What is the eligibility criteria for companies that come for venture capital financing?

Whenever a firm looking for funding from the VC’s, they check the following things for their approval:

  1. The firm should be technically feasible.
  2. Commercially viable.
  3. Competence should be high.
  4. They should have a competitive advantage.
  5. Legality of the proposal.
  6. Future prospectus.