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FEDERAL AND PROVINCIAL GOVERNMENT LAUNCH NEW TECHNOLOGY START-UP COMPETITION IN CAPE BRETON
Spark Cape Breton will support high potential, early-stage knowledge-based companies, and encourage entrepreneurial activity.
January 9, 2014 Sydney, NS Enterprise Cape Breton Corporation
Nova Scotia start-ups based in Cape Breton and the Mulgrave area have a chance to compete in a new start-up competition offering $200,000 in cash incentives.
The Spark Cape Breton competition is offering four awards of up to $50,000 in financial assistance to assist with advancing the company, as well as mentoring from a seasoned businessperson. The amount awarded will be based on the company’s needs and a judging committee’s evaluation.
Spark Cape Breton is presented by Enterprise Cape Breton Corporation (ECBC), Nova Scotia Economic and Rural Development and Tourism (ERDT), and Innovacorp.
- Entrants must be a start-up venture based in Cape Breton or the Mulgrave area. They must have a new knowledge-based product or service with zero sales revenue since inception. Funds awarded are to be used to support the completion of prototypes or preparation for taking the product or service to market.
- A six-person judging committee will consider the quality of the idea, the strength of the management team and the clarity and persuasiveness of the written and oral presentation.
- The winning entrants will be those determined by the judges to have the highest probability of entering the market in a competitively sustainable fashion and the most commercialization potential.
- Entrepreneurs have until 5 p.m. on Thursday, February 20, 2014 to submit entries. The winners will be announced March 20.
"Now, more than ever, a strong and vibrant economy in Atlantic Canada requires continuous innovation and the creation of new knowledge-based companies. Spark Cape Breton will encourage the local start-up community to advance their ideas and support the development of innovative companies that will contribute to future economic growth in the region."
The Honourable Rob Moore, Minister of State (Atlantic Canada Opportunities Agency)
"Many start-up companies evolve and grow to create jobs and make important contributions to their communities. A great entrepreneurial spirit exists in our province, and our government is committed to providing entrepreneurs and businesses in the early stages of development with the tools they need to grow. I look forward to seeing the new ventures uncovered by the Spark competition.”
NS Economic and Rural Development and Tourism Minister, Michel Samson
Director of Communications
Office of the Minister of State
Atlantic Canada Opportunities Agency
T 902.564.2951 ext. 1300
902 564 3617