We're looking for innovative solutions to problems in the Cape Breton community. The latest round of Intersect Challenge is now closed. The deadline was Wednesday, February 26, 2020, at 11:59 pm AST.
Competition update | March 11, 2020: We didn’t receive many submissions for the latest Intersect Challenge. Was our promotion of the opportunity lacking? Was everybody too busy shoveling in February? Was there simply no relevant solution cooking out there just now?
Either way, the judges decided not to make an award this round. We've introduced Commercial Diving and Marine Services (CDMS) Atlantic to a couple of the entrepreneurs who expressed interest in the opportunity, so here’s hoping the company will eventually get the help it’s seeking.
In the meantime, we’re still interested in hearing from Nova Scotia start-ups with potential technology solutions for the diving industry -- or for other large, globally relevant problems. Be in touch!
Below are highlights about the opportunity. Learn more about Commercial Diving and Marine Services (CDMS) Atlantic's problem and the competition details in the INTERSECT CHALLENGE INFO KIT. You may also want to check out Innovacorp's YouTube live stream.
About Intersect Challenge
Intersect Challenge promotes the intersection of established organizations and entrepreneurship.
Local organizations share a problem or pain they’re experiencing, and aspiring entrepreneurs pitch digital solutions for a chance to win $10,000 in cash and other support.
Start-ups must have a new knowledge-based product or service with less than $1,000,000 in annual sales revenue.
Companies from around the world may apply, but the winner 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.) are eligible and may apply for this competition.
Eligibility details can be found in the info kit.
How do I apply?
Entering was easy. Applicants simply submitted a summary of how their start-up will address the opportunity identified by CDMS Atlantic.
Submissions were made online. Check out the INTERSECT CHALLENGE INFO KIT for all the details and competition requirements.
The winner will receive $10,000 in non-dilutive, non-repayable funding, guidance from seasoned business professionals.
The awards are intended for the establishment and/or future development of the start-up.
A judging committee of representatives from the private and public sectors will determine which entrants become finalists for round two based on the slide submissions.
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.
At an event open to the public, finalists will pitch their business idea to the judging committee to determine the competition winner.
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 submission details will not be disclosed, the competition organizers reserve the right to announce those who advance to subsequent competition rounds. Materials presented during the pitch session will be considered public information.
Intersect Challenge is presented by: