Step 2: Create an Effective Business Plan
An effective Business Plan typically answers the following eleven questions:
01) What is your business?
02) What is your business model (primary source of revenue)?
03) Which needs are you fulfilling or which problems are you solving?
04) Who are your competitors?
05) Who are your customers?
06) What is the status of your business?
-idea forming
-business developing
-ready products or services
-start to have income
-having considerable income and looking for business expansion
07) How much money do you hope to raise?
08) What is your target valuation?
09) Who are your current investors?
10) Where is your company's headquarter?
11) Management Team Introduction
Step 3: Business Plan Submission
Please email your Business Plan to
Kelly@bitlifesciences.com and we have dedicated personnel handling this account.
Step 4: Review Process
Once we receive your Business Plan, we will send it to investors for reviewing and discussing the findings. If the Business Plan seems to be a potential fit, we will arrange a face to face meeting for you with investors.
Step 5: Term Sheets and Funding
In the event that your plan is accepted, a term sheet will be offered to you. After the agreement has been reached on the term sheet, it takes three to four weeks to complete the due diligence and the legal documents. If no doubts, you will have further contacts with desirable investors.
Project submissions are due online by April 1, 2008
However, we will begin accepting proposals and filling sessions beginning on Oct 8, 2007. The earlier you send in your presentation, the greater likelihood that it will be accepted.
If you have questions about the submission process, please contact Sean Song at
sean@bitlifesciences.com . For general conference information, please contact Kelly Wang at
Kelly@bitlifesciences.com