Invest Nova Scotia — Incubation ### 📋 Eligible Entities - Early-stage companies in technology-focused sectors - Startups with innovative business models (typically pre-revenue or early revenue stage) - Technology entrepreneurs and founding teams - Companies operating within or willing to relocate to Nova Scotia - Entities focused on commercializing technology innovations - Note: Specific legal structure requirements (corporation vs. sole proprietor eligibility) should be confirmed with Invest Nova Scotia, as this brief focuses on sector-based eligibility ### 💰 Funding Details - Incubation support typically includes access to shared facilities, mentorship, and business development resources rather than direct cash grants - Potential co-investment opportunities through venture capital connections facilitated by the program - Non-dilutive funding may be available through complementary Nova Scotia programs - Matching requirements: Specific matching ratios not detailed in provided description; confirm directly with program administrators - Repayability: Incubation programs are typically non-repayable support; however, any associated investment components would depend on specific terms ### 🛠️ Approved Expenses - Technology development and R&D activities - Product commercialization and market readiness - Facility access and workspace within incubation centers - Business development and go-to-market strategy - Mentorship and advisory services (typically included) - Sector-specific focus areas: - Life Sciences innovation and research - Ocean Technologies development - Clean Technology solutions - Regulatory compliance and certification for technology products ### ⚠️ Conditions & Milestones - Sector requirement: Primary focus on Life Sciences, Ocean Technologies, or Clean Technology sectors - Location requirement: Must be based in or commit to operating in Nova Scotia - Innovation threshold: Company must demonstrate genuine technological innovation or novel commercialization approach - Milestone-based progression: Typical incubation programs require demonstrated progress in product development, market validation, or revenue generation - Term limitation: Incubation support typically spans 1–3 years; participants must graduate or transition