The process of funding for amounts over €200,000.
Seven steps towards funding above €200,000 (equity participation possibly in combination with a subordinated loan).
- The first contact, often by phone
- If the application meets the NOM's criteria then an appointment will be made
- Discussing the funding process
- Sharing background information (business plan)
- Business plan analysis
- Analysis financials
- Discussion about the opportunities and threats product/market combination
- Analizing the funding request
- Researching co-funders
- Discussion about the deal structure
- Establishing agreements in a letter of intent
- Book research (financial, legal, technical, etc.)
- Validating assumptions and answering research questions
- Interviews with key stakeholders
- Going through scenarios
- Discuss outcome of research
- Discuss research in Management Team
- Submit research to Investment Committee
- Feedback Management Team and Investment Committee
- Funding decision
- Consultation on contract terms
- Drafting of the contracts
- Notarization
- Effectuating the transaction
- Gradual transfer of file to fund management
- Interim financial reports
- Regular contact, consultation, advice
- Matching company and NOM interests
- In time, working together toward a desirable exit
