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Dec-2015

The “Anchor” Client Fund

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The Anchor Client Fund

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.

Application Process

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”.

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