The Digital Commerce Calgary Fintech Award empowers fintech startups to thrive in Calgary by offering valuable resources and support. Participating founders engage in workshops, coaching, and mentorship over several weeks, forging connections with investors and industry experts to boost their business growth. As an added incentive, startups have the opportunity to vie for one of three prizes, totaling over $300,000, further propelling their success in the dynamic fintech landscape.
Eligibility Criteria
The Digital Commerce Calgary Fintech Award is specifically tailored to recognize and support fintech startups that demonstrate great potential in their early stages. To be eligible for this prestigious award, applicants must meet the following criteria:
- Private Corporation: The applicant must be a privately held company.
- Seed Stage: The fintech startup should be at the seed stage, meaning it has not yet raised a Series A funding round.
- Minimum Viable Product (MVP) with Market Traction: Applicants must have developed a minimum viable product that has gained some market traction, showcasing the potential for growth and success in the fintech industry.
- Evidence of Growth Potential: The startup must be able to provide evidence of its ability to hire and expand its team, which is crucial for sustainable growth.
- Domain Expertise and Established Team: The founders should have domain expertise in the fintech industry and have built a growing team that supports the company’s vision and goals.
- Revenue or Clear Forecast: The applicant must either have revenue or present a clear and realistic forecast for generating revenue in the near future.
- Connection to the Calgary Region: The fintech startup should be located in Calgary or have a strong value proposition that presents significant opportunities and benefits for the region. This connection can include potential economic impact, job creation, or collaboration with local businesses and organizations.
Award Process
The Digital Commerce Calgary Fintech Award follows a structured process to identify and support Canada’s most promising fintech startups:
- Application and Selection: Startups submit applications, which are reviewed by an expert panel of judges.
- Top 25 Startups: Selected startups participate in virtual fintech-focused sessions and complete a business evaluation assignment.
- Top 10 Startups: Based on evaluations, finalists receive pitch coaching and attend in-person workshops and events in Calgary.
- Top 5 Startups: The most promising startups advance to a live-pitch session at the awards ceremony.
- Top 3 Startups: Based on their performance, winners receive prizes totaling $300,000 CAD.
This competitive and engaging process enables the Digital Commerce Calgary Fintech Award to identify and nurture the brightest fintech startups, ultimately contributing to the growth and success of the Canadian fintech ecosystem.
Deadline
Keep an eye out for the 2023 dates, which will be announced shortly! Remember, the application deadline is June 5th at 11:59 p.m. (MT), and there is no fee to apply for the prestigious Digital Commerce Calgary Fintech Award. Don’t miss this incredible opportunity!
Conclusion
The Calgary Fintech Award is an exciting opportunity for fintech startups and entrepreneurs in the Calgary region to showcase their innovative solutions, gain recognition within the industry, and access valuable resources to help them grow and succeed. By fostering a spirit of collaboration and innovation, the Calgary Fintech Award is playing a vital role in shaping the future of the financial services sector and driving economic growth in the city. If you believe your fintech venture has the potential to disrupt the industry, don’t miss the chance to participate in this prestigious program.
Are you looking for similar program or funding news? Check the BBVA Blog.
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These programs offer mentorship, networking opportunities, and access to funding for Black-owned businesses. Whether you’re just starting out or looking to scale your business, BBVA has resources to help you on your journey.
Don’t miss out on this incredible opportunity to connect with like-minded individuals and take your business to the next level. Check out BBVA’s website to learn more and apply today!