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Criteria for Financial Need and Metrics
Introduction
The main objective of the JAS Working Group is to develop a sustainable approach to providing support to applicants requiring assistance in applying for and operating new gTLD.
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The main criterion for evaluation is Need. To be declared financially needy, an applicant should have a mean of total net profit over the 3 last years (for those that have 3 or more years of existence) of less than or equal to US$ 100,000.
Nevertheless, an applicant should also demonstrate its sustained capability to operate the gTLD, and thus should have a mean of total net profit over the 3 last years (for those that have 3 or more years of existence) of more or equal to US$ 70,000.
Those values are arbitrary, and don’t have scientific explanation. But if we assume that the applicant should provide a self funding of at least 30% of the application cost, the amounts above can be reasonable.
If we cannot provide a reason for creating this criteria, it should not be included.
Self declaration
Applicants requesting support must be able to prove that assistance is essential for the application to proceed. Their Application must have been completed and a formal offer of assistance issued before any applicant enters into a commitment to proceed with the project. Applicants would be ineligible for support if they did not provide clear accounting, on a timely basis.
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The main criterion for evaluation is Need. To be declared financially needy, an applicant should have a mean of total net profit over the 3 last years (for those that have 3 or more years of existence) of less or equal to US$ 100,000. Nevertheless,
An applicant should also demonstrate its sustained capability to operate the gTLD, and thus should have a mean of total net profit over the 3 last years (if he/she has 3 or more years of existence) of more or equal to US$ 70,000.
Those values are arbitrary, and don’t have scientific explanation. But if we assume that the applicant should provide a self funding of at least 30% of the application cost, the amounts above can be reasonable.
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Overall potential Applications will also be evaluated on their potential viability and competitiveness having a reasonable chance of success. The gTLD will generally be expected to become profitable within three years. Viability will be assessed by the Applicant’s ability to generate operating cash flows sufficient to repay debt obligations or the Applicant’s ability to secure financing and business from the community.
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*{_}Step 2._* Invite eligible Applicants to participate in the gTLD application process to receive support. _\[2-3\]_ year financial and technical aid. Selection in this step is not ‘all or nothing’, but could include a continuum of support based on the eligible Applicant’s requirements and technical quality of proposals.
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Step 3. Review Applicant’s circumstances
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- ‘capital contribution’--a lump sum;
- ‘income contribution’-- monthly instalments installments from income until the case finishes; and
- ‘base charge’-- repaying full or percentage of base costs of the application if the gTLD is profitable.
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