Get connected to what your start-up needs
With the support of the Discovery Foundation, New Ventures BC is launching a Start-up Connector Program. This is a pilot program and will be free to accepted ventures.
- Do you need introductions to the right investors?
- Are looking to land your first big customer?
- Need a second look at your financing strategy and pitch?
- Have you built a solid venture but need to find relevant advisors?
With 18 years of experience running BC’s biggest tech start-up Competition NVBC has witnessed first hand how constructive feedback and strategic introductions can advance early-stage ventures. The Start-up Connector Program is a three month, focused program that helps CEOs take that next step in building a successful venture, by offering both strategic advice and targeted introductions.
Who is eligible to apply?
This program will first be offered to ventures that have placed in the top 25 of the 2018 BCIC-New Ventures Competition. Any additional available spaces will be offered to ventures with the following qualifications:
A venture with the intent to build an economically viable, for-profit business in B.C.
An early stage technology venture commercializing intellectual property
Ventures that have a product and some early customer traction
Investor-ready ventures, looking to raise financing
How long is the program? How much involvement does it require?
This program will involve an estimated 6 meetings over 3 months between September 1 to November 30 2018. However, as this is a pilot program, this estimate may change based on each venture’s needs.
Workload will depend on the objectives set by the venture and Entrepreneur-in-Residence (EiR)
How does the program work?
Accepted ventures will work one-on-one with NVBC’s EiR.
Meeting 1: NVBC’S EIR meets with the CEO for a personalized assessment session. The CEO tells the EiR their critical strategic needs. Based on the assessment meeting, they determine criteria on what/who the CEO needs to execute faster. This may include pitch critique, grant writing tips, fundraising timelines, staffing/expertise requirements, and more.
Meeting 2: EiR reviews available programs that could address the CEO’s needs and makes recommendations on what to apply for and how to write a winning application. The EiR starts to look at making warm introductions to subject-matter experts and/or potential investors the CEO is seeking.
Meetings 3, 4, 5, 6: The CEO and EiR have 2-4 follow-up meetings to debrief on outcomes and additional needs.
Meet your EiR, Bob de Wit
A Vancouver technology entrepreneur and angel investor, Bob de Wit is on the board of directors for New Ventures BC and serves as the jury and mentor “wrangler” for the BCIC New Venture competition. A co-founder and past-director of TIMIA Capital Corp., Bob’s 20-year career includes experience in corporate development, corporate finance and competitive market intelligence. An active member of the VANTEC angel network and the WUTIF angel fund, he previously founded the SFU Venture Connection entrepreneur-in-residence program.
Bob holds a BBA (marketing) and MA (economics) from Simon Fraser University. His personal interests include golf, recreational running and following professional sports, particularly hockey.
What people say about working with Bob de Wit:
“I highly recommend working with Bob de Wit. Bob gave us honest and direct feedback about what interested investors were thinking but hadn’t shared with us. We solved those problems and filled in those missing pieces, then we raised our seed round.”
– Chris Ciriello | Cyberdontics
While every venture’s outcomes will vary based on their needs, positive outcomes for ventures may include:
Securing successful grant funding
Meeting an advisor/mentor with the background the CEO needs
Strong leads for potential partners, distributors, and/or sales
- Is there a cost for this program?
- As this is a pilot program, this program will be offered free of charge, thanks to support from the Discovery Foundation. In return, participants will be required to complete two short surveys sharing their outcomes (after 3 & 6 months), plus a 15-minute exit interview.
- Can I still apply if I didn’t make it to the top 25 in the BCIC-New Ventures Competition?
- Yes, if spaces are still available and you meet the other eligibility criteria.
- Can I participate in this program if I am not located in Vancouver?
- Yes, this program is available ventures across B.C. Meetings can be in-person or via Skype/phone.
Only 8 spots available
Applications being accepted exclusively from 2018 BCIC-New Ventures Competition Round 3 ventures from June 27 to July 22nd. If spots remain, companies are invited to apply from July 23 to August 24th, or until the program is full.
Program runs September 1 to November 30, 2018
Interested? Let us know HERE