SFU VentureLabs
Highlights
This program is designed for innovative startups like yours. It offers financial support to help you protect, manage, and leverage your intellectual property. This can be a game-changer for your business, providing you with the resources you need to secure your ideas and grow.
What You Get
- Up to $25,000 for legal strategy development
- Up to $60,000 for legal implementation costs
Key Benefits
- 1:1 mentorship to guide you through the process
- Foundational IP training to build your knowledge
- Enhanced access to education and skills development
Applying for this program is straightforward, and being approved can significantly boost your business's potential. Take advantage of this opportunity to secure your intellectual assets and drive your business forward.
Financing Details
Type of Financing: Grant
Eligible Expenses:
- Legal strategy development costs
- Legal implementation costs
Use of Funds:
- Up to $25,000 for legal strategy development
- Up to $60,000 for legal implementation costs
Restrictions:
- Funds cannot be used for non-legal related expenses
Fees:
- No fees associated with the program
Qualifications
- Business must be located in British Columbia, Yukon, Nunavut, or Northwest Territories.
- Must be an innovative startup.
Must be focused on protecting, managing, and leveraging intellectual property.
Disqualifications:
- Businesses located outside British Columbia, Yukon, Nunavut, or Northwest Territories.
Description
This program offers your business up to $85,000 in financial support. This money can be used to protect, manage, and leverage your intellectual property (IP).
Here’s how it works:
- Education and Awareness: Gain foundational IP training.
- Strategy: Get 1:1 mentorship and have up to $25,000 of eligible costs covered for legal strategy development.
- Implementation: Access financial support to cover up to $60,000 of eligible legal implementation costs.
This program is a fantastic opportunity to safeguard your business ideas and assets, ensuring you can grow and innovate with confidence.
Program Steps
Gather Required Documentation: Collect the necessary documents to support your application. These include:
- Business plan
- Financial statements
- Proof of business registration
- Details of intellectual property (IP) assets
- Quotes or estimates for legal costs related to IP protection
Complete the Application Form: Fill out the application form provided on the program's website. Ensure all sections are completed accurately.
Submit the Application: Submit the completed application form along with the required documentation through the program's online portal or via email.
Initial Review: The program administrators will review your application to ensure all required information and documents are included.
Schedule a Consultation: If your initial application is approved, schedule a consultation with a program advisor to discuss your IP strategy and funding needs.
Develop IP Strategy: Work with your assigned mentor to develop a comprehensive IP strategy. This may include legal strategy development and implementation plans.
Approval of Funding: Once your IP strategy is finalized, the program will review and approve funding for eligible costs.
Receive Funds: Upon approval, funds will be disbursed to cover the agreed-upon legal costs for IP protection and management.
Implement IP Strategy: Use the funds to implement your IP strategy, including legal filings, patent applications, and other necessary actions.
Report Progress: Regularly update the program administrators on the progress of your IP strategy implementation and the use of funds.