Software

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Software-Only, Non-Regulated Digital Technologies

Startups commercializing software-based innovations where the core intellectual property lies in the software itself—such as algorithms, analytics, AI/ML models, data platforms, or digital tools—and where the product can be brought to market without specialized hardware or regulatory approval.

The value in this category resides in the software’s functional capabilities, including its algorithms, code, models, analytics, and digital workflows—not in content, curriculum, or validated assessment materials.

Launch Term

Requirements

Equity
 		5% equity at the founder’s round.  Anti-dilution through series A or capital raise of $500 Thousand. 
Annual License Payments
 
  • $0: Year 1
  • $10,000: Years 2 - 4
  • $20,000: Years 5 – 6
  • $40,000 Years 7+ 
Royalty (based on cumulative revenue)
 
  • 2%: Less than $5 Million in revenue
  • 3%: $5 Million to $20 Million
  • 4%: Greater than $20 Million 
Annual Minimum Royalty Payments until first commercial sale
 
  • Years 2 - 5; $10,000
  • Years 5+; $25,000
Sublicense Revenue Share
 
  • 40% (Pre-Series A)
  • 20% (Post-Series A) 
Patent Expense Reimbursement
 
  • Two year deferment for past patent expenses.  
  • On-going International expenses prepaid.
  • On-going US patent expenses paid as incurred.  
Diligence Milestone
  • Raise at least $500 Thousand in capital funding in 3 years.
  • First commercial sale of licensed product in 5 years.

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