---
kind: "section"
citation: "25 C.F.R. § 1187.44"
title: "25"
number: "1187.44"
heading: "What minimum requirements must awardees meet?"
url: "https://uscodex.org/cfr/25/1187.44"
---

# §1187.44. What minimum requirements must awardees meet?

- (a) **Each awardee must—**
  - (1) Offer culturally tailored incubation services to Native businesses and Native entrepreneurs;
  - (2) Use a competitive process for selecting Native businesses and Native entrepreneurs to participate in the business incubator; however, awardees may still offer technical assistance and advice to Native businesses and Native entrepreneurs on a walk-in basis;
  - (3) Provide physical workspace that permits Native businesses and Native entrepreneurs to conduct business and collaborate with other Native businesses and Native entrepreneurs;
  - (4) Provide entrepreneurship and business skills training and education to Native businesses and Native entrepreneurs including:
    - (i) **Financial education, including training and counseling in—**
      - (A) Applying for and securing business credit and investment capital;
      - (B) Preparing and presenting financial statements; and
      - (C) Managing cash flow and other financial operations of a business;
    - (ii) Management education, including training and counseling in planning, organization, staffing, directing, and controlling each major activity or function of a business or startup; and
    - (iii) **Marketing education, including training and counseling in—**
      - (A) Identifying and segmenting domestic and international market opportunities;
      - (B) Preparing and executing marketing plans;
      - (C) Locating contract opportunities;
      - (D) Negotiating contracts; and
      - (E) Using varying public relations and advertising techniques;
  - (5) Provide direct mentorship or assistance finding mentors in the industry in which the Native business or Native entrepreneur operates or intends to operate; and
  - (6) Provide access to networks of potential investors, professionals in the same or similar fields, and other business owners with similar businesses.
- (b) Each awardee must leverage technology to the maximum extent practicable to provide Native businesses and Native entrepreneurs with access to the connectivity tools needed to compete and thrive in 21st-century markets.

## Notes

### Authority

Authority: 25 U.S.C. 2, 9; 25 U.S.C. 5801 et seq.

### Source

Source: 86 FR 50257, Sept. 8, 2021, unless otherwise noted.