TechAlliance i.d.e.a. Fund
$20,000
Grant, In-Kind Support
Description:
As TechAlliance takes bold steps towards equitable growth, we continue to unlock opportunities for some of Canada’s most promising startups and fastest-growing innovation companies with the i.d.e.a. Fund™ to foster a vibrant, inclusive and green ecosystem.
In Cohort 3, we will distribute up to a maximum of $20,000 in matching seed funding and up to 30 hours of expertise from our Venture Growth team to select innovative businesses in various sectors.
Comments on Funding:
How does this program work? You may receive:
Non-repayable seed funding of up to $20,000 with matching funds
Up to 30 hours of fully funded, targeted support from business leaders
1-on-1 time with TechAlliance Startup Advisors for application know-how
Rolling deadline
Eligibility:
Applicants must be:
1. One or two team members of the business’ leadership team are available to participate in the program
2. The applicant must be an early-stage business or Small to Medium Enterprise (1-499 employees), and the business must be headquartered in Southern Ontario (regions are outlined in Appendix A)
3. Business must be incorporated (Ontario or federal)
4. Business owner/founder must be working in the business full-time
5. Business must have a scalable product or service
6. One or two team members are available to participate in an online certificate program with the University of Guelph
Application Steps:
Applicants:
1. must sign up for RIC’s newsletter to receive i.d.e.a. Fund email updates and to be notified when the applications open for Cohort 2 in 2023.
2. are responsible for completing and submitting the online application through the Intake Portal.
3. must complete the application in full;
4. must provide enough information to address the applicable evaluation criteria;
5. may book a 1-on-1 advisory session with a Startup Advisor to seek input on their application;
6. join for a virtual information session including a live AMA with the i.d.e.a. Fund team throughout the session.– sign up at the links provided,
Documentation Needed:
Applicants must submit the following information:
1. Business Model Canvas;
2. Budget (high level);
3. Short video and/or pitch deck (optional).
Other Things to Note:
About the author
Maurice
