New Programs For Alberta Startups

If you're at a startup that's looking for funding and partnerships (what startup isn't?), you might take a look at the following programs:

IVAC Capacity Builder
Lew Turnquist and the rest of the IVAC team are looking to place $10,000,000 in a minimum of 10 companies, on a matching basis. The money is meant to help bridge companies to the point where they become VC fundable. The money is placed on a non-equity basis, and between 2-3x the principal is paid back on royalty agreement. There are a variety of other details and requirements, but interested parties should contact Lew (ping me if you don't have his contact info) or submit an application form. All the entrepreneurs I've talked to tell me that this is one of the most inexpensive forms of investment capital they've encountered.

There's talk of this program being expanded in the future, and I certainly think that bodes well for tech startups in Alberta.

Microsoft ISV Innovation Excellence Award
John Bristowe is seeking applications for Blue Sky, a program that seeks to award a Canadian developer of "a disruptive software application" access to some special Microsoft resources, including a customized engagement plan and some red carpet treatment at Microsoft HQ. This would be a good fit if you run at least part of your solution on Microsoft technology, and obviously, if you see Microsoft on your strategic roadmap. Apply online or contact John for more info (again, ping me if you don't have his contact info).

Comments

[Ryan Brooks]

Wow...

This is all a little overwhelming, but looking at the application form @ IVAC gives me a little knowledge about what kind of information I need to prepare.