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  • NORTH FORGE SMARTPARK

    WINNIPEG

    President: Teresa Dukes

    441 – 100 Innovation Drive
    Winnipeg, Manitoba R3T 6G2• P: 204-262-6400

  • North Forge | East

    PINAWA

    President: Shane Li

    24 Aberdeen Avenue
    Pinawa, Manitoba R0E 1L0 • P: 204-262-6400

  • Fabrication Lab

    WINNIPEG

    Vice-President: Marney Stapley

    3rd Floor, 125 Adelaide Street
    Winnipeg, Manitoba R3A 0W4 • P: 204-799-2033

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North Forge Startup Program Gets a Refresh

Research shows that networks of interconnected businesses, also known as incubators, report an 18 percent increase in revenue and employment – a rate that is higher than non-clustered small businesses.

The North Forge Startup Program has seen many entrepreneurs walk through their doors and leave with a successful startup on their hands. Although the program has had many success stories, North Forge continues to improve its program, adapting to an ever-changing market and new provincial mandates.  

“To meet our next set of goals and our new provincial mandate (as an economic strategic partner) we needed to rethink how we could deliver the same or better quality at a provincial scale in a manner that worked for Manitobans,” says Teresa Dukes, President of North Forge.

The revamped Startup Program incorporates market-first best practices, combined with regional wisdom and international experience. The four-stage startup program supports and guides entrepreneurs as they formulate their ideas, develop their products and services, launch their business and grow their companies.

Companies interested in the new Startup Program can complete an application online. From there, the startup director will meet with the company within five business days to assess coachability and fit to determine the most suitable program. Companies will then be streamed into one of four programs;

Validate

If you’re an entrepreneur with an idea, you need to gain an in-depth understanding of the opportunity, the market and critical supports before investing money. This stage features entrepreneurship essentials, validation cycle, communications tools, peer-to-peer events, workshops, market intelligence and grant application support. The primary outcome is confirmed market traction.

Build

This stage includes everything from the first stage as well as access to the UX, Advanced ICT and Fabrication labs. At the end of this stage, you will have a minimal viable product and early customer interest or sales.

Grow

If you are a startup who has already confirmed product/market fit and you’re ready to develop your idea into a minimal viable product, this is the stage for you. This three-month stage will help you gain a clearer idea of the funding sources that are available and will help you fine-tune your financial plan. The outcome of this stage is customer growth and an investment-ready product/service.

Accelerate

If you’re a startup with a rapidly growing customer base and revenue, the Accelerate stage is for you. During this stage, you will meet your mentor council who will help you realize scalable growth, connect you to investment and help you access an accelerator if that’s the right path for your business.

Although the new Startup Program is focused on high growth and investment businesses, there are also variances of the program that support bootstrap/lifestyle businesses, social entrepreneurship, rural programming and inventors.  

“Entrepreneurs told us, they want help with building their company better, faster and cheaper than if they were to do it on their own,” says Dukes. “They guided us in the design of the new program, one which we can customize based on the needs of the entrepreneur and their company objectives.”

Learn more about the North Forge Startup Program here

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MNP LLP

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Business Development Bank of Canada

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Deloitte

Get forward-thinking business advice. With over 150 years of experience, Deloitte is one of the leading professional services firms in Canada.

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RBC

Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 36 other countries.

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For more than 85 years, Princess Auto has been supplying trade professionals, home mechanics or people who simply love building things with the tools and equipment they need to figure it out – whatever that “it” may be. With a unique assortment of tools, equipment and products, ranging from hydraulics to welding, Princess Auto complements the home improvement sector rather than competing with it.

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Stu Clark Centre for Entreprenuership

The Stu Clark Centre for Entrepreneurship (SCCE) is here to support entrepreneurial activities across the entire University of Manitoba campus. In addition to supporting students at the I.H. Asper School of Business we also support students from ALL faculties across the University of Manitoba – Fort Garry and Bannatyne Campus including: Faculty of Engineering, Faculty of Agriculture and Food Sciences, Faculty of Science, Faculty of Medicine, Faculty of Education and more!

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