(a) Each awardee must:

1. (1) Offer culturally tailored incubation services to Native businesses and Native entrepreneurs;
2. (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. (3) Provide physical workspace that permits Native businesses and Native entrepreneurs to conduct business and collaborate with other Native businesses and Native entrepreneurs;

4. (4) Provide entrepreneurship and business skills training and education to Native businesses and Native entrepreneurs including:

   1. (i) Financial education, including training and counseling in:

      1. (A) Applying for and securing business credit and investment capital;
      2. (B) Preparing and presenting financial statements; and
      3. (C) Managing cash flow and other financial operations of a business;
   2. (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

   3. (iii) Marketing education, including training and counseling in:

      1. (A) Identifying and segmenting domestic and international market opportunities;
      2. (B) Preparing and executing marketing plans;
      3. (C) Locating contract opportunities;
      4. (D) Negotiating contracts; and
      5. (E) Using varying public relations and advertising techniques;
5. (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. (6) Provide access to networks of potential investors, professionals in the same or similar fields, and other business owners with similar businesses.