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GreenShoots

Grants and In-Kind Support to Nova Scotia
New Businesses for Start-Up Assistance

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Funding Source:

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Innovacorp

Deadline Date:

01/14/21 11:59 PM AST

Description:

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Grants of up to $40,000 and in-kind services to emerging Nova Scotia businesses for start-up assistance and to promote entrepreneurial activity. Funding is intended to assist high-potential, knowledge-based, early-stage technology companies in the agriculture, agri-food, bio-economy, clean technology industries, and related sectors. The goal of the program is to help improve the export potential of companies, enhance projected impacts on climate change, promote job creation, and generate economic impact in rural areas.

GrantWatch ID#:

GrantWatch ID#: 193791

Estimated Size of Grant:

Up to $40,000 in non-repayable, non-dilutive funding as well as business guidance from seasoned professionals to put their plans into action.

Additional Eligibility Criteria:

Requirements:
- Applicants must be a start-up registered and based in Nova Scotia. They must have a new knowledge-based product (i.e., a unique technology solution that cannot be easily duplicated).
- Applicants must have technologies at or beyond Technology Readiness Level 4 (TRL 4+) -stage of development (i.e., competitive applicants should have a proof of concept and have completed prototype validation in a laboratory environment, at minimum).
- Applicants must have identified a large market pain and established a company around a customer-validated problem.
- Applicants must be the majority owner(s) (51 percent or more) of the start-up and plan to work full-time with the business.
- Applicants must be from the agri-technology or bioeconomy sector, including agri-management tools and agri-waste management; anaerobic digestion; aquaculture; bioenergy; bioproducts (i.e. bio-fibers, bio-composites, biomaterials, bioplastics); crop science and crop protection; fermentation processes; plant genetics; precision agriculture and data analytics; consumer and industrial agri-food innovations; natural health products; and cannabis technology.
- Applicants must have less than $1 million in cumulative sales.

Previous GreenShoots recipients are eligible to apply for GreenShoots round two with new milestones that demonstrate traction toward investibility.

Companies that have raised more than $25,000 in equity investment from Innovacorp are ineligible. Stacking of Innovacorp and other government funding programs are subject to review and approval by the judging panel.

Pre-Application Information:

GreenShoots is now open for submissions. The deadline to apply is Thursday, January 14, 2021, by 11:59 pm AST.

Shortlisted applicants will each have 10 minutes to present their business overview, proposed budget, and milestone plan directly relating to the funding request. The presentation will be followed by a 10-minute question and answer session. Pitches will be virtual over Zoom. Participants must provide an electronic copy of their presentation 24 hours before their scheduled pitch time. The pitches are closed to the public. Feedback is provided to all shortlisted applicants on request. Successful applicants who are approved for funding will also engage in a discussion with program advisors as a first milestone.

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Submit applications online: https://innovacorp.ca/greenshoots-submission

If you have questions about the application, please contact Michaela Meltzer Gardner at agritech@innovacorp.ca.

Innovacorp
400-1871 Hollis Street
Halifax, Nova Scotia B3J 0C3

URL for Full Text (RFP):

Geographic Focus:

Canada: Nova Scotia;

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