PUBLIC APPLICATIONS FOR SPRING 2020 ARE NOW OPEN
Where is InNEVator located?
Reno, Nevada at The InNEVation Center. All companies must be present to participate.
When does the program occur?
Once in the Spring and once in the Fall. Follow RenoInNEVator.com for updates.
How many companies are usually selected per program?
Three to five companies are usually selected per program. We choose the right companies, not a specific number.
What’s the deal?
Each company will provide notes or equity in exchange for a minimum cash investment of $20,000. In addition, to help cover our costs to put on this program, each company will provide notes or equity in exchange for $15,000 equivalent of in-kind services. In reality, we spend twice this amount on each company.
Do we need to be a US C-Corp?
Our preference is to fund companies that are C-Corps, but we have put together funding instruments that allow for incorporation during the program. We have also invested in some non-US companies that have the equivalent structure of a C-Corp.
How will you value our company?
Depending on the status of the company, the valuation or cap can range between $800k and $3.5M. At the higher end, we need to see investment from accredited investors to back up the valuation. We strive to make a deal that works for everyone.