Searching for early stage software-based tech companies in Nova Scotia

The Sprint Competition for early stage software-based technology companies is taking submissions until Dec. 21.

In order to qualify, each company must have a new knowledgebased project or service with completed or near completion of a minimum viable product and entrants can secure no more than $250,000 total in non-dilutive and/ or equity funding since its inception. Winners receive up to $25,000 and guidance from seasoned business professionals to put their ideas into action.

Funding awarded will be used to support the completion of prototypes or preparation for taking the product or service to market. Entrants must be the majority owner(s) (51 per cent or more) of the startup and plan to work fulltime with the business.

Sprint participants will have regular meetings with Innovacorp to work on their milestone plan. A maximum of 100 submissions will be accepted.

They will also attend three workshops on key subject areas to fast-track their progress: product management, B2B sales and pitching to investors. Participation in the coaching sessions and workshops is mandatory.

Winners of Innovacorp’s I-3 Technology Start-Up Competition and Spark competitions are ineligible to apply to Sprint with the same product or service from the winning submission but may apply with a different product or service and a different company.

Past participants of Innovacorp’s accelerate program and Innovacorp investment portfolio companies are ineligible for this competition.

More information including how to register can be found on Innovacorp’s website at innovacorp. ca/acceleration-initiatives/sprintcompetition.