The Fundica Roadshow, one of the largest pitching events for Canadian startups, will hold two pitching sessions in the next six weeks that are open to Atlantic Canadian startups.
The overall winner of the Fundica competition could receive an investment of as much as $800,000.
As was the case last year, the Fundica Roadshow is holding pitching events only in Toronto, Montreal and Vancouver. The Vancouver competition was held last week, and Atlantic Canadian companies can apply to pitch in Montreal or Toronto next month.
Interested startups can apply for the Montreal event on April 25 with an application deadline of April 14. Or they can apply by May 5 for the Toronto event, which will be held on May 16. The finale will be held in Montreal on June 20. The application forms can be found here.
The Fundica Roadshow is an annual competition open to startups from across the country, with a cash prize being given to the winner from all the roadshows. The competition ends with nine companies pitching at the finale, a panel of investors will negotiate investing in the winner or winners.
At each of the three preliminary events, 20 seed- or growth-stage companies – which must have annual revenue growth of at least 50 percent – compete for three spots in the finale. The Fundica organizers encourage applicants from outside the three host cities, and will cover the travel costs of any startup that is chosen to pitch.
The final prize is determined by the panel of VCs and their due diligence with the winner or winners. The organizers say the funding could reach $800,000. As well as the prize money, the competition offers a chance to present before VCs and support groups. In 2018, 75 investment groups attended the Fundica Roadshow events.