How does it work?
“Anchor” clients are those clients that give you credibility in a marketplace, and become trusted partners to define your product offering. Developing those first anchor clients can require extra resources, and we want to help.
The Innovation Factory is offering a limited number of grants of up to $5,000, to reimburse costs for those extra resources needed to close that deal. This funding comes from a Youth grant, so successful applicants must have at least one co-founder with equity, who is under 30 years of age before March 30, 2016.
Eligible costs include:
- Travel for Key Client Meetings
- Waived Service Fees for a Client Implementation
- Hardware/Software Development
- Trade Show Participation
- Presentation and Marketing Materials
Criteria: MUST have a product in market, or intend to use this anchor client as entry into market. MUST be an existing client of the Innovation Factory. Revenue MUST not have exceeded $100,000, and investment received MUST not have exceeded $150,000.
The application should be limited to a maximum of 2 pages, and must include company info (name, address, year incorporated, number of co-founders, confirmation of Youth co-founder), your product/service, target market, and current status. You must identify the client you are targeting, and the current relationship with said client. You must also include a simple outline, highlighting the use of finds and expected use date. **Funds must be used by Mar 1, 2016.
Applications will be accepted until February 10, 2016, and will be reviewed by a panel of external reviewers. Accepted candidates will be notified no later than February 16, 2016.
Please forward your completed application to [email protected] no later than 5pm on February 10, 2016, with the subject line “Your Company Name – Anchor Client Fund Application”.