LV HOVER FUND 20 Million USD

8/7/2019 LV HOVER FUND 20 Million USD

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USD20 Million Business Development Platformaimed at helping the innovative internet entrepreneurs, by satisfying their greatest Capital

requirement at the lowest cost. LV USD20 million HOVER FUND provides a jumpstart for

entrepreneur by solving their cash flow problem. In doing so LV also realize its own aspiration inbuilding up a cross-regional capital resource integration platform.

How to Apply for LV HOVER FUND

BUSINESS DEVELOPMENT PLATFORM WORTH OF 2 THOUSAND MILLION?

1. Supported Targets of LV Hover Fund

1. LV Hover Fund supports projects which meet the below requirements:

1. The internet projects which are in accordance with the development direction of LVblueprint, technology orientation and highly innovative.

2. The website concept developments which have large market potential, strongcompetitiveness, and good social economic returns.

3. The developed project achieving a certain level of maturity and preferred those research anddevelopment projects in astagemore than 1 year.

Projects under development stage: Mean the experimental projects that develops the new

technologies, new concepts, new features, new methods, new devices or technology enhancement

that boost efficiency and effectiveness of internet, and its results can be consider as a prototype that

presented essential features of a new function or technology. (Website, concept development)

Projects under ALPHA phase: Mean the implementation of the practical projects with the initialresults of process, technology from prototype development and taking on stereotype by creating a

website, collecting the necessary technical parameters for practical purpose, which includes website

trial and design, practical test and close-loop operation testing.

Projects under BETA phase: Means the technology adoption from the pilot phase, exploiting results

consistency and conduct a large-scale operation to meet widespread needs. (Website launching)

2. Qualification need of individual or entity Applicant of LV Hover Fund:

(1) Applicant or its owner shall be internet entrepreneur.(2) Mainly engaged in the research, development, production and service of internet projects.

(3) Applicants shall possess strong ability in market development and operation management, and

have great sense of sustainable innovation.


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(4) Individual who didnt have any lega l and criminal offence records.

2. LV Hover Fund Supportive Manner:

Depending on the actual stage of its operation, the entrepreneur applicant basically should be astarter businesses. In order to facilitate and increase the responsibilities of internet entrepreneurs in

running the business, LV Hover Fund will inject fund into the target enterprise and also manage its

finance in helping the entrepreneurs develop their business

Equity Injection: Normally by injecting LV Hover own fund in exchange for equity control not

exceeding 50%.

At the same time LV will also assist and support the applicants in various aspects which included,

company expansion procedures, company taxes issues, operation management trainings and related

policies.

3. The Application of LV Hover Fund

LV Hover Fund only supports one single project for each internet entrepreneurs.

Applicant should choose an appropriate support formula best fits its stage of development andrequirements.

a. Application Period

Theres no deadline for LV Hover Fund. Internet entrepreneurs with business development plan andambitions are welcomed to apply.

b. Application Procedures

For those projects which conform to the LV Hover Funds conditions, applicants may apply throughbellowing steps:

E-mail the draft application proposal to LV Industry Platform Development Department.

E-mail : fundlegendventure.com (Subject: Apply for LV Hover Fund)

Website :http://www.legendventure.us/

c. Draft Application Proposal

Internet entrepreneurs who apply for LV Hover Fund shall submit the documentation stated as

below:

Applicants IC or corporate business license (photocopy).

The company operation over 1 year. The company shall submit the copy of corporate annualaudited financial statement and report, plus the current year latest months financial report thatincludes Balance sheet, income statement, cash flow and statements and etc. The copy of which

must be certified by its Auditor.The new established company shall submit proof of capital registration and copy of latest monthly

financial statement.

Individual who intend to establish a new company, shall submit the related documentations during

the procedure for registration of the company.

Documentary evidence of project progress (such as the copy of technical reports, patent or

novelty search, identification certificates, test reports, user reports etc).

Documentary evidence of intellectual property right or authorized usage right (such as the copy
http://www.legendventure.us/http://www.legendventure.us/http://www.legendventure.us/http://www.legendventure.us/


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of patent certificate, copyright attorney, approval authority, technical contract and etc).

The project and business references (such as the copy of award certificates, order receipts andwebsite development).

Certification of individual working performance and letter of recommendation and reference etc.

The information provided by the applicants shall be authentic andaccurate. If fraud is found, the LV

Industry Platform Development Department wont accept any application from the related internetentrepreneur.

4. Application Acceptance

a. Acceptance Unit

LV Industry Platform Development Department responsible for all LV Hover Fund applications.

b. Acceptance Procedures

LV Industry Platform Development Department fully responsible in accepting and reviewing the draft

application proposals.

For the unqualified projects. LV Industry Platform Development Department will inform the

applicants through e-mail or phone contact within 2 months starting from the date of proposal

received.

For the acceptance projects.LV Industry Platform Development Department will organize the

relevant professionals and institutions for project inspection.

For the reviewed but pending projects.LV Industry Platform Development Department will inform

the applicants through e-mail or phone contact within 4 months starting from the date of proposalreceived.

The draft application proposal will not be returned, the applicants shall backup a copied if needed.

5. Review and Supervision

For those accepted and reviewed projects, LV Industry Platform Development Department will

inform the applicants through contactable method, within 20 days from the date of acceptance, and

signed LV Hover Fund Proposal Agreement with him/her. LV Industry Platform DevelopmentDepartment will conduct supervision and inspection during the implementation process of the

project, and the scrutiny content and requirements shall include:

a. The LV Hover Fund projects shall incubate under LV capital resource platform otherwise will not

be considered for providing supports.

b. The supported amount from LV Hover Fund not exceeds 50% of the applicant invested amount.

c. The applicant shall operate and manage the project by his/her own will once successfully joint. LV

Industry Platform Development Department will conduct a periodic accounting verification upon

his/her company. Once found the company violation in law and transferring the company assets, the

LV Industry Platform Development Department will take further legal action against the relatedcompany.

Documents

LV HOVER FUND 20 Million USD