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Spark Fund

by Maurice | February 3, 2023

Amount:

$500

Type of Program:

Grant, In-Kind Support


Description:

The Spark Fund is a fund for first-time student entrepreneurs at Memorial University. 

Comments on Funding:

Funding is up to $500 to test the potential of the applicant's idea.


When It Ends:

7-May-23

Deadline:

Rolling deadline

Eligibility:

The applicant must:

  • be enrolled at Memorial University (in the case of student teams at least 50% must be enrolled at Memorial University);
  • be working on/in pre-revenue startups with no sales and have not received any government or private funding (Family/own funding is acceptable);
  • have not yet taken advantage of the Spark, Ignite, or Mel Woodward Cup Funding for the same or similar business idea.

Application Steps:

1

Applicants must submit a one-minute video or audio pitch of the idea (selfie videos from their phone are accepted);

2

Applicants must complete a lean canvas for the idea;

3

Applicants must complete the timeline template;

4

Applicants must explain the suggested use of funds.

Documentation Needed: 

No specific documentation has been identified.

Program Contact:

Spark Fund | Memorial Centre for Entrepreneurship | Memorial University of Newfoundland

Related posts:

How to Start a Business in Newfoundland and Labrador: Step-by-Step Guide for New Entrepreneurs
Best Business to Start in Newfoundland & Labrador: Growth Industries + Top Business Ideas
Businesses for Sale in Newfoundland & Labrador: Best Places to Buy + Mistakes to Avoid
How to Incorporate a Business in Newfoundland & Labrador: Step-by-Step Guide for New Entrepreneu...

About Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Atlantic Canada to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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