4.1 What are TFG’s acceptance criteria?

It is a judgment call.  Since TFG is measured on capital infusion, jobs, and revenue; TFG focuses on the prospective client’s ability to deliver on one of these measurements.

TFG uses similar criteria to that used by venture capitalists and angel groups.  These include:

  • Team and their history together
  • Technical solution and its viability
  • Defensibility of intellectual property
  • Product and its stage of development
  • Team’s understanding of product/market fit
  • Team’s ability to execute

Importantly, TFG assesses whether TFG advisors can assist the prospective client.  

Unlike equity investors, TFG clients do not need to be targeting the standard “billion-dollar market”. TFG accepts clients that are targeting a smaller market.  But, TFG requires clients that can deliver economic impact in the form of capital infusion, jobs, or revenue.

4.2 Who is eligible to be  a TFG client?  

There are two minimum criteria:

First the client must be located in TFG’s geographic service area.   

See What is TFG's service area? for detailed information on the geographic area we serve.

 Second, the client must be a technology company.   

 

Prospective clients who meet the first two minimum criteria are then assessed on whether they would make good clients and would likely deliver economic impact.  

See What are TFG's acceptance criteria? for a more detailed explanation of the criteria for becoming a TFG client.

4.3 Does my company qualify as a “technology company” for TFG?

To qualify as technology company, company revenues must be derived primarily by the technological innovation.

More specifically, TFG defines a ”technology company” as a business that:

  • Depends on technology to drive the business model
  • Possesses intellectual property, including patents that provides a defensible competitive advantage in the marketplace
  • Possesses high potential for growth — funding, jobs, revenue
  • Has developed an innovative product service, or process based on proprietary research and development

                           OR

  • Has a product that uses a novel combination of existing technologies

 

TFG supports companies in the following technology areas.  This is partial list.

  • Hardware - computers, mobile devices, biotechnology, telecom, energy, green/clean tech
  • Software - applications, embedded software, SaaS, Internet sites/services, or cloud-based solutions
  • Technology-driven innovation where technology is not the product - process enhancement
  • Novel combinations of existing technology

4.4 What technology areas does TFG support?

TFG supports companies in the following technology areas.  This is a partial list.

  • Hardware - computers, mobile devices, biotechnology, telecom, energy, green/clean tech
  • Software - applications, embedded software, SaaS, Internet sites/services, or cloud-based solutions
  • Technology-driven innovation where technology is not the product - process enhancement
  • Novel combinations of existing technology