Have a business idea or want to learn business strategy for your existing creative business? The Spaceworks Incubator is for entrepreneurs who have an innovative/unique vision and want to be part of Tacoma’s local economic community. Entrepreneurs are provided with the tools, resources, and support they need to determine the feasibility of their small business or non-profit in Tacoma and develop a business strategy. Participants enjoy peer support and exchange while in the cohort, often forming a long lasting support network.
Spaceworks’ Incubator offers a variety of services to help creative entrepreneurs and business owners gain training and knowledge in business basics, strategy, and skills. Our two core programs are the Business Launch Cohort, a 36-hour course over 12 weeks for entrepreneurs with an existing product or service, and the Business Foundations Cohort, a 12 hour course over 4 weeks for entrepreneurs with a business idea. Both cohorts occur twice a year.
BUSINESS FOUNDATIONS focuses on the idea phase of business for 4 weeks. Some of the class highlights are understanding the ‘why’ behind your business, what business structure is best for you, and developing your vision, mission, and values statements. At the end of this cohort, you will have a clear understanding of your business foundations and the next steps to move forward and make it happen.
Applications open for the Spring cohort on March 1, 2022 and close on March 31, 2022.
BUSINESS LAUNCH focuses on those business that have tested their product or service in the market (friends, family, markets, Etsy, brick and mortar, etc.) and have a clear understanding of what they are providing to the customer. At the end of this 12 week cohort, you will have gained the knowledge to successfully run your business, a completed business plan, and will have presented your pitch at your Graduation.
Applications open for the Summer cohort on March 1, 2022 and close on April 22, 2022.
The cost of the Business Launch Cohort is $200, Business Foundations Cohort is $100, both are on a sliding scale depending on financial need.
SELECTION PROCESS FOR BUSINESS FOUNDATIONS:
Incubator applications are reviewed by a Selection Panel including Spaceworks’ Steering Committee members, Spaceworks’ Alumni, and Community Members. Applicants will be notified of acceptance by May 6th, 2022 following the decision of the Panel.
Spaceworks is committed to recruiting an applicant pool that reflects the diversity of Tacoma. We will only move forward with the selection panel once we achieve that commitment.
- Microenterprise (fewer than 5 employees)
- Planning to do business in Tacoma
- Have tested your product or service (Business Launch Cohort only)
The review process is competitive, and the panel will be looking for a diversity of businesses. Businesses will be selected based on the criteria and scored per the percentages listed below.
- Innovation and Creativity 25%
- Scale and Impact 20%
- Financial Need 10%
- Quality of Product or Service 20%
- Community Investment and Involvement 25%
Business Training Coordinator
Spaceworks welcomes all clients and will obtain reasonable and appropriate accommodations for those with disabilities. We support equal access to our websites, services, programs, and activities. Accommodations for our programs should be made at least two weeks in advance by calling 253.627.2175 or emailing email@example.com
Due to COVID-19, all programs will be held virtually via Zoom until regulations allow in person gatherings. Most of Spaceworks training sessions are located at the Tacoma-Pierce County Chamber, which is located at 950 Pacific, Suite 300, Tacoma, WA, 98402. The office and meeting rooms on the third floor are serviced by an elevator and are wheelchair accessible. Restrooms are also on the third floor and are wheelchair accessible. Other events or programs may occur at businesses throughout the city.