BMO Apex Startup Challenge (formerly: Apex Hybrid Business Plan Competition)

By mmuise
Description:

The BMO Apex Startup Challenge invites students and entrepreneurs from across Canada to compete at the largest competition of its kind in Atlantic Canada.


Comments on Funding:

Funding is $30,000 in cash prizes.
The prize for the winners of the New Venture Track is $10,000 (allocated to up to 3 teams).

Deadline: Applications are closed. Stay tuned for future intake announcements.
Eligibility:

Applicants for the Student business plan track must:

  • be actively enrolled full- or part-time students in a postsecondary institution (worldwide), all team members cannot have graduated before May 1, 2023;
  • have not competed in Apex with the same business before, unless team can show a significant pivot in their business idea;
  • have personally conducted the business plan analysis and prepared all financial projections (up to 2 years) together with the team members.
    Applicants for the New venture track must:
  • own a venture that:
    a) has less than $1 million/year (CAD) in revenues;
    b) has fewer than 25 employees;
    c) is less than 3 years old;
  • have the rights to use any content not created by the participant, and the content must be correctly sourced.
Application Steps:

Applicants must:

1. submit the online application form;

2. compete in the elevator pitch round;

3. compete in the presentation round.

Documentation Needed:

Applicants must submit:
1. the executive summary;
2. the investor pitch deck, if applying for the new venture track;
3. a business plan, if applying for the student business plan track.

Other Things to Note:

The registration deadline for the 2023 competition is December 1.

About the author
mmuise