Veratak is the for-profit complement to its non-profit sister organization, Katerva. Veratak will leverage the demonstrated ability of Katerva’s global expert network to identify from the Katerva pool of nominees those firms that have proven, scalable innovations that need growth capital and business support to realize their potential. Essentially, Veratak will take on an integral partnering role for selected firms by providing:
- Validation and guidance of the commercial potential of their technology or process, including an assessment of the operational and supply chain constraints;
- Market and channel development assistance in building representation, joint venture and distribution relationships by accessing Veratak/Katerva’s extensive global relationship network;
- On-going mentoring, administration and operations as needed to achieve the company’s business objectives using the Veratak/Katerva network of globally-based seasoned professionals and those of strategic partners; and
- Capital to ensure that the selected companies have the financial resources to achieve success. Veratak will invest directly in these companies through a fund to be formed that will make co-investments in collaboration with like-minded institutional and individual investors.