17

Jan

Northumberland CFDC brings back N100 Startup Competition

By Joseph Czikk, Betakit

The Northumberland CFDC, a business development corporation dedicated to providing financing, strategy, and a comprehensive ecosystem for entrepreneurs, is bringing back to N100 Startup Competition. The winner takes home a cool $100,000.

Northumberland county is located one hour east of Toronto and part of the Northumberland CFDC’s mission is to establish a stronger startup culture in the area. Thus, while it calls the N100 a “global” startup competition, ultimately applicants are expected to establish a presence in Northumberland to qualify for the $100,000 investment.

Last year marked the first N100 competition, with the Unified Computer Intelligence Corporation taking the prize for it ubiquitous computing device, dubbed “the Ubi.” 34 companies applied in total.

“N100 helps accelerate early-stage companies in Ontario by providing risk capital to fund significant milestones in their development—such as prototyping—and ready them for angel round follow-on investment,” said Wendy Curtis of the Northumberland Community Futures Development Corporation. “In addition, N100 is an entrepreneurial attraction and development strategy designed to build a nucleus of next generation companies.”

To apply go to: http://n100.ca/