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|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
Projects and activities eligible for the Accelerated Growth Program include scaling technology startups in specific fields.
- Hardware development
- Enterprise software solutions
- Artificial intelligence solutions
- Innovative technology solutions
grant_single|admissibleProjectsExample
$275,000
Halifax
Scaling a medical technology startup from pilot to national distribution
$125,000
Toronto
Developing a SaaS platform for online education, moving from beta to full launch
$162,500
Calgary
Expanding a fintech SaaS platform for small businesses across Canada from Calgary
$205,000
Vancouver
Boosting AI-driven logistics software from beta to market-ready stage
$187,500
Ottawa
Launching a smart agriculture solution for Canadian farmers
$190,000
Montréal
Scaling a smart home hardware startup from prototype to mass production
grant_single_labels|admissibility
The eligibility criteria for the Accelerated Growth Program are designed to support Canadian technology startups looking to scale. These criteria ensure that applying companies have valid potential for growth in hardware, enterprise software, AI solutions, or innovative tech solutions.
- Technology startup looking to scale in hardware, enterprise software, AI solutions or innovative tech solutions
- Preferably has proof of concept with the first customer(s) or are in a Beta test with potential customers
- Incorporated in Canada
grant_eligibility_criteria|who_can_apply
Yes, there are specific types of companies that are eligible for the Accelerated Growth Program. These companies must be technology startups looking to scale in hardware, enterprise software, AI solutions, or other innovative tech solutions. They should preferably have proof of concept with the first customer(s) or be in a Beta test with potential customers and be incorporated in Canada.
- Technology startups in hardware
- Technology startups in enterprise software
- Technology startups in AI solutions
- Other innovative tech solutions
- Companies with proof of concept or in Beta testing
- Companies incorporated in Canada
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
- Technology startup looking to scale in hardware, enterprise software, AI solutions or innovative tech solution
- Preferably has proof of concept with the first customer(s) or are in a Beta test with potential customers
- Incorporated in Canada
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 the ventureLAB™ community by submitting an application on the “Join Us” page
- Step 2: Register to attend a virtual or in-person Info Session and speak 1-on-1 with a dedicated advisor to determine your suitability for the program
- Step 3: After the initial evaluation, ventureLAB will invite successful candidates to present to a review panel for further consideration
- Step 4: All candidates will be notified of their status within six weeks of their review panel
- Step 5: Successful candidates will participate in the Accelerated Growth Program for three to six months
grant_single_labels|otherInfo
The Accelerated Growth Program by ventureLAB provides extensive resources, mentorship, and discounted access to innovation spaces tailored for tech startups in hardware, enterprise software, and AI solutions.
- Advisory Support includes up to 15 hours of guidance from dedicated Advisors.
- Executives in Residence offer specialized support tailored to unique business challenges.
- Access to a vast Partner Network of Innovation Experts and Academic partners.
- Discounted 50% off Innovation Space Hub Membership for collaborative workspaces and a professional mailing address.
- Perks platform with over 300 discounts and credits for essential tools and resources.
- Comprehensive review and support for Intellectual Property (IP) strategy.
- Application process involves joining the ventureLAB™ community, attending an Info Session, and presenting to a review panel.
- Eligibility criteria include being a technology startup in hardware, enterprise software, AI, or innovative tech solution, having proof of concept or Beta test with potential customers, and being incorporated in Canada.
grant_single_labels|contact
905-248-2727
Apply to this program
Accelerated Growth Program Overview
The Accelerated Growth Program is a three to six-month initiative designed to help Canadian tech startups in hardware, semiconductors, and enterprise software, artificial intelligence solutions scale and achieve growth. The program offers personalized mentorship, strategic guidance, access to a vast network of industry experts, and numerous perks to drive innovation and business success.
Accelerated Growth Program: Unlocking Innovation and Expansion for Canadian Tech Startups
In the dynamic world of technology, staying ahead of the curve is paramount to success. The Accelerated Growth Program by ventureLAB stands as a beacon for Canadian tech startups aiming to scale their operations, innovate, and expand their market reach. This comprehensive program offers an unmatched blend of resources, expertise, and support tailored to the unique needs of startups in hardware, semiconductors, and enterprise software, including artificial intelligence solutions. Here's a detailed exploration of the Accelerated Growth Program and how it stands to revolutionize the Canadian tech landscape.
The Essence of the Accelerated Growth Program
The Accelerated Growth Program spans a period of three to six months, during which selected tech entrepreneurs are immersed in an ecosystem designed to foster growth and innovation. The program's prime focus is on startups that are in the validation stage, helping them transition from initial conceptualization to robust market-ready solutions.
