Successful applicants will be incorporated in one way or another. LSV does not finance ideas of business model development unless it is a local market validation for a previously proven model (for example from abroad).
Applicants can be non-profit entities or for profit corporations. Applicants oftentimes have both a non-profit and a for-profit entity to benefit fully from the range of opportunities these models offer.
Successful entrepreneurs are able to sell their idea to others. Building a team is the first example of this. Applicants do not have to have found their ideal structure yet. LSV is happy to help in developing these over time.
Out of the applications LSV has received (192), 70% are from incorporated teams and 30% are from intrapreneurial innovation teams within existing organizations. LSV does not include non-incorporated initiatives in our statistics.