September 29, 2023

FDI Forum

Earn the right Invest

Over $1 million in funds available for Canadian startups in FinTech, sciences, and a lot more

Startups can now implement for a probability to get funding from Momentum, Innovate BC, and System Calgary.


There is $1.6 million up for grabs in hard cash prizes and grants obtainable to Canadian startups in several industries, like FinTech, utilized sciences, and some others.

Innovate BC

Teachers and firms doing the job on assignments in the places of all-natural means and applied sciences can obtain up to $300,000 from Innovate BC’s Ignite system to support their exploration and enhancement initiatives. Apps are due by July 4.

Innovate BC is a Crown company of the British Columbia authorities that is mandated to fund and deliver systems to guidance the expansion of the innovation financial system in the province.

The company introduced the Ignite application in 2016 with funding from the Natural Resources and Applied Sciences Endowment. Cash from the initiative are exclusively meant to advance exploration and commercialization things to do in the province.

Eligible tasks are demanded to have a “clearly articulated resolution to an present industry problem,” are beyond proof-of-idea but pre-business, and demonstrate the capability to go to sector inside three many years.

Tasks have to also secure matching funds from business or authorities resources at a ratio of 2:1, with $2 from other sources matched by $1 from the Ignite system.

Past year’s recipients of the funding software contain projects managed by Terramera, Daanaa Resolution, and Hydrogen Know-how, and Power Company.

System Calgary

FinTech startups from throughout Canada now have the chance to compete for 3 hard cash prizes that quantity to extra than $300,000.

This calendar year, Platform Calgary and the Digital Commerce Lender are growing the Electronic Commerce Calgary FinTech award levels of competition to incorporate all FinTech startups primarily based in Canada. The software deadline is June 12.

The levels of competition selects 25 startups to go by a 6-week application that will involve interactive workshops, management panel discussions, coaching, mentorship, and networking possibilities.

The top rated five startups will have the chance to pitch to a panel of judges to contend for up to $300,000 in overall prizes. Winners will be unveiled at the award gala in Oct.

Very last year’s award recipients were being Fillip and Fleet who took house a mixed $310,000 in non-dilutive dollars.

Momentum Ventures

Montréal-based Momentum Ventures, the father or mother corporation of vacation bargains sites FlightHub and JustFly, has introduced a $1-million prize for entrepreneurs to guide its subsequent startup.

Momentum is a undertaking studio that has recognized a amount of corporations across numerous industries including journey and entertainment.

The challenge is open up to business owners throughout all verticals. In accordance to Momentum CEO Matt Keezer, the intent of this initiative is to concentration on the folks, instead than the business enterprise thoughts. Folks can submit their purposes as of today, by way of Momentum’s web-site.

“Ideas are freely out there and execution is every thing. We’re psyched to listen to from you, and we’re equally excited to assist your ambitions,” Keezer said. Candidates are not expected to have a nicely-formulated organization notion, or any notion at all.

To enter the challenge, applicants need to deliver their personal get hold of data and a assertion that describes their business enterprise, background, and aspirations, or make standard remarks.

Highlighted picture courtesy Unsplash.