Along with the application form a brief Business Plan is required with the following information:
- Goals of enterprise, market information, their clients, costs, cash flow predictions
- Know how, intellectual rights
- Possibility of further know how development
- Financing possibilities and guidance by experienced entrepreneurs (business angels, mentors)
- Existing or future cooperation with Universities and Research Centers in Greece or abroad
- Administration team, enterprising experience and training background
- Personal commitment of the team (very important)
- Agreement on available services by PSP for enterprising needs
Guidance for the composition of the plan is available. The general outline is the following:
CONTENTS OF A BRIEF BUSINESS PLAN
1) Summary
2) Activity Description
- Goal
- Comparative advantages
- Relation with other research foundations
3) Product / Service Description
- Comparative advantages regarding the market
- Product / service development
4) Intellectual Rights
- Patents, know how
- Constraints in entering the market
5) Market Analysis
- Size, growth rate, characteristics, sectors
6) Clients
- Categories
- Who influences the market
7) Competition
8) Management
- In the medium-long term
- Needs, personnel, motives
9) Business Operation
- Productive Process
10) Financing
- Financing Ways
- Cash flow analysis
All firms that are accepted, sign a contract (between PSP and firm), which initially lasts for twelve (12) months (trial period). After the passage of the twelve (12) month period, the business is obliged to ask for a renewal of the contract or not, submitting also a brief progress report and planning for the next period (usually 1 year). If it is judged satisfactory, then the contract is renewed for twelve (12) more months (usually). This procedure goes on for approximately 3 years, and then the possibility for the companyʼs leave is examined, especially if there is not enough area for its development. This is not obligatory and is examined by the PSP Board of Directors.
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