CE-CONNECTOR CALL
TERMS & CONDITIONS


1. Definitions

1.1. Organizer
DEX Innovation Centre, lead partner of CE-Connector Network.

1.2. Cooperation partners

Croatia:
Optimizacija d.o.o., Ul. Roberta Frangeša Mihanovića 9, 10110, Zagreb, Croatia
www.inventocapitalpartners.eu

Zagreb Innovation Centre Ltd., Avenija Dubrovnik 15, 10000 Zagreb, Croatia,
www.zicer.hr

Czech Republic:
DEX Innovation Centre, Rumjancevova 696/3, Liberec, Czechia 46001
http://dex-ic.com/

Germany (16 regions)
Baden-Württemberg, Bayern, Berlin, Brandenburg, Mecklenburg-Vorpommern,
Sachsen, Sachsen-Anhalt, and Thüringen
AEN (Automotive Engineering Network e. V.) Zähringer Str. 65a 76133 Karlsruhe
https://ae-network.de/

Hungary:
P-INVENT Consulting,Trading and Services Kft.,1039 Budapest, Bokor utca 9-11
http://www.k2m.club/

Poland:
CWBC- Kamieniarska 31/4 30-364 Krakow
www.cwbc.pl

Slovenia:
Market research and consulting company, Ltd., Bogatin d.o.o. Smerdujeva 18 1210
Ljubljana Sentvid, Slovenia
http://www.bogatin.si/

1.3. CE-Connector
The mission of the project is to connect start-ups with investors, also called business
angels, by giving them access to public leverage.
The goal is to lower the bar of entry for young projects, as well as bridge the gap
between fresh start-ups and venture capital.

1.4. Call for application
A call for application opened by organizer, published and operated by territorial
cooperation partners to receive interests of start-ups from the eligible countries that
would benefit from CE-Connector Network services.

1.5. Terms & Conditions
This document.

1.6. Eligible countries

Croatia
Czechia
Baden Wuertemmber (Germany)
Hungary
Poland
Slovenia

1.7. CE-Connector Network Services
CE-Connector Network services consist of the following services according to the
Operational Manual
- Connecting start-ups from the eligible countries with business angels from
Central Europe.
- Facilitating the investment negotiations and agreement
- Providing supplementary documents like investment agreement template,
due diligence questionnaire, etc.

1.8. Cost of CE-Connector Network services
Free of charge due to the project is supported by Interreg Central-Europe.

1.9. Applicant
The start-up from eligible countries which applied via the CE-Connector platform CEConnector, startups page. They will upload their pitch deck or one-pager for the Organizer
there.
The privacy policy located on http://www.ceconnector.eu/startups

1.10. Operational Manual
The document that describes the basic operation rules of CE-Connector Network.

1.11. Application Form
A list of question to be answered by the Applicant so that the Organizer should be able
to process it, verify compliance with the eligibility criteria and provide the CEConnector network services tailored for the Applicant.

2. General Provisions
The Call will be conducted pursuant to these Terms and Conditions. The Organizer
reserves the right to change the Terms and Conditions, provided that the changes do
not violate the rights of the Applicants of the Call acquired prior to such change and
do not alter the fundamental principles of the Call.
The Objective of the call is to receive applications from Applicants that are interested
in CE-Connector Network services.

3. Deadline of applications
The call is continuously open until 28th February 2022.

4. Eligibility criteria of applications
The Eligibility Criteria of applications have national specifications and are slightly
different in the participating countries.

4.1. Eligibility criteria in the CE-Connector Countries:

Croatia

Eligibility Criteria
• The Startup should have a Minimum Viable Product
• The Startup should attach a pitch deck to its application and/or a pitch video link
• The Startup should be within the RIS3 sectors (for Croatia):
- Energy and Sustainable Environment
- Security

Business criteria
The primary factor of selection:
•exit potential in terms of the mechanism for exit;
•strategic buyers, if appropriate;
•the potential for the investment to meet the required exit multiple that will achieve
the Business Angels target internal rate of return (IRR).

REGIONAL PROCESS ADJUSTED TO THE NEEDS:
Locally positioned startup should explain if (how) it can utilize public grant
opportunities in Croatia.

Czech Republic

Eligibility Criteria
 Startup registered in Czechia at the time of the investment;
 Startup in early-stage (before venture capital investment);
 Investment size needed: 75 000 - 1 000 000 EUR (including both public leverage and
private BA investments);
 Exclusion of the following industries – illegal economic activities, tobacco and
distilled alcoholic beverages, weapons and ammunition, casinos, gambling,
pornography, cloning or Genetically Modified Organisms
 Startup has the potential for high demand and can scale quickly (market size is big
enough and growing);
 The sectors in which the startup operates has experienced at least one high-value
(EUR 100M or higher) exit in the last 5 years.
 The industry focus of Startup fits to RIS3 strategical segment per Territory;
 Territorial relevance of the Startup for the given territory of the Provider of
Public Leverage (e.g. registration and physical/virtual office in the given
territory, significant impact at the territory in terms of employment: new jobs
likely to be created piloting solution in the territory.)
 There is an agreed co-investment from public sources by given Provider of Public
Leverage.
 Formed interested Business Angel Group with minimum 3 Business Angels including
1 lead investor needs to be established for the investment.
 Passed basic and advanced due diligence.

Germany

REGIONAL CRITERIA GERMANY:

Eligibility Criteria
 Startup is registered in Germany in one of the following Bundesländer: BadenWürttemberg, Bayern, Berlin, Brandenburg, Mecklenburg-Vorpommern,
Sachsen, Sachsen-Anhalt, Thüringen at the time of the investment;
 Startup in early-stage (before venture capital investment);
 Investment size needed: 75 000 - 1 000 000 EUR (including both public leverage
and private BA investments);
 Startup should have a Minimum Viable Product; Ideally a pilot installation is
already in place;
 Startup has the potential for high demand and can scale quickly;
 The product should contribute to innovations in the segments either Mobility,
Energy, Green IT or ICT;
 The Startup should attach a pitch deck to its application with 10 slides based on
https://guykawasaki.com/the-only-10-slides-you-nee... and a
video link including the management team (optional);
 Submit short application form at www.ae-network.de;
 Passed advanced due diligence by investors (business angels and public
providers)

REGIONAL PROCESS ADJUSTED TO THE NEEDS:
 If eligible, it is important that founders can explain the product, its features,
and the problem it tries to solve in an easily understandable way. Moreover, the
founders should have a good vision of their product in the next 1-2 years.
Business criteria
The primary factor of selection:
• exit potential in terms of the mechanism for exit;
• strategic buyers, if appropriate;
• the potential for the investment to meet the required exit multiple that will
achieve the Business Angels target internal rate of return (IRR). Page 7
The targeted valuations will be a multiple of sales or profit that will be lower than in
these markets (for example, a proposed valuation by ACIF will be 10-15x of the
Startup's recurring yearly revenue).

Hungary

Customized investment criteria on the territorial level:
COUNTRY: HUNGARY
REGIONAL CRITERIA (HIGHLIGHTED):
 The Startup should have a Minimum Viable Product
 The Startup should attach a pitch deck to its application (sample: Horizon 2020
EIC Accelerator pitch deck) and a pitch video link (optional)

REGIONAL PROCESS ADJUSTED TO THE NEEDS:
 If eligible, CE-Connector partner P-Invent creates a Letter of Intent of potential
investment that the applicant can use for a grant submission (Horizon Europe
EIC Accelerator)

Business criteria
The primary factor of selection:
 exit potential in terms of the mechanism for exit;
 strategic buyers, if appropriate;
 the potential for the investment to meet the required exit multiple that will
achieve the Business Angels target internal rate of return (IRR).
The targeted valuations will be a multiple of sales or profit that will be lower than
usual in these markets (for example, a proposed valuation by ACIF can be 10-15x of the
Startup's recurring yearly revenue).

Poland

Poland Startup must meet the following requirements:
 Have a registered office in the Lodz Voivodeship in accordance with the entry
in the Central Register of Economic Activity and run a business for no longer
than 5 years from the date of registration on the website ceconnector.eu or be
a person residing in the Lodz Voivodeship within the meaning of the Civil Code,
intending to run a business in Lodz Voivodeship;

 Run a business or intend to run a business under the following regional
specializations (RIS): medical industry (including spa medicine), pharmacy,
cosmetics, innovative agriculture and agri-food processing, IT and
telecommunications;

 Submit short application form at ceconnector.eu/startups. The possibility of
using the CE-Connector ACIF support depends on the available public support
instruments and the interest of private investors.

Slovenia

REGIONAL CRITERIA:
 The Startup should have a Minimum Viable Product and stated interest from
potential customers (ideally orders or expression of interest)
 The Startup should attach a pitch deck to its application (sample: Slidor Pitch
Deck template) and a pitch video link (optional)
 Startup should show the commitment to the project with an investment of either
money or time invested

REGIONAL PROCESS ADJUSTED TO THE NEEDS:
 Locally positioned startup should explain if (how) it can utiliye public grant
opportunites in Slovenia, such as SI-SK tender, P2 tender or SK75 tender
available at the Slovenian Entrepreneurship Fund

5. Final Provisions
In case of any question regarding the CE-Connector Network or this document, please
write us at:
http://ceconnector.eu/contact
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