Our process
thetime invests in companies after thoroughly
investigating their business and technology.
From the time of initial contact until an investment is made,
we aim at a very short and efficient
process, based on the following steps
1Initial Contact
When approached by a start-up, and based on the materials sent,
an initial decision is made regarding an introductory meeting
2Introductory Meeting
This meeting will be a good opportunity to get to know the team
and learn about the main aspects of the venture: targeted market,
solution, technology, financial needs and commercial potential.
Following this meeting, we again convene internally to determine
whether to continue the process.
3Study
If we decide to continue, we will dedicate ourselves to the
project. We will ask the team to provide us with substantial
additional material on the company and the targeted markets in
order to study the business plan. Sometimes, we will invite you to
meet our advisors.
4Investment Committee Approval
After the study process and when completing those investigations
to our satisfaction, we will decide whether to pursue the deal and
present the venture to the approval of our Investment
Committee.
5Term Sheet
Based on the approval of the Investment Committee, we will
provide you with a term-sheet that summarizes the investment
terms.
6Office of the Chief Scientist (OCS) Approval
Once a term-sheet is signed, we apply (together with the
company) for an approval of the project by the OCS.
This phase involves submission of forms and an investigation by
a project evaluator appointed by the OCS.