The venture capital market board is primarily dedicated to companies, even start ups who are still in their phases of growth and may not have grown well enough to meet the listing  equirements on the main board, as such the venture capital market board has less stringent listing requirements. The following are some of the conditions that companies must meet in order to list on the venture capital market board:

• Subscribed capital of at least P2 500,000.00;
• Mode of operation and business plans with credible forecasts of profits. No profit
  history is necessary;
• At least 10% of each class of shares shall be held by the public;
• Initial price of each share shall not be less than 50 thebe;
• The number of public shareholders shall be at least 100 for equity shares and 50
  for preference;
• Directors and Managers have successful records of achievement in their
  respective roles; and
• Listing prospectus must clearly bear a warning about the speculative nature of
  the investment in such a company.