$75,000 Fintech Grant to Be Awarded at Startupfest 2025
The upcoming Startupfest 2025 in Montreal presents an exciting opportunity for fintech startups, sponsored by the founders of Canada Fintech. This year’s event is set to showcase innovation and growth in the fintech sector.
What Is the Fintech Grant?
The Fintech Grant offers a non-dilutive cash prize of $75,000, funded by the Digital Commerce Group and Apaylo. This significant funding is aimed at propelling a promising fintech startup into the next phase of its growth journey.
Beyond Just Funding
In addition to the monetary prize, the grant provides invaluable exposure to investors, industry leaders, and the broader fintech ecosystem. This initiative is designed to accelerate the growth of Canadian fintechs, amplifying their narratives and fostering critical strategic connections.
Eligibility Criteria
To qualify for the Fintech Grant, startups must be private companies incorporated in Canada, at the seed stage (pre-Series A), with a minimum viable product (MVP). They should demonstrate market traction and have a clear path to revenue. Furthermore, founding teams must exhibit expertise in their field and an ability to scale.
Application Process
Applications for the Fintech Grant will close on June 13, with ten finalists preselected by June 27. A limited number of wildcard entries will also be chosen on-site during Startupfest, providing additional opportunities for startups to participate.
Final Presentations
The selected finalists will present their startups on July 9 within the Startupfest village. Each startup will have five to six minutes to pitch, followed by four minutes for questions and answers. The top five will advance to final deliberations on July 10, with the winner revealed during the festival’s closing ceremony on July 11.
Investment Opportunities
While Startupfest does not guarantee investment for participants, history shows a promising trend: over 95% of investment prizes from previous Startupfests—30 in total—were successfully closed. This demonstrates the event’s robust potential for fostering startup growth and investment.
Join the Excitement at Startupfest
Participation in the Fintech Grant requires a Startupfest ticket. Organizers encourage interested candidates to apply early and reach out with any questions regarding eligibility or ticketing. For emerging leaders in Canadian fintech, the Fintech Grant not only offers funding but also serves as a vital growth platform.