InnoBrain
| Reference number | |
| Coordinator | InnoBrain AB |
| Funding from Vinnova | SEK 50 000 |
| Project duration | November 2022 - December 2023 |
| Status | Completed |
| Venture | 2019-02930-en |
Important results from the project
The aim was to take part in the Investment Readiness Process program (IRP) which is an honorary award to the companies that did not join Vinnovas Booster for EIC Plug-In 2022. The aim was to prepare the company for a capital raising process with a well-thought-out and agreed investment offer.
Expected long term effects
We have undergone the Investment Readiness Process (IRP) program where we received guidance and help to prepare one of the fundamental elements required in the fundraising process with a well-considered and agreed investment offer. This project will put InnoBrain in a strong situation in terms of fundraising preparation and will facilitate some of the usual challenges that founders are facing in preparing themselves for successful fundraising.
Approach and implementation
During the IRP we accomplished the following steps: - Tool control of the financing design for our company´s equity rounds - Set pre-money valuations according to the company´s development stages. - Identify the value-driving factors - Preparing the strategic activity plan and milestones - Preparing the financial forecast and total capital requirement - Investigate potential Exit strategies for the investor - Went through the valuation models and desired investor profile - Designed the investment offer and pitch deck