Submission Requirements
A. Initial Review
- Mission/goals
- Products/services
- History
- Biographies of key management
- Number of employees (current and projected)
- Location(s)
- Ownership structure
- Board of Directors and/or Board of Advisors
- Customers/clients (current and projected)
- Competitors
- Competitive advantages (e.g., patents, resources, relationships)
B. Market/Industry Overview
- Size of market: dollars, number of companies (include current, historical, and projected data)
- Trends (e.g., product developments, regulatory environment)
- Barriers to entry
C. Financials
- Three years of historical financial statements including annual income statements, balance sheets and cash flow statements
- Sources and uses of financing to date: debt, equity, grants
- Five years of projections including annual income statements, balance sheets and cash flow statements and assumptions driving projections
D. Request to NYCIF
- Financing request
a) Amount requested
b) Timing
c) Proposed structure (debt, equity) - Sources and uses of proceeds (e.g., capital expenditures, marketing, staffing, product development)
- Benefit to/impact on New York City
- Proposed role of and need for NYCIF