The Blue Solutions Start-Up Challenge is now closed for submissions.
Blue Solutions is a competition to build on the increasing ocean technology development across our region and to ignite the start-up community in Nova Scotia.
The deadline to apply was Thursday, October 12, 2017, at 5:00 pm AST.
Below are highlights about the opportunity. Learn more about the problem statements, competition requirements and start-up weekends in the BLUE SOLUTIONS INFO KIT.
About Blue Solutions
We’re looking for innovative solutions to problems in the ocean sectors. Tell us about your solution to one of our ocean industry problems or a challenge you've identified.
You could win cash and business guidance to put your ideas into action.
Entrants must have a new knowledge-based product or service with annual sales revenue of less than $1,000,000 CAD.
Funds awarded will be used to support the completion of prototypes or preparation for taking the product or service to market.
Start-ups must have a new knowledge-based product or service with less than $1,000,000 CAD in annual revenue.
Companies from around the world may apply, but winners must be registered as a business in Nova Scotia for funds to be released.
Entrants must be the majority owner(s) (51 per cent or more) of the start-up and plan to work full-time with the business in Nova Scotia.
Past participants of Innovacorp programs (e.g., Demo at Sea, ESCF, etc.) may apply for this competition.
Eligibility details can be found in the BLUE SOLUTIONS INFO KIT.
How do I enter?
Blue Solutions is closed for submissions! The deadline to submit your application was Thursday, October 12, 2017, at 5:00 pm AST. Entering was easy. You simply submitted your summary on how your start-up will address one of our five problem statements or an ocean industry challenge you've identified. SUBMISSIONS were made online. Check out the BLUE SOLUTIONS INFO KIT for all the details and competition requirements.
Round one winners will receive up to $10,000 in non-dilutive, non-repayable funding (based on expense claims) and guidance from seasoned business people. Up to 10 awards are anticipated for this round.
Awards are intended for the establishment and/or future development of the start-up.
Round two finalists will pitch their prototypes and business concepts to the judging committee, vying for up to $50,000 in non-dilutive, non-repayable funding. At least two awards are anticipated for this round.
A judging committee of representatives from the private and public sectors will determine who receives financial support in round one, and who receives additional support at the end of round two.
Submissions will be evaluated on the quality of the product or service, industry knowledge and management experience, barriers to competitive entry, market size and credibility of plans to reach key milestones.
All submissions will be treated confidentially and will not be made available to the public. Only those directly involved in managing or judging the competition will view submitted documents. While summary details will not be disclosed, the competition organizers reserve the right to announce those who advance to subsequent competition rounds.
Blue Solutions is presented by: