Fundica Roadshow announces $1,000,000 prize
For its fifth edition, the Fundica Roadshow has announced a $1,000,000 investment award to Canada’s most promising startup.
The Fundica Roadshow is an initiative that was started by online funding tool Fundica in 2013. The 2017 Roadshow has partnered with First Stone Venture Partners and will be bigger than ever before. With stops in 10 of Canada’s largest cities, from Halifax to Victoria, early stage innovators will get the chance to pitch their business to a panel of angels, VCs, banks, and government organizations.
Each of the 10 city-stop winners will be invited to the Grand Finale, where the top Canadian startup will receive a $1,000,000 investment from First Stone Venture Partners.
“In previous years, our grand prize was a trip down in the Valley in SF, with office space there as well as the chance to pitch in front of a panel of investors,” Xavier Freeman at Fundica told MTLinTECH. “This year what we really wanted to do is get a grand prize, so an investment award. And this big prize with First Stone Venture Partners, the $1,000,000 investment award, is by far the largest prize for a pitching competition that we know of.”
We partnered up WT @FirstStoneFund to offer an investment award of $1,000,000 to Canada’s most promising #startup! https://t.co/PcRrvGemRH pic.twitter.com/37jLjOVWrR
— Fundica (@Fundica) January 17, 2017
The grand finale is also an exciting addition to the event, and will gather the top ten startups from across Canada in a surprise destination, where they’ll have the chance to pitch and the grand winner will take home the investment award.
“What’s interesting with Montreal is that we’ll actually have two stops. We’ll have one stop on March 16th at Notman House, and then we’ll be back in May as well for a second stop. So there’s two opportunities for Montreal startups to pitch at the event,” said Freeman.
The winners from the two Montreal stops last year were GradeSlam and Phazon earbuds, both companies to watch in 2017.
“[Through the Roadshow] they were able to acquire visibility in Canada and also at the international level.”
To apply to pitch, you need to have a technological component to your business, be incorporated in Canada, in the seed or growth stage, and expect revenue growth > 50%. The 2017 theme is AI, AR, VR (but is not restrictive).
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