• A qualified and highly entrepreneurial founder in place, with potential to build a strong management team

• Products or services that have achieved proof of concept, beta acceptance or initial customer acceptance

• Strong proprietary core or platform technology

• Currently, or within six months of, producing first revenue

• Customer focus versus technology focus, i.e. strong customer value proposition

• A large, high-growth market opportunity validated by existing competitors, substitute solutions, customer acceptance or developing opportunity supported by thorough research and market diligence

• An opportunity to achieve a leading and sustainable market position

• A defined and achievable go-to-market plan for products or services

• Reasonable follow-on financing needs

• The ability to identify multiple exit options -.