Get up to 50K! Applications Open until June 12
Don’t forget to get your applications in for the second cohort of the AVIN Waterloo Ventures at Communitech program before the deadline on June 12, 2020! This program offers support and up to $50,000 in funding to Ontario-based small and medium sized enterprise companies that use HD mapping technologies to develop or enhance their products and services.
Due to the COVID-19 challenges being faced by SMEs, for this cohort, the program now requires only a minimum 1:1 match instead of a 1:1.5 match. Applicants can now have a project proposal up to $100,000, with up to $50,000 reimbursement, instead of a project proposal up to $125,000 with up to $50,000 reimbursement.
If you get your draft application in by June 3, 2020 (also extended from May 22, 2020 due to COVID-19) and you are one of the first 50 companies to apply, one of our Data Growth Coaches will reach out to give you actionable feedback that will help you improve your application before the final deadline of June 12, 2020.
Check out these success stories from AVIN Waterloo Ventures Cohort 1!
For more information, check out our FAQ here.
Applications close June 12, 2020 at 5:00 p.m. ET
Applications may include, but are not limited to:
Connected and autonomous vehicles
Artificial Intelligence for map production
Sensor and multiple data source fusion for map production
Localization and perception technology
Map maintenance/updating and deployment technology
Cloud-based storage and processing
HD Map usage in C/AV simulation and training
C/AV security technology related to HD Map usage
Map usage that improves accessibility
Applications of mapping technology in other sectors (e.g., Utilities, infrastructure, fleet management, public transportation, real estate, advertising, etc.)
Successful companies will be awarded:
Funding up to $50,000 to be used towards eligible project costs related to product development, market traction and business scaling. Funds must be used to:
Develop or demonstrate a viable working prototype (product development)
Make product or service improvements to generate greater market traction and sales
Time with 1-2 coaches focused on GIS, Spatial Analytics, HD Mapping, Data Science, Data Strategy, and/or Data Engineering. This could also include additional coaching for business functions such as sales, marketing, talent retention and attraction, etc.
Support from a panel of experts to help overcome project challenges and barriers.
Dedicated support from a data analyst through the Communitech AVIN Data Concierge program. A data analyst will connect companies to external sources of data and other resources.
Upon successful completion of the program, Communitech will provide a referral to a demonstration project and/or matchmaking event with corporate partners through the AVIN Demo Zone.
Evaluation: Proposals will be evaluated based on business feasibility as well as impact on the C/AV ecosystem, contribution to spatial data and HD mapping maturity (firm or ecosystem level), and the innovative application of spatial/HD Map data or HD mapping technology.
Matching requirement: Successful applicants must provide an in-kind match at a ratio of at least 1:1 of the amount awarded.
About AVIN Waterloo Ventures at Communitech
The AVIN Waterloo Ventures Program is offered through the Ontario Centres of Excellence (OCE) RTDS partners: Communitech, University of Waterloo WatCAR and the Waterloo Economic Development Corporation.
- You are an Ontario based (incorporated) start-up or SME (under 500 employees).
- You have not received a previous received funding through the AVIN Waterloo Ventures program
- You currently use or have identified future opportunities to use mapping technology and data driven maps in products or services.
- Activities supported through this program include product development, sourcing first customers and solving real business needs.
- The funding is not eligible for use for marketing and/or sales activities.
Thanks to the Autonomous Vehicle Innovation Network (AVIN) for funding the Waterloo Regional Technology Development Site, delivered on behalf of the government of Ontario through Ontario Centres of Excellence.