Entrepreneurship Innovation Fund

By mmuise
Description:

The Entrepreneurship Innovation Fund embraces and fosters innovation by fully supporting promising early-stage entrepreneurial start-ups and ventures. With a commitment of $300,000 from Canadore College, this fund aims to initiate, support, and leverage innovation and entrepreneurship across Northern Ontario.


Comments on Funding:

With a commitment of $300,000 from Canadore College, this fund aims to initiate, support, and leverage innovation and entrepreneurship across Northern Ontario.

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

Eligibility criteria:

  • Venture size consisting of 3-10 team members, inclusive of the requirement to include Canadore faculty, staff, and students; and,
  • The product or solution proposed is aligned with the purpose of the fund - boosting productivity and innovation in Northern Ontario communities.
Application Steps:

1. Applicants must submit the completed application form and a project plan during the intake period.

2. Applicants are limited to one application each round, and previously funded recipients will not be eligible for a second round of funding.

Documentation Needed:

Applicants must submit:
1. the completed application form, including:
a) a video of a brief description of the project/idea (Elevator Pitch)
b) a Business Model Canvas
The application must showcase how the funding will accelerate growth and/or support innovation and sustainability in Northern Ontario and/or local economies in Northern Ontario.
2. a project plan including proposed budget and cash flow. The proposed Project should clearly articulate the involvement of Canadore students and commitment to fostering community development.

3. Fund recipients are asked to demonstrate project completion by submitting a Final Project Report.

Other Things to Note:

The previous intake deadline was on February 9, 2023

About the author
mmuise