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Spark Cape Breton Launched

With the provincewide I-3 tech startup competition already in full swing, a new competition is being launched solely for startups in Cape Breton and the Mulgrave area.

Enterprise Cape Breton Corp., the Economic and Rural Development and Tourism Department and Innovacorp are jointly organizing the Spark Cape Breton competition. They launched the event Thursday night at TecSocial, the monthly get-together for the tech community on the Island.

The competition will target true early stage startups, meaning those that have yet to book any revenues. With an eight-member judging panel assessing the submissions, Spark Cape Breton will offer four awards of up to $50,000 each and mentoring from seasoned entrepreneurs. The size of the award, which is to be used to develop a prototype or take a product to market, will depend on the company’s needs and the judges’ evaluation.

“Many startup companies evolve and grow to create jobs and make important contributions to their communities,” said Michel Samson, the economic and rural development and tourism minister, in a statement announcing the contest.