Atlantic Canada Business Grants

Innovacorp

Early Stage Commercialization Fund (ESCF)

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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:

1

Applicants should apply through the NBIF Research Portal.

Documentation Needed: 

Applicants must submit:

  1. 1
    the application form,
  2. 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

Emera IdeaHUB: Build Program

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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. 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. 2
    New CTO Track: support for software and data/analytics considerations for deep tech product;
  3. 3
    Team Track: MIT facilitated sessions on Disciplined Entrepreneurship, to ensure entire founding team has consistent understanding of venture building fundamentals;
  4. 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:

1

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

2

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