Amount:

$50,000

Type of Program:

Investment


Description:

The Scale-Up Stream will offer the opportunity for innovative companies to validate their police technology applications in real-world customer demonstration projects with the Cobourg Police Service, with dedicated support from Northumberland CFDC V13 Policetech accelerator team.

At a strategic level, the V13 Policetech Accelerator is seeking solutions in:

  1. 1
    big data/predictive analytics;
  2. 2
    evidence-based policing;
  3. 3
    distributed sensing/virtual patrols;
  4. 4
     community/public relations optimization;
  5. 5
    other smart policing technologies.

Comments on Funding:

V13 Policetech Accelerator Founding Partner, Northumberland CFDC, may, in its sole discretion, provide up to $50,000 in investment for companies admitted by the Chief of Police into the Scale-Up stream of the V13 Policetech accelerator, in one of the following forms:

  1. 1
    SAFE;
  2. 2
    Convertible note;
  3. 3
    Venture debt.

Additional financing solutions may be available up to $250,000 by separate application to Northumberland CFDC’s Community Futures Program (CFP).


When It Ends:

Ongoing

Deadline:

2021 deadlines to be announced

Eligibility:

The applicant must:

  • be a for-profit venture in the early commercialization or growth stage, incorporated in Canada, and normally having been in operations for more than two years (startup or SME);
  • have a novel, innovative and technology-driven solution to an unsolved problem in policing. Specific types of solutions will be defined by the current Call for Applications.
  • normally be at Technology Readiness Level (TRL) 6-7.

Applications Steps:

1

submit an Expression of Interest using the online form. V13 might request additional materials, documentation and substantiation in review and evaluation of the applicant's full application.

2

participate to a competition or other gamification process such as Pitch to the Chief (and his panel of experts/senior staff) in the Innovation Commons at Venture13, if on the shortlist.

3

engage in the full accelerator program (usually the winner of the competition and any additional selected Finalists), if invited.

4

 sign and execute the agreement which may include a term sheet normally for up to $50,000 in investment (terms and conditions apply).

5

engage with the Cobourg Police Service in a customer demonstration project, supported by Northumberland CFDC and the accelerator team. 

The process of shortlisting applications for invitation to the competition is based on the following evaluations:

1

Recommendation and summary of due diligence in review of the application by the V13 Policetech Accelerator Business Development Officer.

2

The summative recommendation of the Innovation Platoon based on scoring the Project Summary. Information on scoring criteria will be provided in the Call for Applications and may change based on the challenge statement.

Other Things to Note:

From time to time, the V13 Policetech Accelerator will issue a call outlining specific problems for which we are seeking innovation-driven solutions.

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.

Tags

You may also like

Research and Development Grants for Ontario Businesses (2021): 23 Government Incentives to Boost Your R&D

Research and Development Grants for Ontario Businesses (2021): 23 Government Incentives to Boost Your R&D
Success message!
Warning message!
Error message!