Process
These are the steps taken to reach an investment decision.
The whole process is described below:
-
Application
Depending on the maturity of the project or company, submissions should be made online. Pre-product startups should fill out our online form, while more mature ones may submit their documentation (business plan, deck etc). More guidance can be found here.
-
Plan
Applicants will then work closely with an Openfund partner to prepare a business plan (see the template as a guide).
-
Presentation
Teams will then present their application and discuss their plan with all partners. If they meet Openfund criteria, they receive an offer in a form of a term sheet.