Startup Guide Graz

Page 222

investors

SFG

- Be a savvy and resilient entrepreneur or team of entrepreneurs. You must be based in Styria, be willing to work hard towards your objectives, and be determined to get through lean periods. - Have an innovative product or service. Your product or service must be new or significantly better than existing alternatives while also providing an exceptional benefit for future customers. - Have a scalable and fast growing business model within a good market. You should hold a technology readiness level (TRL) of at least six to seven. - Be in contact with coinvestors if you’re aiming for Venture Capital Offensive funding. They should be willing to invest in your idea or an investment offer should be highly expected.

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