Montreal-based Fundica, creators of the 10-city, 2014 Funding Roadshow that began today in Toronto, is teaming up with crowdfunding platform FundRazr to offer two Canadian startups outside of Quebec some healthy perks. (Sorry Montreal!).
The two organizations announced that The Fundees Crowdfunding Competition, powered by FundRazr, will be unveiled at the Toronto and Guelph Funding Roadshow events happening today and Friday.
“Crowdfunding is a proven and powerful new way for entrepreneurs to build community, get market feedback and raise alternative financing,” said FundRazr CEO Daryl Hatton. “We are pleased to launch The Fundees competition to celebrate more entrepreneurs raising capital as funders and backers conveniently access the campaign stories and perks online.”
The Grand Prize includes: a Future Equity Crowdfunding campaign on the FundRazr platform with all “regular” FundRazr fees waived), a Startup Marketing package courtesy of CrowdClan (valued at $2500), a Winner Promotional package, including profile video, courtesy FundRazr (valued at $2,500). Competitors obviously keep the funds raised during the campaign as well.
All eligible competitors that launch campaigns will also qualify for two great incentives: CANARIE is offering one year of DAIR cloud infrastructure services worth more than $2,000. DAIR provides entrepreneurs with high performance, made-in-Canada cloud resources for development, testing and demonstration of new products and services utilizing advanced computing and network technologies.
Competitors will also be eligible to receive an exclusive invitation to Canada’s first Equity Crowdfunding cohort, courtesy of FundRazr. The cohort will be among the first startups to have the opportunity to raise capital under the new Canadian crowdfunding exemptions. The will receive beta access, coaching, event and networking opportunities.
One winner in each participating city will receive $10,000 in prizes, airfare to San Francisco and the opportunity to pitch to VCs in California. They’ll also receive cloud infrastructure services package (courtesy of CANARIE) valued at $6,000 and a $4,000 value R&D tax credit financing solution (courtesy of R&D Capital).