- Minimum funding to support a full year of operations
- A formal business plan ready for implementation
- Capable management
- Potential for job creation
- No conflict with current BHBP tenant companies
- The ability to enrich the college by providing an enhanced environment for both students and faculty.
The Executive Director, in consultation with the Board of Directors selects tenant companies on a case-by-case basis. The evaluating criteria include the merits of the business plan, credentials of the principals and management team, growth potential and the ability to interact with Farmingdale State College. For reasons of time and confidentiality, BHBP recommends the availability of two types of documents: a two-page summary and a supporting business plan. Any confidential pages should be marked as such.
Tenant companies are required to operate their business in an ethical manner in compliance with all governmental regulations; prompt payment of all invoices is required and periodic financial reports to Broad Hollow Bioscience Park, including employment figures, must be submitted. General liability insurance coverage of $5 million with BHBP, and its affiliate-entities, as named insureds must be maintained during tenancy.
All individual company information is kept confidential.
BHBP is designed to assist the development of early-stage companies. Successful companies will graduate from BHBP to allow other early-stage companies the opportunity to utilize the facility. A company’s tenancy will depend on its ability to meet its stated goals and growth estimates, and the ability to interact with Farmingdale State College and the reigonal ecosystem.
The goal of BHBP is to establish long term relationships with its tenant companies and provide assistance following graduation. For this reason, BHBP is working with outside real estate developers and brokers to ensure the successful location of biotech companies into the Route 110 Biotech Corridor.
- Minimum funding to support a full year of operations
- A formal business plan ready for implementation
- Capable management
- Potential for job creation
- No conflict with current BHBP tenant companies
- The ability to enrich the college by providing an enhanced environment for both students and faculty.
The Executive Director, in consultation with the Board of Directors selects tenant companies on a case-by-case basis. The evaluating criteria include the merits of the business plan, credentials of the principals and management team, growth potential and the ability to interact with Farmingdale State College. For reasons of time and confidentiality, BHBP recommends the availability of two types of documents: a two-page summary and a supporting business plan. Any confidential pages should be marked as such.
Tenant companies are required to operate their business in an ethical manner in compliance with all governmental regulations; prompt payment of all invoices is required and periodic financial reports to Broad Hollow Bioscience Park, including employment figures, must be submitted. General liability insurance coverage of $5 million with BHBP, and its affiliate-entities, as named insureds must be maintained during tenancy.
All individual company information is kept confidential.
BHBP is designed to assist the development of early-stage companies. Successful companies will graduate from BHBP to allow other early-stage companies the opportunity to utilize the facility. A company’s tenancy will depend on its ability to meet its stated goals and growth estimates, and the ability to interact with Farmingdale State College and the reigonal ecosystem.
The goal of BHBP is to establish long term relationships with its tenant companies and provide assistance following graduation. For this reason, BHBP is working with outside real estate developers and brokers to ensure the successful location of biotech companies into the Route 110 Biotech Corridor.
Request Information
If you think the Broad Hollow Bioscience Park is a good fit for your company, please complete the form below.
Request Information
If you think the Broad Hollow Bioscience Park is a good fit for your company, please complete the form below.