Sudbury Catalyst Fund (SCF)
$250,000.00
Investment
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.
Continuous Intake
Eligibility:
Applicants must:
1. be scalable tech start-ups;
2. be early-stage tech companies across multiple sectors including, but not limited to, mining, construction, forestry, medtech, software, and advanced manufacturing;
3. have qualified investment interest from angel investors;
4. have a commitment to operate the majority of the company’s operations in the City of Greater Sudbury;
5. 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
Maurice
