Accelerated Growth Program
Highlights
The Accelerated Growth Program is designed specifically for tech entrepreneurs like you, who are in the validation stage of hardware, semiconductors, and enterprise software AI solutions. This program offers personalized mentorship, strategic guidance, and access to a vast network of industry experts to propel your venture forward. You will benefit from discounted access to state-of-the-art facilities at our Innovation Space, along with exclusive perks to fuel your journey.
What You Get:
- Advisory Support: Up to 15 hours of dedicated guidance from an Advisor to help define critical business milestones and craft a robust growth plan.
- Executives in Residence: Specialized support tailored to your unique business challenges.
- Partner Network: Access to an extensive network of Innovation Experts and Academic sector partners.
- Innovation Space: 50% discounted membership, granting access to collaborative workspaces and a professional mailing address.
- Perks Platform: Over 300 discounts and credits for essential tools and resources.
- IP Support: Comprehensive review and support for your Intellectual Property strategy.
This program is an excellent opportunity to accelerate your business growth. The application process is straightforward, and qualifying is designed to be accessible. By participating, you will gain invaluable resources and support, positioning your business for long-term success.
Financing Details
Type of Financing: Grant
Eligible Expenses:
- Research and development costs
- Prototyping and testing
- Marketing and promotional activities
- Equipment purchases
- Facility rentals
Use of Funds:
- Funds cannot be used for debt repayment or personal expenses.
Fees:
- No application or processing fees are associated with this grant program.
Qualifications
- Technology startup looking to scale in hardware, enterprise software, AI solutions, or innovative tech solutions.
- Preferably has proof of concept with the first customer(s) or is in a Beta test with potential customers.
- Incorporated in Canada.
Description
This program is designed to help your tech business grow quickly. Over three to six months, you will receive personalized guidance and support to reach your business goals.
You will get:
- Dedicated advisory support: An advisor will spend up to 15 hours with you to set key milestones and create a solid growth plan.
- Executive insights: Access to experienced executives who will provide specialized advice tailored to your business needs.
- Partner network: Connect with a wide network of industry experts and academic partners to expand your growth opportunities.
- Innovation Space: Enjoy a 50% discount on membership, giving you access to collaborative workspaces and a professional mailing address.
- Perks platform: Over 300 discounts and credits for essential tools and resources to help your startup save money and grow.
- IP support: Comprehensive review and support for your Intellectual Property strategy to protect your innovations.
This program offers a supportive ecosystem to help your business thrive. Take advantage of these resources to accelerate your growth and redefine the future of innovation.
Program Steps
Join the ventureLAB™ Community:
- Submit an application on the “Join Us” page of the ventureLAB™ website.
Register for an Info Session:
- Sign up to attend a virtual or in-person Info Session.
- Speak 1-on-1 with a dedicated advisor to discuss your suitability for the program.
Prepare Documentation:
- Gather the following documents:
- Business Plan
- Financial Statements
- Proof of Concept or Beta Test Results
- Incorporation Documents
- Intellectual Property (IP) Documentation
- Gather the following documents:
Initial Evaluation:
- After your Info Session, ventureLAB will conduct an initial evaluation of your application.
Present to Review Panel:
- If successful in the initial evaluation, you will be invited to present to a review panel for further consideration.
Notification of Status:
- All candidates will be notified of their status within six weeks of their review panel presentation.
Participate in the Program:
- If accepted, you will participate in the Accelerated Growth Program for three to six months.