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.
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.
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.
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.
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.
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