Investment Application Process
Each application for funding should be submitted with a business plan. Highland Park Angel Funding will serve as the first screen for all applications, insuring that the application is complete and that the application meets the investment parameters defined by its members.
Each submission should address the following:
Market need and business model
Industry and market overview
Product or service overview
Current and future technology
Current and anticipated competition
Competitive advantages
Management team
Strategic partners
Benchmarks for growth and/or additional funding
Proposed use of funds
Funding sought, valuation and justification for assumptions
Pro forma financials
Applications should be submitted via the following link: Request for Funding
Each electronic application will categorized as follows:
1. 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 group.
2. 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 group’s screening committee for final sign off prior to being sent to all members at the next regularly scheduled meeting.
3. Application meets criteria investment criteria but company is outside the geographic region – Promising opportunities will be forwarded to the screening committee of the network for approval to proceed with formal application process.