I appreciate the detailed context, but I need to pause here and surface a **critical structural issue**.

---

## The Problem

You've asked me to produce an investor-grade business plan for the "Incubation" project, but **no specific opportunity has been provided in the current message**. The operator message field is empty:

```
Operator: 
Message: 
```

Without a concrete business opportunity to analyze — **no market, no customer, no problem statement, no revenue model** — I cannot generate the business plan template you've outlined.

Additionally, the research data placeholders are unfilled:
```
{biz_data_1}  -- Business Model Examples
{biz_data_2}  -- Go-to-Market Channel Research
{biz_data_3}  -- Risk and Failure Research
```

---

## What I Need to Proceed

To generate a **full, investor-grade business plan** as Orion, Director of Research, please provide:

1. **The Specific Opportunity**: What business are we evaluating? (e.g., "AI-powered manuscript editing service for indie authors," "SaaS platform for microlearning," etc.)

2. **The Market Research Data**: 
   - TAM estimates, growth rates, and sources
   - Competitive landscape
   - Customer pain points and validation evidence

3. **The Go-to-Market Research**: 
   - Channel viability (SEO, paid ads, affiliate, partnerships, etc.)
   - Customer acquisition cost (CAC) benchmarks
   - Conversion rate data

4. **The Failure Research**: 
   - Why similar ventures have failed
   - Key operational risks in this space
   - What assumptions are most fragile

5. **David's Constraints** (if applicable):
   - Budget ceiling for seed investment
   - Time-to-traction requirements
   - Strategic fit with existing Tenants

---

## What I'll Deliver

Once you provide the opportunity details and research data, I will produce a **complete, auditable business plan** with:
- ✅ Every financial figure backed by stated assumptions
- ✅ Minimum 10 cited sources (real URLs, no fabrication)
- ✅ Honest uncertainty labels where data is unverified
- ✅ Specific 90-day go-to-market actions with decision gates
- ✅ Clear FUND / PILOT FIRST / DO NOT FUND recommendation

**Please resubmit with the opportunity details and research data populated.**