Innovation Guelph — Rhyze Ventures Program
grant_single|update January 24, 2025
Canada
Business support for women entrepreneurs
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Other Support
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Innovation Guelph
grant_single|status
grant_card_status|open
grant_single_labels|preview
Business support program for women entrepreneurs in Ontario. Access online educational modules, practical hands-on project work, mentorship, and peer networking to address your company’s biggest business challenges. Participants will be a given chance to
grant_single_labels|terms_and_conditions
This program provides financial support to facilitate the scaling of women-led and nonbinary-led businesses through mentorship, project funding, and leadership coaching. It combines direct financial support with expertise to overcome business growth barriers.
- Financial support for business scale-up services ranges from $5,000 to $10,000.
- The Discovery Phase offers up to 15 hours of fully funded mentorship with an estimated value of over $2,000.
- In the Traction Phase, a $5,000 subsidy is available for approved projects, requiring a client contribution of $1,400.
- Fully funded 1:1 Leadership Coaching sessions are incorporated throughout the program.
grant_single_labels|projects
The Rhyze Ventures program supports projects that focus on scaling up women-led or nonbinary-led businesses, enhancing growth and profitability through structured phases. Each phase offers unique support designed to address different business growth challenges.
- Phase 1: Discovery - Involves receiving up to 15 hours of fully funded mentorship to explore growth options for the company.
- Phase 2: Traction - Provides funding assistance with a $5,000 subsidy for projects that tackle key growth challenges, requiring a client contribution of $1,400.
- Leadership Coaching - Offers fully funded, one-on-one leadership coaching sessions to support personal development and leadership skills throughout the program.
grant_single|admissibleProjectsExample
$ 200,000
Launching an online platform for mental health coaching
$ 100,000
Expanding operations by opening a second boutique
$ 250,000
Implementing renewable energy solutions for coffee shops
$ 200,000
Enhancing digital marketing strategies for a local bookstore
$ 180,000
Scaling up a local organic food delivery service
$ 300,000
Establishing a tech incubator supporting female coding bootcamps
grant_single_labels|admissibility
Eligibility for this program is determined by specific requirements related to the company's leadership, incorporation, size, revenue, and growth intentions.
- The company must be women-led or 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 cannot 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! program is for women-led or women-owned or nonbinary-led or nonbinary-owned businesses. To be eligible, these companies must be incorporated in Canada, employ less than five hundred staff, generate a minimum of $200,000 in annual recurring revenue, and must not be consultancies or solo entrepreneurs focused on local retail or services, as well as being willing and able to scale. Additional criteria may be used to select the best-fitted companies, but not all specifics are detailed in the provided information.
grant_eligibility_criteria|who_cannot_apply
Certain types of companies are excluded from the Rhyze® Up! program primarily due to their business activities or company structure. This ensures that the program supports entrepreneurs who are ready and able to scale effectively.
- Consultants or solo entrepreneurs with a primary focus on local retail sales.
- Businesses unable or unwilling to pursue scaling opportunities.
grant_eligibility_criteria|eligible_expenses
The Rhyze® Up! program offers structured phases for business development, focusing on mentorship, project funding, and leadership coaching to support women-led companies in scaling their business operations. Entrepreneurs will benefit from guided growth strategies and collaboration with industry experts.
- Receive up to 15 hours of mentorship during the Discovery Phase to identify growth options for the company.
- Access funding and collaborate with industry specialists in the Traction Phase to tackle key growth challenges.
- Participate in fully funded one-on-one Leadership Coaching sessions throughout the program.
grant_eligibility_criteria|zone
This program specifically targets companies that are incorporated in Canada. It is designed to support female and nonbinary entrepreneurs within the Canadian business ecosystem.
- Incorporated companies within Canada.
grant_single_labels|criteria
The Rhyze Up! Program has specific evaluation and selection criteria. To be considered for the program, companies must be women-led or women-owned, incorporated in Canada, employ less than five hundred staff, and generate a minimum of $200,000 in annual recurring revenue (ARR). Founders cannot be consultants or solo entrepreneurs with a local service or retail focus.
- Women-led or women-owned or 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
grant_single_labels|apply
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grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The Rhyze® Up! program's support is provided in part by the National Research Council Canada Industrial Research Assistance Program (NRC IRAP).
- The program is designed for companies that are beyond the initial startup phase and are ready to scale.
- The program emphasizes commitment to equity, diversity, and inclusion (EDI) in its approach and language.
Apply to this program
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