Application for GFRS 2022

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 and 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 from 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. Among these are angel investors, private equity funds, co-investment platforms, wealth management institutions, family offices, VCs, and acceleration centres.

  • GFRS provides a unique opportunity to 100 selected startups and scaleups to pitch their businesses at World Congress of Angel Investors WBAF 2022 on 25 – 26 October 2022 in Antalya, Turkey. [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 GFRS 2022.]

  • 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.

  • The 2022 Global Fundraising Stage is supported by the WBAF Angel Investment Fund, which aims to invest in the top startups of GFRS 2022.

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

We are allocating a special area within the World Congress of Angel Investors 2022 (WBAF 2022), where 100 startups, scaleups, and high-growth businesses will each have a stand 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 2022, and we welcome applications from both types.

Startups: Promising businesses that are seeking financing but have not yet raised any outside capital from angel investors, venture capital firms or other formal sources of seed funding. 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 2022 link. This link will go live on 1 July 2022. Please remember to click on ‘Submit’ to ensure your application is sent. Application link: www.wbaf2022.org/GFRS2022

Timeline for applications
1 July 2022           Applications officially opens online
15 October 2022 Application deadline  

Businesses that are accepted for GFRS 2022 will be notified by email. The category designation will be indicated in the acceptance mail.

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 for the startups and scaleups of the Global Fundraising Stage (the next one is on 26 October 2022 in Antalya, Turkey). The WBAF Angel Investment Fund’s 2022 and 2023 deal flow will be generated from GFRS 2022.

PART C: The GFRS 2022 Package for Startups

Each startup, scaleup, or high-growth business selected for participation in GFRS 2022 will pay a booking fee of €750, €700, or €650, depending on the category. There will be an additional €500 fee for each additional team member beyond two founders. The GFRS 2022 Investors Committee will score the applicants and designate the category (A, B, or C) for each. The categories are described below:
Category A: includes pitching to investors on the Global Fundraising Stage on 26 October, an Exhibition Booth on 25 and 26 October at the World Congress of Angel Investors, and two Standard Pass WBAF 2022 Congress Tickets for the co-founders. Package Fee: €750.
Category B: includes an Exhibition Booth on 25 and 26 October at the World Congress of Angel Investors and two Standard Pass WBAF 2022 Congress Tickets for the co-founders. Package Fee: €700
Category C includes one Standard Pass WBAF 2022 Congress Tickets for one of the co-founders. Package Fee: €500

Part D:    Applying for and booking GFRS 2022

Step 1: Application

  • All applications must be submitted in English.
  • Applications will be not be accepted after 15 October 2022.
  • Applications will be accepted online only. Offline applications will not be considered. The application link for GFRS 2022: www.wbaf2022.org/GFRS2022
  • 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: Scaleups must be incorporated and have received investment from an angel investor, a private equity, or a VC.
  • Industries of particular interest to investors include but are not limited to the following: Aerospace, AI, Agriculture, Biotechnology, Blockchain, Business Products, Business Services, Chemicals and Chemical Products, Clean Technology, Computers and Peripherals, Construction, Defense, Digital Marketing, E-commerce, Education, Electronics and Instrumentation, Fashion, Financial Services, Fintech, Gaming, Healthcare Services, HR, Industrial Energy, Internet and 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.

Step 2: Acceptance

  • If selected, you will receive an official Letter of Acceptance confirming that you have been accepted for GFRS 2022 and/or the World Congress of Angel Investors (WBAF 2022). The acceptance letter will include information about the next steps.
  • Startups applying for GFRS 2022 will be scored by the GFRS 2022 Investors Committee and placed in one of three categories (A, B, or C as described in Part C). The acceptance letters will indicate their category, which determines in which capacity they can join WBAF 2022 and GFRS 2022.
  • We are aware that many excellent startups will apply for GFRS 2022. 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 the logistics for 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.wbaf2022.org/ticketing


Part E: Stages & Timeline for GFRS 2022 and the WBAF Angel Investment Fund

Stage 0: 1 July 2022 – 15 October 2022
The online application platform is open to receive applications from around the world. www.wbaf2022.org/GFRS

Stage 1: 1 July 2022 – 15 October 2022
The GFRS 2022 Investors Committee scores applications online on the platform. WBAF sends Acceptance Letters to applicants who are eligible for WBAF 2022 and/or GFRS 2022.

Stage 2: 26 October 2022
100 selected startups and/or scaleups pitch on the Global Fundraising Stage.

Stage 3: 26 October 2022
Startups are ranked by the WBAF Angel Investment Fund. The Executive Investment Committee of the WBAF Angel Investment Fund (WBAF Fund) announces the startups or scaleups for next steps and official due diligence.

Stage 4: 27 October – 30 November 2022
Startups announced at the end of the GFRS 2022 on 26 October propose their local co-investor(s).

Stage 5: 30 November 2022 – 31 January 2023
The WBAF Fund conducts a due diligence on co-investor(s) that have been proposed by the startup, and approves (or rejects) co-investor(s). The Fund signs a Memorandum of Understanding (MOU) with approved co-investor(s) for next steps. Startups will proceed with next steps only if an MOU is signed by the co-investor(s) and the Fund. Please note that GFRS is a co-investment platform for cross-border investments. The Fund does not move to the due diligence stage without a local co-investor. Co-investors should (1) be a qualified angel investor with a good track record, (2) speak fluent English, and (3) reside permanently in the same country as the startup venture.

Stage 6: 1 February 2023 – 31 March 2023
The Fund conducts the due diligence stage of the startup venture in cooperation with the approved co-investor. The WBAF Fund moves to the next stage only if the official due diligence report is positive.

Stage 7: 1 April 2023 – 30 May 2023
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.

Stage 8: 1 June 2023
The WBAF Fund sends investment proposal to the co-founders of the startup venture. The proposals include the terms and conditions and other investment conditions,.

Stage 9: 1 June 2023 – 30 June 2023
The WBAF Fund discusses the terms with the startup venture co-founders to agree on the final terms. The WBAF Fund moves to the next stage only if the WBAF Fund and startup venture agree on the shareholders agreement and the investor terms agreement.

Stage 10: 1 July 2023 – 31 August 2023
The WBAF Fund calls for raising funds for the agreed amount of investment for the startup venture. The WBAF Fund moves to the next stage only if the WBAF Fund raises the agreed capital for the startup venture.

Stage 11: 1 September 2023
The term sheet is signed by the WBAF Angel Investment Fund and the startup venture. Official investment registration process will be completed. The WBAF Fund will transfer the capital to the bank account of the startup venture. The co-investor transfers his/her/their capital to the bank account of the startup as well.

The WBAF Fund moves to the next stage only if all processes are completed. For example, if a co-investor fails to send their capital to the startup venture, or if the term sheet / shareholders agreement / investment agreement is not signed, or if official local process are not fully completed, the WBAF Fund will not proceed with the next step.

Please note that the WBAF Fund is responsible for its investors, so must complete all processes fully before sending capital as an investment. This stage has no definitive last date, because all these procedures may change from country to country. However, if all processes are not completed by 31 December 2023, the WBAF Fund will withdraw from the investment and will send the raised funds back to Fund’s investors.

Stage 12: not later than 31 December 2023
The WBAF Fund announces the investment through an international press release.

 

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!