Next AI

By mmuise

Next AI is a world class program for artificial intelligence based ventures and technology commercialization.
Next Canada identifies talented ideas or early-stage teams with ambitious solutions and leverage Canada’s leadership position in AI to provide them with the capital, mentorship, education and network to disrupt industries.
Next AI is delivered on two campuses: Toronto and Montréal. Next AI – Montréal is delivered in partnership with HEC Montréal.

Comments on Funding:

Funding is up to $25,000 in venture funding on a $2mm cap post-money SAFE and are eligible for up to an additional $100,000 in follow-on investment on a $4mm cap post-money SAFE.

Deadline: December 10, 2023

Applicants must:

  • be idea or early stage ventures that are passionate about solving global problems by leveraging the power of AI;
  • be exceptional teams that are committed to building and executing powerful AI enabled solutions;
  • have ventures that meet these requirements:
    a) Tangible validation proof of a scalable business model;
    b) AI is core to the venture;
    c) Canadian company and or registered in the province of Quebec (Next AI – Montréal).

    Teams that qualify for this program must meet these requirements:
  • Minimum one business and one technical co-founder (+10% equity);
  • AI is core the venture;
  • A coachable team with deep technical expertise and/or industry insight.

Application Steps:

No specific steps have been identified.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

1. Next AI runs two concurrent cohorts per year in their two locations, Montreal and Toronto, over the course of seven months. The application period is due on December 10, 2023 for the 2024 program.
2. Top VCs and investors from across North America are involved with NEXT Canada. Many ventures have secured follow-on funding through the Next AI investor network.

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