IBC is looking to find the right strategic partners to bring their expertise from their respective fields to Cornell Gates and our other projects. The key to our growth and replication plan is to find and form relationships with companies who understand not only our concepts, but more importantly how we intend to grow in future in multiple fields.

In addiiton, IBC is looking for:

• Licensees
• Franchisees
• Strategic Partners
  

We have numerous criteria for assessing potential Joint Venture (JV) or Business Partners, including looking for partners with:

• Well recognized brands & reputations
• A proven history of implementation and execution
• Marketing expertise
• An entrepreneurial approach
• The ability to work in a different framework/paradigm that’s entrepreneurial and socially driven (based on the philosophy “You do well by doing good” & “Less is more”)

For those interested in this project, an arrangement can be made for a possible Joint Venture or Business Partnership. There are a number of entry strategies for creating a deal including variations to some of the strategies listed below:

1. We will give the JV partner the opportunity to decide on the percentage participation in the project, and on his role, either active or silent. Our group’s preference is to find an active partner with Real Estate experience that can act at least as a Development Management entity or as owner representative.
   
   
2. A JV partner can buy the 20 acre property from us and hold it in his balance sheet for $12 million dollars for a period of 5 years, with a buy-back arrangement under a contract or an option (terms are negotiable) at a fixed price of $20 million dollars. This includes capital and return to the partner. During this period, IBC will have the right to continue the work on the property for its development plan. This will add tremendous value in the property during the holding period. At the end of 5 years, the partner will still have the following options:
   a. Turn his financial participation into equity in the project and be entitled to a percentage of the project based on fair market valuation minus 10% discount;
   b. Sell the property back to IBC, but continue to act as Development Management entity on behalf of IBC;
   c. Sell the property back to IBC, but for less than $20 million, and convert the remaining amount in equity in the project.
   
   
3. A JV partner will have the opportunity to get the rights for selling the finished product (e.g. retail condo, hotel condo, residential condo) both in local and international markets for a fee. The JV partner has to prove that he has the expertise, tools, resources and the vision to promote and sell such unique project.