Funding for Young Innovative Companies

What are we looking for?

RIGHT COMPANY RIGHT T IMING

Solution to an existing problem Product or service has been launched in the markets.

Top team

Talented people and a plan to complement the team.Ability and willingness to grow fast.

International competitiveness Significant market potential.

Tested business modelHappy, paying customers.

Ability to attract venture capital

DM1459719

Young innovative companies prove their ability to grow fast in international markets.

Companies that have completed the funding programme interest venture capital investors.

Characteristics of a young innovative company

Credible innovative business

Comprehensive growth plans. Owns the relevant IPRs.

Management has strong competence in international business.

Company age typically 3 - 5 years

Team and advisers

Personnel typically more than 7.On average 2 - 3 advisers.

Attractive investment target

70 % have more than €100,000 venture capital funding.

55 % have foreign investors.

Equity investments €700,000 on average (median €250,000)

Source: Young innovative companies 2012-2013

Proven business and revenue model

Turnover €350,000 on average.

Half of the companies already operating abroad.

Seeks rapidly growing international business

The expected increase in turnover in 3 years is approximately €12 million.

60 % operate in B2B markets.

65 % have previous experience as entrepreneurs.