York Entrepreneurship Development Institute (YEDI) – YEDI VC Fund (2022)
Description:
YEDI VC Fund provides funding to entrepreneurs upon completion of one of YEDI’s programs. The Fund acts as an intermediary step between the development/commercialization process and later stage investment to help achieve the necessary milestones for the next levels of investment. The Fund’s exit occurs once the venture has reached the necessary milestones and receives follow-on investment.
Comments on Funding:
Funding is up to $500,000 to help achieve the necessary milestones for the next levels of investment.
Eligibility:
Applicants must be graduates of the YEDI Incubator, International Program, Diploma programs and/or residents of YEDI’s Business Acceleration Campuses.,
Documentation Needed:
Applicants must:
- showcase and pitch their project,
- submit a Letter of intent from a follow-on investor or proof of ability to buy YEDI VC shares back within 3 years,
- complete the YEDI due diligence.
Program Contact:
When It Ends:
Ongoing
Deadline:
Rolling deadline