These are the steps taken to reach an investment decision.
The whole process is described below:
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.
Applicants will then work closely with an Openfund partner to prepare a business plan (see the template as a guide).
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.