The Stage2 Business Accelerator plans to focus on recruiting member companies that meet most or all of the following criteria:
-
Management with meaningful equity stakes
- Full
time management team with at least 2 employees
- Companies
with a superior competitive position in a defensible market niche
- A
focused Business Strategy that promotes company growth
- A
defined Product (Service company's must define its service product)
- Minimum
projected annualized revenues of approximately $250,000 for the coming 12 month
period
- A
formal Business Plan with the business elements detailed in Attachment "A"
responded to and the Questions in Attachment
"B" answered
- The
management environment of understanding their support needs and seeking professional
business support
- The
willingness of management to accept a focused "36 Month Business Roadmap
for Success" developed in conjunction
with its Advisory Board
- The
willingness of management to develop an Advisory Board comprised of senior management
members. Management will report at least quarterly to the Advisory Board on the
Company's progress on its Business Plan Roadmap.
- Growth
focused business model with ability to attract capital; and the alignment of interests
with management and other significant investors
- Companies
generating predictable operating cash flow with low technology and market risk
- Repayment
of current and future debt is not dependent upon future growth
- Willingness
to exit the Business Accelerator at the end of 3 years
- Financial
picture modeling structure which provides for reasonable margin for error
- Diversified,
stable customer / payor base
- The
entity has until the beginning of its next calendar year to make the transition
to a C corporation. The purpose of this requirement is to position the entity
for potential capital expansion. Members of the accelerator are to be considered
C corporation tax entities (filing annual corporate income tax Form 1120). The
member can be incorporated
or a limited liability company electing to be taxed as a "C" corporation.
- Will
provide a certificate of insurance for business liability, errors and omissions
and other appropriate coverage within their industry (see Attachment "C".
This will be fully defined in the member contract.
- Must
be a member of a Fulton County Chamber of Commerce.
- Special
Consideration will be provided to Companies in the following industry areas:
Healthcare Services
Security-related Software products and services
Financial Services (including Insurance and related services)
Biopharma products
Telecom Services
Please download a copy of the Stage 2 Criteria and Evaluation form.