Stephen Crowe answers
your common ESIC questions
Early Stage Company
I have looked at the ESIC 100-point innovation test and I don’t meet all the criteria. Does that mean I’m not an ESIC?
No, in fact, it could be quite the opposite.
The 100-point innovation test is a cumulative points system, and you do not need to satisfy all of those criteria. For example, we have clients who are ESIC ready after meeting only 2 of the criteria.
You can also qualify as an ESIC by meeting the principles based test.
Spend 5 minutes using our free online ESIC Predictor let us calculate your 100-points entitlement and you will immediately see your self-assessed ESIC status.
Even if you are not currently an ESIC, this does not disqualify you from being an ESIC in the future. Your circumstances may change as early as tomorrow and we recommend you stay connected with ESIC Hub. Re-evaluate your ESIC status using the ESIC Predictor as often as needed, it’s free or just contact us.
Just another friendly reminder this answer is dictated by Australia’s tax laws, sorry. In the ESIC environment, your status is dynamic and is affected by a multitude of factors that can change daily in a business environment.
Each and every time you are planning to raise capital you will need to ascertain your current ESIC status, which may be different from the previous time and that may be good news for some and a surprise to others.
In the course of your business lifecycle, you may find yourself being ESIC qualified on 1 occasion or 1000 occasions.
Spend 5 minutes using our free online ESIC Predictor let us calculate your 100-points entitlement and you will immediately see your self-assessed ESIC status. A friendly reminder to use this function as often as you need to re-evaluate and to stay connected with the ESIC Hub team.