Newcomer Entrepreneur Accelerator Program

The eligibility criteria for the Newcomer Entrepreneur Accelerator (NEA) Program are as follows:

• Canadian technology-based company engaged in the development of intellectual property for their product.
• Have demonstrated traction, either through sales, prior investments and grants, or user growth, contingent on the industry.
• Minimum 50% of the company owned by new Canadian citizen(s) or permanent resident(s).
• Fewer than 500 employees.

Who is eligible?

Canadian technology-based companies engaged in the development of intellectual property for their products are eligible for this grant. The company must have demonstrated traction through sales, prior investments and grants, or user growth, with at least 50% ownership by new Canadian citizens or permanent residents and fewer than 500 employees.

• Canadian technology-based company
• Engaged in the development of intellectual property
• Demonstrated traction through sales, prior investments and grants, or user growth
• Minimum 50% ownership by new Canadian citizens or permanent residents
• Fewer than 500 employees

Eligible expenses

Eligible expenses for this grant include:

• Costs related to technology development and intellectual property
• Talent acquisition and team building expenses
• Accounting and corporate tax costs
• Sales growth initiatives in North America
• Market research and focus group expenses
• Marketing and event planning support
• Investment Readiness Program participation and Demo Day expenses

Evaluation and selection criteria for the Newcomer Entrepreneur Accelerator (NEA) Program:

• Demonstrated traction through sales, prior investments and grants, or user growth
• Minimum 50% ownership by new Canadian citizen(s) or permanent resident(s)
• Engaged in the development of intellectual property
• Canadian technology-based company with fewer than 500 employees