How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the New Ventures BC — Venture Accelerator Program?

New Ventures BC — Venture Accelerator Program is funded by Government of British Columbia, New Ventures BC

New Ventures BC — Venture Accelerator Program

BC, Canada

Distance accelerator for early-stage technology in BC

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Expert Advice

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Information and cultural industries
Professional, scientific and technical services

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Government of British Columbia
New Ventures BC

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Get one-on-one business coaching, entrepreneurial training and access to exclusive services and resources as you work through the startup process.

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There are several project or activities eligible for the grant:

Developing a new and innovative product or service in any tech sector
Focusing on validating your product, pricing, and go-to-market strategy
Refining sales, financing goals, hiring, and sales strategies
Setting quarterly objectives such as minimum viable products, financing, go-to-market strategy, marketing, refining pitch, hiring, sales, raising money

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$35,000

Calgary

Creating an online platform for organic farmers to sell directly to consumers

$50,000

Vancouver

Developing a new AI-driven health app focused on remote patient monitoring

$40,000

Toronto

Launching a new VR travel experience app to explore global destinations virtually

$55,000

Ottawa

Creating an innovative food delivery service focusing on sustainable packaging

$45,000

Edmonton

Developing a new e-commerce platform for vintage clothing retailers

$30,000

Montreal

Building a new platform for local artists to sell and promote their art

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BC-based
Developing a new and innovative product or service in any tech sector
Coachable and can commit to regular meetings
In the ideation, early, or growth phase
Generating revenue or pre-revenue

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There are eligible types of companies for this grant.

BC-based
Developing a new and innovative product or service in any tech sector
Coachable and can commit to regular meetings
In the ideation, early, or growth phase
Generating revenue or pre-revenue

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There are specific types of companies that are not eligible for this grant. To be eligible, companies must meet the following criteria:

Not BC-based
Not developing a new and innovative product or service in any tech sector
Not coachable or unable to commit to regular meetings
Not in the ideation, early, or growth phase
Not generating revenue or pre-revenue

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There are eligible expenses for this grant.

Market Validation Training
Program Perks including access to AWS credits and Hubspot for startups

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There are evaluation and selection criteria for this grant. The criteria include:

BC-based company
Developing a new and innovative product or service in any tech sector
Coachable and can commit to regular meetings
In the ideation, early, or growth phase
Generating revenue or pre-revenue

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Step 1: Apply Anytime
- We accept and review applications on a rolling basis.
- After receiving your application, our team will chat with you, answer any questions, and evaluate if you are a good fit for the program.
Step 2: Choose a Mentor
- Chat with our programs team and we’ll pair you with a mentor based on your needs and availability.
Step 3: Attend Regular Meetings
- Set a regular time to meet with your mentor, and in addition, join a cohort for quarterly reviews and presentations.

Apply to this program

Venture Acceleration Program

Overview of the Venture Acceleration Program

The Venture Acceleration Program offers BC-based tech startups the opportunity to receive virtual mentorship, market validation training, quarterly reviews, and program perks to support their growth. With monthly fees ranging from $95 to $150, participants can choose from streams tailored to the ideation stage, pivot, or product-market fit, with a focus on setting quarterly objectives, attending reviews, and graduating with a solid scale-up strategy.

Eligibility and Benefits

To qualify for the Venture Acceleration Program, companies must be BC-based, working on innovative tech products or services, and committed to regular meetings. The program offers virtual mentorship sessions, market validation training, and quarterly reviews to help businesses refine their strategies and achieve growth milestones. Additionally, participants gain access to program perks like AWS credits and Hubspot for startups, enhancing their development process.

Program Structure and Cost

The program spans from 6 months to 2 years, depending on the stage of the business, with participants setting quarterly objectives such as minimum viable products, financing goals, and sales strategies. Monthly fees vary based on meeting frequency, with discounts available for past New Ventures BC competitors in the initial three months. Graduates of the program receive additional support through monthly mentorship sessions, ensuring continued strategic planning and growth.

Meet the Executives in Residence

The program features experienced Executive in Residence (EiRs) like Alan Foster, Beth Gallup, Ean Jackson, and Peter de Verteuil, who provide mentorship based on their extensive industry backgrounds. EiRs offer guidance on business objectives, priorities, sales, marketing, product management, and other key areas, leveraging their expertise to assist startups in commercializing their products and fostering growth. Additionally, EiRs have diverse backgrounds in entrepreneurship, technology, sales, and marketing, enriching the mentorship experience for participants.