Invest Nova Scotia — Incubation
Highlights
Hello,
If you're looking to give your emerging technology company a boost, the Invest Nova Scotia Incubation Program is tailor-made for you. Why is this program for you? It's simple. It offers more than just a workspace. You'll find a supportive community and on-site assistance designed to help your business grow. With flexible leasing options and a credible environment, you can focus on what matters most—your success.
Why should you apply? The program is designed to reduce the risk of business failure, which is a big win for you. Whether you're in clean technology, life sciences, or ocean technologies, you'll find specialized infrastructure and services tailored to your sector. Reliable high-speed internet, enterprise-grade voice and data networks, and dependable server hosting are just a few of the resources available to you. These facilities are more than just a place to work. They're a launchpad for innovation and commercialization.
What's in it for you? By joining this program, you position your business to succeed not just locally, but in the global marketplace. Boost your chances of success and save money while doing it. It's an opportunity to grow stronger, faster, and with less risk. The best part? Qualifying is straightforward, making it easier for you to take advantage of everything this program has to offer.
Financing Details
Grant: The program offers non-repayable grants, meaning you do not have to pay back the funds provided. This financial support is designed to help your business grow without the burden of repayment, allowing you to invest freely in innovation and development.
Eligible Expenses: The grant can be used towards various operational costs including but not limited to research and development, purchasing new technology, upgrading existing facilities, and covering operational costs that directly contribute to the growth and innovation of your business in the sectors of life sciences, ocean technology, and clean technology.
Restrictions on Use of Funds: It is important to note that the funds cannot be used for non-business related expenses, such as personal salaries or non-essential business activities that do not directly contribute to the technological and innovative advancement of your company.
Fees: There are no application or processing fees associated with this grant. This ensures that all the funds allocated can be fully utilized towards the advancement of your business without any deductions.
Qualifications
Location Requirement: Business must be located in Nova Scotia, specifically targeting facilities in Dartmouth or Halifax.
Industry Focus:
- Clean Technology
- Life Sciences
- Ocean Technology
- Other Knowledge-Based Sectors
Stage of Business:
- Emerging technology companies
- Early stage companies for ocean technology commercialization
Facility-Specific Requirements:
- The Bays in Dartmouth: Suitable for companies in clean technology and other knowledge-based sectors.
- The Labs in Halifax: Suitable for companies in the life sciences industry.
- The Start-Up Yard at COVE: Suitable for early stage companies focusing on ocean technologies.
Infrastructure Needs:
- Requires enterprise-grade voice and data network
- Needs redundant high-speed internet services
- Requires dependable server hosting facilities
- For life sciences: Needs specialized scientific infrastructure not available in the commercial real estate market
Disqualifications:
- Companies not operating in the specified sectors (clean technology, life sciences, ocean technology, or other knowledge-based sectors).
- Businesses not located in Nova Scotia, particularly outside Dartmouth or Halifax.
- Companies that do not require the specific infrastructure and support offered by the facilities.
Description
Your business can thrive with the Invest Nova Scotia Incubation Program. This program offers you more than just a workspace; it provides a supportive community and on-site assistance to help your emerging technology company grow. With access to flexible leasing options and a credible environment, you can focus on what matters most—your success.
The program is designed to reduce the risk of business failure, which is a big win for you. Whether you're in clean technology, life sciences, or ocean technologies, you'll find specialized infrastructure and services tailored to your sector. Reliable high-speed internet, enterprise-grade voice and data networks, and dependable server hosting are just a few of the resources available to you.
Located in Nova Scotia, these facilities are more than just a place to work. They're a launchpad for innovation and commercialization. By joining this program, you position your business to succeed not just locally, but in the global marketplace. Boost your chances of success and save money while doing it.
Program Steps
Gather Required Documentation
Prepare the following documents for your application:- Business plan
- Financial statements (last two years)
- Tax returns (last two years)
- Proof of business registration
- Resumes of key team members
- Any relevant certifications or licenses
Complete the Application Form
Fill out the application form provided by the program. Ensure all sections are completed accurately.Submit Your Application
Send your completed application form along with the required documentation to the designated program email or online portal.Prepare for an Interview
Be ready for a potential interview. This is your chance to discuss your business and how the program can help you grow.Await Confirmation
After submitting your application, wait for a confirmation email. This will inform you of the next steps in the process.Review the Terms and Conditions
Once accepted, carefully review the terms and conditions of the program before signing any agreements.Start Your Journey
After signing, you can begin utilizing the resources and support offered by the incubation program to grow your business.
