New Competition Focuses on Putting Entrepreneurs in Front of Investors

Posted by Knowlton Thomas

UPDATE: Ntree and XYZ Interactive have been announced as the inaugural winners of the VentureLynx Ready for Funding competition.

There's a new competition for Canadian startups to enter if they're looking for funding.

Different than other competitions out there, the VentureLynx Ready for Funding Competition, sponsored by Cognition LLP and MNP LLP, is designed to help entrepreneurs learn how to get funding.

“I’d much rather get an hour with a serious investor who wants to write a $200,000 to $500,000 cheque, than get an award for my mantelpiece,” Kamal Hassan, serial entrepreneur and CEO of VentureLynx, says of the competition.

Confirmed investors range from OMERS Ventures to two secretive high net worth families.

“Between them, our investors are interested in anything from small manufacturing or service businesses through to high growth tech companies," explains Kamal. He continues. He is still recruiting more investors.

To take part in the contest, businesses must pay a $25 application fee and load their pitch documents onto VentureLynx.com. After review, each participating business will get personalized feedback on its materials. According to VentureLynx, the businesses whose materials are deemed most "ready to pitch" will be judged by a panel, who will select finalists.

“We wanted all finalists to benefit from legal, accounting and business advice, so we chose sponsors suitable for small businesses," says Kamal. Each finalist will receive two hours of free services from Cognition LLP and MNP LLP.

 

Company:
XYZ Interactive Technologies Inc.
Website:
http://www.gesturesense.com
Location:
Toronto, Ontario, Canada

We believe that our technology, due to its lowest cost position and technical performance advantages over competing technologies, will play a significant role in the emergence of ubiquitous embedded sensors in our surroundings and as 3D input to our systems and machines. XYZ Interactive Technologies Inc. provides a low-cost method to identify the absolute x, y, and z position of an object in space, as well as its... more

Company:
VentureLynx
Website:
http://www.venturelynx.com
Location:
Toronto, Ontario, Canada

VentureLynx is a website for entrepreneurs and investors. Think of it like a cross between a due diligence, investor relations and portfolio management platform. more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more



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