Evaluation criteria of business plans


CRITERIA OF ACCEPTANCE

The criteria for acceptance  of businesses in the T.I.Z., in accordance with Law 3489/06, Article 12(3), have been set on the basis of a study conducted by A.I.Z. S.A. The study on the evaluation criteria and methodology has been approved by the Board of Directors of A.I.Z. S.A. and the issuance of the relevant Joint Ministerial Decision by the competent ministries is soon expected.

The procedure for granting feasibility licences issued by A.I.Z. is based on specific criteria and aims at the creation of a critical mass of innovative enterprises that will spearhead the Thessaloniki Innovation Zone in the effort to promote innovation as a basic competitive advantage in the wider region of Thessaloniki.

The investment plans under consideration involve innovative enterprises that are interested in establishing themselves within the T.I.Z. Investment plans may refer to :

  • the founding of a new enterprise that intends to establish itself entirely within the T.I.Z.
  • an existing enterprise that intends to establish a new branch of its activities within the T.I.Z.
  • an existing enterprise that is interested in expanding its activities and establishing them all within the T.I.Z.

The entire procedure aims at the issuance of a feasibility licence for the acceptance (or non-acceptance) of the establishment of an enterprise within the T.I.Z., and not at the benchmarking of applications with the aim of ranking them (the method followed in competitive programmes and subsidies). The reasoning behind rating is to try and identify weaknesses in the plan of the enterprise under evaluation, and the remarks of the evaluation can be viewed as indirect assistance for improving it.

Seeing as the acceptance criteria concern establishment within the T.I.Z. and not investment in the venture (direct or indirect), this is not a due diligence procedure, but a qualitative evaluation of the plan’s feasibility in four basic categories of criteria.

A. Innovation / Technology / Know-How
1. Technological innovation as a competitive advantage
2. Technological feasibility
3. Ability to maintain the competitive advantage based on innovation
4. Intellectual property

B. Strategy and business plan 
1. Vision – Mission
2. Placement on the market
3. Financial analysis
4. Investment structure
5. Classification of activity as “knowledge intensive”
6. Sensitivity analysis

C. Development collaborations / Strategic alliances
1. Agreements / Strategic alliances
2. Compatibility of activity

D. Human resources 
1. Research team
2. Business team
3. Job positions – coverage of basic positions


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