The Forge@Mac Student Startup Competition will take place on March 22, 2018 this year and awards McMaster student entrepreneurs with $100,000 in cash prizes and automatic entry into one of The Forge’s incubator and Summer Accelerator program.
Any current McMaster student or alumni who graduated after March 22, 2017 are eligible to apply. If you have an idea, a targeted audience and potential solution, don’t delay and apply now for the chance to turn your startup dream into reality.
The top online applicants will compete in the semi-final and final rounds. During this process, applicants will receive feedback and pitch training from Forge advisers and mentors.
Forge@Mac $5K Fund
Do you think you have what it takes to be an entrepreneur? It is time to make that dream a reality by entering as an individual or a team into the Forge@Mac $5K Fund competition. All companies are eligible to apply, there are no specific areas of expertise required.
If you are interested in earning co-op credit while you start your company, be sure to indicate so on your application form.
Winners will receive funding in stages after the completion of key milestones: completion of incorporation, completion of founders or shareholders agreement, and the successful completion of The Forge Summer Accelerator program.
Finals Format: 5 minute pitch
So you have a prototype, you have tested it with customers, and maybe even made your first few sales. Clearly the market wants what you’ve built, now it is time to ramp up your business with $25K!
Winners will receive funding in stages after the completion of key milestones: completion of incorporation, completion of founders or shareholders agreement, and confirmation of strategic milestones by their Forge Advisory Board.
Finals Format: 10 minute pitch
Applications open January 2nd, 2018.
Applications close January 28th, 2018.
What do I need to apply?
All you need to apply is a problem you’d like to solve, a target demographic that would benefit from your proposed problem being solved, and a potential solution. You will also need your McMaster student ID!
Check out the application form once it is available. In the mean-time, checkout the Lean Business Model Canvas to kick-start your idea and do not hesitate to reach out to The Forge if you have any questions.
I’m a recent grad. Am I eligible to apply?
We are happy to announce that this year we are accepting alumni who graduated after March 22nd, 2017!
Do I need a prototype to apply?
No, you do not need a prototype to apply to the $5K competition, but it would be great if you did!
For the $25K competition, you are expected to have demonstrated a degree of product-market fit. This means you have demonstrated that customers are excited about your product through customer interviews with a prototype or by making your first sales.
If I applied last year, can I apply again?
Yes, as long as you didn’t win a prize at previous Forge@Mac Startup Competitions!
What are my odds of winning?
Your odds of winning are infinitely higher by just submitting an online application! As a wise fictional character once said, “Do. Or do not. There is no try”.