SCORECARD
DEEPTECH SEED FUND SCORECARD
| Funnel of Demand Companies |
Countries | Committed How? |
||
|---|---|---|---|---|
| Approached | 120 | 7 | Will do a free trial | 00 |
| Responded | 60 | 6 | Invest in-kind in trial | 00 |
| Spoken To | 40 | 4 | Will pay for a trial | 00 |
| Still Engages | 10 | USA, UK, Korea | Will pre-pay/pay for product | 00 |
| Committed | 5 | USA and UK | Will invest | 00 |
Our Deeptech Seed Fund Scorecard is at the heart of how we identify high-potential deeptech ventures earlier than others. It quantifies the level of pre-revenue commitment that a spinout-stage venture has secured.
It is free to use by any fund or incubator.
By quantifying the level of commitment from early-adopters and potential customers, it can objectively assess the commercial potential of pre-revenue deeptech ventures. This Scorecard is now being adopted by leading incubator programs across Europe and the UK, and it is a key driver of our investment decisions.
The Scorecard focuses on the stages of pre-revenue commitment and is used by our incubator partners to prioritize ventures with the strongest commercial validation. This allows us and other investors to secure high-quality deal flow that others may overlook. It is also being used by one large national grant-funding agency as part of its grant approval process.
You can read more about our Scorecard in this article by our Partner, Pearse Coyle.
Early-adopter Commitment Request
We have worked to create a document that provides suggested text and a structure that you use when asking for commitment (money or investment). You can download the document here and adapt it to your own situation and preferences. The ultimate goal is to be able to present commitment metrics in the following way to investors, using the Deeptech Seed Fund Scorecard.