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Portfolio Company Selection
Due to heavy demand, becoming a Baltimore Venture Mentor
presenting company is a highly selective process. The following
procedures were established to ensure that the selection process
is equitable and efficient.
| 1. |
Submit preliminary interest
form on website |
| 2. |
Receive confirmation email and templates
including one page executive summary and SWOT form |
| 3. |
Complete template and email to Venture
Mentor Partner |
| 4. |
Set up interview with Screening Committee
|
| 5. |
Candidate information will be scored
by Screening Committee |
| 6 |
If score met the minimum standard, candidate
will be assigned a Mentor |
| 7 |
If score was low, candidate will receive
some feedback on evaluation. Candidates can revise their
business opportunity and submit again for a "Second
Chance". Candidates can only submit twice and second
result is final. |
| 8 |
Mentor will work with candidate (now
a Portfolio Company) to help them prepare for their full
BVM Board presentation which should occur within 30 days
of acceptance. |
Meeting Methodology and Protocols
| 1. |
Each new Portfolio Company (PC) has
40 minutes with the full Board. |
| 2. |
The first 20 allows for the PC to give
a presentation (no questions from the Panel during the
presentation). |
| 3. |
Question & Answer Session - 20 minutes
long |
| 4. |
Board will provide assigned Mentor and
PC their thoughts regarding tasks, strategies and milestones
for the PC. |
Post-Meeting Feedback and Process
| 1. |
Within (30 ) business days the Mentor
and PC will jointly build a reasonable and agreed upon
set of metrics for the PC to chart progress. |
| 2. |
The Portfolio Company will execute on
the road map established by the Board and Mentor. The
lead Mentor will systematically refer the PC to various
mentors for specific expertise (channel sales, licensing,
product development, revenue forecasting, intellectual
property, etc) |
| 3. |
PC will track the meetings with and
recommendations made by BVM Board members. A copy will
be forwarded to PC's Mentor for accountability and BVM
Executive Board for review.
|
| 4. |
If Mentor feels that PC is not following
advice or in some other manner, not effectively cooperating
with the Mentoring process and therefore not going to
reach their agreed upon milestones, PC will be put on
notice (terminated). |
| 5. |
PC gets "Second Chance" to
come back to the correct path. Mentor will evaluate new
progress and determine if PC has gotten back on track. |
| 6. |
PC should be able to complete milestones
within 6 months to become a BVM Graduate. |
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