NIIC tenants will focus on applied research and will agree not to utilize its space for manufacturing or to support a business in the service industry. Each tenant will have dedicated space to pursue its objectives and have access to NIIC provided shared office resources such as conference rooms, administrative telephone system, receptionist, and Internet access so their overhead costs can be minimized. In addition, NIIC will retain a CEO who can assist tenants with the facilitation of business issues such as, management, strategy, planning, execution, financing, the retention of professional advisors, and other similar needs. The NIIC will also offer ready access to Indiana University Purdue University Fort Wayne's computing facilities, research equipment, lab facilities, instruments, as well as advisory services on such critical issues as management, marketing, and finance. This business plan delineates the goals and needs to bring phase one of what is expected to be a four or five phase project to northeast Indiana.
Financial assumptions provided on subsequent pages relate only to the operations of phase one.
The decision to begin any successive phases would be based upon the success of phase one. However, the phase one timeline does anticipate acquiring the land necessary for construction of all contemplated phases. Phase one includes the construction of a 35,000 square foot two story center to be utilized for all cluster industries. Future phases would include the construction of additional buildings thereby allowing each specific building to support a single defined cluster industry. The maximum initial lease term will be three years and one of the NIIC s goals is to have tenants graduate and relocate to permanent space in northeastern Indiana.