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ONB Seed and Series A Funding Policies

  1. ONB Seed Funding Policy
  2. ONB Series A Funding Policy
  3. Approved Partners

1. ONB Seed Funding Policy

The ONB Seed Funding Policy is intended to assist early-stage companies that exhibit potential to create employment and contribute to the province’s long-term economic growth. The policy will allow ONB to make “sidecar” investments in conjunction with Approved Partners.

To qualify, a company must:

For an eligible company, ONB may, at its sole discretion and upon invitation from an Approved Partner, match an Approved Partner’s investment in that company under the following conditions:

The Seed Funding Policy may make additional follow-on investments with a company but it will do so only on the invitation of the Approved Partners that participated with ONB’s original investment. Additional investments are bound by the conditions stated above.

ONB’s investment will be under the identical terms and conditions as those of the Approved Partner.

2. ONB Series A Funding Policy

The ONB Series A Funding Policy is intended for investment in new and young companies pursuing growth opportunities generating or about to generate revenues, that exhibit potential to create employment and contribute to New Brunswick’s long-term economic growth. The policy will allow ONB to make “sidecar” investments in conjunction with Approved Partners.

To qualify, a company must:

For an eligible company, ONB may, at its sole discretion and upon invitation from an Approved Partner, match an Approved Partner’s investment in that company under the following conditions:

The Series A Funding Policy may make additional follow-on investments with a company but it will do so only on the invitation of the Approved Partners that participated with ONB’s original investment. Additional investments are bound by the conditions stated above.

ONB’s investment will be under the identical terms and conditions as those of the Approved Partner.

3. Approved Partners

Potential partners are encouraged to contact ONB in order to be evaluated and added to the list of Approved Partners. The general criteria to be accepted as an Approved Partner are:

  1. The ability and willingness to add value to the relationship as an advisor to or an active participant with the early stage start-up with respect to management, business development or technical activities.
  2. The fit of the proposed Approved Partner and its fund with the needs of the province’s entrepreneurial ecosystem.
  3. The fund’s or accredited investor’s investing objectives and its viability and liquidity.
  4. The track record of both the fund and the team managing the fund.

The following institutions are Approved Partners as of date of announcement, 2017:

To get started with either the Seed or Series A funding policies, please contact one of the Approved Partners listed above.

For more information about growing your business, contact our Business Development Executives today.

Coady Cameron

CEO, TotalPave

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