Q: If we miss SVT Immersion Program this time, when will be the timeline for the next SVT Immersion Program?
A: The next Immersion Program will be started in the spring next year. The exact date will be decided at the beginning of next year. Typically, there are two Immersion Programs a year. One in the spring and one in the fall.
Q: We’ve already taken some funding. Can we still apply?
A: Sure, no problem.
Q: Do we need a complete team to apply for the SVT Immersion program?
A: Not necessarily at this stage. To be successful, you do need a complete team essentially.
Q: Can we do it without moving to Silicon Valley?
A: Sorry, no. We believe Silicon Valley is a unique place for start-up companies and is hard to be duplicated. Also, our mentors are here.
Q: Why we are not being accepted?
A: We will take your application only if there are two Angels or more in our group who are willing to mentor your project. It is a competition, mentor expertise, preference, and bandwidth issue.
Q: Will you sign an NDA? How do I know my idea is protected?
A: No, we will not sign an NDA. Venture capitalists in Silicon Valley do not sign NDA with startup teams since similar ideas are floating around, and the key to success is execution. However, the information you provide will only be shared on a need-to-know basis. We also encourage you not to disclose any proprietary information.
Q: Will SVT Angels make a direct investment into my company?
A: SVT Angels is not an investment fund therefore it will not be able to invest cash into the company. However, the individual angels or their affiliated organizations may consider an investment if the company shows promising future.
Q: Will SVT help me raise my next round of financing?
A: It is not part of the program. But we think the program will indirectly benefit your goal of raising next financing.
Q: My team is not located in Taiwan, can I apply?
A: Currently we only accept the application from Taiwan and Silicon Valley.
Q: My company has been in business for a while, can I apply?
A: Yes, if you think your company can be benefited by this program.
Q: Do I have to be a Taiwan or US company to apply?
A: Taiwan, US, or offshore registered companies are all welcome.
Q: My business is not in high tech, but in food, or agriculture, can I apply?
A: The angels know lots of fields but may not know all. If you believe we can be helpful, please apply.
Q: My target market is not the USA, should I apply?
A: By all means, if you think this program can benefit you.
Q: Can I submit multiple applications?
A: We suggest you to choose the most promising one to apply.
Q: Should I come over to make a personal pitch to SVT Angels?
A: We will only select the finalists from the applications submitted through the web.
Q: I am not proficient enough in English, shall I apply?
A: Find an English tutor immediately. Your gain from this program will be much less if you cannot converse comfortably in English.
Q: Three months is too long for us, can we stay shorter?
A: We believe three months will help you truly immerse into Silicon Valley's culture. If you cannot commit to three months, we suggest you wait until your schedule allows.
Q: Will we have workspace?
Q: What is the arrangement for travel, accommodation, insurance, or local transportation?
A：SVT will provide the minimum support. Anyone who has traveled abroad knows how to take care of the arrangements. But you should only worry about it when you are chosen as a finalist.