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Stream 2-2: IP Strategy

Strategy – Costs for legal support

If you’re ready to apply for legal support and further develop your IP strategy, this is the right stream for you. Apply to receive up to $25,000 to cover the costs of working with a legal service provider.

Co-investment is 25%, or 10% for startups that are majority-Indigenous owned. The final approval will be based on the quote provided.

Eligibility

All startups that meet basic eligibility requirements are eligible to register or apply.

We also will check that you have either

  • Completed an educational offering from Stream 1,
  • Are an existing client of a Partner or Collaborator, or
  • Are deemed eligible via the initial IP assessment on the program platform.

Eligible activities include (but are not limited to):

  • Analysis of IP landscaping
  • Common contracts and Document Templates ie: employment agreements, contractor agreements, IP assignment or transfer agreements or NDAs
  • Freedom to operate or infringement searches
  • IP audits, budget review, competitive analysis, strategy, portfolio valuation
  • Legal contractual analysis, ie: commercialization of IP opportunities
  • Out-licensing strategy development
  • Patentability analysis
  • Prior art search
  • Trademark and branding strategies and clearance searches

How to apply

To apply, register on the application portal, answer some IP assessment questions, and let us know if you’re already working with a mentor or accelerator organization.

You’ll also need to agree to provide a quote from a legal service provider.

(Quotes should be provided free of charge. Please contact us if this is not the case).

Note: If we feel your company may not be ready, we may ask you to complete some education or mentorship and reapply.

Applications are closed and will reopen after April 2025.
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Stream 2 FAQ

How do I find a legal service provider?

We have a list of lawyers registered with the program. You can either apply with your current lawyer and have them submit to be registered, or you can choose from the list.

I want to apply for a service not listed as eligible, what do I do?

You may apply under “other services” when submitting your application, however, it may not be approved.

My lawyer is going to charge me for a quote, will the program cover that?

We do not cover costs for quotes – most lawyers will provide a basic quote free of charge.

I already paid a lawyer for strategy support, can I apply for this program retroactively?

The program is unable to reimburse startups for services paid. You may apply retroactively only for unpaid services, back to April 1, 2023.

Can I apply to Stream 2-2 and Stream 3 more than once?

Yes, if you haven’t maxed out funding.

Do you accept retroactive applications for Stream 2 & 3?

We do, if the invoices have not yet been paid. We cannot reimburse startups for invoices, the program can only pay service providers directly.

My application wasn’t successful. Can I reapply?

If your application was unsuccessful, we will give you guidance for next steps. That may include completing more education or strategy work prior to reapplying for the same stream.

For any other questions you might have about the program contact us at: accelerateip@newventuresbc.com