Iowa G2M Accelerator Application

Iowa G2M Accelerator Application
Thank you for your interest in the Iowa Go-To-Market (G2M) Accelerator program, a partnership between BioConnect Iowa, Iowa State University Startup Factory, and VentureNet Iowa.

This program is designed as a "follow-on" support program for Iowa companies developing technology-driven innovative products/services that have previously participated in a developmental program or accelerator.

Industry sectors typically represented will include (but are not limited to) biosciences, ag-tech, advanced manufacturing and tech/software.
Application Process
- If you are unsure if your company is a fit for this program, contact us at sam@bioconnectiowa.org to verify eligibility prior to submitting an application.
- Complete this application as thoroughly as possible. Additional pages or supporting documents can be attached separately in response to items A1, A2, A3 as Word or PDF file formats only.
- VentureNet Iowa review panel presentation (if needed) - 2-4 weeks after application deadline to determine acceptance.
- A rolling application process is offered with two start times each year.
- Incomplete applications will not be accepted.
Application Attachments Required
All of the following attachments are REQUIRED for complete application, please include them with your submission:

A1 Business Plan

At a minimum, include:
- Marketing study
- Feasibility study
- Projected profit and loss statements for three years into the future
- Project budget
- Production operations
- Management structure
- Personnel needs
- Descriptions of product or process
- Status of product/process development
- Patent status, filing receipts, trademark/service mark serial number, etc. (if applicable)
Any information listed above not included in the business plan should be submitted as supplemental information via a separate attachment.

A2 Financial Information – using QuickBooks or similar software is recommended
- Profit and loss statements; cash flow statements and balance sheets for past 3 year-ends
- Current YTD profit and loss statement and balance sheet
- Schedule of aged accounts receivable
- Schedule of aged accounts payable
- Schedule of other debts
- Explanation of significant financial transactions
- Projected profit and loss statements for three years into the future (can be pulled from Business Plan)
A3 Competitive Matrix
Application Instructions
1. Please keep answers concise and try to limit them to 500 words or less.
2. All applicants must complete the Iowa Go-To-Market Accelerator Program Application and submit all required attachments.
3. Complete all questions on the application. If questions are left unanswered or required attachments are not submitted, the application will not be accepted.
4. Any inaccurate information of a significant nature may disqualify the application from consideration.
5. Applications will be reviewed in order received (date and time from complete digital submission will determine order)
Applications are reviewed by VentureNet Iowa and its Iowa G2M Accelerator program partners, Iowa State University Startup Factory and BioConnect Iowa (formerly called Iowa Innovation Corporation).

VentureNet Iowa acknowledges the sensitive nature of some of the information you disclose on this application and information provided will be used solely for evaluating your entry into the Program. Applicants should recognize however, that this application does not represent a Non-Disclosure or Confidentiality Agreement and not disclose information that would negatively impact, for example, obtaining intellectual property protection. If you have questions or would like to discuss this, please contact us at sam@bioconnectiowa.org.

* denotes required field
Business Overview
Description of technology area*

0/500
YesNo
Products or services currently offered*

0/500
Business Structure*
State of Incorporation*
Date of Incorporation*

MonthDayYear
Date
Total number of years in business*
Total number of years in Iowa*
Annual sales in last fiscal year*
Current number of employees*

* denotes required field
Personnel Information

Key management personnel*

Rows	Full Name	Title	Level of time commitment
1
2
3
4
5
6
7
8

YesNo
Please provide name of company, team members's name, job title, and time commitment
YesNo
Please provide name and state of residence for team members
Previous Accelerator Program Information
Accelerator program name*
Program contact person*
Description of program structure and content*

0/500
YesNo
Please provide name or organization and/or person working with

* denotes required field
Company Information
Company Background & Description of Product/Service*

Provide a brief description and history of the Business. Include information about your products/services and markets and/or customers.0/500
Accelerator Objectives*

Provide a brief description of what you hope the G2M Accelerator program will provide to you and your business.0/500
Technology, product, service*

Review the activities around the company’s intellectual property evaluation and any resultant IP strategy. Discuss identified proprietary elements and factors that would provide barriers-to-entry to current or potential competitors. 0/500
Value proposition & customer/market segments*

Describe the problem that the company’s technology addresses. Additionally, describe the target market and its size. 0/500
Management team*

Briefly list and describe the persons involved in the company whether in a full-time, part-time or in a consulting or mentoring capacity. Include their backgrounds / experience and current role in the company.0/500
Marketing / Sales / Distribution*

Describe how the customer is to be engaged, inclusive of marketing strategy/tactics and the distribution plan. Discuss the aspects that show how the product/solution/path to market is differentiated from the competition. 0/500
Business Model*

Discuss the sources of revenue, the revenue model, the pricing structure/rationale, cost of goods & cost of sales assumptions, and details of required financing. 0/500
Capitalization / Funding Plan:*

Review the capitalization of the business to date and provide a summary of the strategy for acquiring follow-on investment if anticipated.0/500
Capitalization Table

Provide a capitalization table if you have one.
Cancelof
Long Term (5-10 year) Vision/Strategy*

Discuss the longer-term goals for the business – whether the primary goal is to build a sustainable operating entity, lifestyle business or is to eventually exit via merger or acquisition.0/500

* denotes required field
Application Checklist

Please refer to this checklist as you prepare your application with the required supporting documentation. If questions on the application are left unanswered or required attachments are not submitted, the application will not be accepted. In addition to submitting a complete application, all companies must be registered and in good standing with the Iowa Secretary of State.
Project description is completeProject budget is completeBusiness information is completeAll questions / sections completeIP section complete (include patent filing receipts, & trademark / service mark serial number if applicable)Capitalization plan / table is complete
Supporting Documentation / Attachments
All of the following attachments are REQUIRED for complete application, please include them with your submission:

A1 Business Plan

At a minimum, include:

Marketing study
Feasibility study
Projected profit and loss statements for three years into the future
Project budget
Production operations
Management structure
Personnel needs
Descriptions of product or process
Status of product/process development
Patent status, filing receipts, trademark/service mark serial number, etc. (if applicable)
Any information listed above not included in the business plan should be submitted as supplemental information via a separate attachment.
Business Plan*

Limit 1 file
Cancelof
A2 Financial Information – using QuickBooks or similar software is recommended

Profit and loss statements; cash flow statements and balance sheets for past 3 year-ends
Current YTD profit and loss statement and balance sheet
Schedule of aged accounts receivable
Schedule of aged accounts payable
Schedule of other debts
Explanation of significant financial transactions
Projected profit and loss statements for three years into the future (can be pulled from Business Plan)
Financials*

Limit 12 files
Cancelof
Competitive Matrix*

Limit 1 file
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An example competitive matrix can be found below:

* denotes required field
The undersigned commits to full participation in the Iowa Go-To-Market Accelerator program if accepted:*

Clear
Name*

First NameLast Name
Title*
Company*
Should be Empty:

Iowa G2M Accelerator Application

Application Process

Application Attachments Required

Application Instructions

Applicant Information

Stop Here.

Preparer Information

Business Overview

Personnel Information

Previous Accelerator Program Information

Company Information

Application Checklist

Supporting Documentation / Attachments