Prize for Competition
Rather than being awarded a "cash prize," the top three entrants are competing for a 3 year interest-free loan with no payments in the first year.
- $100 000 in a repayable loan with no interest for three years
- No payment in the first year, repayment term and amortization to be negotiated
- Interest rate is prime plus 2%
- Interest for 36 months will be paid by Community Futures Peterborough
Access of up to $1 000 000 (amount correct?) as a repayable loan(s) or equity position through our partnerships.
NEW: Top 8 semifinalists for ignite100 will have first access to the funds available through our Innovation Contribution Program.
NOTE: Community Futures Peterborough is required to charge a minimum rate of prime +2%, and will, therefore, buy down the interest to 0% for the first 36 months.
Cambium Inc!!!
First prize goes to Cambium Inc. with an innovative approach to moving dirt.
Excellent presentation by Chris Beetham!
They received a $100,000 interest-free loan (interest paid by Community Futures Peterborough) and one year no payments.
Also a recipient of RIIEO non-repayable contribution of $50,000 over 2 years.
Other Finalists of 2019
Cottage Toys
Goodwin Metals
Goodwin Metals
Community Futures Peterborough is supporting their business expansion with a loan at a reduced rate.
They are also a recipient of RIIEO non-repayable contribution of $25,000.
Goodwin Metals
Goodwin Metals
Goodwin Metals
Community Futures Peterborough is supporting their business expansion with a loan at a reduced rate.
They are also a recipient of RIIEO non-repayable contribution of $25,000.
