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What We're Looking For Individuals or Teams of Entrepreneurs:
- With a scalable innovation idea, initial prototype, demo, or proof-of-concept,
- Who want to build a global business and brand,
- Have a willingness to commit full-time to growing their business
- And commit to locating in either Thunder Bay or Kenora
What Selected Teams Can Expect:
- Costarters will sign a royalty agreement with the Innovation Centre that stipulates repayment of the initial $18,000 in investment upon reaching agreed upon revenue targets
- At the end of the 12-week program, successful Costarters are eligible to pitch for the $250k in follow-on investment in the form of a convertible debenture from Thunder Bay Ventures (Thunder Bay Costarters) or Lake of the Woods Incentive Corporation (Kenora Costarter).
- The Costarter program ends but the support from the Innovation Centre and our eco-system partners does not. We are committed to being part of the team as the company moves forward.
- The four Thunder Bay Costarters have free diskspace in The Landing (co-working space) at the NWO Innovation Centre
- One Kenora-based Costarter will have free access to hot desk and meeting room space in our Kenora office
Program Schedule
12-week program that includes:
- Each week there will be goal setting sessions, workshops, and casual conversations with successful entrepreneurs
- Each Costarter will be matched with a dedicated mentor as well as support from the Innovation Centre’s advisors and network
- Costarters will be connected to all financial support programs including those exclusive to Northern Ontario companies
- Individual milestones for product launch, sales, investment etc will be determined for each company
Northwestern Ontario Innovation Centre
1-866-768-6682
Thunder Bay Office
2400 Nipigon Rd.
Thunder Bay, ON
Telephone: 807-768-6682
Kenora Office
301 1st Ave S. Unit 102
Kenora, ON P9N 1W2
Telephone: 807-464-3665
Visit: www.nwoinnovation.ca