Procedure
1. Getting Acquainted
Within two weeks after receiving your initial application, we will let you know whether we will take your request for investment into consideration. If your request suits the general objectives of Start Green Venture Capital and fits into our portfolio composition, we then require a detailed business plan based on which we will invite you for an introductory meeting. If you do not yet have a business plan, we may nonetheless invite you to a meeting in order to discuss the necessary steps you'll need to take in order to be applicable for funding by Start Green.
2. Assessment
Based on our meetings and on your business plan we will proceed to assess your investment request. If necessary, Start Green will procure the services of external (market-) experts for this purpose.
3. Submit Participation Proposal to Board of Supervisory Directors
If the business plan and management are approved by Start Green and if we reach broad (preliminary) agreement with regards to our possible cooperation, a Participation Proposal will be submitted to the Board of Supervisory Directors.
4. Due diligence Investigation
After approval by the Board of Supervisory Directors, we will carry out a due diligence investigation, which will cover the financial and legal aspects and is likely to cover technological aspects as well. The results of this investigation entitle Start Green to revoke its intention to participate altogether or in part, or to renegotiate the terms on an agreement.
5. Contract Negotiations
Subsequently, negotiations will begin regarding a contract, in which all aspects of the participation will be detailed and set down in a shareholders-agreement, and in some cases by-laws and loan-agreements. After successful conclusion of these negotiations, we celebrate the signing of a contract with a glass of champagne. Then, the participation is started.
6. Monthly or Quarterly Financial Statements
As a partner in your business venture, Start Green plays an active role in making your commercial activities a success. The monthly or quarterly financial results statements you will provide enable Start Green to remain closely involved in the progress of your company.