Newcomer Entrepreneur Accelerator Program
Highlights
The Newcomer Entrepreneur Accelerator Program is designed specifically for Canadian technology companies like yours. This program offers 1:1 coaching from industry experts, support with talent acquisition, and assistance with accounting and corporate taxes. You will also receive customized market research and have access to a marketing and event planner assistant. These resources are tailored to help your business grow and scale effectively.
By joining this program, you gain direct access to a network of investors and participate in an Investment Readiness Program, preparing you for future investments. The program also offers virtual or hybrid participation modes, making it flexible to fit your needs. Additionally, you will benefit from networking opportunities with other entrepreneurs and experts, which can open doors to new partnerships and collaborations.
The program is easy to qualify for and the application process takes no longer than 20 minutes. With a program fee of 750 CAD + tax for six months, the value you receive far outweighs the cost. This is a unique opportunity to accelerate your business growth with the support of a dedicated team and a vibrant entrepreneurial community.
Financing Details
Type of Financing:
- Grant: This program offers non-repayable grants.
Eligible Expenses:
- Salaries and wages for new hires.
- Costs associated with market research and focus groups.
- Expenses related to talent acquisition and team building.
- Accounting and corporate tax services.
- Marketing and event planning assistance.
Ineligible Expenses:
- Personal expenses.
- Any costs not directly related to business growth and scaling.
- Purchase of real estate or vehicles.
- Repayment of existing debts.
Fees:
- Program Fee: 750 CAD + tax. This fee covers the entire 6-month duration of the program and includes access to all services and support provided.
Qualifications
- Must be a Canadian technology-based company.
- Must be engaged in the development of intellectual property for their product.
- Must have demonstrated traction through sales, prior investments and grants, or user growth, depending on the industry.
- Minimum 50% of the company must be owned by new Canadian citizen(s) or permanent resident(s).
Must have fewer than 500 employees.
Disqualifications:
- Companies with 500 or more employees.
Description
This program is designed to help your business grow and scale over six months. You will receive 1:1 coaching from business coaches, industry experts, and C-Fractional executives. This support is tailored to your needs, including help with talent acquisition, team building, accounting, corporate taxes, and sales growth in North America.
You will also get customized market research and focus group services for your company. An assigned marketing and event planner assistant will help you prepare for future investments and participation in Demo Day. This program offers a great chance to network with investors and other business professionals.
Additionally, you can participate virtually or in a hybrid mode, making it flexible for your schedule. The program fee is 750 CAD + tax for six months. This is a valuable opportunity to gain insights, support, and connections that can significantly benefit your business.
Program Steps
Complete Your Profile: Begin by filling out your business profile on the application portal. This will include basic information about your company and its operations.
Prepare Documentation: Gather the necessary documents to support your application. You will need:
- Proof of Canadian citizenship or permanent residency for at least 50% of the company’s owners.
- Financial statements showing sales, prior investments, grants, or user growth.
- Business plan outlining your company's goals and strategies.
- Documentation of intellectual property development for your product.
Fill Out the Application Form: Access the application form on the program’s website. Provide detailed information about your business, including your market, product, and team.
Submit the Application Fee: Pay the program fee of 750 CAD plus tax. Ensure you keep a receipt or proof of payment.
Review and Submit: Double-check all the information and documents you have provided. Ensure everything is accurate and complete before submitting your application.
Await Confirmation: After submission, you will receive a confirmation email. The program team will review your application and contact you if any additional information is needed.
Prepare for Interviews: Be ready for potential interviews or meetings with program representatives. They may want to discuss your business in more detail.
Finalize Participation: Once accepted, you will receive instructions on the next steps, including program start dates and any preparatory actions required.