Participants benefit from personalized mentorship, strategic guidance, and collaborative opportunities. The program's structure ensures that each startup receives the specific support it requires to overcome unique challenges and scale effectively.
Unique Offerings of the Program
Advisory Support
At the heart of the Accelerated Growth Program is the dedicated advisory support. Entrepreneurs are paired with an Advisor who commits up to 15 hours during the program's duration. This advisory support is pivotal in defining critical business milestones and crafting a robust growth plan. The one-on-one mentorship ensures that startups receive tailored advice and actionable insights, crucial for navigating the complexities of the tech industry.
Executives in Residence
One of the standout features of the program is access to the Executives in Residence. These seasoned professionals bring a wealth of experience and industry insights, offering specialized support that aligns with the unique business challenges of each startup. Through regular interactions and guidance sessions, participants gain valuable perspectives that inform their strategic decisions and operational tactics.
Partner Network
Collaboration and networking are integral to the success of any startup. The program leverages ventureLAB’s extensive network of Innovation Experts and Academic sector partners. This expansive network provides additional resources, support, and opportunities for growth and collaboration. Startups can tap into a reservoir of knowledge, forge strategic partnerships, and explore avenues for co-innovation.
Innovation Space
The physical workspace can significantly impact a startup’s productivity and creativity. The program offers access to ventureLAB’s Innovation Space Hub at a discounted rate of 50%. This state-of-the-art 50,000 sq. ft. facility provides collaborative workspaces, a professional mailing address, and an environment designed to foster innovation and networking. The subsidized rate makes it financially accessible for startups to leverage these premium resources.
Perks Platform
Startups often operate on tight budgets and require access to various tools and resources to streamline their operations. The Perks platform within the Accelerated Growth Program offers over 300 discounts and credits for essential tools and resources. From cloud services to marketing tools, these perks provide startups with valuable savings and support, enabling them to allocate their resources more efficiently towards growth-centric activities.
IP Support
Intellectual Property (IP) is a critical component for tech startups, often being the bedrock of their innovative solutions. The program provides comprehensive review and support for IP strategy, ensuring that innovations are safeguarded and well-positioned for success in the market. This support is crucial in navigating the complexities of IP protection and aligning it with the startup’s growth strategy.
Application Process
The application process for the Accelerated Growth Program is designed to ensure that the most promising startups are selected. It includes several stages intended to thoroughly evaluate the suitability and potential of each applicant:
- Join the ventureLAB™ Community: Interested startups must first submit an application on the “Join Us” page of the ventureLAB website. This step signifies the startup’s intent to participate and allows ventureLAB to gather initial information about the applicant.
- Info Session: Upon application, candidates must register to attend a virtual or in-person Info Session. This session provides an overview of the program and includes a one-on-one conversation with a dedicated advisor to assess the startup’s suitability for the program.
- Review Panel Presentation: Successful candidates from the initial evaluation are invited to present their startup to a review panel. This presentation allows the panel to gain deeper insights into the startup’s vision, innovation, and growth potential.
- Notification of Status: Within six weeks of the review panel presentation, candidates are notified of their application status. This duration allows the panel to rigorously assess each application and make informed decisions.
- Program Participation: Selected startups participate in the Accelerated Growth Program for a period of three to six months, during which they receive the comprehensive support and resources outlined.
Eligibility Criteria
To ensure the program supports startups with the potential for significant impact, specific eligibility criteria are in place. Eligible startups should be:
- Technology startups 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.
Success Stories and Impact
The Accelerated Growth Program has a proven track record of driving substantial impact within the Canadian tech ecosystem. To date, ventureLAB has supported over 4,000 companies, creating 6,800+ jobs and securing over $420 million in investments. The program's holistic approach ensures that startups not only survive but thrive in the competitive tech landscape.
Success stories from the program highlight the transformative effect of tailored mentorship, robust networks, and strategic support. Startups have successfully scaled their operations, entered new markets, and launched innovative products, often exceeding their growth projections.
Conclusion
The Accelerated Growth Program by ventureLAB stands as a cornerstone for the growth and success of Canadian tech startups. By offering a comprehensive support system, including personalized mentorship, strategic guidance, and access to an extensive partner network, the program equips startups with the tools and resources needed to scale effectively. The discounted access to state-of-the-art facilities, IP support, and valuable perks further enhance the growth trajectory of participating startups.
In a rapidly evolving tech landscape, the Accelerated Growth Program provides a vital platform for innovation, collaboration, and sustainable growth. For Canadian tech entrepreneurs looking to make a mark, this program is an unparalleled opportunity to accelerate their journey towards success. Apply today and join the ranks of successful innovators redefining the future of technology.
