The New Venture Template™ (NVT) is the Institute’s powerful assessment tool it uses to evaluate, and produce a report to all that submit to the Institute. This tool is at the root of picking companies with promise.
WBI has co-developed a computer assisted 15-point framework for evaluating any business enterprise using an Expanded Executive Summary (EES) or a business plan. The program provides inexpensive, timely and accurate analysis of companies for organizations who review large numbers of business plans. The service is presently available to CVN members and selected Partner Conferences (respected venture capital conferences that provide reciprocal exposure for promising high tech companies) and other interested parties.
WBI generates a custom 10-page web-based report (Cooperative Venturing Analyst™ Report) for the company, service provider or investor that highlights a company’s strengths and weaknesses, shows how well the company communicates its investment opportunity to investors, offers suggestions and benchmarks for improvement and suggests where the entrepreneur should seek capital.
The Institute uses NVT to evaluate EESs and Business Plans. The Institute prefers reviewing an EES to a business plan because they are not as time consuming or costly to analyze ($195 vs. $495), and they force the company to focus. EES are also a better predictor for venture success. Focus, substance, brevity are at the heart of capturing venture interest.
The Cooperative Venturing Analyst Report :
- Tested, functional web-based program
- Ready for immediate use
- Provides timely feedback with extensive comments on the submitted plan
- Respected by venture capital and economic development communities
- Reports are linked to the most extensive business planning database available