Through the Impact Innovations program, participants work with the Idea Foundry team for a period of 3-6 months, depending on the maturity of the idea or company to accelerate the process towards launch or growth. The Impact Innovations program includes a loan which is composed of cash investment between $5,000 - $25,000 and personalized business development services from our team, valued between $5,000 - $50,000.
Our loans are entrepreneur-friendly, with agreements tied to the business entity, without collateral or personal guarantees. We know that it is risky to work with startups, especially in their earliest stages, and we are just as committed to the businesses success as another team member.
Early stage companies often lack the full set of skills and resources needed for the success or growth of their startup, which is where we come in. We provide skills and knowledge through a structured process and tools to help develop or refine the business model, allowing the entrepreneurial team to focus on what they know best. We also utilize our network of technical, commercial, and financial resources to assist you now and in the future. Our cash investment finances resources used in developing the idea from a commercial perspective i.e. equipment, legal fees, etc. as required for development. We provide the financial support to pay the bills while you concentrate on building your start-up and accessing capital to take you to the next level.