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 New Ventures BC, Government of British Columbia

New Ventures BC — Venture Accelerator Program

Q: What are New Ventures BC — Venture Accelerator Program's eligibility criterias?

Your company must be BC-based. Your company should be developing a new and innovative product or service in any tech sector. Your company must be coachable and able to commit to regular meetings.

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
Other services (except public administration)
Public administration

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New Ventures BC
Government of British Columbia

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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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The New Ventures BC — Venture Accelerator Program provides structured payment options for program participation, facilitating mentorship access for BC-based tech ventures.

Bi-weekly mentorship sessions are available at a cost of $95 per month.
Weekly mentorship sessions are available at a cost of $150 per month.
A $50 discount is offered for the first three months to past New Ventures BC competitors.
Post-graduation, the program offers monthly mentorship sessions at $50 for one-hour sessions.

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The Venture Acceleration Program is designed to assist BC-based companies with innovative products or services in the tech sector to advance from ideation through growth stages with the help of tailored mentorship and resources. This includes support for discovering customers, validating markets, and setting business objectives.

Engagement in Market Validation Training to identify potential customers and validate markets.
Participation in ideation or pivot strategies to validate products, pricing, and go-to-market strategies.
Refinement of sales and financing goals as part of achieving product-market fit.
Development of minimum viable products and strategic plans, such as go-to-market strategies, marketing, and sales techniques.
Quarterly presentations and reviews to evaluate progress and receive feedback from mentors.
Preparation for a scale-up accelerator program post-graduation from the Venture Program.
Access to additional monthly mentorship sessions post-graduation for ongoing strategic planning.

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$ 50,000

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

$ 40,000

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

$ 55,000

Creating an innovative food delivery service focusing on sustainable packaging

$ 45,000

Developing a new e-commerce platform for vintage clothing retailers

$ 30,000

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

$ 35,000

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

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Your company must meet certain criteria to be eligible for this grant.

Be based in British Columbia (BC).
Develop a new and innovative product or service in any tech sector.
Be coachable and able to commit to regular meetings.
Be in the ideation, early, or growth phase.
Be generating revenue or be pre-revenue.

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The eligibility criteria for the Venture Acceleration Program specify that applicants must be:- Based in British Columbia (BC).- Developing a new and innovative product or service in any tech sector.- Coachable and willing to commit to regular meetings.- In the ideation, early, or growth phase of their business.- Either generating revenue or in a pre-revenue stage.

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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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The Venture Acceleration Program offers a structured path for technology entrepreneurs to develop their business strategies. The eligible activities are designed to support various stages of business growth through mentorship, training, and resource access.

Receiving one-on-one mentorship in business strategy, customer discovery, and market identification.
Participating in market validation training to refine product offerings and go-to-market strategies.
Setting and working towards quarterly business objectives such as creating Minimum Viable Products, developing marketing strategies, and refining pitches.
Engaging in quarterly reviews with a panel of experts to gain feedback and guidance for business development.
Accessing perks such as AWS credits and tools like Hubspot for startups to enhance business operations.
Receiving post-graduation support including monthly mentorship sessions and strategic planning check-ins.

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This grant is specifically available to companies based in British Columbia, Canada. The eligibility is restricted to businesses operating within the province to support local innovation and growth.

Companies based in British Columbia.

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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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Here are additional relevant details for this program:

The program provides program perks such as access to AWS credits and Hubspot for startups.
The program offers different streams based on business needs, including an Ideation Stage or Pivot stream and a Product-Market Fit stream.
Participants can take advantage of staying part of a connected alumni network with access to further mentorship.
Graduates of the program are prepared or transitioned for a scale-up accelerator program or set to move forward independently.
The mentors, known as Executives in Residence, bring decades of experience from various sectors and offer significant strategic support to businesses.