Frequently asked questions

Nope!

Nope! But all participants must be 19+.

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

Nope! We accept participants from around the world.

Our program typically runs from April to July.

If you take a peek at our alumni page,(javascript:void(0)) 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.

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

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 laboratory 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.

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

The financial support to participant companies varies each year and is dependent on the overall participation and engagement in the program (assessed by the instructors and committee) as well as external funds availability.

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

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.

No. Only company founders may participate.

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.

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.

Mid-March.

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.

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.

Yes. The Summer Institute will allow you to claim credit for TME 3913: Experiential Learning - Technology Management and Entrepreneurship.(http://www.unb.ca/academics/calendar/undergraduate/current/frederictoncourses/tme/tme-3913.html) 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.

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.

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 (http://www.unb.ca/fredericton/engineering/depts/tme/)to chat about their events and programs.

Applications are always open. The selection process typically happens about 6 to 4 weeks prior to the start of the program.