When a canidate enters Seed Out, an in-depth verification process take place to ensure that tha canidate meets the required criteria of reliability.
The 7 stage s for evalution are as follow:
Collects basic information and details of the candidate through filling out forms.
A background check is done by visiting the candidates’ home, interviewing their family members as well as their neighbors etc. Pictures of their living conditions are taken and their GPS location is marked.
Verifies the information collected by credit officers by visiting the candidates personally and having conversations with them to check their potency.
Verifies financial documents of the candidate.
Verifies relevance of his entrepreneurial idea and is responsible for number crunching. He assesses whether the idea is viable and then makes sure that all legal requirements are covered.
Publishes the candidate’s story.
Verifies the entire process all over again.