Creating a successful business in the High Tech Park (HTP) is a great opportunity for IT companies and startups to reach a new level of development, gain access to innovative infrastructure, and benefit from favorable tax conditions. However, to become an HTP resident, it is necessary to prepare a high-quality and thoroughly developed business project that meets the park’s high standards and reflects the prospects of your activity.
Preparing an HTP business project is not just a formal procedure. It is a strategic document that demonstrates not only the technical and financial viability of your enterprise but also its potential for growth, innovative approach, and contribution to Belarus’s digital economy. The success of your admission to the HTP and the future development of your company largely depend on how carefully and competently this project is prepared.
In this material, we will examine the key sections that a business project should include, what to focus on when preparing it, and provide recommendations on structuring and presenting the information. With this knowledge, you will be able to create a document that accurately reflects your goals, capabilities, and competitive advantages and convinces HTP experts of the viability of your business.
If you plan to become a resident of the High Tech Park, creating the right business project is the first and most important step on the way. Follow our advice, and your project will become a reliable foundation for a successful start and development within one of the most dynamic and innovative communities in Belarus.
General Requirements for an HTP Business Project
For the successful consideration of an application and obtaining resident status in the High Tech Park, your business project must meet several key requirements established by the government to help experts assess the prospects and stability of your company. Understanding these requirements will allow you to prepare a high-quality and competitive document.
1. Clarity and Structure
The business project must be logically structured and easy to understand. Each section must be distinguished and consecutively reveal the key aspects of the business, from product description to financial indicators. A clear structure helps experts quickly grasp the essence of the project and its potential.
2. Focus on Innovation and Technology
The HTP supports high-tech and innovative companies. Your project must contain a detailed description of the product or service, emphasizing its technological novelty, unique features, and competitive advantages. Demonstrating an innovative approach is one of the main criteria for approval.
3. Feasibility and Justification
It is important that all forecasts and plans in the project are realistic and backed by facts, market analysis, and the team’s experience. This applies to financial calculations, risk assessment, and development strategy. Excessively optimistic assumptions should be avoided — HTP experts value a well-founded and balanced approach.
4. Team Potential
The experience and competencies of the team implementing the project are key. The business project should include a detailed description of education, professional achievements, and the role of each team member. A strong and well-balanced team increases trust in the project.
5. Clear Understanding of the Market and Target Audience
The project should contain an in-depth analysis of the market the company is targeting. It is necessary to demonstrate an understanding of demand, competitive environment, as well as the key needs and preferences of the target audience. This helps prove that the product or service will be in demand and able to occupy its niche.
6. Completeness of the Financial Model
The financial part of the project should include revenue and expenditure forecasts, investment plans, as well as an assessment of the timing for reaching break-even and profitability. Experts evaluate how viable and balanced the financial model is, as well as whether you are ready to manage resources efficiently.
7. Compliance with the formal requirements of the HTP
Besides the content, the business project must meet the established formal requirements for document format, volume, and submission. It is important to follow the guidelines on structure, style, and deadlines to avoid technical reasons for refusal.
Business project evaluation
When reviewing an application to join the HTP, first the Secretariat of the Supervisory Board and then the Supervisory Board itself evaluate not only compliance with formal requirements but also the substantive part of the business project, its realism, and development potential.
In particular, the business project must confirm that the company’s activities fall within the list of permitted activities of the HTP, such as software development, data processing, cybersecurity, artificial intelligence, and other high-tech fields.
Main sections of the business project
When preparing a business project for joining the High Technologies Park, it is important to structure the document properly and include all the key information about the company’s activities, strategy, financial forecasts, and social responsibility. The project must meet the HTP requirements and demonstrate the potential of the company as an innovative enterprise focused on developing high-tech areas.
It is recommended to consult experienced lawyers when drafting the business project or entrust them with document analysis and project preparation. This will help avoid typical mistakes and increase the chances of successful approval of the application.
The main sections of the business project include:
1. Summary
A brief description of the business model, company specialization, planned developments, key financial and economic results, and project timelines.
2. Description of the company and its development strategy
This section provides a detailed account of the company’s history, mission, goals, and key competencies. It is important to justify why your company intends to become an HTP resident.
Key points:
- Company history and information about the founders, company experience.
