Innovacorp Archives - Atlantic Canada Business Grants

Amount:

$100,000.00

Type of Program:

Grants

Description:

The Early Stage Commercialization Fund (ESCF) helps move New Brunswick university, college and institutional research to market. The ESCF assists the academic & institutional research communities in pursuing commercialization opportunities by providing up to $50,000 in funding and go-to-market support.

Projects can be applied for in one of two phases:

Phase 1: for technologies that have achieved proof of concept and are now in initial stages of development.

Phase 2: for projects that have clarified the opportunity for commercialization as well as target markets and potential revenue streams.

Comments on Funding:

Funding is up to $50,000 for projects in either Phase 1 or Phase 2. A given project can receive at most one Phase 1 award and one Phase 2 award, up to a maximum of $50,000 in each phase.

When It Ends:

Ongoing

Deadline:

Next deadlines to be determined

Eligibility:

Applicants must be:

research personnel, including professors, research staff, and faculty members, at approved New Brunswick research institutes,
graduate, and college students, as well as post-docs, provided a faculty member is a co-applicant.

Eligible expenses include:

intellectual property development,
assessment of market potential,
development of go-to-market strategies,
business plans and strategic plans,
development of intellectual property protection strategies,
proof-of-concept or prototype development,
technology design and optimization.

Application Steps:

Applicants should apply through the NBIF Research Portal.

Documentation Needed:

Applicants must submit:

1
the application form,
2
a technical report, including a financial report of expenses, at the end of the 1-year funding period.

Other Things to Note:

Innovacorp and New Brunswick Innovation Foundation (NBIF) are proud to be working together to deliver the Early Stage Commercialization Fund (ESCF) in both Nova Scotia and New Brunswick

Program Contact:

Early Stage Commercialization Fund (ESCF)

Application Portal

Amount:

$10,000

Type of Program:

Entrepreneurship Program

Description:

BUILD is a 10-month rigorous program that helps founders take their physical product idea from design to prototype and prepare for manufacturing and scale. BUILD includes workshops and one-on-one sessions to advance hardware companies in Atlantic Canada. Sessions are focused on designing/building hardware in addition to business fundamental sessions for running a startup.
The BUILD program consists of a series of 4 modules, each focused on a different stage of product development: Prototype, Build, Scale.

1
CPO Track: Hands-on product development sessions to get the applicant through rapid prototyping, build, iterating and testing. New sessions on design for manufacturing and supply chain. Access to faculty and industry experts;
2
New CTO Track: support for software and data/analytics considerations for deep tech product;
3
Team Track: MIT facilitated sessions on Disciplined Entrepreneurship, to ensure entire founding team has consistent understanding of venture building fundamentals;
4
HUB System: Monthly accountability meetings, access to Faculty and Industry, Entrepreneurs in Residence, and support for material budgeting and sourcing processes. Team development workshops and coaching.

Comments on Funding:

Funding is $10,000 per company to purchase materials to build operational prototype.

When It Ends:

Ongoing

Deadline:

Next deadlines to be determined

Eligibility:

Applicants must be Atlantic Canada startups which:

have between 1- 4 founding team members;
are seeking more industry and Faculty advisors to refine their product;
are expanding their team and positioning for funding;
need a prototype for proof of concept.

Application Steps:

Applicants must email the completed application to ideahub@dal.ca;

Applicants must present to the Operations Committee, if selected among the top candidates for full-time residency.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

Emera ideaHUB and Innovacorp work together to fund and accelerate BUILD client companies.

Program Contact:

Build | Design, develop & build your MVP — Emera ideaHUB