Here is the official eligibility. Does make sense to set the bar high initially and loose it slowly afterwards.

Eligibility

-You graduated from a US university or participated in a US acceleration/incubation program, entrepreneurial boot-camp, etc.;

-Your company is underway in terms of incorporation, financing and corporate governance;

-Your company has been accepted as a member of the VDC; and

-You possess the necessary skill, experience and talent to qualify for an H-1B visa.