The New Brunswick Innovation Foundation, another quasi-governmental agency in Atlantic Canada, is running it’s own startup competition for New Brunswick startups.
There aren’t quite as many prizes as in the Innovacorp competition mentioned earlier, but it is still a pretty serious prize package, including a 100,000$ equity investment by NBIF in the winning company along with a mishmash of services that are provided to the various winners.
These competitions are worth your time whether you are established, just getting started, or even just thinking about getting a startup off the ground. The pressure of developing your business, pitching it and then, hopefully, being rewarded handsomely for your work, is all worthwhile.
Hey, I won one a few years ago and really enjoyed it. That startup, Blogtrack.com, probably wouldn’t have been launched in the end if I hadn’t received the funding that came in due to that competition. It also meant that angel investors came knocking anew. The rest, they say, is history.
Hat tip to Harold Jarche for pointing us towards this.