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Criteria

-ELIGIBILITY CRITERIA-

*Please note that our eligibility criteria have changed

  • Must have legal entity formed at the time of application (e.g. corporation or LLC)
  • Intellectual property must be owned by Northwestern
  • Focus of the new venture MUST include commercialization of Northwestern owned intellectual property subject to a license agreement with Northwestern
  • If not License Agreement, Option Agreement must be in place at time of investment
  • Meeting with N.XT Manager and INVO New Ventures Team

-EVALUATION CRITERIA-

  • Well-defined milestones to be completed within one year
  • Product/Technology potential (e.g., market size, accessibility, opportunity, business model, and value proposition)
  • Qualified team with ability to attract proper management
  • Achievable commercialization plan after N.XT

-EXPECTATIONS-

  • Agree to N.XT terms and conditions
  • Meetings with diligence team, N.XT Investment Committee, and INVO New Ventures Team
  • Record keeping for milestone progress
  • Milestone execution

-GENERAL-

  • Investment amounts are milestone based
  • Startups are evaluated on a rolling basis