Program Description
Through the Virtual Incubation Program, the entrepreneur has access to the South Valley Economic Development Center’s training sessions, partner organization support, and consulting services without their business and/or equipment physically being located at our facility.
The entrepreneur is assigned a virtual office and is granted access to all of our services and resources, without the need for dedicated office space or physical presence altogether.
Resources
- Business incubation training sessions
- One-on-one business & food industry consultants
- Community events
- Fiscal address at the center
- Receptionist service
- Co-working area
- Copy center
- Lunch room
- Shared spaces (Main Conference Room, Multipurpose Room, Private Office)
- Use of resources (high-speed internet, coffee maker and pot, chairs, table, projector, screen, tables, white board, etc.)
- Commercial kitchen access to test your products
Start Accelerating Your Business Today!
Participating in the Semilla Program is the first step for all SVEDC incubation programs.
FAQs
How long does the Virtual Incubation Program last?
Clients can participate in the Virtual Incubation Program for up to five years, though most businesses are launching within the first two to three years.
How much does the Virtual Incubation Program cost?
The actual cost of the program is $400 for a month; however, this cost is subsidized by the support of several individuals, organizations, foundations and institutions. The SVEDC will incrementally decrease the subsidized cost of the program to ensure that the entrepreneur can continue their business once they graduate from the SVEDC’s Incubation Program.
Program Year | 1st Year | 2nd Year | 3rd Year | 4th Year | 5th Year |
---|---|---|---|---|---|
No subsidy | $400 | $400 | $400 | $400 | $400 |
With subsidy* | $100 | $160 | $220 | $280 | $340 |
*An additional subsidy could be applied (depending on availability) to those earning a household income at or below 200% of the Federal Poverty Guidelines. (The Federal Poverty Guidelines are used as a guideline only. SVEDC programs are not a federal or state program.)
What equipment & facility spaces are available to Virtual Incubation clients?
Although the Virtual Incubation Program is designed for businesses located outside of our facilities, Virtual Incubation clients have the opportunity to register their business with our address and make use of our services and resources, including the commercial kitchen equipment*:
- Blast Chiller
- Compartment Sink
- Convection Oven
- Conventional Oven
- Dehydrator
- Dishwasher
- Dough Sheet Roller
- Flat Top Grill
- Floor Mixer
- Food Prep Areas
- Fryer
- Gluten Free Oven
- Produce Sink
- Regular Grill
- Steam Jacketed Kettle
- Stove Top
- Tilting Skillet
*Exclusively for product testing. Actual production would occur in the Food Business Incubation Program.
What is the Virtual Incubation Program capacity?
Currently, we can support 5 businesses at any given time (as a business completes the program, we can take in a new one).
Please note that this is a new program and we are testing our capacity. Contact Client Services at (505) 877-0373 to inquire about program availability.
What type of industries do you specialize in?
The SVEDC has the industry knowledge and equipment to support business in the following industries:
- 11 – Agriculture , Forestry, Fishing and Hunting
- 1151 – Support Activities for Crop Production
- 72 – Accommodation and Food Services
- 722310 – Food Service Contractors
- 722320 – Caterers
- 722330 – Mobile Food Services
- 311 – Manufacturing – Food
- 3113 – Sugar and Confectionery Product Manufacturing
- 311411 – 311412 – Frozen Fruit, Juice, Vegetable and Frozen Specialty
- 311421 – Fruit and Vegetable Canning or Jarring (we do not have canning equipment)
- 311422 – Specialty Canning or Jarring (we do not have canning equipment)
- 311423 – Dried or Dehydrated Food (except meat dehydration)
- 3115 – Dairy Product Manufacturing
- 3117 – Seafood Product Preparation and Packaging
- 311811 – 311812 – Retail and Commercial Bakeries
- 311813 – Frozen Cakes, Pies, and Other Pastries
- 311821 – Cookie and Cracker Manufacturing
- 311824 – Dry Pasta Dough and Flour Mixes
- 311911 – Roasted Nuts and Peanut Butter
- 311919 – Other Snack Manufacturing
- 311920 – Coffee and Tea Manufacturing (we have limited equipment)
- 311930 – Flavoring Syrup and Concentrate
- 311941 – Mayonnaise, Dressing, and Other Prepared Sauce
- 311942 – Spice and Extract Manufacturing
- 311991 – Perishable Prepared Foods
- 311999 – All Other Miscellaneous Food Manufacturing
Although SVEDC Staff and Business Advisors have the Industry knowledge to assist and provide guidance, the SVEDC facility does not have the equipment or space to incubate the following type of business:
- 11 – Agriculture , Forestry, Fishing and Hunting
- 1111 – Oilseed and Grain Farming
- 1112 – Vegetable and Melon Farming
- 1113 – Fruit and Tree Nut Farming
- 1114 – Greenhouse, Nursery, and Floriculture Production
- 1119 – Other Crop Farming
- 1121 – Cattle Ranching and Farming
- 1122 – Hog and Pig Farming
- 1123 – Poultry and Egg Production
- 1124 – Sheep and Goat Farming
- 1125 – Aquaculture
- 72 – Accommodation and Food Services
- 722511 – Full-Service Restaurants
- 722513 – Limited-Service Restaurants
- 722514 – Cafeterias and Buffets
- 311 – Manufacturing – Food
- 3111 – Animal Food Manufacturing
- 3112 – Grain and Oilseed Milling
- 3116 – Animal Slaughtering and Processing
- 311830 – Tortilla Manufacturing
- 312 – Manufacturing – Beverage
Although the SVEDC Staff and Business Advisors can assist and provide guidance in the general business management concepts, the SVEDC Staff and Business Advisors do not have the industry knowledge to provide in-depth assistance or guidance. In addition the SVEDC facility does not have the equipment or space to incubate this type of business (other than providing an office space):
- 11 – Agriculture , Forestry, Fishing and Hunting
- 1129 – Other Animal Production
- 1131-1133 – Timber, Forest Nursery and Logging
- 1141-1142 – Fishing and Hunting
- 1152-1153 – Support Activities Animal Production and Forestry
- 21 – Mining, Quarrying, and Oil and Gas Extraction
- 22- Utilities
- 23 – Construction
- 313 – Manufacturing – Textiles
- 323 – Manufacturing – Printing and related
- 333 – Manufacturing – Machinery
- 334 – Manufacturing – Computer and electronic products
- 337 – Manufacturing – Furniture and related
- 31-33 – Manufacturing – Other
- 42 – Wholesale Trade
- 44-45 – Retail Trade
- 48-49 – Transportation and Warehousing
- 51 – Information
- 52 – Finance and Insurance
- 53 – Real Estate and Rental and Leasing
- 54 – Professional, Scientific and Technical Services
- 55 – Management of Companies
- 56 – Administrative and Support and Waste Management
- 61 – Educational Services
- 62 – Health Care and Social Assistance
- 71 – Arts, Entertainment and Recreation
- 72 – Accommodation and Food Services
- 722515 – Snacks and Nonalcoholic Beverage Bars
- 7211-7212 Traveler Accommodation and RV & Recreational Parks
- 7213 – Rooming and Boarding Houses
- 7724 – Drinking Places
- 81 – Other Services
- 91 – Public Administration