Volta is looking for Atlantic Canadian startups to compete at the next Volta Cohort pitching competition, which will provide as many as five companies with $25,000 each.

The Halifax-based innovation hub holds the competition every six months, usually dividing $125,000 in prize money among five early-stage startups. The program – which is open to startups from across the region – was designed to address the difficulty startups face in securing their initial round of financing.

“The Cohort Program continues to foster strong entrepreneurial talent and innovation-driven startups in our ecosystem that have the potential to scale,” said Volta CEO Martha Casey in a statement. “It’s imperative for us to continue supporting these startups that come through this program so they can develop tech that reaches international markets, and continue to bolster Atlantic Canada’s reputation as a national and global destination for innovation.”

As well as investment, the winners will also receive workspace in Volta or another innovation hub, as well as access to other resources. The investments are financed by Volta, Innovacorp, BDC Capital, and the Atlantic Canada Opportunities Agency.

Since launching in 2017, Volta Cohort has invested $675,000 in 27 companies.

About 15 finalists will present their business ideas at the Pitch Event on May 19 beginning at 5:30pm.

The deadline for applying is March 29 and you can find the application details here.