Hello Toronto startups and entrepreneurs! While funding has found its way to startups in record amounts as of late, Black founders are still receiving roughly 1% of the total funding allocated by VC investors, despite making up over 3% of the population. In Toronto and Canada, there are a few initiatives meant to address this discrepancy. Nobellum is one of those initiatives
, a non-profit social and technology enterprise dedicated to carving out a space in the technology industry for Black founders in STEM.
Nobellum is joining forces with the University of Toronto to help launch at least one hundred Black-owned startups by 2025. This weekend, it’s holding its Innovathon
, which includes a pitch competition on Saturday for startup funding and a chance to participate in their nine-month incubation program. Look to the events listing for more.
The people at ventureLAB have started accepted applications to their Hardware Catalyst Initiative
, which enables the creation of transformative technologies that will power the products of tomorrow. Applications close August 3. Scroll down for more information.
Looking to scale your startup? Today is the last chance to apply to the ELLA Altitude Accelerator
, a four-month program to develop a strategic growth plan, designed for women entrepreneurs. Read on for further details.
Have a great week, and stay well!
Here are some upcoming deadlines for applying to accelerators, grants and funding, or other competitions. Don’t miss out! If you know of others, please submit any application deadlines and I’ll post them if they’re relevant.
You’ve been in business for some time now, know your customers inside and out and can see high potential for your business in markets you haven’t been able to reach yet. Now it’s time to set out a robust plan for growth and increase your capacity to scale. ELLA Altitude is a four-month accelerator program designed for women entrepreneurs who are ready to rapidly scale their business. You’ve made it this far, now get access to the expert advice you need to fast-track your learning and accelerate your growth. Each participant will receive advice tailored to their business, develop their step-by-step strategic growth plan for expansion, be held accountable to those goals, and gain access to curated networking opportunities with a vast portfolio of professionals.
VentureLAB’s Accelerate AI is a six-month program funded through Scale AI (Canada’s AI Supercluster), to support growing and scaling AI startups offering intelligent solutions and applications in the supply chain industry. Through tailored, streamlined support, participating ventures will accelerate their development and commercialization journeys, receiving support in four key areas: attracting and retaining talent, customer acquisition, access to capital, and technology development. Based in York Region, Canada’s second-largest tech cluster, Accelerate AI leverages the region’s existing strengths and expertise to further expand Canada’s AI leadership. Participants will also get access to mentors and advisors, support for product development, free access to the ventureLAB Innovation Space, and much more.
The Station Fintech Montréal Accelerator, powered by Highline Beta, is an opportunity for Seed to Series A stage startups working in payment, lending, wealth management, cybersecurity, data, open banking, sustainable finance and insurance to expand their network, get ready for fundraising, and connect with corporations. The thirteen-week program will benefit startups working on creating tangible, providing a clearer definition of what environmental, social and corporate governance (ESG) means for the financial services industry. Participants will receive four months of milestone-driven programming tailored to their needs; hands-on weekly coaching on growth, plan development, fundraising, and corporate engagement strategy; corporate connections with curated events, pitch sessions, and private sessions with advisors; as well as an optional minimum initial investment of $25K.
VentureLAB’s Hardware Catalyst Initiative is Canada’s only lab and incubator for founders building hardware and semiconductor-focused products. Funded in part by the Government of Canada, through the Federal Economic Development Agency for Southern Ontario, this competitive program enables tech companies building foundational technologies in transformative sectors like AI, healthcare technology, clean tech, IoT, and beyond, to accelerate their time to market in a sector that normally incurs lengthy entry and scale times. The Hardware Catalyst enables the creation of transformative technologies that will power the products of tomorrow: consumer electronics, telecommunications, smart energy, connected transportation, and more. As Canada’s leading hardware hub, the Hardware Catalyst enables ventures to become competitive players in the global semiconductor industry.
The Newcomer Entrepreneur Accelerator Program is a six-month accelerator program, supported in part by funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). Ten selected companies led by newcomer entrepreneurs will develop a clear marketing and sales strategy, an IP strategy, and a structure ready to hire new talent and identify funding opportunities. The main purpose of the program is to accelerate their integration into the ecosystem, increase their sales and funding, and start hiring, putting them in a better position to strategically grow and recover in a post-pandemic economy.
Refugee women face a large number of barriers in their journey to success and empowerment. Our current ecosystem lacks the awareness, engagement, and understanding of the unique refugee woman experience. HerStartUp empowers refugee women from diverse backgrounds to launch their very own businesses. The program values diversity and focuses on the inclusion of refugee women within the startup community. We are seeking applicants who are passionate and driven to launch their own business, and have a wide-range of personal and professional experiences. Successful candidates will possess an entrepreneurial mindset as well as a commitment to learn more.
Are you building an edtech product that could change the way people learn and teach If your answer is ‘yes’, then our accelerator, supported by Knowledge Hook, is designed for you. We’ll teach you how to clarify your vision to see a real positive impact while building a business that succeeds, regardless of your niche or customers. Our mission is to build accelerator programs that collectively help improve the way people learn all over the world, based on true academic methods and iterated through hundreds of entrepreneurs. We will guide you through our powerful and effective methodology to build successful learning and teaching products.
BHive is an initiative powered by the City of Brampton with a goal to empower the next generation of innovators, accelerate their journey, and create a positive impact for the entrepreneur, economy, and community as a whole. The program has been strategically designed to ensure startups have everything they need to scale and grow. Successful applicants will have access to an unrivaled ecosystem and expertise to support exceptional founders in building successful companies. Our integrated approach involves thoughtfully designed programs, one-to-one mentorships, and access to our entire portfolio of service.
This program, delivered by Futurpreneur, will provide young, Black entrepreneurs age 18-39 across Canada with a comprehensive offering of $5,000–$60,000 in startup loan financing, as well as up to two years of mentorship, opportunities to engage with a national network of Black entrepreneurs, leaders and community organizations at a range of entrepreneurship events, and a variety of relevant tools and resources. Participants who are keen to scale their businesses even further will also be eligible for up to $40,000 in follow-on financing funded by RBC, based on the first two years of successful business performance.
At the Science Discovery Zone (SDZ) we help people take evidence-based approaches to test big ideas and discover new ventures. We aim to serve as a model for strong collaboration across all disciplines (not just the science ones) that fuels innovation and entrepreneurial discovery. What makes the SDZ stand out amongst other incubators are the unique services and opportunities we create for our community, which are geared towards fostering your goals and success!