Term sheet overview

 

These conditions are standard for the programme. Full details will be defined in the acceleration contract to be signed by the selected start-ups.

 

1. Non-repayable ACN grant of €50,000 to selected start-ups.
2. Alan Advantage investment: valuation of a potential ticket between €20,000 and €50,000 in equity at the end of the programme, with a 20% discount on the pre-money valuation.
3. Option right for 2% equity assigned to Alan Advantage on the start-ups it considers most in line with its portfolio at the end of the programme.

 

Programme duration: 4 months (February – May), with training, mentorship, technical/market validation, investor readiness and final Demo Day.

Start-ups that complete the Fucina Cyber Lab programme may be evaluated by ACN for a possible non-repayable grant of an additional €150,000.

Startup obligations: active participation (minimum 90% of activities), meeting deadlines and a commitment not to participate in other parallel programmes without consent.

IP & Intellectual property: remains the full property of the startup.