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Getting affiliated to i4G |
 | Getting affiliated to i4G According to the affiliation process to i4G, interested parties should submit their Business Plan to the Incubator Director, who first ensures the fulfilment of the typical criteria. Thereafter, the Business Plan of the potential Incubatee, is given for assessment to the Scientific Board. Representatives of the interested scheme have the opportunity to present their Business Plan to members of the Board. During a final Board meeting all affiliation criteria are evaluated by the Board Members and a final decision is reached. On a positive Scientific Board' s decision the firm should submit the detailed Application for Admission so that all practical issues can consequently be sorted out. |  | Criteria The following criteria are taken into consideration, during the assessment of an entrepreneurial proposal : | Typical criteria - Firms still in their earlies
- Recent presence in the market
- Innovative entrepreneurial activity
- “Knowledge Intense” activity section
- Legal status
| Essential criteria - Competitive Product
- Technology level of both products and services provided
- Shareholders' reliability and commitment to the firm
- Managerial qualities (expertise and know-how, professional maturity)
- Dividend assessment
- Flexible exit procedures
- Internal Return Rates (IRR)
- Payback period
| After completion of the evaluation, the potential incubatee is informed on the decision made. If the Scientific Board official opinion is positive for the firm, the potential entrepreneur will have to submit the Application for Admission to i4G. i4G evaluates the needs for office space and equipment and makes sure that companies will settle effectively and with no time delays. The affiliation process is finalized with a bilateral Contract approval. |
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