Toronto, ON – Ignite Capital is awarding up to $65,000 in funding to 9 emerging entrepreneurs, this fall, at their annual business pitch competition. The nonprofit has made some exciting new changes to its application categories and is currently calling on Ontario entrepreneurs, with great ideas but limited access to capital, to submit their applications now.
Entrepreneurs can apply to one of three categories: Starting Up, for businesses under two years old; Scaling Up, for part-time or freelance businesses under five years old; or Growing Up, for full-time businesses with a history of sales, under five years old. In order to apply, applicants must meet all eligibility criteria, have a viable business model and must demonstrate that they have limited access to capital.
Awards for the 2018 pitch competition will include a pre-approved loan from Ignite Capital’s partner, Alterna Savings. First place winners in each category will receive a loan up to $5,000 and a $5,000 grant. The first runner-up and second runner-up of each category will receive loans up to $5,000. First place winners from all three categories will go on to face-off for an additional $5,000 grant, leaving the overall winner with up to $15,000 in funding for their business.
Please visit www.ignitecapital.ca for more information and to submit your application to the 2018 pitch competition. The deadline to submit applications to this fall’s competition is September 30th, 2018. Selected finalists will pitch their business to a panel of industry experts this November at the Ignite Capital pitch event in Toronto.
Ignite Capital was founded in 2013 by Pat McNamara, founder of APEX Public Relations. As a non-profit organization, Ignite Capital gives aspiring Canadian entrepreneurs, with limited access to traditional financing, the opportunity to compete for capital in order to grow their business. Since its inception, Ignite Capital has distributed over $380,000 in funding and in-kind support to more than 30 entrepreneurs through their annual pitch-off competition. Loan funding is provided by Alterna Savings and sponsors include TD, All Canadian Self Storage and Business in the Streets.
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