Type of Program:
The Regis Duffy BioScience Fund (Duffy BioScience) invests up to $100,000 in emerging bioscience related businesses that are at the commercialization or near commercialization stage of their development with activities in Prince Edward Island.
Their aim is to increase each project's chances of successfully getting to market and to help small Prince Edward Island bioscience start-up companies carry out their innovation efforts within Prince Edward Island.
Comments on Funding:
Investment size is up to $100,000.
When It Ends:
The applicant must:
submit a Statement of Interest (SOI) as an initial application used for preliminary screening and subject to a review process,
submit a Confidentiality and Disclosure Agreement (CDA) they will receive if considered eligible for funding,
meet with members of Duffy BioScience's Advisory Board to do a brief presentation,
submit a business plan if the Management Team determines that the project appears to be a proper fit for funding,
meet withe the Management Team to discuss the business plan. If it determines that an investment is warranted, they will issue a Term Sheet to the applicant. If the terms are acceptable, the Fund will conduct a more detailed review of the business and issue a definitive agreement to be signed, if they are satisfied with what they find.
The applicant must submit: