Process

The purpose of this white paper is to describe the process of receiving, reviewing,
and funding innovative ideas through Helix Business Incubator. We will try to
present this process through various steps. This process assumes that the idea
goes through all stages of development. Helix and/or the inventor reserve the
right to withdraw from this process at any time prior to the signing of the contracts.

STEPS	DESCRIPTION	TIME	PRIMARY RESPONSIBILITY
1	The inventor-entrepreneur forms an idea which he believes can yield an interesting and possibly profitable business venture.	Variable	Inventor-Entrepreneur
2	Establish contact with Helix Business Incubator and schedule a meeting to discuss the idea. If the entrepreneur wishes to sign a Non Disclosure Agreement we will be happy to provide this facility.	1 week	Inventor-Entrepreneur
3	During the initial meeting the idea is discussed and initial opinions are formed regarding the potential viability of the idea.	2 weeks	Inventor-Entrepreneur + Helix
4	Inventor/Entrepreneur gets ready to prepare an executive summary for the proposed idea. This executive summary should present a clear outline for the proposed idea including some basic market and financial information.	2-5 weeks	Inventor-Entrepreneur
5	All parties get together to discuss the executive summary and decide if the business idea warrants a full business plan.	2 weeks	Inventor-Entrepreneur + Helix
6	Full business plan is developed by the inventor with some assistance from the Incubator. This stage includes various review meetings to address possible business plan issues.	3-10 weeks	Inventor-Entrepreneur
7	Validation of the business plan concept. Validate financial information and assumptions made in the plan.	1-4 weeks	Helix
8	Perform a valuation analysis and determine the equity position for all parties.	3-10 weeks	Helix
9	Negotiate equity position, ownership structure, and management organization.	2-3 weeks	Inventor-Entrepreneur + Helix
10	Complete fund application and submit.	1-3 weeks	Inventor-Entrepreneur + Helix
11	Government review panel meeting	Variable	Government
12	Project Approval.	Variable	Government
13	Company registration	1 week	Helix
14	Start daily operations.	N/A	Inventor-Entrepreneur + Helix

The inventor/entrepreneur is responsible to develop an executive summary, business plan, and grant application.
The incubator will assist during this process but the inventor-entrepreneur has primary responsibility.

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