As of Monday, May 29th, 2017, we are no longer accepting new applications for the N1M program. Only complete applications submitted and received via Reviewr by 4 PM on May 29th will be considered. Thank you for your interest in N1M.
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In 2013, with the support of FedDev Ontario, Northumberland CFDC launched our Scientists and Engineers in Business (SEB) pilot project to support STEM entrepreneurs and the commercialization of innovative products and services. This program was renewed in 2015 and rebranded as “N1M” (an abbreviation of “Northumberland one million” reflecting the funding we received from the Government of Canada). Today, N1M continues to support high potential innovation-driven enterprise in both Northumberland and across Southern Ontario.
On a competitive and qualified basis, N1M startups may receive:
Up to $30,000 in matching performance-based funding (non-dilutive and non-repayable contributions)
The strategic support of a Venture Catalyst for one year
Up to $2,500 for founders’ training (100% of eligible costs)
Upon successful program completion, the chance to pitch to Northumberland CFDC for up to $250,000 in financing
Who is Eligible?
- Idea or validation startups and SMEs with high growth potential
- Driven by innovative technologies/core competitive advantage
- Credible founder team
- Located in Northumberland* and committed to local job creation
- Able to invest (or finance the investment) of required matching funds
If your startup has or will receive funding under the OCE SmartStart Seed Funding program or other similar programs funded by FedDev Ontario’s Investing in Business Innovation (IBI) initiative, you are not eligible for N1M.
Finalists in the N100 Startup Competition are pre-qualified and do not need to submit a separate application to be considered for funding and support via N1M.
Northumberland CFDC will extend an invitation to qualified startups to develop a project with us. The N1M funding amount will be determined by a Letter of Offer including agreed-upon performance-based milestones and reporting requirements. Contracts will be issued subject to receipt of requested documentation, substantiation and completion of final due diligence.
Please note: N1M is a competitive program and not all applicants will receive funding.
*Outside of Northumberland
Startups located anywhere in Southern Ontario are eligible to apply for N1M, however, due to the geographic emphasis of the program, priority will be given to startups that are located in Northumberland or can demonstrate a local economic impact such as: hiring Northumberland residents, integrating Northumberland suppliers into your supply chain, engaging local prototyping and engineering services, working with creative and technical firms located in Northumberland, partnering with innovative fourth pillar organizations (such as the Northumberland Manufacturers’ Association and Northumberland Makers), undertaking test marketing and pilot projects in Northumberland, or otherwise engaging our local economy.
A visual representation of the N1M process from Application to Project Ready Status
1. Application Submission
2. Application Review
3. Project Development
4. Letter of Offer
5. Project Start
6. Tranche 1
7. Tranche 2
8. Ongoing Annual Reports
9. Opportunity to pitch for up to $250,000 in financing for your startup
Our N1M Startups
The following is a list of all N1M startups approved for participation in the program with performance-based funding up to the amounts indicated below. We have highlighted some of their achievements, such as winning major awards, being selected for incubator or accelerator programs, or completing successful crowdfunding campaigns.
$32,500 approved funding
$10,000 approved funding
$23,500 approved funding
Our SEB Startups
The following is a list of startups funded under the previous pilot version of the N1M program. We have also highlighted achievements of SEB startups such as KAI Innovations ranking in the top ten fastest growing companies in Canada, and Blanc Labs securing a $2 million venture round from Extreme Venture Partners.
$15,000 approved funding
$30,000 approved funding
N1M Project Manager - John Hayden
Contact John Hayden about N1M
For over a decade, John has worked with Northumberland CFDC in entrepreneurial development and finance, with a particular interest in technology-driven startups and advanced manufacturing. John is a member of the Canadian Venture Capital and Private Equity Association (CVCA) and holds an Executive Certificate in Strategy & Innovation from MIT where he participated in the Entrepreneurship Development Program in 2013. He holds a BA from the University of Toronto and a MA from the American University of Beirut and is currently involved in several startups.
John Hayden Manager, Enterprise Programs 905.372.8315 x224 firstname.lastname@example.org