‘ignite100’ funding competition to support business expansion in Peterborough – Peterborough

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A brand new innovation problem program goals to present Peterborough-area companies funding alternatives to develop or broaden their companies.

This system was launched Thursday.

Entitled “ignite100,” the competitors, created and hosted by Group Futures Peterborough, is open to any group inside the metropolis and county of Peterborough that has been in enterprise for greater than two years, or any enterprise prepared to relocate to the area.

 Watch: Group Futures Peterborough discusses “ignite100” 

“This program is about giving space companies one other avenue to achieve a aggressive benefit,” stated Peter Gaffney, chairman of Group Futures Peterborough. “We wished to develop one thing particular for our group and permit as many companies as attainable [to] take part within the competitors.”

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Those that enter ignite100 are competing for a three-year, interest-free mortgage, with no funds for the primary 12 months. They can even have entry to as much as $1 million as a repayable mortgage(s) or fairness place by way of Group Futures Peterborough partnerships.

“The Higher Peterborough group has performed a tremendous job supporting our youth and startups, and Group Futures Peterborough is a significant companion of each the Bear’s Lair and Win this Area applications,” stated Gail Moorhouse, CFP government director.

“We imagine that now could be the time to concentrate on enterprise enlargement and supply a chance for entrepreneurs to catapult their enterprise ahead,” Moorhouse added. “ignite100 is the catalyst to do exactly that.”

The ignite100 web site opened for purposes on Thursday and purposes will likely be accepted till March 15.

The winner will likely be introduced on the Group Futures Peterborough annual AGM and group BBQ on June 26.

© 2019 World Information, a division of Corus Leisure Inc.

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