Type of Program:
The Seed Fund supports promising early-stage Canadian cleantech entrepreneurs with one-time grants of $50,000 to $100,000 for innovative technological projects with environmental benefits.
Comments on Funding:
Funding is a one-time grant of $50,000 to $100,000.
When It Ends:
Phase One: Referrals
Seed Fund applicants must be nominated by invited accelerators.
An accelerator partner must provide the applicant with a recommendation letter
Phase Two: Applications
Once nominated by a partner accelerator, applicants will be invited to complete their application in two steps:
Applicants will receive a personalized web link to complete an online application form.
SDTC will send an invitation to each applicant to join a Team. Applicants will find supporting documents required to complete the application in their Team under the <Guidelines and Applications Documents> Tab and should upload all documents under the “Application Documents UPLOAD” Tab.
Presentations & Deliberations If the application is eligible, candidates will be invited to a pitch session where they will have the chance to deliver a 5-minute pitch followed by a Q & A session with the Seed Fund Jury. Presentation times will be confirmed in the week before jury week.
Following the pitch sessions, the jurors will deliberate and make recommendations to SDTC’s Board of Directors for a final funding decision.
Applicants must submit:
- 1Letter of Recommendation from accelerator partner;
- 2Investor/ Pitch Deck;
- 3Signed Investors Agreements/ Subscription Agreements;
- 4Bank Statements (last 3 months);
- 5CV of Key team members;
- 6Financial statements and Financial Model, if available;
- 7Declaration of SDTC ineligible costs;
- 8Acknowledgement and Acceptance of SDTC terms and conditions;
- 9Other relevant documents shared with other investors.
The pitch should showcase for the jurors the applicant's:
- 1Value Proposition, including an understanding of the market opportunity and size ;
- 2The competitive landscape and customer acquisition plan (including Intellectual Property Strategy);
- 3Team and advisor capability and skills;
- 4Articulating how you plan to deliver environmental benefits.
Other Things to Note:
2021 Seed Fund Rounds: Winter Round - January; Spring Round - April; Fall Round - September.
Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe’s background and how he can help your business.