GreenShoots

Amount:

$40,000

Type of Program:

Grants, In-Kind Support

Description:

The GreenShoots program finds and supports high potential, early-stage knowledge-based Nova Scotia companies, and encourages entrepreneurial activity in the province. The support is intended to help improve the export potential of companies, projected impacts on climate change, job creation, and generation of economic impact in rural areas. On top of the non-repayable, non-dilutive funding, the program also offers business guidance from seasoned professionals.

Comments on Funding:

Funding takes the form of non-repayable, non-dilutive grants of up to $40,000.

When It Ends:

Ongoing

Deadline:

2023 deadlines to be announced

Eligibility:

Applicants must be:

companies registered in Nova Scotia or with a significant presence in the province;
for-profit businesses with technologies at or beyond Technology Readiness Level 4 (TRL 4+) stage of development (i.e., competitive applicants should have a proof of concept and have completed prototype validation in a laboratory environment, at minimum);
companies operating in the agri-technology or bioeconomy sectors (as defined below);
companies that have a novel technology and/or business model that is potentially disruptive (i.e., a unique technology solution that cannot be easily duplicated);
companies that have identified a large market pain and established a company around a customer validated problem;
majority owner(s) (51% or more) of the company and plan to work full-time with the business;
companies that have less than $1 million in cumulative sales.

Application Steps:

Applicants must complete the Microsoft Word Application Form available on the Innovacorp website, answering the questions in the spaces provided;

Applicants must present their business overview, proposed budget and milestone plan relating to the funding request, if invited (pitches will be delivered virtually over Zoom).

Documentation Needed:

Applicants must submit an electronic copy of their presentation.

Other Things to Note:

2022 deadline: August 2, 2022.

Program Contact:

GreenShoots : Bioenterprise

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