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Invest Nova Scotia — Investment

Up to $1,000,000,000
Type
LOANS AND CAPITAL INVESTMENTS
EXPERT ADVICE
Application Difficulty
HARD
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

Hello,

If you're looking to take your technology company to the next level, this program is for you. Invest Nova Scotia offers more than just funding; it's a partnership designed to help your business grow. With capital investment, you can expand your operations, develop new products, or enter new markets. But the benefits don't stop there. You'll also gain access to expert business guidance tailored to your unique needs. Imagine having a network of advisors and mentors ready to help you tackle challenges and plan for future growth.

Why should you apply? Because this program is flexible and accommodating. There's no set amount of funding, allowing it to adapt to your specific needs. Plus, with no minimum or maximum revenue requirement, businesses of all sizes can benefit. The open-ended nature of this opportunity means you can plan and grow at a pace that suits your business. Invest Nova Scotia is committed to working side-by-side with you, ensuring your company not only survives but thrives.

In short, being approved for this program means more than just financial support. It's about building a sustainable future for your business with the help of seasoned experts. The process is straightforward, and with your high-growth potential, qualifying should be a breeze. This is your chance to transform your venture into something extraordinary. Let's make it happen together.

Financing Details

Venture Capital Investment: This program offers venture capital funding, specifically targeting high-growth, venture-grade technology companies. This type of financing involves equity investment, meaning the fund acquires a stake in your company in exchange for capital.

Repayment Terms: Unlike traditional loans, venture capital does not typically require scheduled repayments. Instead, the return on investment is realized through equity stakes, which may result in shared profits or returns generated from a future sale of the company or public offering.

Eligible Expenses: The funds are primarily intended for scaling operations, research and development, and other growth-focused activities. This can include hiring key staff, marketing initiatives, and product development.

Restrictions on Use of Funds: The capital must not be used for non-business related expenses, debt repayment, or dividend payouts.

Fees: There are no direct fees associated with applying for or receiving this venture capital funding. However, legal and due diligence costs may arise during the investment process, which are typically the responsibility of the business owner.

Qualifications

  • Location Requirement: Business must be located in Nova Scotia.

  • Industry Focus: Must be a technology company.

  • Stage of Development: Must be an early-stage company.

  • Growth Potential: Must have high growth potential.

  • Investment Grade: Must be venture-grade with attractive risk-return prospects.

  • Co-Investment: Must be open to co-investment with institutional, private sector, and angel investors.

  • Disqualifications: Businesses not in the technology sector or not located in Nova Scotia do not qualify.

Description

Invest Nova Scotia is here to help your technology company grow. This program offers funding and expert advice to early-stage tech businesses in Nova Scotia. If your company has high growth potential, this program could be a great fit for you.

The program provides capital investment, which can be used to expand your business, develop new products, or enter new markets. But it's not just about the money. You'll also receive business guidance tailored to your unique needs. This means you'll have access to a network of advisors and mentors who can help you tackle immediate challenges and plan for future growth.

There's no set amount of funding, which means the program can be flexible to meet your specific needs. And because there's no minimum or maximum revenue requirement, businesses of all sizes can benefit. With no end date, this opportunity is open-ended, allowing you to plan and grow at a pace that suits your business. Invest Nova Scotia is more than just funding; it's a partnership to help your business thrive.

Program Steps

  1. Prepare Documentation
    Gather the necessary documents for your application, including:

    • Business plan
    • Financial statements (last two years)
    • Projected financials (next three years)
    • Proof of business registration
    • Information on your team and their qualifications
    • Details of your technology and its market potential
  2. Complete the Application Form
    Fill out the application form accurately. Ensure all sections are completed and information is clear.

  3. Submit Your Application
    Send your completed application along with the required documentation to the designated program contact.

  4. Follow Up
    After submission, reach out to confirm receipt of your application and inquire about the timeline for review.

  5. Prepare for an Interview
    Be ready to discuss your business, its growth potential, and how the funding will be used. This may include a presentation or Q&A session with the investment team.

  6. Receive Notification
    Wait for a response regarding your application status. If approved, you will receive further instructions on the next steps.

  7. Engage with Advisors
    Once accepted, connect with the network of advisors and mentors to start leveraging their expertise for your business growth.

Visit Program Website