Cost to Participate in NAFI
NAFI has structured its program in a way to make the cost for participation as low as possible – i.e. nothing upfront!
Equally though if your company subsequently has success in its capital raising efforts (which is the target outcome of the program), NAFI seeks to share in the company’s longer-term success by way of equity.
Specifically, NAFI is asking participants to enter a founder-friendly convertible note agreement, which outlines that, if and when your company does raise capital (post your time in NAFI), NAFI would secure approximately a 2% equity stake in the business.
In this way, while NAFI’s equity interest in the business is negligible it remains incentivized to continue to provide other support to your company into the future.
NAFI would be pleased to have your company stay part of the NAFI ecosystem, participate in future events and where NAFI learns of opportunities and connections that may be valuable to your company, we can let you know!
Lastly, by being an (albeit tiny) shareholder, NAFI will also be on the lookout for access to non-diluting capital, such as grants, to help drive your company’s growth.
A copy of the Convertible Note will be made available to companies who are offered a place in NAFI’s program.