AC:Incubate
Canada
Assistance to build a start-up business
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDateMarch 01, 2024
- grant_single|closingDateJuly 09, 2024
grant_single|financingType
Expert Advice
grant_single|eligibleIndustries
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Health care and social assistance
grant_single|grantors
- The Accelerator Centre
grant_single|status
grant_card_status|open
grant_single_labels|preview
Receive guidance through a business learning platform, access to mentors and assistance to find funding opportunities in order to build a start-up company working on solutions that align with the UN Sustainable Development Goals.
grant_single_labels|projects
The grant program described does not specify any geographical restrictions for eligible companies. The focus is more on the sector and the type of innovation being pursued rather than a particular location.
grant_single|admissibleProjectsExample
$50,000
Creating a smart irrigation system for urban farming to save water and increase yield
$250,000
Creating a new medtech device for minimally invasive neurosurgery
$100,000
Developing an AI-enhanced telemedicine platform for pediatric healthcare
$60,000
Developing an AI-driven remote healthcare platform for rural communities
$60,000
Establishing an AI-based system to enhance productivity in remote work settings
$70,000
Building a platform to optimize resource allocation in sustainable agriculture
grant_single_labels|admissibility
Eligibility for this program requires alignment with specific industry sectors and program goals.
- The applicant must be a startup with innovative solutions in medtech, healthtech, or aligned with the UN Sustainable Development Goals.
- Preference is given to companies with solutions supporting remote work technologies, neurosurgery, community care transitions, and digital healthcare solutions.
- The business should be scale-ready and capable of developing solutions to be commercialized in collaboration with health networks.
- Participants must be willing to engage in partnerships and receive mentorship from industry professionals.
grant_eligibility_criteria|who_can_apply
Startups and companies that are part of the Canadian tech ecosystem, particularly those engaged in medtech and healthtech innovations, are eligible to apply for the various AC programs mentioned. This includes:- Startups working on solutions aligned with the UN Sustainable Development Goals.- Companies focused on medtech and healthtech improvements, especially those with solutions for remote work, neurosurgery, community care transition, AI in patient care, and digital healthcare delivery.- Companies looking to scale with continued mentorship and investment opportunities after program completion.- Entrepreneurs seeking to innovate within the Canadian tech ecosystem, as highlighted by success stories of diverse startups such as those improving drone technology, autonomous asset protection, and automotive equality.
grant_eligibility_criteria|eligible_expenses
The grants available through the depicted programs support a variety of projects aimed at fostering entrepreneurship and innovation, particularly those that align with sustainable development goals and technological advancements in healthcare and other sectors. These projects focus on providing resources and mentorship to startups across different domains.
- Development of solutions aligned with the UN Sustainable Development Goals through the Sustainable Future Lab program.
- Enhancement of medtech and healthtech solutions with support from the AC:Med program in partnership with Grand River Hospital.
- Facilitation of remote workforce and digital healthcare delivery innovations for scaling businesses.
- Support for integrating patient and family perspectives into healthcare planning through specialized programs.
- Advancement of AI integration in patient care to improve healthcare services.
- Provision of co-working spaces with necessary amenities for startups as part of the Catalyst Commons offering.
- Opportunities for ongoing mentorship and networking through the AC:Excel program after completing initial programs.
grant_single_labels|criteria
There are evaluation and selection criteria for this grant.
- Clarity and feasibility of the project proposal
- Alignment with UN Sustainable Development Goals
- Potential impact and scalability of the startup
- Technology relevance and innovation
- Demonstrated need for resources and support
grant_single_labels|register
Here are the general steps to submit an application for this type of grant program:
- Step 1: Research Eligibility Requirements
- Review the grant program details to understand the eligibility criteria.
- Identify if your startup aligns with the program focus areas, such as the Sustainable Development Goals.
- Step 2: Gather Necessary Information and Documents
- Compile necessary business documents such as your business plan, financial forecasts, and any previous funding received.
- Prepare descriptions of your innovative solutions and how they align with the program’s goals.
