Innovation Guelph — Boundless Startup Program
Highlights
The Boundless Accelerator™ Startup Program is an excellent opportunity for your business to accelerate growth and reach new heights. This fully funded program offers monthly community calls, workshops, events, and premium opportunities tailored for innovative startups like yours. You will also gain access to valuable resources and professional introductions, which can significantly enhance your business network and growth potential.
By participating, you can benefit from up to 24 months of 1:1 mentorship with qualified mentors, providing personalized guidance to help you navigate challenges and seize opportunities. The program's structure ensures you receive continuous support, including discount coupons for additional mentorship hours and projects. This level of support is designed to help you scale efficiently and effectively.
Qualifying for the program is straightforward, and there is no cost for the initial levels. This makes it an attractive option compared to other financing options that may come with high interest rates or rigid repayment terms. Being approved for this program will provide you with the tools, knowledge, and network needed to drive your business forward, making it a valuable investment in your company's future.
Financing Details
Type of Financing:
Grant: The Boundless Accelerator™ Startup Program offers fully funded educational and networking opportunities for entrepreneurs with scaling startups.
Repayment Terms and Interest Rates:
- Level One and Two: Fully funded with no cost.
- Level Three: Cost-sharing structure as outlined in the program details.
Eligible Expenses:
- Includes monthly community calls, workshops, events, premium opportunities, and resources tailored for early-stage, innovative startups.
Ineligible Expenses:
- The funds cannot be used towards costs outside the program's specified activities and resources.
Fees:
- No fees associated with Level One and Two.
- Level Three has a cost-sharing structure as outlined in the program details.
Qualifications
- Must have a scalable product or service that is truly innovative.
- Founders must work on the business for at least 20 hours per week.
- The startup must be incorporated or planning to incorporate.
- Revenue must be under $1 million in annual reoccurring revenue (ARR).
Company must be registered as an Ontario headquartered business.
- Disqualifications:
- Founder cannot be a consultant or solo entrepreneur with a service or retail outlet focused on selling locally and/or unable or unwilling to scale beyond local borders.
Description
The Boundless Accelerator™ Startup Program is a fantastic opportunity for your business. It offers monthly community calls, workshops, events, premium opportunities, and resources tailored for early-stage, innovative startups. This program is fully funded, so there is no cost to participate in the first two levels.
Level One includes access to all the resources and events, along with professional introductions and regular updates from a program manager. You'll also get a dedicated communication channel and a special monthly newsletter.
Level Two builds on this by adding up to 24 months of 1:1 mentorship for up to two hours per month. You can also access additional paid mentorship hours and projects at a discounted rate.
Level Three offers continued mentorship on a "Buy one, get one free" basis for up to one year after Level Two ends.
This program is designed to help your business grow and connect with valuable resources and mentors, making it an excellent opportunity for scaling your startup.
Program Steps
To apply for the program, follow these steps:
1. Visit the Application Page:
- Go to the Boundless Accelerator™ Startup Program application page here.
2. Complete the Online Application Form:
- Fill out the application form in detail.
- Provide information about you and your company.
3. Prepare the Required Documentation:
- Business Plan
- Financial Statements
- Proof of Incorporation (or plans to incorporate)
- Description of your innovative product or service
- Evidence of Ontario headquarters
- Revenue documentation (showing under $1 million ARR)
4. Submit the Application:
- Ensure all fields are completed and documentation is attached.
- Submit the application form online.
5. Wait for Contact:
- A representative from Boundless Accelerator™ will contact you within five business days.
6. Participate in an Initial Interview:
- Be prepared for a potential interview to discuss your application and business in more detail.
7. Review Acceptance and Next Steps:
- If accepted, review the program details and expectations.
- Engage with the Boundless Accelerator™ community and resources.
Following these steps will help you successfully apply for the Boundless Accelerator™ Startup Program.