Costs and Financing
- What is the cost of the program?
There is no cost to participate in The Next Founders, which is delivered by The Next 36, a charity supported through the generosity of Canadian business leaders, entrepreneurs and government partners.
- Is financial support available for founders travelling from a distance?
Financial support to assist with transportation to Toronto for classes and in some instances accommodation is available for eligible founders travelling from more than 3 hours outside of Toronto. Financial need will be assessed on a case-by-case basis – to learn more, contact Annick at [email protected]
- Do you provide workspace for my ventures?
In many cases, The Next Founders is able to provide you with workspace in Toronto for the duration of the program through one of our community partners.
- Do you take equity in my venture?
No. The Next Founders takes no equity in your venture.
- How is the program structured?
The program runs from early May to mid-August and consists of 16 hours of required foundational courses tailored to your business, plus events and optional workshops. Classes are clustered so that required programming is scheduled over blocks of 1-2 days. The Next Founders charges no tuition and takes no equity in your venture.
- Is there any formalized mentorship provided?
While no formal mentorship is provided, you will have plenty of opportunities to build relationships with the business leaders, entrepreneurs and investors you meet at The Next Founders events. You will also be provided direct access to dozens of subject matter experts in areas ranging from branding to intellectual property to venture finance.
- Can I complete any of the academic components remotely?
No. These courses are not designed for remote participation. Direct contact with faculty, guest speakers and interaction with other participants is a key part of the program.
- Do I apply as an invidual or as a venture?
As an individual. We want your venture to succeed but our focus is on accelerating the entrepreneur. Multiple co-founders from the same venture may apply if they will benefit from the program and can add value. All applicants will be evaluated individually.
- I am an ambitious entrepreneur but I don't come from a science, technology, engineering or math (STEM) background. Am I eligible to apply?
Yes. You will have to demonstrate in your application that you are an entrepreneur with a high growth / high margin venture who will be a valuable addition to The Next Founders community.
- I already have a business degree. Am I eligible?
Yes. While The Next Founders is designed for those without formal business education, the right founder with a business degree will find the tailored curriculum invaluable.
- I am not a Canadian citizen. Am I eligible?
The program is open to Canadian citizens, permanent residents and those in the process of immigrating to Canada. If you are in the process of applying for Permanent Resident status, we will accept a notarized statement to this effect. If you intend to provide a notarized statement, please email Annick at [email protected] in advance of completing the first stage of the application.
- Are there any investment or revenue thresholds for my venture in order to be eligible?
No. All applicants will be assessed based on the potential of the applicant and his or her venture. In previous years, many of the participants had raised a significant seed round, crowdfunding campaign or were earning revenue.