Amount:

$100,000

Type of Program:

Grant


Description:

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:

Ongoing

Deadline:

Next deadlines to be announced.

Eligibility:

Applicant must:

  • be nominated by one of SDTC's partner accelerators (see the list in Source 3 column);
  • be a Canadian-owned company, incorporated and operating in Canada;
  • have an idea that brings technology to bear on a significant environmental problem;
  • have an entrepreneurial team with the skills to take that idea to the next level;
  • be past the R&D stage and looking to take first steps towards figuring out how to commercialize their idea;
  • be able to describe how their idea will demonstrate quantifiable environmental benefits (i.e., GHG reduction, clean air, soil, or water, etc.);
  • have raised at least twice the amount of requested funding through private equity sources, not including monies from friends and family.

Applications Steps:

Phase One: Referrals

1

Seed Fund applicants must be nominated by invited accelerators. 

2

An accelerator partner must submit a company recommendation (i.e., ‘nomination’) on SDTC’s Portal when a round opens. 

3

SDTC reviews each nomination prior to inviting companies to the application phase.

Phase Two: Applications 

Once nominated by a partner accelerator, applicants will be invited to complete their application in two steps:

1

Applicants will receive a personalized access code to SDTC’s Portal, which they can use to access the system and create their login credentials. 

2

After accessing the system and creating login credentials, Applicants can then complete their Organization Profile and Application Form. Applicants are strongly encouraged to review the application and attachment requirements prior to completing the online form

2

After the Application period ends, SDTC staff will review the files for eligibility. Applicants should be prepared to provide additional materials and amend their applications if requested to do so.

Phase Three: 

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. 

Documentation Needed:

Applicants must submit:

  1. 1
    Investor/ Pitch Deck;
  2. 2
    Signed Investors Agreements/ Subscription Agreements;
  3. 3
    Bank Statements (last 3 months);
  4. 4
    CV of Key team members;
  5. 5
    Financial statements and Financial Model, if available;
  6. 6
    Other relevant documents shared with other investors.

The pitch should showcase for the jurors the applicant's: 

  1. 1
    Value Proposition, including an understanding of the market opportunity and size ; 
  2. 2
    The competitive landscape and customer acquisition plan (including Intellectual Property Strategy);
  3. 3
    Team and advisor capability and skills;
  4. 4
    Articulating how you plan to deliver environmental benefits.

Other Things to Note:

With up to 100 companies funded annually, funding rounds open every 3-4 months with a timeline of just 8 weeks to move from application submission to payment.

About the author 

Maurice

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.

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