- Reallocate funding supporting ideas competitions, prizes and fellowships for single recipients and a portion of the funds for professional development for young architects, toward an incubator fund.
- Distribute these funds to local AIA chapters based on market demand to seed new architectural practices. These funds will be used to provide startup capital and salaries for the first six months of operation while in the incubator program.
- Potential applicants are screened based on a competitive process that requires young practices (no single practitioners) to apply based on a project that they have won or an RFQ that they intend to pursue that will lead to a real commission.
- Selected firms will be chosen through the submission of a business plan and a portfolio that demonstrates a balance between design, technical, management, leadership and communication skills.
- The incubator will provide a shared workspace for selected firms, potentially leased from or donated by a sponsoring firm. This would include desks, a conference/meeting room and access to printers and the web. A major vendor (we’re looking at you, Autodesk) could provide the software.
- The local chapter will provide access to mentors from established firms (fulfilling a portion of their public service requirements) that provide critical advice and recommendations on various aspects of establishing and managing an architectural practice.
- Mentors may assume greater responsibility within promising new practices in order to help them win or deliver more complex projects, in exchange for equity.
- Incubated firms and their projects are given access to an amazing network of collaborators and their work would be featured prominently in press and publications.