Listen to this articleBelow is our recent interview with Christopher Malter, CEO of Global Accelerated Ventures:
Q: Could you provide our readers with a brief introduction to ELITE?
A: It’s not easy for companies to tap into the London Stock Exchange Group network of relationships and investors, but that’s exactly what the ELITE and Global Accelerated Ventures (GAV) program is designed to do. Fintech and Healthtech companies that are accepted into the ELITE/GAV program will be introduced to institutional investors, investors and mentors who will help develop their management team and company for accelerated growth.
ELITE is a great opportunity for companies to get the exposure they need to scale on a global level. It has the full reach of the London Stock Exchange Group, and all of the relationships, expertise and history that come with it. This is a rare opportunity for healthtech and fintech companies to see an immediate impact on their companies future growth.
Q: Can you tell us something more about your recent announcement?
A: Companies interested in applying for ELITE can click here for an application. Once the application is received, companies will be asked to provide:
• A copy of the company’s latest financial statements (consolidated is preferred)
• Key management information including projected financials that can be shared
• Any company presentation that details the business activities and main revenue stream(s)
• An organization chart
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Q: Who is your ideal client and why?
A: Right now, we are looking primarily for Fintech and Healthtech companies in New York, but we are expanding the program into energy and other sectors in Texas and California. We have both quantitative and qualitative measures that determine who is accepted into the program. They include:
• Turnover greater than $5 million (or less than if revenue growth is more than 15 percent)
• Operating earnings greater than 5 percent of turnover
• Positive Net Profit
• High quality and highly ambitious business plans
• Demonstrate historic growth and future potential
• Convincing growth projections
• Credible Management
• Motivation to deal with the cultural, organizational, managerial change required to access long term financing opportunities
There’s been a liquidity gap for many Fintech and Healthtech companies following COVID-19 and many great companies can’t scale because of it. The purpose of this program is to help those aggressive companies find the funding they need. In addition, these CEOs and founders will get access to a network of global resources and a knowledge base that will help them grow at an even faster pace.
ELITE is a great opportunity for companies to get the exposure they need to scale on a global level. It has the full reach of the London Stock Exchange Group, and all of the relationships, expertise and history that come with it. This is a rare opportunity for healthtech and fintech companies to see an immediate impact on their companies future growth.
Q: What’s the best thing about ELITE that people might not know about?
A: There’s been a liquidity gap for many Fintech and Healthtech companies following COVID-19 and many great companies can’t scale because of it. The purpose of this program is to help those aggressive companies find the funding they need. In addition, these CEOs and founders will get access to a network of global resources and a knowledge base that will help them grow at an even faster pace.
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Q: What can we expect from ELITE in next 12 months?
A: Fintech and Healthtech companies that are accepted into the ELITE/GAV program will be introduced to institutional investors, investors and mentors who will help develop their management team and company for accelerated growth.
Companies that are accepted by ELITE will join in monthly workshops over an 18-24 month period, where they will better develop their companies for scale. In addition, the program will provide mentoring, develop relationships, and guide the company’s finance and management teams for larger fundraising rounds. In addition, accepted applicants will work in close coordination with regional business, academic and financial communities across the markets. More than 1400 companies have already gone through ELITE, with an average growth rate of 30 percent following the program.
Last Updated on August 26, 2020
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