GreenShoots

By mmuise
Description:

Invest Nova Scotia, the Nova Scotia Innovation Hub and Bioenterprise Canada Corporation have partnered to create GreenShoots, supporting early stage companies in the agriculture, agri-food, bioeconomy, clean technology, and related sectors. The goal of GreenShoots is to find and support high potential, early stage knowledge-based Nova Scotia companies, and encourage entrepreneurial activity in the province. The support is intended to help improve the export potential of companies, projected impacts on climate change, job creation, and generation of economic impact in rural areas.


Comments on Funding:

Successful applicants receive up to 90 per cent of total eligible costs to a maximum of $40,000 in non-dilutive, non-repayable funding.

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

Applicants must:

  • be start-ups registered and based in Nova Scotia;
  • have a new knowledge-based product (i.e., a unique technology solution that cannot be easily duplicated);
  • have a technology at or beyond Technology Readiness Level 4 (TRL 4+) stage of development (i.e., competitive applicants have a proof of concept and have completed prototype validation in a laboratory environment, at minimum);
  • have identified a large market pain and established a company around a customer-validated problem;
  • be the majority owner(s) (51 per cent or more) of the start-up and plan to work full-time with the business;
  • be from the agri-technology or bioeconomy sector, including agri-management and agri-waste management; anaerobic digestion; aquaculture; bioenergy; bioproducts (i.e., biofibers, biocomposites, biomaterials, bioplastics); crop science and/or protection; fermentation processes; plant genetics; precision agriculture and data analytics; consumer and industrial agri-food innovations; natural health products; and cannabis technology;
  • have less than $1 million in cumulative sales.
    Companies that have raised more than $25,000 in equity investment from Invest Nova Scotia are ineligible. Stacking Invest Nova Scotia and other government funding programs is subject to review and approval by the judging committee. Previous GreenShoots recipients are eligible to apply for GreenShoots again if they have new milestones that demonstrate traction towards investibility.
Application Steps:

Applicants must:

1. submit their application;

2. present their business overview, proposed budget and milestone plan over Zoom.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

GreenShoots is now closed for submissions. The deadline to apply was Friday, September 15, 2023, by 11:59 pm AT. Check the website for updates.

About the author
mmuise