Maurice
Posted: February 4, 2022

Amount:

$ 125,000.00

Type of Program:

Investment


Description:

Next AI is a world class program for artificial intelligence based ventures and technology commercialization.

Next Canada identifies talented ideas or early-stage teams with ambitious solutions and leverage Canada’s leadership position in AI to provide them with the capital, mentorship, education and network to disrupt industries.

Next AI is delivered on two campuses: Toronto and Montréal. Next AI – Montréal is delivered in partnership with HEC Montréal.

Comments on Funding:

Funding is:

  • up to $ 125,000 in venture funding on a post-money SAFE in Toronto.
  • up to $ 25,000 in non-dilutive funding for Montreal businesses.

When It Ends:

Ongoing

Deadline:

2022 deadlines to be determined

Eligibility:

Applicants must be:

  • idea or early stage ventures that are passionate about solving global problems by leveraging the power of AI;
  • exceptional teams that are committed to building and executing powerful AI enabled solutions.

Teams that qualify for this program must have:

  • Minimum one business and one technical co-founder;
  • Combined strong backgrounds in relevant business and technical fields;
  • Deep domain expertise;
  • Relevant work and entrepreneurial experiences.

Other Things to Note:

  1. 1
    Next AI runs two concurrent cohorts per year in their two locations, Montreal and Toronto, over the course of seven months. The application period was from October 19, 2021 to December 12, 2021 for the 2022 program (March - September).
  2. 2
    Top VCs and investors from across North America are involved with NEXT Canada. Many ventures have secured follow-on funding through the Next AI investor network.

Testimonials

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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