Technology Advancement Program

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TAP utilizes the following evaluation process to choose new portfolio companies:

Step I: Executive Summary

The evaluation process starts with the submission of an Executive Summary. Upon receiving and reviewing Executive Summaries, TAP's management will contact prospective applicants to convey questions and feedback as well as to discuss other appropriate next steps. TAP's management may request face-to-face meetings or teleconferences with prospective companies as well.  

Provided below is guidance for preparing such a summary as well as submission instructions. 

How to prepare an Executive Summary (pdf)
Submit your Executive Summary (pdf format only)

Step II: Technical Plan and Feasibility Analysis

If TAP, after reviewing an Executive Summary, believes a company is a good fit for the program, the application process continues with a Technical Plan. TAP's management will then conduct a thorough Technical Review. The purpose of this review is to ascertain the feasibility of the proposed product or service, competitive differentiation of proposed technology and the technical expertise and capability of the company.

Step III: Business Plan and Business Review

If the Technical Review and assessment are favorable, a Business Plan is requested and a formal Business Review is initiated. As part of the Business Review, TAP's management will schedule a presentation by the principals of the prospective company to a selected panel of industry and business experts such as venture capitalists, business analysts, CPAs, faculty and seasoned entrepreneurs. The purpose of this review is to ascertain the viability of the company as a profitable business, and the commitment by the principals to its success.

Time Line:

Generally, TAP's admission process can range from a few weeks to a few months depending on the following factors:

• Thoroughness of the Executive Summary, Technical and Business Plans

• The responsiveness of the prospective companies in providing the above information as well as responding to any questions that arise during this process

 

»More information about Mtech's venture creation, entrepreneurship education programs, and company/university connection programs.

Download the TAP program sheet in pdf format