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Invest Nova Scotia Accelerate

by Maurice | February 1, 2023

Amount:

$40.000 

Type of Program:

Accelerator, Grants


Description:

Delivered 100 per cent virtually, Invest Nova Scotia Accelerate is a milestone-based program that helps Nova Scotia start-ups get investment-ready. We are focused on five sectors where we can leverage our deep in-house expertise and our network of experts and investors to deliver value to our clients:

  1. 1
    Accelerate Ocean Tech: a cohort for start-ups developing solutions in ocean health, fisheries and aquaculture, offshore energy, shipborne technologies and marine bioresources;
  2. 2
    Accelerate Health Tech: a cohort for start-ups developing new therapeutics, medical devices or digital health technologies solving large unmet healthcare needs;
  3. 3
    Accelerate Agriculture Tech: a cohort for start-ups addressing the global food production challenges while reducing dependency on fossil fuels or petrochemicals;
  4. 4
    Accelerate Clean Tech: a cohort for start-ups addressing climate change and clean air, water and soil;
  5. 5
    Accelerate Software: a cohort for start-ups working on software solutions leveraging artificial intelligence, computer vision, blockchain, or data network effects to solve large unmet market needs. 

Comments on Funding:

Participating companies each receive up to $40,000 in non-dilutive, non-repayable funding.


When It Ends:

August 4, 2022

Deadline:

To be Determined

Eligibility:

Applicants must :

  • be an incorporated or registered start-up based in Nova Scotia. Details on how to register with Nova Scotia Registry of Joint Stock Companies (RJSC) are available from Service Nova Scotia.
  • be Nova Scotia-based;
  • have less than $1 million in cumulative sales and less than $250,000 in equity investment (including convertible debt) raised to date
  • have conducted a thorough competitive analysis and achieved proof of concept or minimum viable product (MVP), in addition to having identified a large market pain and market opportunity and having established a company around a customer-validated solution;
  • be the majority owner(s) (51 per cent or more) of the company and plan to work full-time with the business.

Invest Nova Scotia investment portfolio companies are ineligible for this opportunity.

Application Steps:

No specific application steps have been identified.

Documentation Needed: 

No specific documentation has been identified.

Other Things to Note:

Invest Nova Scotia Accelerate is now closed for submissions. The deadline for applications was Thursday, August 4, 2022, by 11:59 pm ADT. Check the website for updates. 

Program Contact:

Invest Nova Scotia Accelerate

Related posts:

Nova Scotia Small Business: Complete Guide for Entrepreneurs
How to Start a Business in Nova Scotia (2023): Step-by-Step Guide for New Entrepreneurs
Incorporating a Business in Nova Scotia: Step-by-Step Guide for New Entrepreneurs
How to Register a Business in Nova Scotia: Step-by-Step Guide for New Entrepreneurs

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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