Ignite Capital's annual competition awards up to $140,000 in microfinancing to the most promising entrepreneurs in Ontario who can demonstrate the viability of their business model.

STAGE 1: THE CATEGORY AWARDS

The three finalists from each of the four award categories will compete against each other in their respective category. There are three prizes at the category level: first prize, first runner-up and second runner-up.

Please note that all winners are required to access the loan before they are awarded the grant.

FIRST AWARD

The first prize comprises a grant of $6,000 and a pre-approved loan up to $10,000.  Read more about why this prize comprises a grant plus loan.

SECOND AWARD

The first runner-up is entitled to a $3,000 grant and a pre-approved loan up to $10,000.

 

THIRD AWARD

The second runner-up is entitled to a $1,000 grant and a pre-approved loan up to $5,000.


STAGE 2: THE GRAND AWARD

In the second and final round, the four first prize winners from Stage 1 will compete against each other for the Grand Prize of $5,000, which is given as a grant.


ADDITIONAL AWARDS

Ignite Capital, along with its partners, extends an evolving offer of other value-added benefits as part of the prize package, such as:

  • Complimentary use of co-working space for a period of one year, from where you can operate your business
  • Legal counsel to help you establish your business
  • Business counsel