How are successful proposals selected?
We will judge each proposal against our selection criteria. The best proposals we receive will be forwarded to the AECF’s Investment Committee. The final selection of business ideas will then be made by the Investment Committee. This is an ongoing process with applications being invited and scrutinized every few months. What are my chances of winning? The AECF operates like a “social” venture capital fund – seeking and engaging with many potential projects and companies to find those with the greatest rate of return against the our objectives. We anticipate that no more than one in ten projects will be awarded funds. (The response to Rounds 1 and 2 of the competition was so large that only about one in 30 projects actually received funds). Does my company have to contribute? Successful applicants are expected to contribute a minimum of 50% of the total cost of the project, unless otherwise stipulated. Businesses that are willing/ able to contribute greater than the 50% minimum are more
