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846                      <div class="desc-wrapper" data-content-field="description" data-collection-id="611541cfd4176363b295c38c"><p class="" style="white-space:pre-wrap;"><strong>FAQs</strong></p><p class="" style="white-space:pre-wrap;">ABOUT SILICON CATALYST</p></div>
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870  <h1 style="white-space:pre-wrap;"><strong>Application FAQ&nbsp;</strong></h1><h3 style="white-space:pre-wrap;"><em>What should I expect once the application is completed?</em></h3><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;">Our team will review your application, and one of our team will set up a phone or video call to answer your questions and to have an initial discussion about your company and technology.</p></li><li><p class="" style="white-space:pre-wrap;">If there is mutual interest in working together, we will pull in a small number of our Advisors to help our team perform due diligence on your company.</p></li><li><p class="" style="white-space:pre-wrap;">If your company is selected based on the due diligence, you will pitch at a Pre-Screening event with 12-15 of our highly technical industry advisors (we have two Pre-Screening events per year).</p></li><li><p class="" style="white-space:pre-wrap;">If your company is selected from the Pre-Screening event, you will then pitch at a Screening event to 50+ Advisors, investors, and partners (we have two Screening events per year).</p></li><li><p class="" style="white-space:pre-wrap;">If your company is selected from the Screening event you will be offered admission to the Silicon Catalyst incubator.</p></li></ul><p class="" data-rte-preserve-empty="true" style="white-space:pre-wrap;"></p><h3 style="white-space:pre-wrap;"><em>How important is it to answer all the questions on the application?</em></h3><p class="" style="white-space:pre-wrap;">For the initial screening, your answers are all we have to evaluate your application so it’s in your best interest to make your answers as comprehensive as possible.&nbsp;Even if the information is included in your pitch deck, answering the application questions completely is generally the most effective way to communicate this information to Silicon Catalyst.</p><p class="" data-rte-preserve-empty="true" style="white-space:pre-wrap;"></p><h3 style="white-space:pre-wrap;"><em>How does Silicon Catalyst decide which startups to admit?</em></h3><p class="" style="white-space:pre-wrap;">The bottom line is we’re looking for high-quality, interesting startups that can have a significant impact on the world, that have a good chance to succeed, and that we can help.&nbsp;More specifically, we consider 11 criteria:</p><ol data-rte-list="default"><li><p class="" style="white-space:pre-wrap;"><em>Capable team</em></p></li><li><p class="" style="white-space:pre-wrap;"><em>Open to mentoring/coaching</em></p></li><li><p class="" style="white-space:pre-wrap;"><em>Needs Silicon Catalyst ecosystem (in-kind tools and services, advisors, investors)</em></p></li><li><p class="" style="white-space:pre-wrap;"><em>Addresses large problem/pain point</em></p></li><li><p class="" style="white-space:pre-wrap;"><em>Differentiated technology/solution with IP protection</em></p></li><li><p class="" style="white-space:pre-wrap;"><em>Large market opportunity</em></p></li><li><p class="" style="white-space:pre-wrap;"><em>Traction with potential customers and partners</em></p></li><li><p class="" style="white-space:pre-wrap;"><em>Realistic, thorough financial plan</em></p></li><li><p class="" style="white-space:pre-wrap;"><em>Attractive business model/returns</em></p></li><li><p class="" style="white-space:pre-wrap;"><em>Clear technical and business project timelines/milestones</em></p></li><li><p class="" style="white-space:pre-wrap;"><em>Plans in place to address issues and gaps</em></p></li></ol><p class="" style="white-space:pre-wrap;"><em>&nbsp;</em></p><h3 style="white-space:pre-wrap;"><em>What is the application/incubation process of Silicon Catalyst?</em></h3><h2 style="text-align:center;white-space:pre-wrap;"><strong>Silicon Catalyst Incubator</strong></h2>
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1023  <h2 style="text-align:center;white-space:pre-wrap;"><strong>Incubator Selection Process</strong></h2>
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1153deae868d4/1579110910863-UCOGOS1WTIGCVL4MJVVY/Silicon+Catalyst+Incubator+Selection+Process" data-image-dimensions="312x467" data-image-focal-point="0.5,0.5" alt="" data-load="false" elementtiming="system-image-block" data-sqsp-image-classic-block-image src="https://images.squarespace-cdn.com/content/v1/5526ce42e4b0930deae868d4/1579110910863-UCOGOS1WTIGCVL4MJVVY/Silicon+Catalyst+Incubator+Selection+Process" width="312" height="467" alt="" sizes="(max-width: 640px) 100vw, (max-width: 767px) 50vw, 50vw" style="display:block;object-fit: cover; width: 100%; height: 100%; object-position: 50% 50%" onload="this.classList.add(&quot;loaded&quot;)" srcset="https://images.squarespace-cdn.com/content/v1/5526ce42e4b0930deae868d4/1579110910863-UCOGOS1WTIGCVL4MJVVY/Silicon+Catalyst+Incubator+Selection+Process?format=100w 100w, https://images.squarespace-cdn.com/content/v1/5526ce42e4b0930deae868d4/1579110910863-UCOGOS1WTIGCVL4MJVVY/Silicon+Catalyst+Incubator+Selection+Process?format=300w 300w, https://images.squarespace-cdn.com/content/v1/5526ce42e4b0930deae868d4/1579110910863-UCOGOS1WTIGCVL4MJVVY/Silicon+Catalyst+Incubator+Selection+Process?format=500w 500w, https://images.squarespace-cdn.com/content/v1/5526ce42e4b0930deae868d4/1579110910863-UCOGOS1WTIGCVL4MJVVY/Silicon+Catalyst+Incubator+Selection+Process?format=750w 750w, https://images.squarespace-cdn.com/content/v1/5526ce42e4b0930deae868d4/1579110910863-UCOGOS1WTIGCVL4MJVVY/Silicon+Catalyst+Incubator+Selection+Process?format=1000w 1000w, https://images.squarespace-cdn.com/content/v1/5526ce42e4b0930deae868d4/1579110910863-UCOGOS1WTIGCVL4MJVVY/Silicon+Catalyst+Incubator+Selection+Process?format=1500w 1500w, https://images.squarespace-cdn.com/content/v1/5526ce42e4b0930deae868d4/1579110910863-UCOGOS1WTIGCVL4MJVVY/Silicon+Catalyst+Incubator+Selection+Process?format=2500w 2500w" loading="lazy" decoding="async" data-loader="sqs">
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1176  <p class="" style="white-space:pre-wrap;"><strong>1. Sourcing</strong></p><p class="" style="white-space:pre-wrap;">Companies are sourced from Silicon Catalyst Ecosystem</p><p class="" style="white-space:pre-wrap;"><strong>2. Review Application</strong></p><p class="" style="white-space:pre-wrap;">Companies apply to Silicon Catalyst via ProSeeder</p><p class="" style="white-space:pre-wrap;"><strong>3. Prescreening</strong></p><p class="" style="white-space:pre-wrap;">Silicon Catalyst Ecosystem members review companies</p><p class="" style="white-space:pre-wrap;"><strong>4. Screening</strong></p><p class="" style="white-space:pre-wrap;">A large group of ecosystem members will review applicants to determine best fit for Silicon Catalyst incubator admission</p>
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1202<div class="sqs-html-content" data-sqsp-text-block-content>
1203  <h2 style="text-align:center;white-space:pre-wrap;"><strong>Silicon Catalyst Incubation Process</strong></h2>
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1230  <p style="text-align:center;white-space:pre-wrap;" class=""><strong>Beginning of Incubation</strong></p><p class="" style="white-space:pre-wrap;">Develop a customized 24 month incubation plan covering the following:</p><p class="" style="white-space:pre-wrap;">Advocate and Advisor engagement</p><p class="" style="white-space:pre-wrap;">Product Market Fit</p><p class="" style="white-space:pre-wrap;">Operational Planning</p><p class="" style="white-space:pre-wrap;">Fundraising</p><p class="" style="white-space:pre-wrap;">Supported by curriculum</p>
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1383  <p style="text-align:center;white-space:pre-wrap;" class=""><strong>During Incubation</strong></p><p class="" style="white-space:pre-wrap;">Regular interaction with a dedicated Silicon Catalyst advocate and Advisors</p><p class="" style="white-space:pre-wrap;">Development of comprehensive fundraising deck</p><p class="" style="white-space:pre-wrap;">Periodic status update to ecosystem</p><p class="" style="white-space:pre-wrap;">Assist with staffing</p>
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1436  <h1 style="white-space:pre-wrap;"><strong>Application Tips</strong></h1><p class="" style="white-space:pre-wrap;">A well-prepared application and a clear, thorough, and concise pitch deck are critical to your success as a company.&nbsp;The tips below will help you provide the information that Silicon Catalyst, as well as virtually any angel group or venture capital firm, needs to evaluate your company.</p><p class="" style="white-space:pre-wrap;"><strong>Problem or opportunity statement</strong></p><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;">What is the problem or opportunity that your product can uniquely solve?</p></li></ul><p class="" style="white-space:pre-wrap;"><strong>Solution/product to be developed</strong></p><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;">What is the product you will create that will address the problem or opportunity? What is your value proposition?</p></li></ul><p class="" style="white-space:pre-wrap;"><strong>Use of semiconductors in solution, semiconductor type</strong></p><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;">Will your company design a unique integrated circuit (IC) chip?&nbsp;What type of IC will you design (e.g. digital, analog/mixed-signal, memory, MEMS, silicon photonics, etc.).&nbsp;What technology node will you use (e.g.  0.18 micron, 65nm, 7nm, etc.)?</p></li></ul><p class="" style="white-space:pre-wrap;"><strong>Potential market size (initially and ultimate)</strong></p><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;">What is the size of the market you will directly target, defined by TAM (Total Available Market), SAM (Serviceable Available Market), and SOM (Serviceable Obtainable Market)? <a href="https://www.thebusinessplanshop.com/blog/en/entry/tam_sam_som" target="_blank">TAM, SAM, SOM overview</a></p></li></ul><p class="" style="white-space:pre-wrap;"><strong>Current or expected customers</strong></p><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;">Identify your current customers or potential customers that fit into your SOM (Serviceable Obtainable Market).