Eligible applying investors must prove they are completely independent from the investee i.e., a founder or related parties to the founder are not eligible to apply. If related parties are involved in the investment round, the Hugh Victor McKay Fund will not co-invest on the related party funding amount. Related Parties include spouse, child, parent, grandparent, brother, sister, uncle, aunt, nephew, niece, lineal descendent or adopted child. If a relationship exists where services are provided in lieu of equity this is also considered to be a related party. Any funding provided by a public fund or grant also must be declared. The Hugh Victor McKay Fund will not co-invest on the funding provided by related parties or by public funds or grants.