Description

• A solid business model and growth potential.
• A clear plan for "Use of Funds" and a reasonable valuation.
• Proof of proprietary technology (patents are a plus). 

Eligibility

• Geography: Primarily focuses on Connecticut-based companies, but also invests in companies throughout the United States.
• Sectors: Strong interest in Enterprise Applications and Life Sciences sectors.
• Traction: Open to pre-revenue companies if other factors are attractive, but look for strong management teams with sales experience and a well-defined market plan.
• Return Potential: Seeks high growth potential, with an expected ROI of 5-7 times the investment and projected exit in 3-5 years.

Process

1. Online Application: Founders apply through the AIF website's deal platform.
2. Screening: A selection committee reviews applications to identify potential fits for the monthly meetings.
3. Monthly Pitch Meeting: Selected companies present their 10-minute pitch (plus Q&A) to AIF members, typically on the second Tuesday of the month.
4. Due Diligence: If there is sufficient investor interest, a due diligence committee is formed to conduct a thorough review of the company's financials, technology, and team.
5. Investment: Individual members decide whether to invest their own money, providing capital and often ongoing mentorship.

What an Applicant can Obtain

• Capital: Access to a network of over 100 accredited investors, with individual deal investments often in the $100,000–$2M range.
• Expertise: Mentorship and strategic advice from seasoned investors who contribute their time, talent, and money.
• Network: Connections to other investors and relevant organizations, such as Connecticut Innovations.