The Funding Roadshow is designed to give entrepreneurs across Canada the opportunity to pitch to a panel of funders. Moreover Fundica aims to better educate entrepreneurs on funding opportunities, and facilitate connections to sources of funding.
"We need to make it easier for entrepreneurs to learn about funding and get funded both online and in face-to-face settings" said Fundica CEO Mike Lee. "What better way is there to do this than in front of a team of serious funders?"
The events will allow 180 entrepreneurs to pitch their business ideas to a panel of government and private sector funders in each city. 30 entrepreneurs will pitch per city for five minutes at a time with an extended question and answer period.
The first city hosting the Funding Roadshow will be Montreal on May 13 followed by Ottawa on May 16, Toronto on May 17, Vancouver on May 24, Calgary on May 29 and Edmonton on May 30.
Among some of the main benefits for entrepreneurs will be the chance to win the “Best Business Pitch” award as well as media coverage. Funders, meanwhile, will gain exposure through the Fundica and Startup Canada websites, blogs and social media campaigns.
Fundica is a free online tool that helps entrepreneurs find grants, tax credits, loans and equity, while helping funders post and find entrepreneurs for their funding solutions. Since launching in early 2011 Lee and his team have increasingly made in-roads in the Montreal startup community. Whether it’s contributing to community crowdfunding efforts or supporting other local initiatives, the company is highly regarded in Montreal.
For the Funding Roadshow Fundica has convinced several Canadian organizations to support them, including the Canadian Youth Business Foundation (CYBF), Microsoft BizSpark, Startup Canada, TEC Edmonton and Invest Ottawa. Several funders have already registered as well, including the Business Development Bank of Canada (BDC), BDC Venture Capital, Anges Quebec, FedDev, Mitacs and several others.
For those entrepreneurs vying to pitch there will be no shortage of investors watching them.
Fundica is urging entrepreneurs and funders to visit their website to register. Entrepreneurs must be running an SME or a startup and it must have a strong technical component to it as well as a desire to grow over 50 percent over the next year. They must also submit their presentation and an executive summary to Fundica. The deadline for submissions is May 9.