ProtoZone Program
$5,000.00
Grant, In-Kind Support
Description:
The ProtoZone Program supports innovative product development and commercialization by providing the right technical and business support, ensuring product-market fit throughout the product development process, and assisting innovative entrepreneurs and small businesses with the costs associated with successful product development.
There are 3 stages of the program:
1. Stage 1: Interactive Product Development Workshops,
2. Stage 2: New Product Assessment Service (NPAS),
3. Stage 3: Prototype Funding Assistance.
Comments on Funding:
Funding is up to a maximum of $5,000 in support at 80% of eligible costs to develop an initial prototype in Stage 3: Funding and Assistance Towards the Design and Development of Apllicant’s Prototype.
The cost to participate is:
– $25+tax for Stage 1: Interactive Product Development Workshops, and
– $75 for Stage 2: New Product Assessment Service (NPAS).
Rolling deadline
Eligibility:
Applicants for Stage 1: Interactive Product Development Workshops must:
1. have an innovative idea for a physical product and the willingness to sell it beyond the Northwestern Ontario market;
2. use metal, plastics, electronics, composites or woods for their products;
3. pay the $25 participation fee.
Applicants for Stage 2: New Product Assessment Service must:
1. have a completed business model canvas;
2. have a validated business idea with completed customer interviews;
3. use metal, plastics, electronics, composites or woods for their products;
4. pay the $75 participation fee;
5. be located in Northwestern Ontario.
Applicants for Stage 3: Prototype Funding Assistance must:
1. complete Stage 1: Interactive Product Development Workshops and Stage 2: New Product Assessment Service;
2. have a completed market assessment that appears viable and ready to test the market;
3. be located in Northwestern Ontario.
Application Steps:
No specific application steps have been identified.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
1. NOIC aims to contribute long-term economic growth to Thunder Bay and the Northwestern Ontario region.
2. For their next workshop series, email Carole to let her aspiring are interested!
3. Not all program participants qualify for each stage of the ProtoZone program. Please review the eligibility for each stage.
4. For further details contact James by emailing james@nwoinnovation.ca .
About the author
Maurice
