Application Requirements

In order to be considered, applications must at least fulfill the following requirements:

• Technological maturity: first-generation product in development
     -  Better: product in initial production, being sold on a commercial basis
• Market acceptance: key partner or customer in place
     -  Better: contract(s) signed with anchor customer, testing by several
        potential end users
• Management team: strong domain/market expertise
• Revenue: ability to generate revenue of €1 million within a year and potentially €50+ million within 4-5 years with good margins