Avalon Innovation Center Entrepreneur Fund

AVALON INNOVATION APPLICATION PROCESS

 

Out of every crisis comes opportunity.  And out of this crisis Avalon is proud to be a part of seeding those opportunities.

Requirements:

  • All initial applications must be received by 5:00 PM EDT electronically on April 17, 2020. Any applications received after this deadline will not be considered.
    • THE INITIAL APPLICATION PERIOD HAS PASSED, all applications will receive a follow-up email within the next 2 weeks with the next steps.  If you missed the deadline, but would still like to receive information on opening up in The 5th Floor, please email Info@AvalonParkGroup.com.
  • To be eligible for awards, investment opportunities MUST be started, expanded and/or relocated to Avalon Park.

Review & Evaluation Process:

  • Initial Application must be submitted no later than April 17, 2020, EST.  COMPLETE
  • The review committee will review the initial application received by the deadline by April 30, 2020.
  • The committee will create a shortlist of semi-finalists for award.
  • Semi-Finalists considered for award will be notified by Avalon Park Group May 1, 2020 and invited to submit a formal package.
  • The formal packages will be due no later than 5:00 PM EST May 15, 2020.
  • Formal submissions will be reviewed by May 31, 2020.
  • Finalists will be notified by Avalon Park Group June 1, 2020.
  • Finalists will be invited to make an in-person or virtual presentation to the review committee between June 15-30, 2020.
  • Final awards will be made July 17, 2020.

Contact Award Announcement

Awards:

  • Total award funds to be awarded are one million ($1,000,000.00) dollars.
  • Awards may be made in cash and in kind including but not limited to:
    • Cash investments
    • Business loans
    • Office space
    • 5th Floor Pro-Working Membership(s)
    • Expert consulting (CPAs, MBAs, legal, marketing, etc.)

International Review Committee

  • Beat Kahli, Avalon Park Group (Orlando)
  • Christoph Stutz, sitEX AG (Switzerland)
  • Carol Ann Dykes Logue, University of Central Florida (Orlando)
  • Andreas Derzsi, sitEX (Singapore)
  • Kirby Parsonage, Sumner Capital (Australia)
  • Marybel Defillo, Avalon Park Group (Orlando)
  • Marta Pierluisi, The 5th Floor, Puerto Rico

Formal Application Submittal Package: (By Invitation Only)

  1. Contact Information for Applicant(s)
  2. A summary of the proposed business, expansion or relocation
  3. Summary of any prior applicable business experience as it pertains to the proposal
  4. Any existing company background in the case of expansion or relocation
  5. Copies of any operating agreements, if applicable
  6. Any existing patents, copyrights, etc.
  7. Business Plan
  8. Projects and/or Financial Statements to include at a minimum:
    1. Revenue Projections
    2. Expenses
    3. Cash Flows
    4. 2 Years of Tax Returns (if available)
    5. Balance Sheet
    6. Any Outstanding Loans or Obligations
  9. Evidence of Corporate Registration (if available)
  10. Resumes & Qualifications of Owners and Management Team
  11. Summary of Requested Funding
  12. Summary of what/how funding will be utilized
  13. Appendix – any other information the applicant would like to provide the supports the application can be included as an appendix to the application

All documents are to be submitted in a single package no later than May 15, 2020, 5 pm EST to:

Avalon Park Group
3680 Avalon Park Blvd., Ste. 300
Orlando, FL 32828
info@avalonparkgroup.com
407.658.6565