Saint John True Growth Funding
Early-stage market validation and engagement.
The Saint John True Growth Innovation Fund is designed to help the aspiring innovator/entrepreneur evaluate their idea/innovation for commercialization. The funding is available to help support the new venture through market validation, market research, business plan development and to help leverage additional funding.
Funding for the Saint John True Growth Innovation Fund has been provided through community donors who would like to encourage the launch of more products, services and methodologies in their community.
Entrepreneurs & Companies
Up to $5000.
Innovation in Saint John’s priority growth sectors
Energy, Advanced Manufacturing, Finance/Insurance and Professional Services, Tourism, IT, and Health & Life Sciences, Arts & Culture, and Municipal Government.
We encourage individuals, organizations, faculty and students in the community at large to apply. Partnerships and collaborations are encouraged. Successful applicants are those whose ideas/innovations have the potential for big impact, sustainability and scalability.
Applications are open year-round.
Decisions are made on a monthly basis.
Applications will be reviewed on an on-going basis.
Applicants who have been short-listed will be notified by email and invited to pitch their idea to a Saint John-based Selection Panel.
Applicants who have not been short-listed will receive an email notification.
Once approved by the Funding Committee, successful applicants will be asked to submit proof of residency in the Saint John region for the company/entrepreneur.
When due diligence is completed, a Letter of Award and Terms & Conditions Contract will be issued. When the signed contract and a Direct Deposit Form have been provided to the PDC, arrangements will be made for issuance of the first installment. Generally, it will take 3 weeks for the first installment to be received.
Applications are on-line.