Read about the companies selected to participate in the first cohort at Start-Up Yard at COVE.
Are you an early stage ocean technology company? Are you looking for the ideal location and resources to accelerate your business growth? Start-Up Yard at COVE may be the place for you!
The deadline to apply to be part of the first cohort at Start-Up Yard at COVE was Friday, March 16, 2018. Interested start-ups were asked to submit their application using the APPLICATION FORM. Check back here soon to learn who scored a spot in the first cohort.
Winners receive $25,000 in non-dilutive funding and access to mentoring, workspace, workshops and experts.
Below are highlights about the opportunity.
About Start-Up Yard at COVE
Start-Up Yard is the incubation facility and accelerator 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 start and 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 aquaculture
- Marine defence and security
- Marine tourism
About the Program
Winners will receive $25,000 in non-dilutive funding. We anticipate five companies to be selected for the first cohort.
The program fee is $5,000 and runs 6-9 months. The cohort will have access to our incubation services, including Start-Up Yard at COVE office space (6 months), internet, consultancy services (e.g., legal, marketing, etc.) and water access. Cohort members will have interim office space at Innovacorp’s Technology Innovation Centre in Dartmouth from April 2018 until Start-Up Yard opening. Members will have mentoring and monthly milestone meetings, and networking opportunities with experts, founders, investors, alumni and COVE members.
The program curriculum includes:
- Potential determined through customer discovery, market research, industry meetings
- Boot camp
- Workshops on topics such as lean start-up, customer discovery, business fundamentals and sales
- Product development
- Intellectual property
- Investor readiness and pitches
Program participants will have the opportunity to present their final pitch and demo at the demo day event at COVE.
Learn more about what the program includes in the Call for First 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 for the cohort.
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 First Cohort INFO KIT.
How do I enter?
The call for our first Start-Up Yard at COVE cohort is now closed! The deadline to apply for the first cohort was Friday, March 16, at 11:59 pm AST. To apply, interested start-ups simply submitted a completed APPLICATION FORM to Kyle at firstname.lastname@example.org.
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 milestone and weekly founder meetings.
Winners will receive $25,000 in non-dilutive funding and access to mentoring, workspace, workshops and experts. Five awards are anticipated for the first cohort.
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 can be directed to Kyle Burton, Start-Up Yard at COVE, Innovacorp, at 902.424.8670 ext. 1406, 1.800.565.7051 ext. 1406, or email@example.com.