Application for GFRS 2021

Global Fundraising Stage (GFRS)

The Global Fundraising Stage (GFRS) is an international co-investment platform for investors, startups, scaleups and high-growth businesses which are aiming to globalise by raising funds from qualified investors.

- The GFRS aims to create a high-quality portfolio with some of the world’s most promising startups, scaleups and, at the same time, create opportunities for co-investment and follow-on investments. The GFRS also connects top startups with the best angel investors, making it possible for the startups to benefit not only from the investment but also the know-how, mentorship and networks of qualified investors.

- The GFRS is designed to capitalise on the worldwide growth in entrepreneurial activity and venture financing for startups and scaleups and to benefit from WBAF’s extensive network of global investors, which includes angel investors, private equity funds,co-investment platforms, wealth management institutions, family offices, VCs and acceleration centres.

- The 2021 Global Fundraising Stage is supported by the WBAF  Angel Investment Fund, which aims to invest in startups of the GFRS 2021. It will provide a unique opportunity to 100 selected startups and scaleups to pitch their businesses on WBAF’s Global Fundraising Stage at its virtual World Congress on 15–21 February 2021. [It is important to note that the WBAF Angel Investment Fund is  only one of many investors and investing institutions that will be present at the GFRS 2021.]

- The mission is to showcase the world’s top startups and scaleups, which, typically, are funded companies in the process of raising €50K – €3M, with the aim of globalising.

1.Part A: About the Global Fundraising Stage – GFRS2021

2.Part B: About the WBAF Angel Investment Fund

3.Part C: Application, acceptance, and booking for the GFRS2021

4.Part D: Timeline for GFRS2021 and the WBAF Angel Investment Fund
 

PART A:

The Global Fundraising Stage (GFRS) empowered by the WBAF Angel Investment Fund

The Global Fundraising Stage (GFRS) is an international co-investment platform for investors, startups, scaleups and high-growth businesses which are aiming to globalise by raising funds from qualified investors.

- The GFRS aims to create a high-quality portfolio with some of the world’s most promising startups, scaleups and, at the same time, create co-investment opportunities and follow-on investments. The GFRS also connects top startups with the best angel investors, making it possible for the startups to benefit not only from the investment but also the know- how,mentorship and networking of qualified investors.

- The GFRS is designed to capitalise on the worldwide growth in entrepreneurial activity and venture financing for startups and scaleups and to capitalise on WBAF’s extensive network of global investors, which includes angel investors, private equity funds, co-investment platforms, wealth management institutions, family offices, VCs and acceleration centres.

- The 2021 Global Fundraising Stage is supported by the WBAF Angel Investment Fund (see Part B for details) , which aims to invest in startups of the GFRS 2021. It will provide a unique opportunity to 100 selected startups and scaleups to pitch their businesses on WBAF’s Global Fundraising Stage at its virtual World Congress on 15 – 21 February 2021. [It is important to note that the WBAF Angel Investment Fund is only one of many investors and investing institutions that will be present at the GFRS 2021.]

- The mission is to showcase the world’s top startups and scaleups, which, typically, are funded companies in the process of raising €50K – €3M, with the aim of globalizing.

GFRS 2021

We are allocating a special area within the virtual World Congress of Angel Investors 2021 where 100 startups, scaleups, and high-growth businesses will each have a virtual stand  area to showcase their business. They will thus have exposure to highly qualified angel investors, family office executives, co-investment fund managers, angel investment group directors, corporate venture executives, accelerator executives, technopark investment directors, venture capitalists and members of the WBAF Executive Investment Committee of the WBAF Angel Investment Fund.

If you are an entrepreneur or an institution such as a technopark, incubation centre, co-working centre, or accelerator who would like to promote deals across borders and who is looking for additional rounds of funding or new partners for international growth, we encourage you to learn more about how your business can benefit from this unique opportunity.

Who should apply

There are two types of entrepreneurs on the GFRS 2021 and applications from both categories are welcome.

Startups: Promising businesses that have not yet raised any outside capital from angel investors, venture capital firms or other formal  sources of seed funding who are seeking a finance. They need between €50K and €500K to scale up.

Scale-ups: Typically, these are companies that have received funding from angel investors or VCs and who are now raising €500K – €3M with the aim of internationalising.

Application

Applications will be accepted online only through a special GFRS 2021 link. This link will go live on 1 December 2020. Please remember to click on ‘Submit’ to ensure your application is sent.

Timeline

1 December 2020         Applications officially opens online

15 January 2021           Application deadline   

Weekly acceptance letters emailed with category designation for the 15 - 21 February 2021 WBAF 2021 and GFRS 2021

 

PART B : The WBAF Angel Investment Fund

An affiliated partner of the G20 Global Partnership for Financial Inclusion (GPFI), the World Business Angels Investment Forum (WBAF) aims to ease access to finance for businesses from startup to scaleup to exit, with the ultimate goal of generating economic development, jobs and more social justice worldwide.

To achieve this goal, in addition to business angels and private equity funds investing in startups of the GFRS, WBAF launched an angel investment fund (the WBAF Angel Investment Fund), which is an international co-investment platform to invest in the startups and scaleups of the Global Fundraising Stage ( next one is GFRS 2021).

The WBAF Angel Investment Fund’s  2021 deal flow will be generated from the GFRS2021. And it is anticipated that (a) the Fund will invest in 10 or more startups, depending upon the total amount of capital committed and that (b) no more than 10% of the Fund’s amount will be invested in any one company.

The GFRS 2021 Package

Each startup or scaleup or high-growth business selected as one of the GFRS 2021 will pay a special GFRS booking fee. For each additional team member beyond two founders, an additional fee of €300 is applied.

 

Category A:
Pitching to investors and Virtual Stand and 2 Congress Tickets
600 EUR

 

Category B:
Virtual Stand and 2 Congress Tickets
550 EUR


Category C:
2 congress tickets only
500 EUR

 

 

 

Part C:    Applying for and booking GFRS 2021

Step 1: Application

All applications must be submitted in English.

Applications will be not be accepted after 15 January 2021.

Applications will be accepted online only. Offline applications will not be considered.

For startups: Startups need not be incorporated, but an incorporated company can only compete if it has been incorporated for not more than 12 months at the time of application.

For scaleups: Scale-ups must be incorporated and have received investment from an angel investor, a private equity, or a VC.

Startups and scaleups are invited to download the Guidelines for Startups and Scaleups on the Global Fundraising Stage 2021 to learn more about the application process:
Guidelines for Startups and Scaleups on the Global Fundraising Stage

 

Industries of particular interest to investors:

Aerospace
AI
Agriculture
Biotechnology
Blockchain
Business Products
Business Services
Chemicals and Chemical Products
Clean Technology
Computers and Peripherals
Construction
Defense Industry
Digital Marketing
E-commerce
Education
Electronics / Instrumentation
Fashion
Financial Services
Fintech
Gaming
Healthcare Services
HR
Industrial/Energy, Internet / Web Services
IT Services
Legal Services
Logistics
Manufacturing
Marketing
Mobile Technologies
Nano Technologies
Payment Systems
Renewable Energy
Robotics
Security
Software
Telecommunications 
Transportation
Tourism
VR
Wearable technologies
Other

Step 2: Acceptance

You will receive an official Letter of Attendance confirming that you have been accepted for GFRS 2021 and/or the World Congress of Angel Investors (WBAF 2021). The acceptance letter will include information about the next steps.

Startups applying for the GFRS 2021 will be scored by the Global Startup Committee and placed in one of three categories (A, B,  or C as described in Part A). Each application will receive a letter of acceptance that will indicate their category, which determines in which capacity they can join WBAF 2021.

We are aware that many excellent startups will apply for GFRS. Because of time limitations, however, only 100 of them can be placed in Category A.

Note: In the event you have not received your letter of acceptance by 7 days after your application, please notify us at startup@wbaforum.org

Step 3: Booking

If you receive a letter of acceptance, you are expected to complete your booking at the link below within 5 days of receiving the letter. After you complete your booking, you will receive a message about logistics of your participation

To guarantee participation, you are expected to complete your booking (see the link below) within 5 days of receiving your letter of acceptance. A letter of acceptance does not guarantee participation.
The booking address: www.wbaf2021.online/ticketing

 

 

Part D: Timeline for GFRS 2021 and the WBAF Angel Investment Fund

Stage 0

The platform is open to receive applications from around the world.  
https://wbaforum.org/GlobalFund/Apply-Now/7

(1 December 2020 – 15 January 2021)


Stage 1

Jurors score applications online on the platform.

(1 December 2020 – 10 February 2021).


Stage 2

100 Startups pitch on stage.

(20 February 2021).


Stage 3

Startups are ranked. The Investment Committee of the WBAF Angel Investment Fund will plan for due diligence on the top 10 startups (and possibly more).

(20 February 2021).


Stage 4

The Investment Committee of the WBAF Angel Investment Fund announces startups for next steps and official pre due-diligence

(21 February 2021).


Stage 5

WBAF Angel Investment Executive Investment Committee conducts pre - due diligence. Startup proposes a local co-investor(s).

(22 February – 15 April 2021).


Stage 6

The WBAF Angel Investment Fund conducts a due-diliegence on proposed co-investor(s) by startup.

