Ryerson Venture Zone in Brampton – RVZ Launch & RVZ Incubator Fellowships

Description:

Launch is a virtual 8 month, non-equity based incubator program designed for MVP-ready technology startups to launch in the market. Founders who are accepted into Launch will have access to one of many RVZ Fellowships.

Comments on Funding:

Founders who are accepted into Launch will have access to one of many RVZ Fellowships of up to $20,000 in non-dilutive funding (no strings attached – no equity or intellectual property taken in return). The total value of the RVZ Fellowships is up to $300,000.

Eligibility:

Applicants must:

  • be 21+ yrs of age (and not a current student);
  • have a legally incorporated business in Canada;
  • have a working, demoable MVP (minimum-viable product);
  • have some form of market validation data (market research, user interviews, market feedback, POC/LOI/Pilot, customers, or investors);
  • be able to commit atleast 5 hours/week to the program;
  • have min. 1 dedicated full time founder and max. 4-person founding team;
  • have <$500K in private capital raised;
  • have general commercial liability insurance. 

Other Things to Note:

  1. Check their website for future application dates.
  2. The RVZ Entrepreneurship Fund is a community supported fund that provides financial support to high potential entrepreneurs who are building their business at the Ryerson Venture Zone in Brampton. Through the generosity of industry partners and donors from Brampton and across the GTA entrepreneurs will be eligible for awards at two stages of engagement: the Inspire stage (RVZ Inspire Grant) and the Launch (incubator) stage (RVZ Incubator Fellowships).

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