Apply To be a Maker TOday!
What Makes A great Maker?
Makerhoods selection committee reviews complete applications through the lens of five main criteria:
Entrepreneurial mindset.
We are looking for Makers who have an entrepreneurial mindset, defined as being self-starting, future-thinking, able to overcome barriers, determined, and have good follow-through. This criterion carries the highest weight.Business model.
The business should have the potential to provide the business owner with a living wage (and beyond). The business owner should have a vision to get there.Traction.
We are looking for Makers who have been generating sales (online, at markets, informally, etc.), who can demonstrate proof of business concept and market demand. They should be able to either prove a monthly revenue of $5,000/month or approximately $60,000/year or communicate a clear roadmap of growth to that level.Potential for impact.
We are looking for Makers in which the Makerhoods program will impact their ability to grow their business.Community-oriented.
We are looking for Makers eager to develop as business owners and grow their businesses within a like-minded entrepreneurial community.Complete agreement and acknowledgement of the Makerhoods program’s limitations and expectations.
Makerhoods Expectations
Makerhoods Live/Work is not an incubator or accelerator program in the traditional sense; there is no graduation date. Accepted Makers can be part of the program for as long as it fits their business needs, and as long as they are meeting the program expectations.
These expectations are in place to ensure that the community is a vibrant place of commerce. Makers will be regularly evaluated on the progress of their business and adherence to the community expectations.
Makers are expected to:
Understand and agree that Makerhoods will not be operating the business and is not responsible for decisions you make.
Timely pay the apartment and shop rent, along with any related fees and expenses. The program does not offer free, reduced or payment plans for these obligations.
Use the commercial space and amenities solely for the business described in the Maker application.
Have the Maker Shop opened to the public at least 5 days per week during typical Shopping Hours, 10am - 6pm.
Fully engage in the Makerhoods business development services and participate in Makerhoods events which may include evenings or weekends on occasion.
Collaborate, share expertise, share ideas, and build a business community with other Makers in Newark Makerhoods.
Share business data and financials with Makerhoods program management for the purpose of receiving business advice and coaching.
Exemplify the entrepreneurial mindset and be open to learning from the teachings and constructive criticism of business leaders and peers in the program and explore new and alternative approaches to growing their business.
Allow the use of graphics/logos/videos and other media in Makerhoods Marketing, advertising, and promotions. Be available for interviews with the press.
Join the online Makerhoods Market. https://makerhoodsmarket.com/
Makerhoods expectations, policies, and community guidelines are subject to management discretion and ongoing update. Updates will be communicated to Makers via email and/or flyers. Failure to comply with the expectations and policies will result in removal from the program and termination of the commercial lease.
At Newark Makerhoods we strive to create a vibrant community for all residents. We do this through creative entrepreneurs who grow profitable businesses that create prosperity, secure their futures, and build inter-generational wealth, and through building a strong live/work neighborhood wherein our entrepreneurs set an example for the broader community through business expertise, community stewardship, and leadership.
**Makerhoods does not operate the businesses in the program nor does the program offer cash or any form of subsidy for commercial or personal needs.