NORCAT – Sudbury Catalyst Fund

ByMaurice

Description:

NORCAT’s Sudbury Catalyst Fund (SCF) is a unique $5 million venture capital fund designed to accelerate the growth of scalable tech start-ups. SCF brings together a variety of partners and angel investors eager to build Northern Ontario’s entrepreneurial ecosystem by investing in and supporting a diversified portfolio of high-growth companies.

Comments on Funding:

The Sudbury Catalyst Fund will invest in two to three ventures per year, co-investing up to a maximum of $250,000 on a 1:1 matching basis.

Eligibility:

Applicants must:

  • be scalable tech start-ups;
  • be early-stage tech companies across multiple sectors including, but not limited to, mining, construction, forestry, medtech, software, and advanced manufacturing;
  • have qualified investment interest from angel investors;
  • have a commitment to operate the majority of the company’s operations in the City of Greater Sudbury;
  • be high potential ventures that have both cumulative revenues and capital raised equating to less than $1M since company inception.

Applications Steps:

Applicants must first:

Other Things to Note:

The Sudbury Catalyst Fund (SCF) is administered by the Nickel Basin Federal Development Corporation in collaboration with the City of Greater Sudbury, FedNor, and NORCAT.

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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