V13 Policetech Accelerator – Scale-Up Stream
Description:
The Scale-Up Stream will offer the opportunity for innovative companies to validate their police technology applications in real-world customer demonstration projects with the Cobourg Police Service, with dedicated support from Northumberland CFDC V13 Policetech accelerator team.
At a strategic level, the V13 Policetech Accelerator is seeking solutions in:
1. big data/predictive analytics;
2. evidence-based policing;
3. distributed sensing/virtual patrols;
4. community/public relations optimization;
5. other smart policing technologies.
Comments on Funding:
V13 Policetech Accelerator Founding Partner, Northumberland CFDC, may, in its sole discretion, provide up to $50,000 in investment for companies admitted by the Chief of Police into the Scale-Up stream of the V13 Policetech accelerator, in one of the following forms:
- SAFE;
- Convertible note;
- Venture debt.
Additional financing solutions may be available up to $250,000 by separate application to Northumberland CFDC’s Community Futures Program (CFP).
Eligibility:
The applicant must:
Applications Steps:
Applicants must:
submit an Expression of Interest using the online form. V13 might request additional materials, documentation and substantiation in review and evaluation of the applicant’s full application;
participate in a competition or other gamification process such as Pitch to the Chief (and his panel of experts/senior staff) in the Innovation Commons at Venture13, if on the shortlist;
secure a Letter of Support for a $5,000 industry cash contribution, if selected;
sign an Inter-Institutional Agreement in support of a collaboration or demonstration project, if their applications for incremental funding (leveraging our industry cash contribution) were successful;
engage with the Cobourg Police Service in a customer demonstration project, supported by Northumberland CFDC and the accelerator team.
The process of shortlisting applications for invitation to the competition is based on the following evaluations:
- Recommendation and summary of due diligence in review of the application by the V13 Policetech Accelerator Business Development Officer.
- The summative recommendation of the Innovation Platoon based on scoring the Project Summary. Information on scoring criteria will be provided in the Call for Applications and may change based on the challenge statement.
Other Things to Note:
Oct 2022:
The V13 Policetech Accelerator is a joint venture of Cobourg Police Service (CPS) and Northumberland Community Futures Development Corporation (CFDC) with the support of FedDev Ontario’s Rural Innovation Initiative.
When It Ends:
Ongoing
Deadline:
Next deadlines to be determined