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FAQ

What is the CIE?

The CIE, or the Center for Innovation and Entrepreneurship, is a technology-based business incubator located in downtown Pensacola, FL. The CIE is established to provide entrepreneurs with a community of support to foster their innovations in order to bring products to market as soon as possible. There are many ways to join the CIE. Companies within the targeted industries can be tenants, virtual tenants, and/or attend entrepreneurial enhancement events, such as Tech Forums.

What is the value of the CIE to entrepreneurs?

The CIE provides entrepreneurs with:

  • Access to first-class business facilities and resources.
  • 170-1,900 square feet office suites.
  • Discounted rates on consulting and legal services.
  • A community of support from existing entrepreneurs, local business leaders, and advisory service providers.
  • Entry to CIE entrepreneurial enhancement events.
  • Opportunities to network with other area tech-based professionals.
  • Exposure to international and regional markets.
  • Access to key commercialization and research partners such as the Florida Institute for Human and Machine Cognition, the Andrews Institute for Orthopaedics and Sports Medicine, the University of West Florida, and the Small Business Development Center.

Why downtown Pensacola, FL?

Downtown Pensacola is home to several high-technology, successful entrepreneurial business ventures. This location allows business leaders to draw from the entrepreneurial activity already in motion, creating synergy among high-technology companies.

What type of company should consider locating in the CIE?

The CIE focuses its efforts on six key industries. By concentrating on these industries, the CIE can ensure that high quality assistance will be available to each company. Currently, the CIE focuses on helping companies within the following industries:

  • Software Development
  • Information Technology
  • Medical Device/Technology
  • Aerospace/Aviation
  • Renewable Energy Business
  • Biotech/Life Sciences

The CIE encourages entrepreneurs working in any technology-based industry to contact us about their company.

What is the application and selection process for the CIE?

The application process consists of three steps:

  • Step 1: Contact Us
  • Step 2: Submit your business plan (or) a concept paper explaining the value proposition with the exit strategy to Gulf Coast CIE along with your application, background check form and copies of applicable insurance.
  • Step 3: Interview, scheduled after receipt of the business plan.

At what point in an entrepreneurial start-up process should the applicant apply to the CIE for rental space?

Entrepreneurs should contact the CIE immediately to establish a connection. In order to apply to the CIE as a tenant, companies should have at least a rough draft of a business plan for review.

What measures are taken to ensure privacy for tenant companies of the CIE?

Every member of the CIE staff, policy board, advisory team, and partners, as well as tenants are required to sign a Disclosure Privacy Agreement, a Participation Disclaimer Agreement, and/or an Ethics Policy and Disclosure Form.

What kind of workspace resources does the CIE provide?

  • 15,000 Square Feet Facility
  • 170-1,900 Square Feet Office Suites
  • High-speed Wireless Internet
  • CISCO Phone System
  • Business Center
  • Break Room
  • Conference Rooms
  • Downtown Pensacola Location

What are the options for entrepreneurs that do not fully meet the CIE entry criteria?

If a company does not yet meet the criteria for admittance to the CIE as an on-site tenant, that company can join the CIE as a virtual tenant, and/or attend entrepreneurial enhancement events.

When are companies expected to “graduate” out of the CIE?

Companies usually spend three (3) years as tenants in the CIE. While there is not an exact deadline for companies to “graduate” out of the CIE, there is a five (5) year limit.

What type of follow-up is expected once a company “graduates” from the CIE?

For purposes of measuring the CIE’s economic impact, the graduating company is expected to annually provide the following information:

  • Jobs created
  • Salaries paid
  • Revenues earned
  • Technologies commercialized
  • Other economic gains