Seed Fund

By mmuise
Description:

The Seed Fund supports promising early-stage Canadian cleantech entrepreneurs with one-time grants of $50,000 to $100,000 for innovative technological projects with environmental benefits.


Comments on Funding:

Funding is a one-time grant of $50,000 to $100,000.

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • be nominated by one of SDTC's partner accelerators;
  • be a Canadian-owned company, incorporated and operating in Canada;
  • have an idea that brings technology to bear on a significant environmental problem;
  • have an entrepreneurial team with the skills to take that idea to the next level;
  • be past the R&D stage and looking to take first steps towards figuring out how to commercialize their idea;
  • be able to describe how their idea will demonstrate quantifiable environmental benefits (i.e., GHG reduction, clean air, soil, or water, etc.);
  • have raised at least twice the amount of requested funding through private equity sources, not including monies from friends and family.

    Applicants should not:
  • have secured prior funding from SDTC,
  • have been rejected for seed funding by SDTC in the prior year,
  • apply simultaneously to SDTC Seed Fund and SDTC Tech Fund.
Application Steps:

Phase One: Referrals 1. Seed Fund applicants must be nominated by SDTC's partner accelerators.

Documentation Needed:

Applicants must submit:
1. Investor/ Pitch Deck;
2. Signed Investors Agreements/ Subscription Agreements;
3. Bank Statements (last 3 months);
4. CV of Key team members;
5. Financial statements and Financial Model, if available;
6. Other relevant documents shared with other investors.
The pitch should showcase for the jurors the applicant's: 1. Value Proposition, including an understanding of the market opportunity and size ; 2. The competitive landscape and customer acquisition plan (including Intellectual Property Strategy);
3. Team and advisor capability and skills;
4. Articulating how they plan to deliver environmental benefits.

Other Things to Note:

With up to 100 companies funded annually, funding rounds open every 3-4 months with a timeline of just 8 weeks to move from application submission to payment.

Program Contact: https://www.sdtc.ca/en/seed/
About the author
mmuise