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Entrepreneurs Seeking Equity Financing...

Equity Review

When equity financing is identified as a source of funds in the business planning process, we can help explain and prepare the client to accept equity financing.

This process typically involves :

  • coaching
  • business plan scrubbing
  • navigation of available equity financing options 

Coaching can include information on:

  • controlling ownership
  • company structure
  • securities issues
  • equity money required  

This service typically includes 2-3 business plan reviews and corresponding meetings by multiple staff members to discuss the project and the results of each review. 

Note: The Enterprise Institute does not offer legal advice, but often makes clients aware of potential legal issues and makes a referral to the appropriate counsel.

Equity Review & Presentation Preparation

This service includes all services in the Equity Review and also includes additional time for presentation preparation and introductions to appropriate funding sources. Once the business plan is complete, EI staff will work with the client to prepare and deliver a presentation. This includes practice presentations to staff and partners. EI staff will also work with the client to provide appropriate referral introductions to angel funds and venture capital groups. 

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Inventors & Entrepreneurs Seeking Research...

Competitive Market Analysis

This Competitive Analysis is a focused market research report that is done primarily for an inventor or entrepreneur that has a product idea and wants to determine if it is unique. 

This Research attempts to answer two questions:

  1. Is the exact product in the marketplace?
  2. Are there other products that would be considered competition? 

The result of this analysis is a report that identifies and details up to 10 products that could be viewed by customers as competitive products.   

Preliminary Patent Search

The Patent Search is a focused market research exercise that is also done primarily for an inventor/entrepreneur that has a product idea and wants to determine if it has been patented. Unlike the Competitive Analysis which focuses on the marketplace, this search focuses on the U.S. patent database (issued patents and visible filed applications), to identify the 6-8 patents that closely match the client’s idea in functionality and/or design.  

This Patent Search often has two parts:

  1. a report identifying and detailing similar patents
  2. a patent-ability opinion – which includes having a patent attorney review the product disclosure, the search results, and then issue an opinion. The opinion is the interpretation of the search results.

The Enterprise Institute works with several patent law firms in SD and surrounding states. Some attorneys offer this opinion at no cost. EI will provide the client this referral and cost information. Once the patent search is completed, the client will work directly with the patent attorney.