ELIGIBILITY GUIDELINES
Team Composition
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1-5 members
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members must be enrolled full-time at a participating institution (see also institutional contacts or check eligibility)
Student-Venture Ownership & Control
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team members must collectively own ≥ 20% of total equity (if allocated)
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team members must control ≥ 51% of voting rights
Revenue Generation
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minimal revenue generation allowed
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excessive revenues will be evaluated on a case-by-case basis by the WVIBMC
External Investment
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no more than $100,000 will be allowed
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sources: friends/family, debt, equity investments and accelerators
Type of Venture - ventures cannot be:
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a buyout
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an expansion of an existing company
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a real estate syndication
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a tax shelter
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a franchise or licensing agreement
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a spin-out from an existing corporation