High Growth Company
For companies which have not been in existence for more than five years at 17 September 2011 and have a current new equity requirement of at least €500,000 (or sterling equivalent), which is clearly demonstrated in the business plan. Companies with substantial sales targets are eligible to enter this category. "Substantial sales targets" means cumulative projected sales in excess of €5m (or sterling equivalent) by Year 3, 4, or 5. These sales targets must be reflected in the financial projections.
Emerging Company
For companies which have not been in existence for more than three years at 17 September 2011 and have a current new equity requirement of at least €100,000 (or sterling equivalent), which is clearly demonstrated in the business plan. Companies with cumulative projected sales targets of less than €5m (or sterling equivalent) by Year 3, 4, or 5 are eligible to enter this category. These sales targets must be reflected in the financial projections.