Event Description & Eligibility Requirements - The University of ...
Event Description & Eligibility Requirements - The University of ...
Event Description & Eligibility Requirements - The University of ...
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<strong>Event</strong> <strong>Description</strong> & <strong>Eligibility</strong> <strong>Requirements</strong>Purpose <strong>of</strong> the CSVF:CSVF date & process:Application deadline:Target entity & location:To link family foundations who want to invest part <strong>of</strong> their available funds withsocial ventures that meet the eligibility criteria <strong>of</strong> a ‘charitable investment’ orProgram-Related Investment (PRI).Investor-only forum will be held on October 25, 2010. After September 20, asmall number <strong>of</strong> selected applicants will be interviewed. In early October, thefinalists will be selected and should be prepared to work with the Forum teamto refine their investor presentation.September 20, 2010, at 1:00 pmEmail application to Erika.mercer@chicagobooth.eduFor-pr<strong>of</strong>it social ventures and revenue-generating non-pr<strong>of</strong>its that can showtheir ability to pay back a PRI; entity must be based in Northeast Illinois.Type & size <strong>of</strong> investment: Loans (senior and subordinated) or equity investments; preferred $250,000,maximum $500,000Purpose <strong>of</strong> investment:Eligible activities:To acquire property; reach scale; create jobs, products or services; or approachself-sufficiency*Accomplish medical, scientific, literary, charitable, and educational purposes(defined by the Internal Revenue Code § 170(c)(2)(B))For the private foundations considering funding <strong>of</strong> social ventures, no significantpurpose <strong>of</strong> the investment is the production <strong>of</strong> income or the appreciation <strong>of</strong>property.**Source: PRI Network, http://www.primakers.net/about/faqDisclaimer: <strong>The</strong> Chicago Social Venture Forum (CSVF) is not representing or implying that an investment in any <strong>of</strong> the applicants wouldautomatically qualify as a PRI. Each foundation would need to undertake its own due diligence to satisfy itself that the PRI criteria for aparticular investment had been met. <strong>The</strong> application process is meant to help filter out inappropriate investments, not to pre-qualify PRIinvestments.<strong>The</strong> Chicago Social Venture Forum (CSVF) is not making an implied or actual promise to any applicant that a foundation will followthrough and make an investment (PRI or “straight up” investment) in the applicant as a result <strong>of</strong> the application. <strong>The</strong> foundation will carryout its own due diligence after the forum, if interested.
Application Form:Company Contact InformationCompany NameCompany WebsiteCompany AddressContact personPhone NumberManagement TeamFirst name Last name TitleCompany Pr<strong>of</strong>ileNumber <strong>of</strong> EmployeesRevenues 2009Date IncorporatedIndustryLawyerAccountant
Questions1. Please summarize your company as succinctly as possible.2. What critical social issue does your company address?3. How does your product solve the social issue you have described above?4. Define your specific market. "Males between the ages <strong>of</strong> 18-30" is not specific enough and shows a lack<strong>of</strong> analysis. Include market size data, growth rate, customer segmentation, and market structure whereapplicable.5. Please list several current or potential customers for your solutions.6. How are you going to acquire and maintain customers? Direct sales? Sales representatives ordistributors? What is your distribution model? How will customers find you?How do you make money? Describe your revenue sources and margins.7. Who are your competitors? (Every product has competitors—typewriters replaced pencils).Define your competitive advantage and list barriers to entry.8. What specifically makes your management team most qualified to build this business? Pleaseprovide information on the background <strong>of</strong> the management team.Financial SummaryCompany Stage:_______________Concept onlyPre-Revenue but product/service completeHave a few regular paying customersDiverse expanding customer baseIn rapid growth mode
Funding/Revenue for 2009Amount <strong>of</strong> $Type <strong>of</strong> fund (grant—foundation/govt, program income/revenue, investors)________________________________Previous investments, including your own money and investments from friends and family, individual investors,major foundation PRIs or grants, etc.:___________________Funding RequestHow much are you seeking?_____________How will these funds be used?__________________________Add Documents1. Executive Summary2. Financial plan3. Presentation (optional)
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