in Nova Scotia, Startups

Nova Scotia Startup Competition

Innovacorp, a Halifax based quasi-governmental funding, assistance and mentoring organization for startups is running a startup competition for companies, or soon-to-be companies, based in Nova Scotia.

Each first place zone winner will receive a $100,000 prize package of a combination of cash and in-kind contributions and each second place zone winner will receive a $40,000 prize package of a combination of cash and in-kind contributions to be used towards the establishment or further development of their start-up ventures. Prize packages will include support and resources in the form of expertise (i.e. legal, accounting, marketing, human resource services), funding and seed investment to be used by winners to develop their start-up businesses.

At the end of the competition, one provincial winner will be selected from among the five first place zone winners, and will be awarded a $100,000 seed investment from InNOVAcorp?s HPiTM Microfund.”

In places with less private-sector startup activity than cities like Vancouver, Montreal and Toronto, these competitions play a significant role in getting potential startups to come out of their shell. The bonus for this competition is that, unlike most competitions of this nature, the prize is significant enough to truly launch a new startup.

They have divided Nova Scotia in to 5 ‘zones’, with significant prizes for the winner and runner up companies in each zone, with one final competition to determine the provincial winner, who gets a 100,000$ cash investment.

Are you in Nova Scotia? Get off your butt and start building that startup! We will be following this very closely and will try to profile as many of the competing companies as possible.

17 Comments

  1. Very interesting Jevon; thanks for the info!
    One of their main requirements is to have a proprietary technology; I wonder how many web based businesses can satisfy that.

  2. Very interesting Jevon; thanks for the info!
    One of their main requirements is to have a proprietary technology; I wonder how many web based businesses can satisfy that.

  3. this is a great initiative although i am curious who are on the panels that select the final startups. i am always wary of government-funded competitions.

  4. this is a great initiative although i am curious who are on the panels that select the final startups. i am always wary of government-funded competitions.

  5. I didn’t read any requirement for proprietary technology. My understanding is that an open source product/service mix would be eligible.

  6. I didn’t read any requirement for proprietary technology. My understanding is that an open source product/service mix would be eligible.

  7. Nova scotia's economy is traditionally largely resource based has diversified since the middle of the 20th century. Industries such as fishing, mining, forestry and agriculture remain very important and have been joined by tourism, technology, film, music, and finance.
    =============================
    Melvin
    nova scotia drug rehab

  8. Nova scotia’s economy is traditionally largely resource based has diversified since the middle of the 20th century. Industries such as fishing, mining, forestry and agriculture remain very important and have been joined by tourism, technology, film, music, and finance.
    =============================
    Melvin
    nova scotia drug rehab

  9. This is exciting and it can help a lot of startup companies out there. A very good way to increase industries as well as motivate new companies to do their best

  10. this is similar to breakthru but they are more specific in terms of product…there are many competing companies. good luck!

  11. this is similar to breakthru but they are more specific in terms of product…there are many competing companies. good luck!

  12. P90x .It really is not expensive if you factor in the cost of a gym membership,P90x workout . The cost for P90X is about three months of a paid gym membership but you get to keep the program foreverP90x . You can try many of the online sites, but it will be the same as buying from the company or a Beachbody Coach. Make sure you are getting original DVD's. People are selling copies all over. The problem is how long will they last, P90x workout ,and you truly need the exercise and nutrition guide to even follow the program. You can go to any site http://www.p90xmall.com/ or you can go to and click on products. P90x dvd You can order directly from the site,P90x dvd.

  13. P90x .It really is not expensive if you factor in the cost of a gym membership,P90x workout . The cost for P90X is about three months of a paid gym membership but you get to keep the program foreverP90x . You can try many of the online sites, but it will be the same as buying from the company or a Beachbody Coach. Make sure you are getting original DVD’s. People are selling copies all over. The problem is how long will they last, P90x workout ,and you truly need the exercise and nutrition guide to even follow the program. You can go to any site http://www.p90xmall.com/ or you can go to and click on products. P90x dvd You can order directly from the site,P90x dvd.

Comments are closed.

Webmentions

  • Two Competitions for Startups in the Maritimes | A View from the Isle May 12, 2010

    […] running a startup competition for companies, or soon-to-be companies, based in Nova Scotia. Source: Nova Scotia Startup Competition | StartupNorth The New Brunswick Innovation Foundation, another quasi-governmental agency in Atlantic Canada, is […]

  • Two Competitions for Startups in the Maritimes | A View from the Isle May 12, 2010

    […] running a startup competition for companies, or soon-to-be companies, based in Nova Scotia. Source: Nova Scotia Startup Competition | StartupNorth The New Brunswick Innovation Foundation, another quasi-governmental agency in Atlantic Canada, is […]

  • blognation Canada » Blog Archive » Two Competitions for Startups in the Maritimes May 12, 2010

    […] running a startup competition for companies, or soon-to-be companies, based in Nova Scotia. Source: Nova Scotia Startup Competition | StartupNorth The New Brunswick Innovation Foundation, another quasi-governmental agency in Atlantic Canada, is […]

  • blognation Canada » Blog Archive » Two Competitions for Startups in the Maritimes May 12, 2010

    […] running a startup competition for companies, or soon-to-be companies, based in Nova Scotia. Source: Nova Scotia Startup Competition | StartupNorth The New Brunswick Innovation Foundation, another quasi-governmental agency in Atlantic Canada, is […]

  • Go East! Another Startup Competition - New Brunswick | StartupNorth May 12, 2010

    […] 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 […]

  • Go East! Another Startup Competition - New Brunswick | StartupNorth May 12, 2010

    […] 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 […]