thriveFORWARD

À propos du programme

Discover the impact of thriveFORWARD by Nventure, funding early-stage technology startups and driving industrial innovation in southern Ontario, with the support of FedDev Ontario and the Government of Canada.

thriveFORWARD Innovation capital investment in critical sectors and technologies across southern Ontario. Powered by Nventure. Investment in Innovation Nventure launched the first round of thriveFORWARD in 2022 to accelerate industrial investment in innovation capital across southern Ontario. We backed 179 companies and deployed $10 million to advance the talent, technology and industries of the future. The second call for applications under the thriveFORWARD banner focuses on providing equity financing to early-stage venture-track technology startups in critical sectors of the regional economy. The deadline to apply for a $50K Nventure convertible note was March 31, 2025. Standard Term Sheet $50,000 Nventure Convertible Note. Prime +4% 30% discount 36-month term Conversion threshold of $500K in aggregate financing (subject to any conversion privileges and payback clauses) so that in effect, the loan may be repaid in common shares. No valuation cap on automatic conversion IP secured as part of the GSA (General Security Agreement) Use of Proceeds are generally for commercialization of the innovation, funding key milestones on the path to market, and activities may be restricted.