Innovacorp’s Accelerate Program helps Nova Scotia technology companies get investment ready. If you have a high potential start-up approaching investment readiness, we can help. (If you're living outside Canada, click here to learn about the global stream.)
The Innovacorp Accelerate Program is now closed for submissions. The deadline for applications was Monday, September 10, 2018, at 11:59 pm ADT.
Below are highlights about the opportunity. You'll also find details and program schedules in the info kits. For blue and green technology companies, please review the CleanTech Accelerate Program Info Kit. For medical technology companies, please review the MedTech Accelerate Program Info Kit.
The program will be held from October 2018 to March 2019. Shortlisted companies will be notified by September 14, 2018, and invited to present to the selection committee the following week. We will work with applicants to accommodate schedules as much as possible.
Participants will receive up to $50,000 in non-dilutive, non-repayable funding per company to address key technical and business milestones. Funding will be provided to program participants as a reimbursement on expense claims. Receipts are required.
In addition to funding, companies will get access to a series of acceleration activities and resources. Resources will be tailored to the cohort to provide support where participants need it most. Workshops are mandatory and participants should make every effort to take advantage of the other activities and resources offered, including:
• Monthly advisory service from Experts in Residence (EiR). EiRs will be available to provide one-on-one advice in four core business areas: product management, venture finance, start-up governance, and human resources and culture.
• Monthly workshops on special topics such as regulatory planning, IP strategy and investment readiness.
• Market intelligence through the MaRS Market Intelligence Services program. Participants will receive information about their industry, competitors, market, potential investors and partners, and best practices. The MaRS team of analysts and information specialists have industry knowledge and access to top proprietary databases, reports and statistics.
• Shared office space in our one of our incubation facilities. Medical technology companies will land at our state-of-the-art facility for life sciences companies, the Innovacorp Enterprise Centre (IEC). IEC is connected to the Life Sciences Research Institute and Halifax’s busy knowledge hub: universities, hospitals, the Brain Repair Centre, and the National Research Council – all a stone’s throw away. Blue and green technology companies will receive space at Innovacorp’s Technology Innovation Centre (TIC). TIC is located just minutes from downtown Dartmouth and the Centre for Ocean Ventures and Entrepreneurship (COVE), and offers a range of resources, including enterprise-grade voice and data networks, meeting space, and support from being part of a community of start-ups.
Applicants must be a registered start-up based in Nova Scotia with a ocean, agricultural, clean, or medical technology product and/or service. Details on how to register with Nova Scotia Registry of Joint Stock Companies (RJSC) are available from Service Nova Scotia.
Location: Nova Scotia-based*
Stage: Early stage (less than $1 million in cumulative sales) and technology moving towards achieving a Technology Readiness Level 3
Sectors: Ocean, agricultural, clean, and medical technologies
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
*If you’re outside Canada and interested in the program, click here to learn about the global stream.
How to Apply
The Innovacorp Accelerate Program is now closed for submissions. The deadline for applications was Monday, September 10, 2018, at 11:59 pm ADT. We asked applicants to use our Microsoft Word APPLICATION FORM, answering the questions in the boxes provided, and then SUBMIT IT TO US VIA EMAIL.
All applicants will be notified about the results by September 14, 2018. Shortlisted applicants will be invited to present to the selection committee the following week. For all the details, check out the CleanTech Accelerate Program Info Kit and the MedTech Accelerate Program Info Kit.
For more information, contact Megan Maltby via email or by phone at 902.424.8670 ext. 1147 or 1.800.565.7051 ext. 1147 (Toll Free in Atlantic Canada).
For more information about the global stream, contact Ding Fan via email or by phone at 902.424.8670 ext. 1603.