Innovacorp’s Accelerate Program helps entrepreneurs get investment ready and immigrate to Nova Scotia.

If you have a high potential start-up approaching investment readiness and want to move your business to Canada, we can help.

The Accelerate Program is now closed for submissions. The deadline for applications was Tuesday, September 8, 2020, at 11:59 pm ADT. The program will run from October 1, 2020, to March 31, 2021.

Target sectors for this program include information technology, clean technology, life sciences and ocean technology. We’re especially interested in deep technology opportunities, which we define as technology based on a scientific discovery or new engineering innovation. However, we welcome submissions from any sector.

Participants will receive $50,000 in non-dilutive, non-repayable funding to address key technical and business milestones. Up to eight awards are available. Funding will only be available to international applicants that move their business to Canada. We can help entrepreneurs immigrate to Nova Scotia under our Start-Up Visa Program. In addition to funding, companies will get access to a series of acceleration activities and resources. All aspects of the program are accessible virtually, with the exception of usage of Innovacorp's incubation facilities. Participants should make every effort to take advantage of all the activities and resources offered.

Eligibility

Location:  International applicants must be registered and based in Nova Scotia by March 1, 2020
Financing:  Less than $1 million in cumulative sales; less than $250,000 equity investment raised to date
Stage:  In addition to having identified a large market pain and market opportunity and having established a company around a customer-validated solution, competitive applicants will have conducted a thorough competitive analysis and achieved proof of concept. The stage of an applicant’s product development may vary depending on sector; however, competitive candidates are generally expected to have completed – or be well on their way to completing – a prototype or minimum viable product.
Sectors:  Target industries include information technology, clean technology, life sciences and ocean technology. We’re especially interested in deep technology opportunities, which we define as technology based on a scientific discovery or new engineering innovation. However, we welcome submissions from any sector.
People:  Founders and/or managers have industry knowledge, management experience and commitment to the venture
Market:  Large, growing international market
Competition:  High barrier to competitive entry
Execution:  Credible plan to reach key milestones
Exclusions:  Innovacorp investment portfolio companies are ineligible for this opportunity

How to Apply

Innovacorp’s Accelerate Program is now closed for submissions. Entering is easy. Applicants were asked to complete the Microsoft Word APPLICATION FORM, answering the questions in the boxes provided, and then upload their submissions online. Please note that Innovacorp is unable to accommodate updates once summaries are submitted.

For more information, contact Kristen Fortune via email or by phone at 902.424.8674 ext. 1604 or 1.800.565.7051 ext. 1604 (Toll Free in Atlantic Canada).