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AGE-WELL Emerging Entrepreneur Award (2019)

From AGE-WELL Forum

AGE-WELL Emerging Entrepreneur Award (2019)

About AGE-WELL

The AGE-WELL Emerging Entrepreneur Award supports the development of emerging entrepreneurs to create and grow an innovative start-up with potential social and economic impact in Canada. The innovation must address one of AGE-WELL’s 8 Challenge Areas to shape the future of technology and aging research in Canada.

This $25,000 award is designed to give a new entrepreneur the financial resources to focus on making their ideas a viable business.

AGE-WELL is a pan-Canadian network of industry, non-profit organizations, government, care providers, caregivers, end-users, and academic partners working together to drive innovation and create technologies and services that benefit older adults and caregivers. Our vision is to harness and build upon the potential of emerging and advanced technologies in areas such as artificial intelligence (AI), e-health, information communication technologies (ICTs), and mobile technologies to stimulate technological, social, and policy innovation.

Eligibility

In order to be considered for the AGE-WELL Emerging Entrepreneur Award funding applicants must:
  1. Be students, post-doctoral fellows, or have graduated/completed a post-doctoral fellowship within the last three years seeking to turn their innovation into a viable business through an existing or planned start-up company.
  2. Be over the age of 18 and residents of Canada.
  3. Innovations previously funded by AGE-WELL (i.e. Catalyst, SIP or CIP grants) may be supported through this program. However, applicants are unable to hold funds from two 12-month AGE-WELL funding or award programs at the same time.
  4. Be able to commit 20+ hours per week towards developing or scaling their business.

The Awards

$25,000 (1 year award; not renewable). Award funds will flow as salary support in compliance with AGE-WELL grant administration guidelines and practices.

The Emerging Entrepreneur program will also provide recipients with additional mentorship and training from various members within the AGE-WELL network including AGE-WELL's Chief Entrepreneur and CEO of Rakuten Kobo, Michael Tamblyn. Recipients will be matched to key mentors who will work with and support the funded entrepreneur in building or growing their business.

Recipients will have access to AGE-WELL member benefits and specialized services from AGE-WELL partners and Core Facilities, such as legal guidance, commercialization and knowledge mobilization support, access to prototyping labs, and entrepreneurship training.

Program Requirements

Training
Recipients will be automatically enrolled in our EPIC training program (Early Professionals, Inspired Careers) and are expected to participate actively in AGE-WELL seminar series and professional development activities (e.g. workshops in commercialization or entrepreneurship) to earn the Innovators of Tomorrow certificate.

Mentorship
Award recipients are expected to hold regular meetings with their assigned mentors to ensure ongoing progress towards project goals.

Reporting
  1. Recipients are required to complete a mid-term progress report in October 2019 and
  2. complete a final report on outcomes and impact in April 2020.

Acknowledging AGE-WELL
Recipients will acknowledge the AGE-WELL Emerging Entrepreneur Award program in their presentations, publications, and other knowledge translation activities related to research conducted during their funding period. Recipients are required to use the AGE-WELL logo on their posters and other materials related to research conducted during their funding period and cooperate in the publicising of any success stories arising from this award.

Review Criteria

All applications will be reviewed by a team of field experts using the following criteria:
  • rationale and approach
  • feasibility
  • your value proposition
  • fit with AGE-WELL vision and mission

Required Documents

Award applicants must submit the following:
  1. Online Application Form
  2. Partner Letters of Support (if applicable)
  3. Curriculum Vitae

Important Dates

Applications Open: 1 February, 2019
Completed Applications Due: 8 March, 2019
Results Available: 27 March, 2019
Funding Commences: April 2019