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Incubator Program

The Incubator Program is available for those who have completed GUMA's Training & Mentoring Program. Through this, you can apply for startup funding and more training & mentoring from experienced local business owners.

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Application Process

1

Complete GUMA's Training & Mentoring Program

Complete GUMA's 16-week Training & Mentoring Program and obtain your Certificate of Completion. In this course, you will learn vital information for small business development from experienced business owners and professionals. For more information on the Training & Mentoring Program, click the button below.

2

Obtain your Business License

If you haven't already obtained your Guam Business License, you must do so before continuing in the application process. Click the button below for a step-by-step process on how to apply for and obtain it!

3

Build and Finalize your Business Documents

During the Training & Mentoring Program, you will have learned how to put together a functional Business Plan, Summary of your Business, and your Company Literature (Mission Statement, Core Values, Vision). These documents are required for you to continue applying for the Incubation Program's Grant Funding.

4

Collect Expenses

You will be required to complete GUMA's Budget Form for all expenses you intend to use the grant money for if awarded. You will also be required to submit vendor quotations for all purchases you intend to make if awarded. Please download the form and view quote samples by clicking the buttons below.

5

Collect Documents

Collect job resumes from your key personnel (i.e., owners/co-owners, managers, etc.). If available, also include company literature (i.e., brochures, pamphlets, business cards, etc.). Include these documents in your application packet.

6

Review your Business Plan with SBDC

GUMA requires all applicants to make an appointment with the Small Business Develop Center (SBDC) to review and revise their business plan. Click the button below to visit their website!

7

Fill out GUMA's Incubator Program Application

Read instructions carefully and complete the application checklist.

PLEASE READ INCUBATOR REMINDERS AND TIPS SHEET FOR ADDITIONAL INFORMATION.

8

Turn it in!

Submit all of the documents listed above via email to 

monicaguzman@galaidegroup.com

2024 Application Deadline:

August 2, 2024 at 11:59 PM 

 

You will receive confirmation from someone of the team that we have received your application.

9

"Shark Tank"

You will be required to give a presentation of your product or service to our Board of Directors. Contact the GUMA Office to learn more of what may be required during Shark Tank Presentations.

2024 Shark Tank scheduled for October 5, 2024

10

Awarding

If awarded, GUMA will contact you to discuss the award process further. 

Please note that GUMA does not give funds directly to business owners through this program. GUMA will order the business's requested items and arrange delivery.

11

Incubation!

If awarded, GUMA will check in with you annually.

 

You will also have access to experienced business owners' wisdom to help guide you through the process of owning and operating a business!

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