• This program is currently closed.

Amount:

$30,000

Type of Program:

Investment


Description:

The GAN Xcelerate Fund is a fund of $300,000 set up as a limited partnership of 16 GAN members that will invest up to $30,000 in 10 start-up companies over 2 years.

Comments on Funding:

Funding is up to $30,000.


When It Ends:

Closed

Deadline:

2020

Eligibility:

Applicants must:

  • be startup companies in the Barrie, Simcoe, Grey, Muskoka ecosystem;
  • be “Angel Ready” in 6 – 12 months;
  • demonstrate a product that provides a solution to a painful problem, with a large addressable market;
  • provide a technology-based transformation of processes, products or services in the food, agricultural, manufacturing, consumer products, environmental and business process sectors;
  • have unique, high-quality deal flow to GAN for angel investment: strong founders, transformational product, well developed plans and a large addressable market;
  • have founders who appreciate the mentoring and support of their initial investors;
  • provide high ROI for high-risk pre-angel investment. 

Other Things to Note:

GXF will be investing in 5 companies during each of 2019 and 2020. The deadline for 2019 applications is Monday, September 16.

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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