Got a hot green idea? Ready to launch a business? Cleantech startups currently seeking funding and a base from which to grow are being lured north to Nova Scotia, Canada, through the Nova Scotia CleanTech Open.
This competition began on September 21, and from now until December 1 high-potential, early-stage clean technology companies from around the world are encouraged to apply. The winner will receive $100,000 in cash, a $200,000 negotiable seed investment, mentoring and in-kind business building services, including one-year free rent of turn-key space at the Innovacorp Enterprise Centre in Halifax.
The winning startup must be incorporated in Nova Scotia at the time the prize is awarded, with the intent to build the business in that province.
The Nova Scotia CleanTech Open is presented by the province through Innovacorp, Nova Scotia’s technology commercialization agency, which manages a venture capital fund that invests in early stage, high-growth companies. The organization’s target industries include clean technology, information technology and life sciences.
“Clean technology is one of the world’s fastest growing industries. Knowledge-based companies like those in the clean technology sectors create good jobs and are vital to Nova Scotia’s future prosperity,” said Percy Paris, minister of economic and rural development and tourism, in a statement. He went on to note that the competition supports the innovation and competitiveness priorities of the province’s economic growth plan.