Question 1

Do you take equity?

Accepted Answer

Nope!

Question 2

Is there an age limit?

Accepted Answer

Nope! But all participants must be 19+.

Question 3

Do I need a post-secondary degree to apply?

Accepted Answer

Nope! We accept entrepreneurs of all backgrounds. No formal education is required.

Question 4

Do I need to be a Canadian citizen to apply?

Accepted Answer

Nope! We accept participants from around the world.

Question 5

When is the program?

Accepted Answer

Our program will run from April 29th - July 19th, 2019.

Question 6

What kinds of businesses do you accept?

Accepted Answer

If you take a peek at our alumni page, you'll see that we accept businesses from many industries. As long as you have a creative business or innovative product/service idea, we'll consider your application.

Question 7

Does my business need to be operational before applying?

Accepted Answer

It is recommended, but not required. Past participants have opened their businesses on Day 1 of the program.

Question 8

What kind of facilities are available?

Accepted Answer

We have a co-working space for teams to collaborate and hold meetings. Fortunately, being connected with the University of New Brunswick, we can also access top-notch equipment and labratory space. Any facilities not immediately available, our team will try to arrange access too. However, please talk to us about your needs during the application process so we can prepare solutions for you before the program begins.

Question 9

How much do I need to pay to participate?

Accepted Answer

Nothing. If you are accepted, the program is free.

Question 10

How much is the scholarship?

Accepted Answer

Each founder receives a fulltime minimum wage stipend ($11.25/hr) during the program. With tax reductions, this works out to be a scholarship of approximately $5300. Obviously minimum wage is not going to be profitable (that's what your business is for) - it's just to help cover the necessities.

Question 11

Are there funds available to help develop my product?

Accepted Answer

Yes, each venture has access to a $2,000 grant for prototyping.

Question 12

I'm applying as a single founder. Can I get accepted, or do you look for teams?"

Accepted Answer

Teams are recommended given the demands of the program. However, when reviewing applications, we treat single founders and teams equally. We trust that you know how you'll work best. If you want to build the business by yourself, we'll do our best to support you every step of the way.

Question 13

Can I send an employee on behalf of my company?

Accepted Answer

No. Only company founders may participate.

Question 14

Is there a maximum number of team members who can apply?​

Accepted Answer

We can only provide funding for three founders per business. If you have a larger group, talk to us about your situation. Although we may not be able to fund each team member, we can likely negotiate access to education and mentorship for all.

Question 15

What does a regular week look like?

Accepted Answer

There are normally three program days each week that run from 8:45 to 5. Program days can be anything from skills workshops to one-on-one time with residents and mentors. Program days are held Monday through Friday.

Question 16

When will I know if I'm accepted?

Accepted Answer

Mid-March.

Question 17

I'm coming from outside Fredericton. Where will I live?​

Accepted Answer

Our team will help you find living arrangements for the duration of your stay. Your scholarship will help cover the costs. Reduced rates are available for those interested in staying in a UNB residence.

Question 18

Can I do this while working another job?

Accepted Answer

Probably not, but talk to us about your situation if you think it's a good idea. In any case, we'll need everyone to be 100% committed to our scheduled program days.

Question 19

I'm a student. Can I get course credit for this?

Accepted Answer

Yes. The Summer Institute will allow you to claim credit for TME 3913: Experiential Learning - Technology Management and Entrepreneurship. If you wish to receive course credit, you must register for TME 3913 as a University of New Brunswick student and pay the associated course fees. There is no charge to participate in the Summer Institute, but we cannot award course credit to unregistered students.

Question 20

Is my company "too far along" to apply?"

Accepted Answer

Definitely not. We want to work with great people who are crafting impactful ventures (no matter the stage). Our team will work with you to develop a personalized plan and ensure you get the most out of the program.

Question 21

I want to apply but I don't have a team or an idea. Will you pair me with someone?

Accepted Answer

We do not offer this service. However, there are plenty of community events and classes offered at the University of New Brunswick where you can find likeminded people and great ideas. If you're interested, we recommend you head to the J Herbert Smith Centre for Technology Management & Entrepreneurship to chat about their events and programs.

Question 22

When are applications open?

Accepted Answer

Applications are always open. However, for our 2019 season you must apply by February 15th.