It’s the morning of Thursday the 19th of March 2015—the day of Breakthru 2015 LIVE—after months of work for five teams, the idea of becoming entrepreneurs remains a dream. But three of them will become exactly that, receiving up to $750,000 in investments and professional services from our partners to start their own company—and a new life. The application period has passed, and now all of the teams are set to pass through the various stages of the competition! It will culminate with our live event at the Fredericton Convention Centre on March 19th, 2015. Tickets go on sale in January.
Stay up-to-date with the Breakthru Competition, including exciting news and feature stories in print, television and radio - so you can vote on who you think should win! Click here to join our email list. You can unsubscribe at anytime.
The largest competition of its kind in Canada, Breakthru is the only time that NBIF invests in an idea. If your product or service is already fully-developed and you and your team are investment-ready, you may be eligible for an investment now through our Startup Investment Fund.
|Description & Provider||GRAND||SECOND||THIRD|
|Cash investment by NBIF Breakthru||$100,000||$50,000||$50,000|
|Cash investment by NBIF Startup Investment Fund*||$100,000||$100,000||$100,000|
|Cash incentives by NB Growth Program** (up to)||45,000||45,000||45,000|
|Legal services from Cox & Palmer||5,000||5,000||5,000|
|Financial advisory services from Deloitte||5,000||5,000||5,000|
|IT Services from Blue Spurs||5,000||5,000||5,000|
|Executive coaching services from Vision Coaching||5,000||5,000||5,000|
|Branding and digital design services from Orange Sprocket||15,000|
|Web and video production from Outreach Productions||5,000|
|Branding and design services from Ginger Design||5,000||5,000|
|Electronics Engineering Services from Epsilon5***||5,000|
|Company launch event at a Cineplex||2,250||2,250||2,250|
|More to be announced|
* Note that investments in the Breakthru winners will be completed in two parts and timed based on reaching specific milestones.
** The Department of Economic Development will provide NB Growth Cash incentives of up to $45,000 per Breakthru winner, subject to NB Growth program eligibility requirements.
*** If the grand prizewinner's business model does not require electronics engineering services, the prize will default to the 1st runner-up or 2nd runner-up in that order.
With prizes reaching $750,000 NBIF received applications from 62 teams representing 108 entrepreneurs from all over New Brunswick. “This is the highest number of Breakthru entries we've received to date, telling us that innovation-based entrepreneurship is something New Brunswickers want to use...
Celebrating its 8th anniversary, NBIF-backed Legacy Lane Fiber Mills was recently featured in a CBC News television report. Legacy Lane was one of NBIF's first startup competition winners. This year's Breakthru prize pot has grown to over $500,000 to startup three new companies.
Today a dream, tomorrow a reality. That's what's going to happen for three budding entrepreneurs at Breakthru 2015, with over $500,000 in prizes to start their own companies. It's what happened to this team in 2009, ChemGreen, now entering a new phase of growth in 2014.
Have your say and tell us who YOU think will win. Here's how:
A feature story on each team will be broadcast on the CBC News New Brunswick with Harry Forestell in March 2015 and uploaded to the CBC website where you can watch them again and vote via social media for who YOU think should win the Viewers' Choice Award. Stay tuned for more information about voting as the date approaches.
The Breakthru Participant Handbook outlines the essential aspects of the Breakthru Startup Competition and has been designed to assist participants in preparing their submissions to compete. The competition process has been carefully and thoughtfully developed to create the best competition possible. The Participant Handbook outlines the eligibility requirements, the competition process and the terms and conditions.
All participants must fully read and understand the Breakthru Participant Handbook prior to entering the competition.