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As you get started, you will need to be able to answer and discuss these seven questions: | | Criteria | YES | NO | CincyTech Criteria | | 1 | How much revenue do you expect your venture to earn in year 5? | | | The venture must be able to generate significant revenues ($30 - $50M) by year 5. | | 2 | Is your venture located in one of CincyTech's target counties or willing to move there if funded? | | | The venture must be located or willing to relocate in Brown, Butler, Clermont, Clinton, Hamilton, Highland or Warren counties. | | 3 | Is your venture focused on Information Technology, Life sciences/Biotechnology, or Advanced Manufacturing & Materials? | | | The venture must be focused on one of these three vertical markets. | | 4 | Does your venture have the management team in place or plans to recruit the additional management required to reach its high growth potential? | | | CincyTech will evaluate the capabilities of the management team along with the plan for additional team members. | | 5 | Is the venture based on a highly differentiated breakthrough idea, ideally complemented with defensible technology or other barriers to entry? | | | CincyTech will evaluate the unique capabilities of the products/services and the potential for competitive offerings. | | 6 | What is the potential market size for this product? | | | CincyTech believes that large markets of >$1B will be required to support a high growth company to achieve $30 - $50M in revenue within 5 years. | | 7 | Is there a concrete, credible exit for the business, such as sale to a strategic buyer or an initial public offering? | | | CincyTech and all investors start with the end in mind - there needs to be an exit strategy to make the investment worthwhile for investors. |
If you believe your answers meet the criteria for investment, then prepare the following information for CincyTech’s Investment Associate to begin evaluating your venture: - Executive Overview of the Business
- Draft of Pro Forma Financials
- Any market, intellectual property, competitive or potential customer information that will help us understand your opportunity
Next Step: ADVISE
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