Langer Direct International
Incubation Process
Incubation Process
At Langer Direct International (LDI), our incubation process is designed to help entrepreneurs preserve capital while providing external support to accelerate business growth. Through our business incubation services, we customize our approach to capture each entrepreneur’s uniqueness and offer tailored support to maximize their business potential. Our process guides startups through every phase of their journey, from inception to success.
Code of Conduct
Incubation Process
All interactions with customers and potential customers must be legal, transparent, and fair. LDI enforces a strict zero-tolerance policy towards bribery and corruption. Employees may never accept, solicit, or offer bribes, improper payments, gifts, or gratuities to or from any customer or supplier. Integrity remains the cornerstone of all our business dealings.
Stages of Incubation
The LDI incubation process is divided into three critical stages:
1. Pre-Incubation: This phase focuses on tenant selection and promotion, ensuring that businesses align with LDI's capabilities and vision.
2. Incubation: This stage involves early development, growth, and advanced phases, providing ongoing resources and guidance to support businesses.
3. Post-Incubation: Upon exiting the program, businesses are fully prepared for long-term success and sustainable growth.
Service Rates
Engagement Process
Executive Services: The first 30-minute consultation is complimentary. Afterward, the executive rate is $250.00 per hour. For travel, an additional $200.00 per hour applies, plus mileage, and a $175.00 per diem per executive. This includes business-class airfare, luxury hotel accommodations, and VIP Uber service. Executive overtime rates are $250.00 per hour.
Technician Services: The standard rate is $57.00 per hour. When travel is required, an additional $57.00 per day per technician is required, along with travel expenses, mileage, and a $100.00 per diem per technician. This also includes business-class airfare, luxury hotel accommodations, and VIP Uber service. Technician overtime rates are $100.00 per hour.
Engagement Process
Engagement Process
Engagement Process
To engage with LDI, applicants must complete our "Intake Sheet." Upon review and approval, the applicant will be required to provide a credit card to be kept on file. This card will be used to cover "Processing & Underwriting Service Fees" as well as to charge for any incurred expenses at the end of each week of business. Additionally, applicants must provide an independent evaluation of their company, at their own expense, to establish its value. Managing directors, directors, and officers are required to complete our "KYC - Know Your Customer" application.
Daily Operations
Engagement Process
Engagement Process
Once LDI is in business with a company, we will charge the credit card on file to cover any out-of-pocket expenses incurred by LDI during the course of business. This includes, but is not limited to, legal fees, travel expenses, hotel accommodations, Uber services, and any other unforeseen expenses necessary for the successful execution of our services. These charges will be processed on a weekly basis and will reflect the actual expenses incurred.
Program Requirements
- Applicants must be at least 18 years of age, and their company must generate an average of $1M in annual revenue.
- Program activities are limited to office-related operations.
- U.S. residency is not required, but successful participants are encouraged to consider a long-term relocation to the program.
- All participants must adhere to our Code of Conduct, including maintaining a drug-free and smoke-free workplace.
- Rent and ancillary service fees must be paid in a timely manner. Delinquent accounts exceeding 30 days may result in removal from the program.
- Quarterly and semi-annual progress reports are expected and will be reviewed by the Advisory Committee.
- Discrimination based on race, creed, color, national origin, sexual orientation, religion, disability, political beliefs, or marital status is strictly prohibited.
- The standard duration in the program is two years or less. Extensions may be granted by the Advisory Committee in increments of two to six months, based on demonstrated need.
- Program facilities are available 24/7 to participants. However, clients and visitors are restricted to normal business hours, from 8:00 a.m. to 5:00 p.m. LDI may impose limits on the number of non-participants allowed on-site at any one time.
For further details and to initiate the process, info@langerdirectinternational.com
Customer Product Purchases and Payment Information
Payment Policy and Procedure
Langer Direct International (LDI) is committed to maintaining strong financial practices while fostering successful partnerships with its customers. To ensure compliance with our payment policies, the following clause applies to all customer purchases and payment arrangements:
Cash on Delivery (COD) Payments Requirement:
- All new customers are required to complete a minimum of six (6) months of transactions under Cash on Delivery (COD) terms. This period allows LDI to establish a reliable transaction history and assess the customer’s payment consistency.
Eligibility for Credit Application:
- After six (6) months of COD payment history, customers may apply for credit terms. LDI will review the customer’s payment performance during the COD period as part of the credit evaluation process.
- Credit applications are subject to LDI’s standard credit approval process, including a review of financial information and creditworthiness.
Compliance and Enforcement:
- Customers failing to meet the six-month COD requirement or those with inconsistent payment history may not be eligible for credit terms.
- LDI reserves the right to extend or deny credit based on the outcome of the evaluation process.
This policy ensures transparency and protects the integrity of LDI’s financial operations while fostering trusted and accountable relationships with our customers. For further clarification, please contact the LDI Accounts Receivable Department.