PROCESS OVERVIEW

We are looking for seed, early stage, start up business opportunities in emerging technologies, including embryonic stage projects within the academic community. Our focus is on businesses in the communications and information technology sectors with the capability of becoming leaders in a global market environment.

Mianach receives numerous business plans each year and only very few meet the demanding criteria that we set for investment. Time is valuable to both investment manager and entrepreneur and as a first step we ask that you send us an executive summary or full business plan to review before a meeting is arranged. Whether an executive summary or a full plan, the document is the framework for 'selling' your idea and should be a clear, coherent, informative and balanced case for raising money.

The plan will be read by one of our investment managers within a few days of its arrival. The investment team meets weekly to discuss progress with current projects and details of new proposals received. At this meeting the team will select the new projects they wish to explore beyond the first examination of the plan. This procedure enables us to give you an early indication of our interest.

If we are attracted to the project you will be contacted by phone or to set up an initial meeting for you to present your plans usually at our offices. This provides Mianach with the opportunity to meet the team and ask some initial questions about the proposal. It also allows you to get the feel of Mianach and to assess whether you would feel comfortable working with us.

Assuming the feel for the technology and team is positive this will lead to the due diligence process. This can be a lengthy process depending on the availability of research information, validating the data within the business plan and calling upon the knowledge and experience of our industry partners in assessing your ability to meet the objectives in the business plan.

Our investment decision depends on these investigations. Not only is this an important process for us but it is also a time for forging a sound working relationship between investee and investor. When we make an investment we are entering a working relationship with the company that typically lasts for 5 years or more and and it is important for all parties to get it right. Mianach prefers to appoint a director to the board. This board presence is to bring added value to the investee company and allow access to a growing list of industry advisors, consultants, commercial and corporate contacts around the world. We are focused on quality technologies offering the potential for market leadership and capital gain. It is important that the founders and shareholders understand this aim before an investment is made. A successful partnership is often the key to a successful venture.