Part D: Timeline for GFRS 2021 and the WBAF Angel Investment Fund
Stage 0
The platform is open to receive applications from around the world.
https://wbaforum.org/GlobalFund/Apply-Now/7
(1 December 2020 – 15 January 2021)
Stage 1
Jurors score applications online on the platform.
(1 December 2020 – 10 February 2021).
Stage 2
100 Startups pitch on stage. KALDIR Investors vote online and ask startups questions.
(20 February 2021).
Stage 3
Startups are ranked. The Investment Committee of the WBAF Angel Investment Fund will plan for due diligence on the top 10 startups (and possibly more).
(20 February 2021).
Stage 4
The Investment Committee of the WBAF Angel Investment Fund announces startups for next steps and official pre due-diligence
(21 February 2021).
Stage 5
WBAF Angel Investment Executive Investment Committee conducts pre - due diligence. Startup proposes a local co-investor(s).
(22 February – 15 April 2021).
Stage 6
The WBAF Angel Investment Fund conducts a due-diliegence on proposed co-investor(s) by startup.
(16 April 2021 – 08 May 2021).
Stage 7
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For each selected startup, The Executive Investment Committee of the WBAF Angel Investment fund decides on investment terms and conditions, valuations and other important investment conditions. The term sheet is defined at this stage.
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An MOU is signed between the Co-investor (if approved by the Fund) and the WBAF Angel Investment Fund for next steps.
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The lead investor is assigned by the Investment Committee.
(15 April – 31 June 2021).
Stage 8
The Executive Investment Committee announces the startups who will be accepted for discussing term sheet and proposal of the WBAF Angel Investment Fund.
(31 June –31 August 2021)
Stage 9
The lead investor negotiates with the startup on behalf of the WBAF Angel Investment Fund according to the investment term sheet provided KALDIR by the Investment Committee.
(31 August – 30 September 2021).
Stage 10
The term sheet is signed by the WBAF Angel Investment Fund and the startup venture.
(30 September – 15 November 2021).