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INVESTMENT CRITERIA AND PROCESS
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| COMPANY | Criterion: |  |
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| Company Stage | - |
Start-up to intermediary stage, occasionally seed
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| Uniqueness | - | Disruptive global technology, products or service | |||
| - | Patents in some industries | ||||
| - | Barrier to entry through technology or first-mover advantage | ||||
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| Market | - | Substantial if successful | |||
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| Management | - | Exceptional key persons, not necessarily complete team | |||
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| Teknoinvest's Role | - | Clear value adding opportunities | |||
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| Industry Areas | - | IT and Communications | |||
| - | Life Sciences | ||||
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| Geography | - | Primarily Nordic and US origin or association | |||
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| FINANCIAL | Criterion: | Description: | |||
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| Investment Size | - | Normally NOK 5-50 million incl. follow-up investments | |||
| - | No single investment >20% of active fund | ||||
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| Investor Role |
- | Minority position | |||
| - | No other external controlling party Lead investor, or | ||||
| - | Together with reputable, trustworthy lead investor | ||||
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Availability of exit through listing, trade sale or merger
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