Innovation Guelph — Rhyze Ventures Program
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
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Innovation Guelph
grant_single|status
grant_card_status|open
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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|projects
There are eligible activities for this grant:
- Business scale-up services
- Project implementation
- Leadership coaching
grant_single|admissibleProjectsExample
$100,000
Toronto
Expanding operations by opening a second boutique in Toronto.
$200,000
Vancouver
Launching an online platform for mental health coaching in Vancouver.
$250,000
Ottawa
Implementing renewable energy solutions for coffee shops in Ottawa.
$180,000
Calgary
Scaling up a local organic food delivery service in Calgary.
$300,000
Montreal
Establishing a tech incubator supporting female coding bootcamps in Montreal.
$200,000
Halifax
Enhancing digital marketing strategies for a local bookstore in Halifax.
grant_single_labels|admissibility
The Rhyze Up! Program is designed to accelerate the growth and profitability of companies led or owned by women, nonbinary individuals, or those identifying as such in Canada. Eligibility criteria include being incorporated in Canada, employing less than five hundred staff, generating a minimum of $200,000 in annual recurring revenue (ARR), and not being a consultant or solo entrepreneur with a local 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_eligibility_criteria|who_can_apply
The Rhyze Up! Program supports women-led, women-owned, nonbinary-led, and nonbinary-owned companies incorporated in Canada with less than 500 staff and generating a minimum of $200,000 in annual recurring revenue (ARR).
- Women-led or women-owned businesses
- Nonbinary-led or nonbinary-owned businesses
- Incorporated in Canada
- Employ less than five hundred staff
- Generating a minimum of $200,000 in annual recurring revenue
grant_eligibility_criteria|who_cannot_apply
There are specific types of companies that are not eligible for this grant:
- Companies led by founders who are consultants or solo entrepreneurs with a service or retail outlet focused on selling locally
- Companies unwilling or unable to scale
- Companies not incorporated in Canada
- Companies with more than five hundred staff
- Companies generating less than $200,000 in annual recurring revenue (ARR)
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant include:
- Business scale-up services
- Mentorship
- Leadership coaching
- Funding for projects
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|register
- Step 1: Fill out the application form in detail.
- Step 2: Describe you and your company in the application.
- Step 3: Await contact from Boundless within two business days.
Apply to this program
Rhyze® Up! Grant Summary
The Rhyze® Up! national accelerator program by Boundless Accelerator™ supports women-founded or co-founded companies in Canada looking to scale up. It offers mentorship, project implementation, leadership coaching, and education, with funding support ranging from $5,000 to $10,000.
Details of the Rhyze® Up! Grant
The Rhyze® Up! program, part of Boundless Accelerator’s commitment to women entrepreneurs, caters to women-led or nonbinary-led companies in Canada generating at least $200,000 in annual recurring revenue. The program is designed to accelerate business growth and profitability, offering fully-funded Discovery Phase mentorship and a subsidized Traction Phase to address key challenges.
Through the Rhyze® Up! program, companies receive up to 15 hours of mentorship in the Discovery Phase, identifying growth opportunities at no cost. In the Traction Phase, selected companies collaborate with industry specialists to tackle challenges with a $5,000 subsidy available for approved projects, requiring a client contribution of $1,400.
Additionally, the program includes fully-funded 1:1 Leadership Coaching sessions for participants throughout the program. The eligibility criteria include being women-led, incorporated in Canada, employing less than 500 staff, and having a minimum annual recurring revenue of $200,000. The Rhyze® Up! program aims to provide the greatest acceleration for women-founded scale-up entrepreneurs in Canada, helping them advance their businesses.
Companies interested in the Rhyze® Up! program can apply by filling out a detailed application form to showcase their company and growth aspirations. Limited spots are available, and not all applicants will be accepted into the program. The program is supported in part by the National Research Council Canada Industrial Research Assistance Program (NRC IRAP).
