1. Initial Screening:

• Evaluate the project's alignment with Salem Ventures’ mission, investment thesis, and sustainability goals using a set of screening questions.
• Assess the project's potential impact, financial viability, and strategic fit.

2. Preliminary Assessment:

• Conduct an initial review of available information, including business plans, financial statements, market analysis, and legal documentation.
• Evaluate the project's management team, their experience, and track record.
• Identify potential risks and challenges associated with the project.

3. In-depth Analysis:

• Perform comprehensive financial analysis, including revenue projections, cost structure, and cash flow analysis.
• Conduct market research and analysis to assess the project's competitive landscape, market size, and growth potential.
• Review legal and regulatory compliance, intellectual property rights, and any potential legal risks.
• Evaluate the project's operational capabilities, scalability, and potential for innovation.

4. ESG Assessment:

• Evaluate the project's environmental, social, and governance practices and their alignment with Salem Ventures’ sustainability goals.
• Assess the project's impact on key ESG factors, such as climate change, social equity, labor practices, and corporate governance.

5. Due Diligence Meetings:

• Arrange meetings with the project's founders, management team, and key stakeholders to gain deeper insights into their vision, strategy, and execution plans.
• Seek clarification on any outstanding questions or concerns.

6. Expert Engagement:

• Engage industry experts, consultants, or advisors with relevant expertise to provide additional insights and validation of the project's viability.