- Step 3: Access Application Portal
- Visit the application portal on the program’s website.
- Create an account if required to begin the application process.
- Step 4: Complete Application Form
- Fill out the online application form with detailed information about your business and proposed project.
- Ensure all sections are completed accurately and thoroughly.
- Step 5: Submit Application
- Review the completed application to ensure that all data is accurate.
- Submit the application through the online portal by the stated deadline.
- Step 6: Confirmation of Receipt
- Receive a confirmation email once your application has been submitted.
- Keep the confirmation email for your records.
grant_single_labels|otherInfo
While eligibility and application details are essential, applicants for this grant should also consider the following insights:
- Participants in the AC programs have access to a large network of mentors, investors, and industry experts.
- Program alumni can benefit from ongoing support and mentoring opportunities through the AC:Excel initiative.
- The programs emphasize community involvement and offer mechanisms to give back through mentoring the next generation of founders.
- The AC incorporates the UN Sustainable Development Goals into its programming, signifying a commitment to innovation that leads to societal improvement.
- There is a focus on medtech and healthtech solutions in collaboration with Grand River Hospital, offering additional resources for health-related technological advancements.
Apply to this program
Empowering Innovative Startups with AC:Incubate
The AC:Incubate program offers a robust framework for startups aiming to scale their operations while nurturing innovation within a supportive community of entrepreneurs. This initiative focuses on providing resources, mentorship, and funding opportunities to enhance the growth and success of startups tackling diverse industries.
Detailed Overview of AC:Incubate and Its Impact on the Startup Ecosystem
The AC:Incubate program is an essential platform for entrepreneurial growth, curated meticulously to assist startups from conception to full-scale operation. It is particularly beneficial for startups at varying stages of development, offering a structured pathway through four critical phases: product discovery, foundational business building, customer and investor acquisition, and scaling for global markets.
In the product discovery phase, startups have access to a dynamic ecosystem that supports idea generation and validation, ensuring their innovations are viable and market-ready. The business foundation stage empowers startups by aiding them in establishing robust business models and strategies essential for sustained growth. During the customer and investor acquisition phase, startups can effectively leverage extensive networks and advisory services to attract and secure necessary capital and clientele.
Upon reaching the scaling phase, businesses receive unparalleled support to expand operations globally, ensuring they can compete effectively on an international stage. The program is rich with resources including digital and physical communities, access to workshops, events, and a team of seasoned mentors. These elements come together to equip startups with comprehensive tools and knowledge vital for success.
Moreover, the inclusion of specialized streams such as the Sustainable Future Lab underscores the commitment to advancing solutions aligned with the UN Sustainable Development Goals. This initiative not only fosters startups focused on technology but also champions those addressing broader societal challenges through innovative means. By offering targeted funding opportunities, the program ensures startups have the financial support required to advance their impactful solutions.
The AC:Incubate program is distinct in its ongoing commitment to its alumni. Post-graduation, startups are encouraged to join AC:Excel, a continuation of support through mentorship and strategic networking opportunities. Alumni gain the chance to mentor new founders, sharing their experiences and expertise, hence perpetuating a cycle of innovation and support.
Another critical facet of AC:Incubate is the AC:Med initiative, aiming to expedite medical and health technology advancements. With partnerships like that with Grand River Hospital, the program is uniquely positioned to guide startups through commercialization projects that integrate healthcare innovations into practical use, aligning with modern medical needs and improving patient care.
The opportunity for flexible coworking via AC:Cowork adds another layer of support, accommodating startups with diverse business environments. Whether needing a dedicated physical space or more flexible remote options, the comprehensive coworking solutions provided ensure businesses can remain connected to the innovation ecosystem in ways that best suit their operational demands.
In essence, AC:Incubate is more than an incubation program; it is a dynamic hub fostering innovation, sustainability, and entrepreneurial spirit. It exemplifies a holistic approach to business development, addressing not just the immediate needs of startups but also laying the groundwork for enduring success and impact within the wider business community.
