Incubator RIC Incubator Fast track your innovative business solution to market in the age of COVID-19 The RIC Incubator program returns this September for applicants with technological innovations seeking network resources! Our team of startup advisors will work closely with you to help build your business and increase your revenue in the current COVID impacted market. Program Cost: $299/ month + HST (additional fees for office space) Next Cohort: October 1st, 2020 – January 31st, 2021 Registration Deadline : September 24th, 2020 Now Taking New Applicants! How we help Our incubator program is designed for high-potential tech startups looking to grow presence in the market. Clients get access to top-tier mentors and advisors, expert-led workshops, founder peer-to-peer networking and an invitation to join us at our newly renovated workspace in Brampton - one of Ontario’s next biggest innovation ecosystems. What you get Mentorship and Guidance • Biweekly virtual lunches with industry experts to help you understand and scale your sales cycle • Monthly expert-led coaching calls focused on making sure you meet your milestone objectives • Monthly deep dives to guide you through implementing and executing the strategies you set Funding and Partners • Exposure to funding opportunities through our Champion Series Pitch Panels and extensive investor network • Access to 100+ industry advisors and expert service providers to help you stay on track • When ready, introductions to public and private funders to help you scale Community and Connections • CEO peer-to-peer learning sessions where you can share best practices, learn from each other and network • Opportunities to network with strategic partners, investors and potential customers• Regular coaching from one of our Entrepreneurs-in-Residence, plus dedicated 1:1 office hours with members of our team to help you solve the challenges you are facing Meet Our Entrepreneurs-in-Residence James Sbrolla Cleantech domain expert James is an entrepreneur and veteran of the financial and environmental industries, bringing to the table over 25 years of experience from these sectors. Twitter Linkedin Paul Barter AI & Exponential Tech Paul is an innovation, entrepreneurship and research executive with over 30 years of experience helping tech-based businesses outperform and achieve market success. Twitter Linkedin David Harris Kolada ICT & Cleantech David is a seasoned financier and business strategist, with a proven track record in Venture Capital investing with operational and domain expertise in the ICT and Cleantech sectors. Twitter Linkedin Interested applicants should have A fully developed technology (at least MVP) that is ready to sell At least one team member working full-time on the business with a focus on sales Validated product demand- your target customer is well-defined and already engaged An innovative technological solution to a compelling problem A collaborative and coachable leadership team, committed to the end goal of success Some funding in the form of early revenue, investment from the founding team or friends & family, seed or angel investment, and/or government grants Application RIC Centre Incubator Company Information Company Name Website Primary Contact First Name Primary Contact Last Name Primary Contact Phone Primary Contact Email Are you a registered client of the RIC Centre?YesNoNot Sure In order to be considered for this program you must be a RIC Centre client. If you are not yet a registered client, please select No and also submit the registration form after completing this application. How did you hear about our incubator program?Please select... From a RIC Centre advisor Direct referral From an email Saw it on the website Saw it on social media Other I understand that this program costs $299/month +HST for the duration of the termYes The Team Tell us about your leadership team, including their names, backgrounds, and a short description of their role How many people are currently employed by your company? How many of those people are working full-time at your company? Tell us about any strategic partners or advisors on your team Technology In 1-2 short paragraphs, outline your value proposition. Include a description of the proposed product/service, a description of the first target customer segment, and a description of the value the solution will deliver to your customers What is the specific problem you are solving? How big is the problem? What is the current stage of your business? (Select all that apply)I have conducted research by speaking to my target customersI have a non-functional demo, prototype, or wireframeI have a functional MVPI am running a pilot or beta test with customersI have sold my product or service to my target customer(s)I have applied for a patent or other IP protectionI have raised external funding or grants Business Model and Milestone Objectives What is your revenue model? Approximately how much revenue have you generated over the past 12 months? List any other funding sources, including grants, awards, investment from friends and family, and other investment Describe a challenge or obstacle that is currently affecting your business that you believe could be addressed by participation in the incubator program All participants in our incubator program are asked to identify and track key milestone objectives. These milestones will help you focus your interactions with our advisors. You will be asked to report on them at mid-term and at the end of the program. Example of objectives include: revenue or sales targets, development of marketing materials, preparing financial models and projections, completion of primary market research, customer acquisition, product development or manufacturing objectives, hiring new team members, etc. Metrics that are beyond your control such as obtaining investment or grants are not recommended for this purpose.Describe up to 3 milestone objectives you’d like to achieve over the next 4-6 months. Describe the objective, why it is important to the success of your company, and what metric you will use to track your progress towards it. Milestone Objective 1 Milestone Objective 2 Milestone Objective 3 Is there anything else you'd like to tell us about your business? Optional: Upload your logo. If you are selected for the program, your logo may be used in RIC Centre promotional materials. Contact Information Our Current Incubator Tenants e-Zne-Zn has a zinc-based energy storage technology that can be up to 80% less expensive than comparable lithium-ion systems for long-duration applications, operate from -30°C to 60°C, is made of abundant and recyclable materials, and is completely safe. CloserCollabCloserCollab takes your daily admin tasks and transforms them into super user-friendly digital workflows. We reduce 90% of the time you spend acquiring, training and managing staff so you can focus your energies on growing your business. Skill SquirrelSkill Squirrel is a verifiable credentialing service that brings partners in workforce development together to make sure everyone’s capabilities and achievements are visible online to enable skills-based hiring. Mary AgMary is an agricultural automation platform. Its first commercialized product is a high-efficiency single plant enclosure that is ideal for growing cannabis at home. Anyone can grow a plant regardless of their amount of experience or time constraints. tossdown Monroe Advanced Robotics SystemsMonroe's mission is Lifesaving Trauma Stabilization to help save the lives of trauma victims, who otherwise die unnecessarily. We do this by extending their trauma victim's “Golden Hour” through direct trauma specialist guidance and physician oversight. Beyond Frontiers Delson AeronauticsDelson Aeronautics develops Ultra-Quiet, High-Thrust Propulsion Systems for Manned and Unmanned Aircraft that limit environmental impact and enable new capabilities in aircraft design. NADPENADPE developed a marketplace to help new car dealerships get rid of the slow-moving parts inventory that they can not return to the manufacturer for credit, and lack sales demand to sell on their own. CRAFTSCRAFTS is a cloud based management system for daycare operators that modernizes their practice. Early Childhood Educators are able to better manage their operations by streamlining data into an All-In-One platform. SnowMSnowM focuses on transforming SMEs into digitally empowered business using the transformational power of IoT. SnowM's smart solutions merge software, hardware, machine learning, and AI to gather business intelligence. It helps SMEs to achieve higher accuracy and efficiency to accelerate business growth. Cedallion SystemsFor Individual Property Owners who suffer from loss of rental income and trouble tenants, utilizing the power of Machine Learning & AI technologies, Cedallion Systems have developed a data analytics platform that help identify bad tenants before they become bad and help reduce the cost of property management. LifeaccountLifeaccount is an online platform for flexible employee health benefits. Traditional group benefits plans are well known for high costs, increasing premiums and unreasonable health category limits. With Lifeaccount, business owners can setup online and offer employee benefits in 20 minutes. A Glimpse at Our Graduates
