RADIUS is excited to announce the Slingshot Investment Fund – making RADIUS the only social accelerator in Canada to offer direct equity investments in every venture that successfully completes the Slingshot Accelerator program.
The investment pool will act as a new source of pre-seed capital for entrepreneurs, helping to kick-start their fundraising efforts while complementing the Slingshot Accelerator Program‘s capacity building and network development offerings.
ENHANCING VENTURE OUTCOMES
RADIUS’ Slingshot Accelerator Program helps early stage ventures become investment ready and market ready. Early investment has been demonstrated to increase the probability of positive venture outcomes such as securing additional funding and kickstarting revenue and job growth.
Slingshot ventures will spend six months developing their investor packages, connecting with local angel and venture capital investors, and getting ready to operationalize their growth plans. At the end of the program’s second month, ventures that show traction and progress will receive a equity investment of $25,000; in the rare instance where this is not the case, a mutual agreement will be reached for the path forward.
THE INVESTMENT MODEL
SFU will invest $25,000 in exchange for a 2% equity stake and a royalty on gross revenue. This royalty will be capped at $50,000 (2x the original investment).
There are no other fees associated with participating in the Slingshot Accelerator Program.