Type of Program:
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:
- 1big data/predictive analytics;
- 2evidence-based policing;
- 3distributed sensing/virtual patrols;
- 4community/public relations optimization;
- 5other 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:
- 2Convertible note;
- 3Venture 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:
2021 deadlines to be announced
The applicant must:
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.
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.
engage in the full accelerator program (usually the winner of the competition and any additional selected Finalists), if invited.
sign and execute the agreement which may include a term sheet normally for up to $50,000 in investment (terms and conditions apply).
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:
Recommendation and summary of due diligence in review of the application by the V13 Policetech Accelerator Business Development Officer.
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.