Funding Structure

Funding Diagram

HYPERDRIVE has the following funding structure:

  • Initial funding of $40,000 for 6.4% equity and an optional $15,000 loan
  • After successful completion of the 3 month sprint, companies have the opportunity to be eligible for a $150,000 convertible note
  • $500,000 from a leading Canadian VC is potentially available if a HYPERDRIVE company meets the VC's criteria and investment philosophy.
  • Companies have continuous exposure to Canadian and US investors throughout the program.

Communications Panel

Chelsea Prescod
HYPERDRIVE Program Coordinator
Communitech

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