Innovation Guelph — Rhyze Up! Program
ON, Canada
Expertise and leadership to assist women entrepreneurs
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
Expert Advice
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Innovation Guelph
grant_single|status
grant_card_status|open
grant_single_labels|preview
Access experts and leadership coaching to boost your business momentum and help you identify an effective path to scaling up.
grant_single_labels|terms_and_conditions
The Rhyze Up! Program offers financial support to assist women-founded or nonbinary-founded companies in scaling their businesses effectively. The program includes both direct financial assistance and in-kind services tailored to growth goals.
- Financial support ranges from $5,000 to $10,000 for business scale-up services.
- Phase 1: Discovery provides up to 15 hours of mentorship, fully funded at an over $2,000 value for select qualified applicants.
- Phase 2: Traction includes a $5,000 subsidy for approved projects, requiring a client contribution of $1,400.
- Fully funded one-on-one leadership coaching sessions are available throughout the program.
grant_single_labels|projects
The Rhyze Up! Program is designed to accelerate the growth and profitability of women-led or nonbinary-led companies through several key service areas. Eligible activities focus on mentorship, funding, and leadership coaching to facilitate business scale-up.
- Engagement in the Discovery Phase, providing up to 15 hours of mentorship to explore growth options.
- Participation in the Traction Phase, wherein companies access funding to address key challenges identified by working with industry specialists.
- 1:1 leadership coaching sessions offered throughout the duration of the program.
grant_single|admissibleProjectsExample
$ 100,000
Development of a new line of eco-friendly packaging solutions
$ 45,000
Enhancing the digital marketing strategy for a local art gallery
$ 75,000
Market expansion of organic skin care products in major Canadian cities
$ 150,000
Product development for a new line of electric bikes with enhanced battery life
$ 125,000
Integration of advanced analytics technology in retail operations
$ 60,000
Sales strategy enhancement for a local organic grocery store chain
grant_single_labels|admissibility
The Rhyze® Up! program has specific eligibility criteria that companies must meet to apply.
- The company must be women-led, women-owned, or nonbinary-led, or nonbinary-owned.
- The company must be incorporated in Canada.
- The company must employ less than five hundred staff.
- The company must generate a minimum of $200,000 in annual recurring revenue (ARR).
- The founder must not be a consultant or solo entrepreneur with a service or retail outlet focused on selling locally, and/or unable or unwilling to scale.
grant_eligibility_criteria|who_can_apply
The Rhyze Up! national accelerator is specifically tailored for women-founded or co-founded companies and nonbinary-led or owned companies across Canada. Participants must be incorporated in Canada, employ less than 500 staff, and generate at least $200,000 in annual recurring revenue. The program targets companies led by women or nonbinary individuals who are poised to scale their businesses beyond local markets, rather than consultants or sole entrepreneurs with a local retail focus.
grant_eligibility_criteria|who_cannot_apply
While the Rhyze® Up! Program is designed to be inclusive, there are specific restrictions regarding the status and main activity of the companies eligible for the grant. These restrictions ensure alignment with the program's goal of supporting scalable, women-led businesses.
- Consultants or solo entrepreneurs with a focus on local service or retail outlets.
- Businesses unable or unwilling to pursue scaling opportunities.
grant_eligibility_criteria|eligible_expenses
The Rhyze Up! Program offers support for women-led and nonbinary-led businesses to scale up through a variety of targeted project activities. These activities are designed to facilitate significant business growth and improve leadership skills.
- Mentorship sessions to identify pathways to business growth.
- Funding support for projects addressing growth challenges identified during mentorship.
- Leadership coaching to enhance personal and professional development.
grant_eligibility_criteria|zone
This program is open to companies incorporated anywhere in Canada, as it focuses on supporting women entrepreneurs nationwide.
- All provinces and territories in Canada.
grant_single_labels|criteria
There are evaluation and selection criteria for the Rhyze® Up! program. Companies must meet the following requirements:
- Be women-led, women-owned, nonbinary-led, or nonbinary-owned
- Incorporated in Canada
- Employ less than five hundred staff
- Generating a minimum of $200,000 in annual recurring revenue (ARR)
- Founder cannot be a consultant or solo entrepreneur with a service or retail outlet focused on selling locally, and/or unable or unwilling to scale
- Other eligibility criteria may be used to determine companies who would be the best fit for the program
grant_single_labels|register
Here are the steps to submit an application for this program:
- Step 1: Application Form
- Access the application form by clicking on "Apply Now" on the program website.
- Provide detailed information about yourself and your company, ensuring all fields are completed accurately.
- Step 2: Review and Submission
- Review your completed application to ensure all information is correct and complete.
- Submit the application electronically through the program's online platform.
- Step 3: Acknowledgement of Receipt
- Receive an email confirmation from Boundless Accelerator acknowledging the receipt of your application.
- Keep this confirmation for your records.
- Step 4: Follow-up
- Wait for a response from Boundless Accelerator. They will contact you within two business days regarding the status of your application.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The Rhyze® Up! program is supported in part by the National Research Council Canada Industrial Research Assistance Program (NRC IRAP).
