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.