Application for Investment
To apply for investment from the Three PIllars Fund, please complete the application form, downloadable below, and return it, with your Business Plan to the Fund Manager.
Application Process
- Application for investment is made by submission of Business Plan and Application Form. These are reviewed first by the Fund Manager and by the Fund's accountant; we may ask for more details at this stage.
- We pass the application our Technology Sponsors – the regional Centres of Excellence - who will review and advise on the technology’s business potential.
- Typically there will then be one or two meetings between Applicant and Fund Manager, where we review the application in light of the Application Form, further information supplied and due diligence undertaken by the Fund Manager and team.
- Finally, the Fund Manager refers the application to NStar’s investment committee, who will decide formally whether or not the application should receive investment.
Download the Application Form
Please click here to download our Application Form.
Offer of Investment
Prior to an offer of investment being made, NStar and the Applicant will agree:
- a schedule for use of the funds
- a series of objectives and milestones for the Project
- the person or body to be responsible for Project management and mentoring
Applicants will be also required to provide the following information (where available and/or applicable) before a firm offer of investment can be made:
- Financial:
- recent management accounts and audited accounts;
- details of all funding received to date;
- declaration of all state aid received in the last 3 years;
- banker’s letter, confirming status of bank facilities and balances on accounts;
- Legal:
- current Memorandum/Articles of Association;
- details of directors/company secretary;
- copies of any shareholders agreements;
- details of authorised and issued share capital (including under option) and shareholders;
- Technical:
- Written details of relevant IPR (including details of patents, outstanding applications, examinations and search reports, if any);
- Confirmation of IPR ownership including any known third party rights.
Offer of investment is by way of a formal offer letter and investment is subject to receipt of Applicant’s signature in acceptance and compliance with investment terms and conditions.
Timescale
The application process, from the date we acknowledge that your application has entered our review process, to the date we inform you of our decision, typically takes no more that 5-6 weeks. However, this can vary, depending on our due diligence requirements and also on the applicant responding to questions and providing any additional information we require in a timely manner.
 |
 |