Intel Capital is an invitation-only club. The perks come only after a rigorous screening process. Here’s how it works:
Before it invests, Intel Capital makes sure that a company fits with the overall corporation’s strategy. In every case, a business unit performs technical due diligence on a potential portfolio company. Once that’s complete, an Intel Capital investment manager leads the prospect through a formal concept approval process.
The startup must make a proof-of-concept’ demonstration before the same group who will ultimately decide whether or not Intel Capital will invest.
Before Intel Capital invests, a business unit must confirm that the technology is strategic. Only one kind of investment, known as an “eyes and ears” deal, doesn’t need such approval. That’s because it’s typically something that’s years away from being commercially viable.