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Completed PROJECT GRANT Swedish Research Council

InnoBrain

500K kr SEK

Funder Vinnova
Recipient Organization Inobrain Ab
Country Sweden
Start Date Nov 21, 2022
End Date Dec 31, 2023
Duration 405 days
Number of Grantees 1
Roles Principal Investigator
Data Source Swedish Research Council
Grant ID 2022-03624_Vinnova
Grant Description

Purpose and goal:

The aim was to take part in the Investment Readiness Process program (IRP) which is an honorary award to the companies that did not join Vinnovas Booster for EIC Plug-In 2022. The aim was to prepare the company for a capital raising process with a well-thought-out and agreed investment offer. Expected results and effects:

We have undergone the Investment Readiness Process (IRP) program where we received guidance and help to prepare one of the fundamental elements required in the fundraising process with a well-considered and agreed investment offer. This project will put InnoBrain in a strong situation in terms of fundraising preparation and will

facilitate some of the usual challenges that founders are facing in preparing themselves for successful fundraising. Approach and implementation: During the IRP we accomplished the following steps: - Tool control of the financing design for our company´s equity rounds - Set pre-money valuations according to the company´s development stages.

- Identify the value-driving factors - Preparing the strategic activity plan and milestones - Preparing the financial forecast and total capital requirement - Investigate potential Exit strategies for the investor - Went through the valuation models and desired investor profile - Designed the investment offer and pitch deck

All Grantees

Inobrain Ab

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