|
|
As
part of the Business Review, TAP's management schedules
a presentation by the principals of the prospective company to a selected panel. The presentation should be directed to the
following persons:
- In-house
TAP senior staff
- Faculty
from the A. James Clark School of Engineering and Robert
H. Smith School of Business
- Venture
capitalists
- Senior
personnel from major accounting and law firms
- Other
outside business experts
A
meeting will be scheduled with the above panel to discuss the Business
Plan. It usually lasts from 90 to 150 minutes. Visual aids
are recommended; appropriate projection equipment will be provided.
A specific date for the review session will be arranged after
receipt of the written plan. Generally this step can be concluded
within a 10-day period following receipt of a finalized Business
Plan.
The Business Panel will provide TAP with an assessment of the company's suitability
for the Program shortly following the review. A final decision incorporating
inputs from both the Technical and Business Reviews, as well as the evaluation
of other factors, will be made by TAP management, and the company will be officially
notified of the results within a few days following the Business Review. If the decision
is favorable, the company will be invited to proceed
to the final step of the admissions process--the signing of the TAP License Agreement.
If the decision is unfavorable, the company will be briefed on the Panel's findings
and provided with suggestions for possible corrective actions that may improve
the potential for success. A re-application following corrective changes is welcome. |
