The Regional Enterprise Growth Council evaluates proposals for the 'Pioneer Tech Grant'. As of July 1, 2026, to be eligible for the grant, an enterprise must satisfy the following criteria:
1. Be registered for at least 3 years.
2. Have an annual turnover of not less than 500,000 USD but not exceeding 2,000,000 USD in the previous financial year.
3. Have at least 25 full-time employees, out of which a minimum of 40% are women.
4. Be operating a project strictly in 'Green Energy' or 'Healthcare Tech'.
Exceptions:
If an enterprise satisfies all criteria EXCEPT:
(A) criterion (2), but has secured at least 300,000 USD in venture capital funding, the case is to be referred to the Advisory Committee.
(B) criterion (3), but is founded and currently led by a female CEO, the case is to be referred to the Director of Operations.
Based on the above criteria, match the following enterprises to their appropriate administrative decision. Assume all unstated facts meet the criteria.
- NovaTech Solutions: Registered May 2021. Turnover last year: 850,000 USD. Employees: 30 (15 women). Sector: Healthcare Tech.Grant Approved
- EcoSpark Innovations: Registered January 2022. Turnover last year: 400,000 USD. Secured 350,000 USD in VC funding. Employees: 40 (16 women). Sector: Green Energy.Referred to Advisory Committee
- MediCore Systems: Registered August 2020. Turnover last year: 1,200,000 USD. Employees: 28 (8 women). Led by female CEO Sarah Jenkins. Sector: Healthcare Tech.Referred to Director of Operations
- GreenFuture Tech: Registered February 2024. Turnover last year: 600,000 USD. Employees: 50 (25 women). Sector: Green Energy.Application Rejected