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Evaluation Process 

VA utilizes the following evaluation process to choose new portfolio companies:

As the creation of new technology enterprises is an intense, time-consuming activity, VA can use its services, network and other resources to assist only a few companies at a time. While application to VA initiates a thorough review of a new company's potential, therefore, it by no means guarantees selection. While exclusive, VA's detailed screening process ultimately adds the credibility admitted companies will need as they embark upon commercial product development, customer solicitation, and ultimately fundraising and recruiting endeavors.

Step I: Apply

The evaluation process starts with submission of an application. Upon receiving and reviewing your application, VA's management will contact you to convey questions and feedback as well as to discuss other appropriate next steps. VA's management also may request meetings with prospective founders and their teams.
Provided below is guidance for completing the application, as well as submission instructions.

Application
Download application (pdf format)

Step II: Technical Plan

If VA, after reviewing an application, believes a company is a good fit for the program, the application process continues with a Technical Plan. VA's management will then conduct thorough technical due diligence. The purpose of this review is to ascertain the feasibility of using the founder’s technology in various methods and markets. A strong focus will be placed on validating the competitive differentiation and protectability of the proposed technology, as well as the technical expertise and capability the founding team brings to the proposed new company.

Step III: Business Review

If the Technical Review and assessment are favorable, a Business Review is initiated. As part of the Business Review, VA's management will schedule a presentation by the founding team of the proposed company to a selected panel of industry and business experts such as venture capitalists, business analysts, CPAs, faculty and seasoned entrepreneurs. The purpose of this review is to ascertain the viability of the company as a profitable business, and the commitment by the founders to its success.

Time Line:
Generally, VA's admission process can range from a few weeks to a few months depending on the following factors:

• Thoroughness of the Application, Technical Plan and Business Review Process.
• The responsiveness of the founders in forwarding the above information, as well as following up with answers to any questions that arise during this process.