Successful applicants will have a model that can cover its own costs and generate a small financial surplus, creating some breathing room and opportunity for development.
LSV is looking for ventures that have a sales proposition, be that a product or a service, has found paying customers that validate the model. Ideally the customer is local or national government.
Successful entrepreneurs are committed to developing their value offering to something their customers will buy and value the feedback from and lessons learned in the marketplace.
Out of the applications LSV has received (192), 40% have a business model with plausible sustainability, the rest do not.