Application Steps After exploring our website, if you’re inclined to apply for funding, please start by filling out our application form. In this form, we’ll ask you for a snapshot of your business, which includes:
- An overview of your technology, any intellectual property (IP) you hold, and its advantages over competitors.
- Your market traction to date or planned market entry strategy, along with your business model.
- Details about your team.
- Previous funding, the amount you’re seeking now, and your current valuation.
- Your expectations regarding future funding rounds. Also, please attach your business plan and any relevant documents.
Selection for Pre-Screening Based on your application, if we see a potential fit with our members’ investment interests, we’ll decide when to invite you to present at one of our deal flow sessions. Please be aware, due to the volume and fit of applications, not all applicants will progress to this stage.
Pre-screening Session Here, selected applicants will pitch to some of our members, with a 20-minute presentation followed by a 25-minute Q&A. Within ten days, we’ll inform you if you’ve been chosen to present at our quarterly members’ meeting.
Quarterly Meeting At these quarterly meetings, 2 to 3 companies present, each with a 10-minute pitch and a subsequent 10-15-minute Q&A session. Again, within ten days, we’ll let you know if we’re interested in moving forward to a formal due diligence process, with a level of investment interest from our members – usually from €100k to €1.5m.
Due Diligence Our due diligence is thorough, covering all aspects of your business plan. External experts may be consulted as necessary. This step can take up to three months, depending on the complexity of the verification needed. We also liaise with the lead investor if they have lready been identified.
Term Sheet Negotiation Upon successful due diligence, a short report will be presented to our members, and each member will give a final amount of investment. We will confirm this investment amount with you, and review with the lead investor the terms of the raise (the Term sheet). Exceptionally, the Medtech Syndicate can be a lead and present you with a term sheet outlining the deal structure, along with the main terms and conditions for the Shareholders Agreement.
