Investment Application Process
Each application for funding is sent through the Whitesand Investments secure web site. The Manager will first screen all applications, insuring that the application is complete and that the application meets the investment parameters that have been set. The Managers will evaluate each electronic application and segment as follows:
- Application does not meet investment criteria
Applications that do not meet the predefined investment criteria will be notified via email that their investment opportunity does not meet the core investment parameters of the network. The message will be polite and generic with no specific reason given except to say they do not meet the investment criteria of the group at this time. However, the Manager will refer, when appropriate, the entrepreneur to one or more of the entrepreneurial support entities across the region.
- Application meets criteria investment criteria
Applications that meet the predefined investment criteria will undergo further analysis resulting in the development of two additional documents:
- Market Analysis
a brief market analysis will be developed that will include information on the target market, geographical scope, specific market research on the core product or service and an analysis of the competition.
- Summary Analysis
a summary will be developed that will include a review of the company's business plan, financials, technology, intellectual property rights, a strengths and weaknesses assessment and a risk/return profile.
These two documents, along with the original application will be forwarded to the advisory board for final input prior to being sent to all members.
