In a bid to attract more startups and jobs to the Ottawa Valley, the County of Renfrew is inviting early stage startups from across Eastern Ontario and beyond to compete for a $100,000 investment.
The RC100, which counts local economic development agency Invest Ottawa among its partners, is aimed at accelerating the growth of high-potential startups and positioning them for further investment. The $100,000 convertible note is intended to support key milestones in the startup’s development, such as finalizing a prototype.
Companies do not need to be located in a specific geographic area to be eligible to compete. However, investment recipients must either establish operations in Renfrew County or have an economic impact on the Ottawa Valley.
(Sponsored)
For centuries, some of the world’s most accomplished and wealthy families have managed their fortunes through what’s known as a customized, holistic, multi-generational “family office” approach. Quietly and successfully, from
How The Ottawa Hospital uses AI tools to boost health outcomes and streamline clinical efficiency
Dr. Douglas Manuel says it all began with the Ottawa Ankle Rules algorithm, a set of clinical guidelines developed in the early 1990s by The Ottawa Hospital’s Dr. Ian Stiell
“We are excited to be hosting this competition to showcase the opportunities available to entrepreneurs locating in Renfrew County,” said Diane McKinnon, the executive director of Renfrew County Community Futures Development, in a statement.
The RC100 model is based on a similar competition in Northumberland County that was launched in 2013. Its first two recipients – Unified Computer Intelligence Corp. and Linkitz – went on to secure additional investments and appear at the Consumer Electronics Show in Las Vegas.
The deadline for applications is April 30. Successful startups will be invited to pitch to a panel of judges.
