Enterprise Investment Program

Timeline

Application Review Process Details

1. Applicant applies online via UMEIP Web site.
2. Applications are screened for completeness and to ensure minimum requirements are met. A request may be made for any missing information.
3. Internal group reviews applications to identify any potential conflicts of interest or other university related issues.
4. If approved by the internal review group, applications go to the outside advisory panel for review.
5. Advisory panel reviews application, provides score and makes a recommendation to university. A presentation by the applicant may be requested.
6. Internal group reviews advisory panel recommendation. Notification of decision is sent to applicant.
7. If first round approval is granted, due diligence is undertaken.
8. Additional information and possibly a presentation is requested from applicant.
9. Review of additional information by internal group and external advisory panel.
10. Second round decision is made. Notification of decision is sent to applicant.
11. If second round approval is granted, the terms of investment are negotiated.
12. Negotiated terms are incorporated into final investment documents for execution.