Delivered in partnership with North Forge, Futurpreneur Canada and Innovate Manitoba, the TechFutures Program is targeted to young entrepreneurs between the ages of 18 and 34, who are either pursuing or considering the commercialization of a technology-driven business idea. The program provides support to assist entrepreneurs in launching or growing an early stage technology startup. Successful recipients will receive:
$3000 in financial assistance;
Lean startup training at an Innovate Manitoba LaunchPad Startup Skills Workshop in Winnipeg on December 4th, 2016.
Business counselling and services from Entrepreneurship Manitoba.
The objectives of the program are to:
Encourage entrepreneurship among Manitoba’s youth;
Help young tech innovators develop their ideas quickly and identify the best pathway(s) for growth;
Increase commercialization of new tech ideas and tech based startup companies; and
Pave the way for the downstream creation of high-skill jobs.
The TechFutures Program is competitive in nature. Up to 20 grants will be awarded annually (in two intakes per year) to applicants who demonstrate the greatest potential for commercialization based upon the market potential of the business idea, the product/service innovation and the relevant skills and/or experience of the applicant(s).
Eligible applicants who place among the top two business ideas at North Forge's Ramp Up Weekend (spring and fall) will automatically qualify for a TechFutures grant. Remaining recipients in each intake will be selected by a committee of representatives from participating program partners; Futurpreneur Canada, North Forge, Innovate Manitoba and Manitoba Growth, Enterprise and Trade.
To be considered eligible for the program:
Applicants must be a resident of Manitoba and be 18-34 years of age. Applicant must be a Canadian citizen, permanent resident or have received landed immigrant status.
Applicants are not required to have an incorporated business. Those applicants with an incorporated business must be incorporated for a period of 12 months or less.
The business opportunity may be from any sector, but must be technology-driven or technology enabled.
Applicants must be in a stage where they are not yet generating revenue from the business idea.1
Applicants must own or have the right to commercialize the business idea and intend to do so.
Applicants (and affiliated companies) will not have received support under the program in the previous two years and cannot reapply with the same business idea.
1Revenues under $1,500 derived from beta / validation activities will be accepted.