$250,000 to $1million
Over the next 2 to 3 years.
The fund will take an equity stake in the company but not a board seat. Airware will not have an equity stake in the company or control terms of any kind.
The commercial drone ecosystem is global. The fund will be investing in companies in the US, Canada, Australia, the UK, the EU, and potentially other regions. At a minimum, the company must be structured as the equivalent of a US Corporation for income tax purposes, not be a “Controlled Foreign Corporation” or a "Passive Foreign Investment Company."
Airware and the Commercial Drone Fund are separate organizations. That being said, Airware may enter into partnership arrangements with fund recipients including co-marketing, early-access to product, flight testing support, and help with FAA Section 333 exemption applications.
No. While many of the fund recipients are using Airware’s Aerial Information Platform or are in the process of making their products and services compatible with the Platform, doing so is not a requirement for funding.
Absolutely not. It is not the intention of Airware or the Commercial Drone Fund to limit the customers or partners your company can work with in any way. We advise entrepreneurs to be careful and to not take investment capital from investors who seek to control who their company works with.
Yes. Business benefits include co-marketing and partnership opportunities with Commercial Drone Fund portfolio companies and Airware ecosystem partners, introductions to investors, and pre-qualification for additional investors.
Jonathan Downey, Airware’s CEO and Managing Partner of the fund will help advise entrepreneurs invested in by the Commercial Drone Fund on issues ranging from raising follow-on capital to growing your team and the business. Additional members of the team from Airware may be involved on an as needed basis.
In many cases, yes.
Airware may share non-public information under a non-disclosure agreement (NDA) with partners including companies invested in by the Commercial Drone Fund.