This program is designed specifically for women-led or nonbinary-led businesses like yours. It offers a unique blend of mentorship, project funding, and leadership coaching to help you scale up effectively. With up to $10,000 in support for business scale-up services, this program is a valuable resource for accelerating your company's growth.

Key Benefits:

• $5,000-$10,000 in support for business scale-up services.
• Up to 15 hours of fully funded mentorship to identify growth options.
• $5,000 subsidy for approved projects, with a client contribution of only $1,400.
• Free 1:1 leadership coaching sessions throughout the program.

By participating, you'll gain access to industry specialists and tailored guidance, making it easier to overcome key challenges and achieve your business goals. The application process is straightforward, and qualifying is designed to be accessible for businesses like yours.

Type of Financing:

• Grant: The Rhyze Up! Program offers a grant to support business scale-up services for women-led or nonbinary-led companies in Canada.

Repayment Terms and Funding Allocation:

• Discovery Phase: Fully funded mentorship valued at over $2,000 for qualified applicants.
• Traction Phase: A $5,000 subsidy is available for approved projects, with a client contribution of $1,400.
• Leadership Coaching: Fully funded 1:1 coaching sessions included throughout the program.

Eligible Expenses:

• The grant can be used for identifying growth opportunities, project implementation, and leadership coaching.

Ineligible Expenses:

• The funds cannot be used for expenses not related to business scale-up services or outside the scope of the program.

Fees:

• There are no fees associated with the program, making it a cost-effective opportunity for eligible businesses.

This program is designed to help your business grow and become more profitable. You can receive $5,000 to $10,000 in support for business scale-up services. This money can be used for mentorship, project implementation, leadership coaching, and education.

The program has three main phases:

1. Discovery Phase: You get up to 15 hours of mentorship to explore growth options for your business. This is fully funded, meaning it’s free for you (a value of over $2,000).

2. Traction Phase: You get funding to tackle key challenges identified in the Discovery Phase. You receive a $5,000 subsidy for approved projects, with a small contribution of $1,400 from you.

3. Leadership Coaching: Throughout the program, you will have access to fully funded, one-on-one leadership coaching sessions.

This program offers a great opportunity to accelerate your business growth with expert guidance and financial support.

To apply for the program, follow these steps:

1. Gather Necessary Documentation:

• Business Plan
• Financial Statements (last two years)
• Proof of Incorporation
• Revenue Statements (showing at least $200,000 in annual recurring revenue)
• Details of the Founding Team (highlighting women or nonbinary leadership)

2. Complete the Online Application Form:

• Visit the application page here.
• Fill out the form with detailed information about your business and its operations.

3. Submit the Application:

• Ensure all required fields are completed.
• Attach the necessary documentation.
• Submit the form online.

4. Await Contact from Boundless Accelerator:

• Someone from Boundless will reach out within two business days to discuss your application and next steps.

5. Participate in the Discovery Phase:

• If selected, engage in up to 15 hours of mentorship to explore growth options for your company.

6. Collaborate in the Traction Phase:

• Work with industry specialists to address key challenges identified during the Discovery Phase.
• Utilize the $5,000 subsidy for approved projects, with a client contribution of $1,400.

7. Engage in Leadership Coaching:

• Take advantage of the fully funded 1:1 leadership coaching sessions provided throughout the program.

By following these steps, you can effectively apply for and participate in the program, helping to accelerate the growth and profitability of your business.