How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Accelerated Growth Program?

Accelerated Growth Program is funded by ventureLAB

What are Accelerated Growth Program's eligibility criterias?

Technology startup looking to scale in hardware, enterprise software, AI solutions, or other innovative tech solutions. Preferably with proof of concept with the first customer(s) or in a Beta test with potential customers. Incorporated in Canada.

Accelerated Growth Program

Last Update: January 24, 2025

Canada

Support for technology startups

Accelerated Growth Program at a glance

Eligible Funding

No Condition

Timeline

Open Date : November 14, 2019

Financing Type

Expert Advice

Eligible Industries

Manufacturing
Information and cultural industries
Professional, scientific and technical services

Grant Providers

ventureLAB

Status

Open

Overview of the Accelerated Growth Program program

Get 6 months of expert help to accelerate your company's growth, optimize your sales and marketing process, access investment capital and build sustainability once you have launched your product.

Eligible projects & activities

This program is available to technology startups that are incorporated in Canada, as specified by the funding body. The focus is to support ventures that are aiming to scale within the Canadian ecosystem.

Companies incorporated within Canada.

Examples of admissible projects:

$ 275,000

Scaling a medical technology startup from pilot to national distribution

$ 125,000

Developing a SaaS platform for online education, moving from beta to full launch

$ 162,500

Expanding a fintech SaaS platform for small businesses across Canada from Calgary

$ 205,000

Boosting AI-driven logistics software from beta to market-ready stage

$ 187,500

Launching a smart agriculture solution for Canadian farmers

$ 190,000

Scaling a smart home hardware startup from prototype to mass production

Eligibility criteria of the Accelerated Growth Program program

Eligibility for this program is determined by specific requirements related to the company's profile and stage of development.

Technology startup looking to scale in hardware, enterprise software, AI solutions, or an innovative tech solution.
Preferably has proof of concept with the first customer(s) or is in a Beta test with potential customers.
Incorporated in Canada.

Who is eligible?

Technology startups that are incorporated in Canada and are looking to scale in hardware, enterprise software, AI solutions, or innovative tech solutions.

Who is not eligible

Technology startup not looking to scale in hardware, enterprise software, AI solutions or innovative tech solution
Does not have a proof of concept with the first customer(s) or are not in a Beta test with potential customers
Not incorporated in Canada

Eligible expenses

The Accelerated Growth Program supports tech entrepreneurs at the validation stage who are engaged in projects related to hardware, semiconductors, and enterprise software AI solutions. The eligible activities focus on leveraging mentorship, strategic partnerships, and innovation space to drive growth and innovation.

Participation in personalized advisory and mentorship program to define business milestones and growth plans.
Engagement with Executives in Residence for specialized business support.
Utilization of discounted access to ventureLAB's Innovation Space facilities to foster innovation and networking.
Exploration and use of ventureLAB's Perks platform for cost-effective access to essential tools and resources.
Development and refinement of Intellectual Property (IP) strategies with expert support.
Collaboration with a network of industry experts from ventureLAB's Partner Network to enhance growth opportunities.

Eligible geographic areas

The eligible geographic zone for this grant is Canada.

Incorporated in Canada

Eligibility criteria of the Accelerated Growth Program program

The evaluation and selection process for the Accelerated Growth Program is designed to assess the suitability and potential of technology startups in hardware, enterprise software, AI solutions, or innovative tech solutions. The process includes joining the ventureLAB community, attending an info session, an initial evaluation, presentation to a review panel, and notification of status within six weeks.

Join the ventureLAB community by submitting an application on the “Join Us” page.
Register to attend a virtual or in-person Info Session and speak one-on-one with a dedicated advisor to determine your suitability for the program.
After the initial evaluation, successful candidates will be invited to present to a review panel for further consideration.
All candidates will be notified of their status within six weeks of their review panel.
Successful candidates will participate in the Accelerated Growth Program for three to six months.

How to apply to the Accelerated Growth Program program

Join ventureLAB Community

Submit an application on the “Join Us” page of ventureLAB’s website.

Info Session Registration

Register to attend a virtual or in-person Info Session.
Engage in a 1-on-1 discussion with a dedicated advisor to assess your suitability for the program.

Presentation to Review Panel

If initially evaluated as suitable, submit a detailed presentation for consideration.
This presentation will be reviewed by a panel for further evaluation.

Notification of Status

Receive notification of your application status within six weeks following the review panel.

Program Participation

Successful candidates will participate in the Accelerated Growth Program for a period of three to six months.

Additional information

Here are additional relevant details for this grant:

Participants benefit from a 50% discounted rate for the Innovation Space Hub Membership, which includes access to collaborative workspaces and a professional mailing address.
The program offers comprehensive Intellectual Property (IP) support to help participants safeguard their innovations and position them for market success.
Access to the Perks platform provides over 300 discounts and credits for essential tools and resources.
Selected companies will receive up to 15 hours of dedicated guidance from a program advisor to develop a strategic growth plan.
Participants have the opportunity to engage with a network of Innovation Experts and Academic sector partners for expanded growth and collaboration potential.