As pointed out in the PSF Staging section, SciVentures has a preferred first interaction approach. This involves an in-person interview with the lead inventor(s)/innovator(s) from an eligible institution – or from multiple institutions.

After a successful first meeting, the inventor (or inventor group) from the eligible institution(s) will be invited to complete a SciVentures investment application.

However, additional meetings and workshops with the inventor or inventor group may be required to define the investible opportunity completely, in certain cases. SciVentures will advise on these steps, if and when required.

SciVentures Investment Application

Turnaround Commitment

SciVentures is committed to turn around an investment application within 45 days of receipt.

Once SciVentures makes a provisional decision to invest, the potential investee will be provided with a terms sheet for consideration.

Following the potential investee’s acceptance of the terms sheet, within 30-45 days, SciVentures will finalise its commitment in terms of a formal agreement for investment.

Next Stage Investment Request

SciVentures expressed commitment to invest will be provided for all three stages of its process.

However, SciVentures continued investment from stage-to-stage will be subject to the satisfactory completion of all requirements in any one stage and to SciVentures acceptance of the continued attractiveness of the opportunity as an investment proposition.

Thus, stage-to-stage commitment to continued investment will be subject to a formal review of the progress of the investment by the SciVentures Investment Committee.

After successful completion of all of the SciVentures three stage requirements, SciVentures will support the successful invested entity in the development and implementation of a strategy through which it can achieve continued, later-stage investment capital.

Agreement to Fund

Once the SciVentures Investment Committee positively considers the funding of a project with a potential investee, discussion regarding the term sheet for the investment is undertaken.

Request for Additional Information

Alternatively, SciVentures may require additional information from a potential investee before deciding upon any initial investment.

Furthermore, it may require additional information from an ongoing investee before permitting that investment to progress from stage-to-stage within the SciVentures process. It is likely that both verbal and written feedback may be required under such circumstances.

Rejection

SciVentures reserves the sole right to determine whether to continue or to begin an investment in any single opportunity.

Under circumstances where SciVentures declines to invest, or to continue to invest, SciVentures undertakes to provide the potential investee with a full rationale for its investment decision within 30 days of that decision.

Agreement to Transition to Next Stage

The SciVentures investment committee also reserves the sole right to determine whether to progress a current SciVentures investment opportunity from stage-to-stage in the SciVentures process.

A positive decision to progress an investment to the next stage will be provided to an investee within 3 days of the investment committee meeting at which the investment is considered.

Such a positive decision will also incorporate feedback on any needed revisions to milestones and requested timing of all steps within the next investment stage.

SciVentures is willing to consider any appeal against any negative decision made by the investment committee, provided that the investee provides its SciVentures project manager with a compelling reason for reconsideration. Such reconsideration will occur at the first scheduled meeting of the investment committee, after the project manager advises SciVentures of this appeal.

Agreement to Seek Additional External Capital

A SciVentures investment that has not been progressed into the next stage, may decide to seek capital from another pre-seed (or other) capital provider. SciVentures will generally be very supportive of such approaches to continuation.

In other circumstances, it may be necessary to seek co-investment to properly progress later stages of the SciVentures pre-seed 3-step process, as has been discussed above. Such additional investment could be required to fully support prototyping, (pre-) clinical trials, etc., that could be needed to bring an investment to readiness for next round investment capital raising.

Any co-investment or external capital investment approach will be subject to joint agreement by the management board of the investee and SciVentures.

Should you require further assistance during completion of the downloadable application, please contact SciVentures: