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AllVenture CapitalOpen
Nventure Business Development Corporation
thriveFORWARD
Amount
Varies
Deadline
Rolling
Odds
~5 per round (Round 2)
Effort
1–2 hours
Can you get this?
✓Early-stage venture-track technology startups only
✓Must operate in southern Ontario
✓$50K convertible note; application deadline passed
✓Two years of financial statements required
Your real odds
Round 1 spread $10 million across 179 companies, but Round 2 narrowed to just five winners in AI and Cleantech.
The shift from 179 to 5 represents a dramatic tightening of selection, and the Round 2 cohort was drawn entirely from AI and Cleantech, so sector fit appears to be a real filter here.
What it takes
Confirm eligibility by reading the thriveFORWARD application guide on Nventure's site1–2 hours
Gather required documents: incorporation papers, two years of financials, cap table, milestone plan, and founder bios1–2 weeks
Submit application during the open call period2–4 hours
Worth knowing
If you are outside AI or Cleantech, the July 2025 cohort gives you a clear signal that the program has moved toward concentrated sector bets, and you should weigh that before spending time on an application.
What else do you qualify for?
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