| Advised by a professional start-up advisor |
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| Valuation is set by the co-investor or incubator |
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| Co-investor or incubator will be members or observers to the board |
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| At the closing, an incubator, accelerator, or studio will have shares |
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| At the closing, the entrepreneurs have contributed a minimum of €15,000 in cash in exchange for shares |
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| Raised €10,000 during a private phase |
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| At the closing, a professional co-investor will have invested at least €25,000 |
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| Prior fundraising in equity or convertible loan with 10 or more investors |
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| Seasoned entrepreneurs |
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| Minimum 2 active entrepreneurs |
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| Valuation set by an organisation specialized in valuations of comparable size |
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| Valuation is less than €1 million or 10x last year’s turnover |
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