The Sprint Competition is for early stage software-based technology companies in Nova Scotia. Winners receive up to $25,000 and guidance from seasoned business professionals to put their ideas into action. The goal of Sprint is to find and support high potential, early stage knowledge-based companies, and encourage entrepreneurial activity in the province.
Sprint is now closed for submissions. The deadline for Sprint submissions was Friday, December 21, 2018, by 11:59 pm AST.
Below are highlights about the opportunity. You'll also find details in the SPRINT INFO KIT.
We’re looking for the best early stage software-based technology companies in Nova Scotia. If that’s you, tell us about your venture.
Sprint participants will have regular meetings with Innovacorp to work on their milestone plan. They will also attend three workshops on key subject areas to fast-track their progress: product management, B2B sales and pitching to investors. Participation in the coaching sessions and workshops is mandatory.
Entrants must be a start-up based in Nova Scotia. They must have a new knowledge-based product or service with a completed or near completion Minimum Viable Product (MVP). Entrants must not have secured more than $250,000 total in non-dilutive and/or equity funding since inception. Funds awarded will be used to support the completion of prototypes or preparation for taking the product or service to market.
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.
Entrants must be an early stage software-based technology company in any sector. We’re especially interested in start-ups from the information technology, life sciences, clean technology and ocean technology sectors. However, we welcome submissions for any software innovation with big market potential.
Winners of Innovacorp’s I-3 Technology Start-Up Competition and Spark competitions are ineligible to apply to Sprint with the same product or service from the winning submission but may apply with a different product or service and a different company. Past participants of Innovacorp’s Accelerate Program and Innovacorp investment portfolio companies are ineligible for this competition.
Eligibility details can be found in the SPRINT INFO KIT.
How do I enter?
Entering was easy. You simply completed the application form available on our website, answering the questions in the boxes provided, and then submitted the document at www.innovacorp.ca/sprint-submission by Friday, December 21, 2018, at 11:59 pm AST.
Winners will receive up to $25,000 in non-dilutive, non-repayable funding as well as guidance from seasoned business professionals.
The amount awarded will be determined by the judging committee. A total of $100,000 will be awarded.
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.
Sprint is presented by: