Invest Nova Scotia Accelerate

By mmuise
Description:

Delivered 100 per cent virtually, Invest Nova Scotia Accelerate is a milestone-based program that helps Nova Scotia start-ups get investment-ready. We are focused on five sectors where we can leverage our deep in-house expertise and our network of experts and investors to deliver value to our clients:
1. Accelerate Ocean Tech: a cohort for start-ups developing solutions in ocean health, fisheries and aquaculture, offshore energy, shipborne technologies and marine bioresources;
2. Accelerate Health Tech: a cohort for start-ups developing new therapeutics, medical devices or digital health technologies solving large unmet healthcare needs;
3. Accelerate Agriculture Tech: a cohort for start-ups addressing the global food production challenges while reducing dependency on fossil fuels or petrochemicals;
4. Accelerate Clean Tech: a cohort for start-ups addressing climate change and clean air, water and soil;
5. Accelerate Software: a cohort for start-ups working on software solutions leveraging artificial intelligence, computer vision, blockchain, or data network effects to solve large unmet market needs.


Comments on Funding:

Participating companies each receive up to $40,000 in non-dilutive, non-repayable funding.

Deadline: Applications are closed. Stay tuned for future intake announcements.
Eligibility:
    Applicants must
  • be an incorporated or registered start-up based in Nova Scotia. Details on how to register with Nova Scotia Registry of Joint Stock Companies (RJSC) are available from Service Nova Scotia.
  • be Nova Scotia-based;
  • have less than $1 million in cumulative sales and less than $250,000 in equity investment (including convertible debt) raised to date
  • have conducted a thorough competitive analysis and achieved proof of concept or minimum viable product (MVP), in addition to having identified a large market pain and market opportunity and having established a company around a customer-validated solution;
  • be the majority owner(s) (51 per cent or more) of the company and plan to work full-time with the business.
    Invest Nova Scotia investment portfolio companies are ineligible for this opportunity.
Application Steps:

No specific application steps have been identified.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

Invest Nova Scotia Accelerate is now closed for submissions. The deadline for applications was on September 1, 2023. Check the website for updates.

About the author
mmuise