Venture Services

1. We do not accept unsolicited business plans for any reason. If you send a complete plan that we have not requested, it will be refused.
   
   
2. We rarely, if ever, work directly with first-round seed capital (if you represent a seed stage company, see options below). Since our business model is largely based on success fees, we prefer to place second round or later finance . this helps us stay in business.
   
   
3. Only apply if you have an innovative, commercial-ready product or service in one of these arenas:
   

1. Renewable energy or fuels (e.g., wind power, innovative solar projects, bio-fuels, etc.). Project finance is usually preferable to ventures seeking commercialization capital.
   
   
2. Biobased or advanced, renewable/biodegradable materials -- these products typically use agricultural base materials to replace and conserve petroleum-based chemicals or polymers. Nanotech innovation are a particularly interesting "disruptive" advent.
   
   
3. Affordable or "green" real estate ("green building") development and investment projects.
   
4. Water purificiation, desalinization, or other resource management and conservation technologies.

These categories change roughly twice each year. Check back if your product or service does not fall into one of these categories. You can still submit an application, but don't be surprised if we say "not our priority" at this time. If you are not commercial-ready (you have an idea for commercialization) feel free to contact us for later rounds of funding or for other services.

NOTE to seed stage companies: We do NOT provide seed capital directly, but we know who does. In3 has invested all available seed funds in other ventures through late 2006. Check back in early 2007.

Our investors often appreciate companies that integrate a "triple bottom line" (3BL, whole systems, sustainability) approach - that is, economy, ecology, and social equity approaching balance. Cradle to Cradle business models are also given preference. If not, your intellectual property / technology, business plan and presentation must be that much stronger.

1. Review application guidelines and services available to entrepreneurs
   
   
2. Provide a Company Overview using the application form. The Company Overview is submitted via our Website for review by our evaluation team.
   
   
3. Support your application: If we request it, and you already have a written business plan, we may follow up and ask for your executive summary and other materials that investors would want to review as part of their consideration of your company's request for funding. In particular, you should perform an internal audit to be prepared to answer questions that investors will pose. Refer to the criteria for meeting investor expectations.
   
   
4. Phone conference or Meet Face-to-Face: If we believe your company would be of interest to our Investors, we will set up a telephone or in-person meeting. At this meeting, you will give a brief presentation about your management team (and boards of directors and advisors), the size of the target market, your competition, your product or service, and financial projections. We will give you our presentation about the services we provide. We will also spend some time asking you questions and answering your questions.
   
   
5. Become an In³ listed venture: If your company meets the criteria of our capital sources, and passes our evaluation, we will invite you to become a listed portfolio company. After legal review of the documents, we sign the necessary agreements detailing our mutual responsibilities, business terms, and conditions. Once the paperwork is complete, you become a portfolio company with full access to our resources and services.

How We Work with Seed Stage Ventures

Though we generally do not work with seed stage companies on a commission only basis, there are several ways that we can work together. These include, but are not necessarily limited to the following:

• For ventures we consider "strategic," representing low enough risk and a high value proposition, we may partner to create strategic alliances, identify joint venture opportunities, assist with commercial proof-of-concept (customer contracts), or other services. These arrangements are rare, and usually accompanied by ...
  
  
• A fee-for-services agreement to partner with In3 to prepare the business plan and presentation.
  
  
• When there is a fee-for-service arrangement, we will sometimes defer our venture development expenses until sufficient cash flow has been generated.
  
  
• When a venture contracts with In3 to assist with capital resources that are substantially greater capital than just the initial seed round. This may require exclusive In3 representation for a given period or amount of capital.

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