Spark Innovation Centre pleased to announce that applications are now open for its fourth annual Ignite Competition.
Two start-up companies will be awarded $25,000 to use towards their business. Along with the monetary prize, the two winners will be given free office space in The Loft and will also join Spark Centre’s Thrive Accelerator Program which offers significant advisory and business support services to achieve a faster market entry.
Spark Centre continues its strategic focus on youth entrepreneurship and accordingly, Ignite will once again include the Student Entrepreneur category for a second year, giving away $5,000 to a post-secondary entrepreneur.
The 2015 Ignite winners, IFTech and Sound Options Tinnitus Treatments have gone on to do extraordinary things with the help that they received after winning Ignite.
“Ignite was a great experience for us throughout the competition. Not only did we develop great contacts and start mentoring relationships that have helped drive our sales,” says Michael Chrostowski, PhD, President and CEO of Sound Options Tinnitus Treatments. “Winning Ignite also allowed us to create the momentum towards our entry into the US market.”
“Ignite is more than just winning a contest, it gets companies ready to meet the demands of financing. All companies need money to run and Ignite helps with that,” says IFTech Co-Founder Micheal Stanfield. “Working with Spark Centre throughout the competition helped us with our confidence and they continue to help us handle the constant ups and downs of business.”
Applications for the Young and General Entrepreneur categories must be received by 5:00pm on September 9th. Student Entrepreneur applications will be extended until 5:00pm on September 16th.
Please visit ignitedurham.ca for more information on the application process, eligibility criteria, and important dates.
Past Winners of Ignite:
IFTECH – 2015 Young Entrepreneur
Sound Options – 2015 General Entrepreneur
Durham Electro Optics – 2015 Student Entrepreneur
National ProStaff – 2014 Young Entrepreneur
Tiko 3D – 2015 General Entrepreneur
Turnkey Aquaponics – 2015 Student Entrepreneur
Squabble Students – 2013 Young Entrepreneur
MobileXCo – 2013 General Entrepreneur