If you have a high potential clean technology start-up approaching investment readiness, we can help.
Innovacorp’s CleanTech Development Program is now closed for submissions. The deadline for applications was Thursday, January 11, 2018, at 5:00 pm AST. Start-ups were asked to complete the APPLICATION FORM, answering the questions in the boxes provided, and submit it to us via email.
Participants will receive up to $50,000 in non-dilutive, non-repayable funding to address key technical and business milestones. Companies do not need to request the full amount.
Funds can be used to address gaps related to investment or commercial readiness such as management expertise, business and financial planning, go-to-market strategies, intellectual property protection, and technology development. Funds cannot be used for founder/owner salaries. (Find a detailed list of eligible expenses and exclusions here.) All costs must be incurred and all expense claims submitted by March 31, 2018.
Applying is easy. Download the APPLICATION FORM today.
Applicants must be a start-up venture based in Nova Scotia with a blue or green technology product and/or service.
Location: Nova Scotia-based and registered with Nova Scotia Registry of Joint Stock Companies (RJSC)
Stage: Early stage (less than $1 million in cumulative sales) and technology that is achieving at minimum a Technology Readiness Level of Three (At TRL 3, active research and design begins, with analytical and laboratory studies to determine whether the technology is viable and ready to proceed through the next development steps. During TRL 3, a proof of concept is often built.)
Sector: Blue and green technologies, including ocean, agri- and clean technologies
People: Founders and/or managers have industry knowledge, management experience and commitment to the venture
Market: Large, growing international market
Competition: High barrier to competitive entry
Execution: Credible plan to reach key milestones
Exclusions: Innovacorp investment portfolio companies are ineligible for this opportunity
Funding will be awarded to companies whose applications clearly:
- Describe their business venture
- Identify gaps in investment readiness
- Present a credible plan to address gaps within three to nine months
- Demonstrate a high likelihood of securing investment at program completion
All submissions will be treated confidentially and will not be made available to the public. Only those directly involved in managing the program or evaluating applications will view submitted documents. While submission details will not be disclosed, Innovacorp reserves the right to publicly announce program participants.
For more information, contact Megan Maltby via email or by phone at 902.424.8670 ext. 1147 or 1.800.565.7051 ext. 1147 (Toll Free in Atlantic Canada).
The CleanTech Development Program is presented by: