Checklist for CIF Applicants

Applicants, below is a list of some of the important items that need to be included in the CIF application.  While this checklist DOES NOT contain ALL items necessary for approval, it will be used as an initial screen for compliance review.  Your CIF application will not enter the next phase of the review process until it complies with ALL items below.

•    Closely follow CIF RFA requirements when preparing the full proposal including the page limits, page format and page numbering

•    Meet eligibility requirements:
1) Maryland company with less than 16 FTE employees and at least 50% of the Employees in Maryland;
2) Either are pre-revenue OR less than $500K of sophisticated equity investment

•    Target market and its size are clearly defined

•    Included either preliminary data or convincing evidence that the technology works

•    Intellectual property is clearly described including how it is protected

•    Competitive analysis that includes a list of competitors, their products and why the company technology is significantly – applicants are encouraged to use a competitive analysis table

•    List of the management team, board of advisors, including their background and extent of involvement

•    A 5 year pro forma statement with the list of assumptions

•    Up to 3 years of historical financials (if the company has existed for over a year)

•    List of technical milestones with dollar values and timelines associated with each milestone that adds up to the total amount requested from TEDCO plus the 50% company match