Are you an early stage ocean technology company? Are you looking for the ideal location and resources to accelerate your business growth? Applications were due by Friday, September 20, 2019, to join the third cohort at Start-Up Yard at COVE.
Cohort participants receive $22,500 in funding and access to mentoring, workspace, workshops and experts.
Below are highlights about the opportunity and how to participate.
About Start-Up Yard at COVE
Start-Up Yard is the incubation facility at COVE. It helps early stage companies commercialize their ocean technologies and succeed in the global marketplace. It offers programs, incubation space and services, funding, shared equipment, expertise and mentoring.
Start-Up Yard is more than infrastructure and other resources. It is a community – an environment with a strong innovation culture that lets start-ups engage with like-minded entrepreneurs and organizations that can help them grow. It also partners with post-secondary institutions to help drive commercialization of ocean technologies.
Start-Up Yard is targeting the following sectors:
- Marine transportation
- Fisheries and aquaculture
- Marine defence and security
- Marine tourism
About the Cohort Offering
Cohort participants will receive $22,500 in non-dilutive funding. We anticipate five companies will be selected for the third cohort.
The program fee is $2,000.
The cohort will have access to our incubation facility and services, including office space at Start-Up Yard at COVE until March 31, 2020, internet access, consultancy services (e.g., legal, marketing, etc.) and water access. Participants will also benefit from mentoring, business guidance, networking opportunities, and the chance to pitch/demo their venture.
Program curriculum topics include:
- market research
- product-market fit
- business model development
- product development
- customer discovery
- intellectual property
- investment readiness and pitches
Get details about the opportunity in the Call for Third Cohort INFO KIT.
Entrants must be a start-up based in Nova Scotia and must be pre-revenue or in-market with sales of less than $1 million per year.
Past participants of Innovacorp programs (e.g., Demo at Sea, ESCF, etc.) may apply.
Founders agree to participate in the program, which includes monthly milestone meetings. The company will locate at Start-Up Yard at COVE, 27 Parker Street, Dartmouth.
Eligibility details can be found in the Call for Third Cohort INFO KIT.
How do I enter?
Applicants completed the Microsoft Word APPLICATION FORM, answering the questions in the boxes provided, and UPLOADED IT ONLINE HERE. The deadline to apply was Friday, September 20, 2019, at 11:59 pm ADT. Interviews will be held September 30 - October 4, 2019.
NOTE: Companies may locate at Start-Up Yard at COVE without being part of the cohort. Desk fees are $300/month. All Start-Up Yard companies need to participate in regular milestone and founder meetings.
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.
Questions about the upcoming cohort or Start-Up Yard at COVE in general can be directed to Shelley Hessian, Innovacorp, at 902.424.8670 ext. 1123 or firstname.lastname@example.org.