Accelerated Growth Program
Canada
Support for technology startups
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDateNovember 14, 2019
- grant_single|grantStatusClosed
grant_single|financingType
Expert Advice
grant_single|eligibleIndustries
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
grant_single|grantors
- ventureLAB
grant_single|status
grant_card_status|open
grant_single_labels|preview
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.
grant_single_labels|projects
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.
grant_single|admissibleProjectsExample
$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
grant_single_labels|admissibility
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.
grant_eligibility_criteria|who_can_apply
Technology startups that are incorporated in Canada and are looking to scale in hardware, enterprise software, AI solutions, or innovative tech solutions.
grant_eligibility_criteria|who_cannot_apply
- 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
grant_eligibility_criteria|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.
grant_eligibility_criteria|zone
The eligible geographic zone for this grant is Canada.
- Incorporated in Canada
grant_single_labels|criteria
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.
grant_single_labels|register
- Step 1: Join ventureLAB Community
- Submit an application on the “Join Us” page of ventureLAB’s website.
- Step 2: 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.
- Step 3: 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.
- Step 4: Notification of Status
- Receive notification of your application status within six weeks following the review panel.
- Step 5: Program Participation
- Successful candidates will participate in the Accelerated Growth Program for a period of three to six months.
grant_single_labels|otherInfo
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.
grant_single_labels|contact
905-248-2727
Apply to this program
Accelerate Your Tech Enterprise with the Accelerated Growth Program
The Accelerated Growth Program is a strategic initiative offering tech companies in Canada a pivotal opportunity to advance their projects and scale their ventures through personalized mentorship and state-of-the-art resources. This program fosters an enriching environment that supports businesses in semiconductors, AI solutions, and innovative tech with the tools and network needed for robust development.
Explore the Unique Features and Benefits of the Accelerated Growth Program
The Accelerated Growth Program, presented by ventureLAB, is meticulously crafted to bolster tech startups operating within hardware, semiconductors, enterprise software, and AI solutions. Comprising a three to six-month intensive period, the program immerses participants in a nurturing ecosystem filled with bespoke mentorship and strategic planning, aimed at accelerating business scale and development. With a proven track record, ventureLAB stands out in fostering innovation through extensive resources like its Innovation Space — a 50,000 sq. ft. hub equipped for cutting-edge experimentation and testing, facilitating over 4,000 companies in realizing their growth ambitions and creating more than 6,800 jobs.
The program provides unparalleled access to seasoned Executives in Residence, granting companies the opportunity to receive tailored advice based on their specific challenges. These executives contribute over 15 hours of focused advisory support, helping startups to delineate and achieve key business milestones while crafting resilience-oriented growth plans. Moreover, the Accelerator provides entry into a vast partner network comprising academic leaders and innovation experts who offer additional resources and collaborative opportunities, propelling projects forward with collaborative strength.
Participants benefit from reduced rates on ventureLAB’s Innovation Space Hub Membership, allowing them to utilize collaborative workspaces and professional facilities at a fraction of the usual cost. This significantly enhances the working environment, encouraging creativity and facilitating seamless networking. Furthermore, through the Perks platform, startups gain access to over 300 discounts and credits for essential business tools and services, thus markedly reducing operational costs and enhancing resource allocation efficiency.
The Accelerated Growth Program also delves into the critical arena of Intellectual Property (IP) support, providing comprehensive evaluation and strategic assistance to safeguard innovations. This facet ensures that groundbreaking ideas are well-protected and poised for successful market entry, thereby securing a competitive edge for the participating companies.
The application process is designed to identify startups with significant growth potential. It involves a structured sequence from joining the ventureLAB community to presenting before a review panel, ensuring that selected candidates receive the maximum possible value from their engagement. The transparent multi-step approach ensures that the program identifies startups with a demonstrable proof of concept or those currently in beta testing, thereby optimizing the support offered to those ready to scale.
In participating in the Accelerated Growth Program, startups are not just engaging with a funding opportunity but also embedding themselves within a well-integrated support network that champions innovation and fosters long-term growth potential. Through this initiative, ventureLAB continues its mission of enhancing the Canadian tech ecosystem by supporting startups that lead with innovation and are poised to redefine market standards.