&nbsp;&nbsp;&nbsp;</p></li></ul><p class="" style="white-space:pre-wrap;"><strong>Describe your business model</strong></p><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;">What is your <a href="https://fi.co/insight/the-10-most-popular-startup-revenue-models" target="_blank">revenue model</a> and <a href="https://blog.hubspot.com/sales/pricing-strategy" target="_blank">pricing strategy</a>?&nbsp;Explain your sales <a href="https://www.resultist.com/blog/types-of-sales-distribution-models-capitalizing-on-missed-opportunities" target="_blank">distribution method</a>.&nbsp;</p></li></ul><p class="" style="white-space:pre-wrap;"><strong>Competitors and alternatives</strong></p><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;">Define the competitive landscape, existing companies, up and coming players, alternatives. Look beyond today to the time period when your company will be in production and selling in y
1436our market.</p></li></ul><p class="" style="white-space:pre-wrap;"><strong>Competitive advantage</strong></p><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;">How is your product better/cheaper/disruptive/etc.</p></li></ul><p class="" style="white-space:pre-wrap;"><strong>Intellectual property (owned or licensed)</strong></p><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;">List intellectual property both applied for and granted.</p></li></ul><p class="" style="white-space:pre-wrap;"><strong>Go to market strategy&nbsp;(Marketing and Sales)</strong></p><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;">How do you reach your customer? Direct Sales/Channel partners.&nbsp;What is your <a href="https://neilpatel.com/blog/customer-acquisition-cost/" target="_blank">customer acquisition cost (CAC)</a>?</p></li></ul><p class="" style="white-space:pre-wrap;"><strong>Current and desired Partnerships</strong></p><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;">Who will you work with to make your product and company a success?&nbsp;Who have you already reached an agreement with?</p></li></ul><p class="" style="white-space:pre-wrap;"><strong>Feasibility demonstrations</strong></p><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;">Do you have a minimum viable product (MVP)/simulations? What can you show us to convince us you have a viable product?</p></li></ul><p class="" style="white-space:pre-wrap;"><strong>Key future technical and customer milestones and deliverables</strong></p><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;">These should be measurable and trackable milestones and deliverables.</p></li></ul><p class="" style="white-space:pre-wrap;"><strong>What are your biggest challenges?</strong></p><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;">Clearly defining your challenges will allow us to access our ability to help you mitigate those challenges.</p></li></ul><p class="" style="white-space:pre-wrap;"><strong>What are your greatest perceived risks?&nbsp;&nbsp;</strong></p><p class="" style="white-space:pre-wrap;"><strong>How did you hear about Silicon Catalyst?</strong></p><p class="" style="white-space:pre-wrap;"><strong>What do you expect from Silicon Catalyst?</strong></p><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;">For example,&nbsp;<a href="https://siliconcatalyst.com/our-partners-1">In-Kind Ecosystem Partner</a>&nbsp;tools and services, connection to the&nbsp;<a href="/advisor-ecosystem" target="_blank">Silicon Catalyst Advisor</a> network, funding support, engagement with&nbsp;<a href="https://siliconcatalyst.com/our-partners-1" target="_blank">Silicon Catalyst Strategic Ecosystem Partners</a>, etc.</p></li></ul><p class="" style="white-space:pre-wrap;"><strong>Current cash balance and monthly cash burn rate</strong></p><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;">Include your runway (that is, how long until you run out of cash?).</p></li></ul><p class="" style="white-space:pre-wrap;"><strong>Previous funding and capital raised, and from whom</strong></p><p class="" style="white-space:pre-wrap;"><strong>Amount of funding needed in 12 and 24 months</strong></p><p class="" style="white-space:pre-wrap;"><strong>Primary expected expenses by major category</strong></p><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;">Salaries, IP, prototyping, design tools, 3rd party services, office space, IT&nbsp;</p></li></ul><p class="" style="white-space:pre-wrap;"><strong>Exit strategy</strong></p><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;">licensing, acquisition, IPO&nbsp;</p></li></ul><p class="" style="white-space:pre-wrap;"><strong>Income or Revenue expected in 12 and 24 months- describe the source.</strong></p><p class="" style="white-space:pre-wrap;"><strong>Stage</strong></p><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;">Idea, Incorporated, Seed funded, Series A</p></li></ul><p class="" style="white-space:pre-wrap;"><strong>Management</strong></p><ul data-rte-list="default"><li><p class="" style="white-space:pre-wrap;">List your current employees as well as advisors<strong>.</strong></p></li></ul>
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Line numbers count LF bytes from the start of the resource, as the search results do. Vendor segments are library code the classifier recognised; they are stored but not indexed. Bytes are shown as Latin1 characters, one per byte.