(16 April 2021 – 08 May 2021).

 

Stage 7

(1)  For each selected startup, The Executive Investment Committee of the WBAF Angel Investment fund decides on investment terms and conditions, valuations and other important investment conditions. The term sheet is defined at this stage.

(2)  An MOU is signed between the Co-investor (if approved by the Fund) and the WBAF Angel Investment Fund for next steps.

(3)  The lead investor is assigned by the Investment Committee.

(15 April – 31 June 2021).

 

Stage 8

The Executive Investment Committee announces the startups who will be accepted for discussing term sheet and proposal of the WBAF Angel Investment Fund.

(31 June –31 August 2021)


Stage 9

The lead investor negotiates with the startup on behalf of the WBAF Angel Investment Fund according to the investment term sheet provided KALDIR by the Investment Committee.

(31 August – 30 September 2021).

 

Stage 10

The term sheet is signed by the WBAF Angel Investment Fund and the startup venture.

(30 September – 15 November 2021).

Check please (*)

Check please is required!


QUESTIONS ABOUT YOU
 

Applicant's Name & Surname (*)
Applicant's Name & Surname is required!
Applicant's Job Title (*)
Applicant's Job Title is required!
Where Do You Live? (*)
Where Do You Live? is required!
Your Email (*)
Your Email is required!
Your WhatsApp Number (*)
Your WhatsApp Number is required!
Applicant's Linkedin URL (*)
Applicant's Linkedin URL is required!


QUESTIONS ABOUT YOUR COMPANY
 

Name Of Your Startup Venture / Company (*)
Name Of Your Startup Venture / Company is required!
Website Of Your Startup Venture / Company (*)
Website Of Your Startup Venture / Company is required!
Field Of Activity (*)









































Field Of Activity is required!
Where is your startup headquarters based? In which country? (*)
Where is your startup headquarters based? In which country? is required!
At which stage is your startup venture/company? (*)



At which stage is your startup venture/company? is required!
What year your company was founded? (*)
What year your company was founded? is required!
How much money, if any, have you raised so far? (USD) (*)
How much money, if any, have you raised so far? (USD) is required!
What is the investment size you need? Percentage offer to the investor? (*)
Sample: USD 100K for 20% (Use USD for your offer)
What is the investment size you need? Percentage offer to the investor? is required!
What is your company's pre-money valuation? (*)
What is your company's pre-money valuation? is required!
Number of full time staff your company - including you (*)
Number of full time staff your company - including you is required!
Has yout company won any awards?
If yes, please explain
Has yout company won any awards? is required!
Has your company been awarded any patents? (*)



Has your company been awarded any patents? is required!


QUESTIONS ABOUT YOUR TEAM
 

Who is/are the most important member(s) of your team? Explain why? (*)
Who is/are the most important member(s) of your team? Explain why? is required!
Who are official shareholders of your business? (*)
Who are official shareholders of your business? is required!
Who developed the business idea? (*)
Who developed the business idea? is required!
Who are in your advisory board?
Write if you have any
Who are in your advisory board? is required!
Do you have a mentor?
Write the linkedin profile of the mentor(s) if you have any
Do you have a mentor? is required!


QUESTIONS ABOUT YOUR PRODUCT
 

What kind of product are you building? (*)
What kind of product are you building? is required!
In one sentence, what are you building? (*)
Max 250 words
In one sentence, what are you building? is required!
What problem/primary use case are you solving? (*)
What problem/primary use case are you solving? is required!
What is your solution? (*)
What is your solution? is required!
Who will pay for your services? (*)



Who will pay for your services? is required!
What are these consumers currently paying (on an annual basis) to resolve this problem or satisfy this desire?




What are these consumers currently paying (on an annual basis) to resolve this problem or satisfy this desire? is required!


QUESTIONS ABOUT YOUR COMPETITORS
 

Who do you see as your biggest competitors? (*)
Who do you see as your biggest competitors? is required!
What makes you unique against your competitors? (*)
What makes you unique against your competitors? is required!


QUESTIONS ABOUT FINANCIALS
 

Is your company's cash flow negative or positive? (*)


Is your company's cash flow negative or positive? is required!
Revenue - 2019
Revenue - 2019 is required!
Revenue - 2020
Revenue - 2020 is required!
Estimated Revenue 2021
Estimated Revenue 2021 is required!


QUESTIONS ABOUT RETURN OF INVESTMENT
 

How will you spend the investment you will receive? (*)
How will you spend the investment you will receive? is required!
When do you think investor will have its investment back? (*)
When do you think investor will have its investment back? is required!
What is your assumption about the company valuation of your business five years later? (*)
What is your assumption about the company valuation of your business five years later? is required!