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|projects
This grant is available to companies across Canada, as specified by the incorporation requirement. Eligible geographical areas encompass the entire country, ensuring broad access for women entrepreneurs.
- All provinces and territories in Canada.
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
The grant provides support for business scale-up services through a financial subsidy and mentorship opportunities.
- A $5,000 subsidy for approved business scale-up projects.
- Up to 15 hours of fully funded mentorship in the Discovery Phase.
- Fully funded leadership coaching sessions.
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).
Apply to this program
Empowering Women Entrepreneurs Through Rhyze® Up!
The Rhyze® Up! program, spearheaded by Boundless Accelerator™, offers an incredible opportunity to women-led businesses across Canada to scale and enhance their growth prospects. By providing invaluable resources such as mentorship, funding support, and leadership coaching, the initiative ensures that women entrepreneurs can navigate the complexities of scaling their ventures effectively.
In-depth Exploration of the Rhyze® Up! Program
Under the bold initiative of the Rhyze® Up!, Boundless Accelerator™ is demonstrating a profound commitment to empowering women entrepreneurs, harnessing the symbolic strength and connectivity of the rhizome plant model to foster ambitious growth. With its roots stretching across Canada, this program not only embraces but also celebrates the diversity of women in business, acknowledging their integral role in strengthening the economic fabric of the nation. This initiative, supported in part by the National Research Council Canada Industrial Research Assistance Program, provides a strategic platform for women-founded or co-founded companies eager to scale.The program unfolds through a structured journey spanning several phases designed to maximize entrepreneurial success. In the initial Discovery Phase, participants gain access to bespoke mentorship for up to 15 hours, free of charge, to carve out personalized growth pathways. This invaluable guidance aligns with each company’s unique challenges and market dynamics, setting the optimistic tone for subsequent phases.Building on the insights garnered in the Discovery Phase, the Traction Phase introduces a powerful collaborative environment where industry specialists team up with entrepreneurs to tackle identified growth barriers. This stage includes a financial component, offering a $5,000 subsidy towards project implementation to further propel the company on its desired growth trajectory. With a client contribution of $1,400, this cooperative investment nurtures a sense of commitment and shared objectives between funders and business leaders.Beyond financial and strategic support, the program emphasizes leadership development as a cornerstone of entrepreneurial growth. Participants are offered fully funded one-to-one leadership coaching sessions throughout the lifecycle of their involvement. These sessions are not merely supplementary but central to nurturing decisive leadership qualities that resonate through the business landscape, equipping participants with vital skills to steer their companies during scale-up and beyond.The Rhyze® Up! program unfolds as more than just a financial grant; it represents a transformative journey for women entrepreneurs, emphasizing sustained economic growth and a significant leap towards gender equity in the business domain. The adaptive yet structured approach accounts for varied entrepreneurial needs, ensuring that all participants gain personalized insights and actionable steps toward realizing their business potential.Ultimately, Rhyze® Up! stands as an emblem of resilience, connectivity, and growth, mirroring the rhizome's characteristics in underpinning collective success. As participating ventures progress, they not only benefit from the immediate support but also contribute to a larger narrative of empowered women reshaping the entrepreneurial landscape across Canada. Through this program, Boundless Accelerator™ reaffirms its dedication to nurturing an inclusive, diverse, and vibrant business ecosystem that harnesses the full potential of women entrepreneurs across the nation.