- Main areas of activity, IT specialization, business model, and taxation system.
- Team: managers and key specialists, their experience and qualifications.
- The company’s main assets and resources.
- Growth strategy for 3–5 years: plans for expansion, entry into international markets, and staff increase.
3. Description of product or service
Here, it is necessary to describe in detail the product or service the company plans to offer, emphasizing its uniqueness and alignment with the IT sector.
Important aspects:
- Description of product/service: software development, AI solutions, mobile applications, SaaS, etc.
- Technological base: used technologies, programming languages, and platforms.
- Competitive advantages: uniqueness and differentiation from similar solutions.
- Target audience: potential customers, problems solved, and sales markets.
- Development stage: product readiness (MVP, prototype, full solution).
4. Market analysis
Justification of demand for the company’s products or services, analysis of markets where it plans to operate, and value for clients.
5. Current and planned financial results
HTP requires demonstrating financial stability and prospects for long-term development.
Key points:
- Forecast of income and expenses, including revenue, cost, and profitability.
- Planned growth: profit forecast, investment payback periods, team expansion.
It is important that financial indicators are realistic and substantiated, since inflated or unreliable data may lead to the refusal of HTP resident status.
6. Investment plan and investment objects
This section is usually presented in the form of a table where all indicators are given in thousands of Belarusian rubles, broken down by years. The investment plan lists the fixed assets, which include:
- Capital buildings.
- Computing and office equipment.
- Motor vehicles.
- Other equipment.
In addition, Intangible assets include:
- Software.
- Inventions, utility models, industrial designs.
- Topologies of integrated circuits.
- Trademarks and service marks.
- Know-how and manufacturing secrets.
- Other intellectual property objects.
7. Corporate Social Responsibility
The high-tech park supports companies that not only develop the IT sector but also actively participate in community life. This section is important for showcasing which social projects and initiatives the company plans to implement.
The main directions include:
- Development of human resources — support for educational programs, internships, and young specialists.
- IT volunteering — providing free consultations, creating social applications, and participating in charitable initiatives.
8. Company Profile
This section is filled out according to a set template and contains key information about the company: organizational and legal form, registration details, size of the authorized capital, and its distribution among the founders. It also reflects information about the company’s shares in other business projects and investment initiatives.
A carefully prepared and detailed business project significantly increases the chances of a positive decision on the application for entry into the high-tech park. The document must be structured, realistic, and include all necessary information. If your company lacks experience in drafting such projects, it is strongly recommended to consult qualified lawyers and advisors who will help meet all requirements and increase the likelihood of approval.
Where to submit the business project and how its review proceeds
The prepared business project, along with the necessary documents, is sent to the Secretariat of the Supervisory Board of the high-tech park. After a preliminary review, the document package is forwarded for consideration by the Supervisory Board itself.
The application review usually takes up to one month. However, in some cases, the Supervisory Board has the right to initiate additional expertise of the presented business project, scientific-technical, or legal. Independent specialists may be involved in this process: auditors, scientific institutions, consulting organizations, as well as experts in law and technology. In this case, the review period may be extended, but by no more than 10 calendar days.
If the results of the expertise are negative, the Supervisory Board has the right to refuse the company the status of a resident of the high-tech park.
Considering the complex procedure and the need to comply with all formal and substantive requirements, we strongly recommend consulting experienced lawyers before submitting the business project. Professional legal support will help not only to properly prepare the documents but also to avoid possible refusals related to project deficiencies.
Conclusion
The business project for entry into the high-tech park is not just a formality but a key document that must convincingly demonstrate the innovation, sustainability, and prospects of your company. It requires a clear structure, justified financial forecasts, compliance with the priority directions of the high-tech park, and the company’s readiness for socially responsible activity.
Given the complexity of preparation, numerous formal and substantive requirements, as well as possible additional expertise, it is extremely important to approach the project preparation professionally. Errors in wording, inaccurate data, or an insufficiently developed strategy may be grounds for refusal of registration.
If you want to increase your chances of a positive decision and avoid unnecessary risks, we recommend contacting our experienced lawyers. We can structure and format the business project, taking into account the current requirements of the high-tech park, accompany the document submission, and support you at all stages of the procedure for joining the high-tech park.
