What We Do - Development Phase
The Development and Company Incubation Phase
During this phase, proof of concept work and development is pursued in collaboration with external collaborators, advisors and contractors. A team is built combining Acidophil’s team with other entrepreneurial managers and technologists to manage the company. This team markets the company to independent sources of seed capital, which is usually sought from a combination of strategic partners, non-profit organizations and seed investors. The proceeds of this seed round are used to: i) continue intellectual property development; ii) further development of the commercialization strategy; iii) organizational development; and iv) the preparation needed to secure additional financing. In addition to Acidophil’s central role in the formation and management of the new company, it will provide administrative services. During this phase Acidophil’s founders and co-investors also participate alongside the independent seed investors in the new company’s seed financing through an affiliated vehicle (e.g. Acidophil Investors). A substantial institutional financing, represents the end of this Development Phase.