Sudbury Catalyst Fund (SCF)

By mmuise
Description:

NORCAT’s Sudbury Catalyst Fund (SCF) is a unique $5 million venture capital fund designed to accelerate the growth of scalable tech start-ups. SCF brings together a variety of partners and angel investors eager to build Northern Ontario’s entrepreneurial ecosystem by investing in and supporting a diversified portfolio of high-growth companies.


Comments on Funding:

The Sudbury Catalyst Fund will invest in two to three ventures per year, co-investing up to a maximum of $250,000 on a 1:1 matching basis.

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • be scalable tech start-ups;
  • be early-stage tech companies across multiple sectors including, but not limited to, mining, construction, forestry, medtech, software, and advanced manufacturing;
  • have qualified investment interest from angel investors;
  • have a commitment to operate the majority of the company’s operations in the City of Greater Sudbury;
  • be high potential ventures that have both cumulative revenues and capital raised equating to less than $1M since company inception.
Application Steps:

Applicants must first:

1. be involved with and participating in the NORCAT Innovation sponsored mentorship program, they have to submit their Discovery Document, an online intake form.

2. be supported and/or endorsed through that mentorship to make an application to the fund;

3. successfully acquire a written commitment of investment from one or more angel investors.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

The Sudbury Catalyst Fund (SCF) is administered by the Nickel Basin Federal Development Corporation in collaboration with the City of Greater Sudbury, FedNor, and NORCAT.

About the author
mmuise