Providing the starting point for a small business to grow, mature, and become a sustainable business in our community.
The Francis Tuttle Connection
Francis Tuttle Technology Center serves high school students, adults, and the industry workforce who reside in our seven partner school districts with career-specific training to maintain a quality workforce. Business & Industry Services offers customized business and industry training and consulting services and short-term training for career enhancement or leisure activities. All programs and services maintain high standards for the benefit of the individuals served, and for those businesses that employ them. Francis Tuttle has averaged more than 40,000 enrollments over the past six years, with total enrollment for 2007-2008 reaching 58,677.
Business incubators add skills to the entrepreneur mindset and ensure the ability to eliminate constraints
The Launch Pad FT business incubator is certified by the State of Oklahoma and is the 13th business incubator in the Oklahoma Career Tech system. Launch Pad FT is an active participant in the National Business Incubation Association and the Oklahoma Business Incubator Association.
Launch Pad FT serves the needs of entrepreneurs starting a new venture as well as owners of early stage companies facing struggles in today’s economic environment. Business incubation is a process of analysis of the constraints and creation of a program to improve the business and management skill set of an entrepreneur. The intent of the incubation process is to “graduate” the client into the outside world of business better prepared to create a sustainable business that will contribute to the regional economic growth and development.
The State of Oklahoma provides special tax incentives for incubator clients. The Launch Pad FT is an Oklahoma Department of Commerce certified business incubator, which qualifies resident clients that are in good standing in the incubation program or approved graduates of an incubator program for a five-year state business income tax exemption, with an additional five-year exemption for businesses that do a majority of their sales outside of Oklahoma. For more information refer to page 49 of this document: http://www.okcommerce.gov/Libraries/Documents/2011-Oklahoma-Business-Incenti_170.pdf
Can you benefit from a business incubation program?
Are you an Entrepreneur?
(a passionate risk taker with ability to anticipate the result)
AND do you meet the admission criteria?
- Startup or early stage business
Is the company a start-up venture or has it been less than two years since start-up, and have the issues been defined
- Viable product or service
Is the business concept marketable and realistic
- Business plan
Do you have a written roadmap defining a path from the starting point and a timeline?
- Economic impact
Can you show an economic impact for a specific geography with defined job creation objectives?
- Initial capitalization
Does the company have adequate capital or a projected revenue stream to cover initial operating expenses?
- Entrepreneurial capability
Do you have adequate technical, educational or workplace experience to develop your product or service in this market?
Can you demonstrate a willingness to conduct business in an open, collaborative, and cooperative fashion to include meeting the coaching and consulting requirements of the incubator?
Resources are available from Francis Tuttle Technology Center’s Business and Entrepreneurial Services to assist any applicant in meeting the admission criteria.