The Imagination Catalyst Fund

Established in 2014 with the support of Relay Ventures, the Imagination Catalyst (IC) Fund offers seed funding for early stage, pre-revenue technology companies. It is exclusively for companies participating in the IC business incubator.

Investments are not sector or business-model specific. However, we focus on supporting high-potential makers and design-driven technology startups that have the potential to scale up and create jobs. We invest in entrepreneurs who we believe are winners and who need traction in order to earn more substantial financing.

Fund objectives

The IC Fund supports the following activities:

  • Prototyping
  • Protecting intellectual property
  • Validating market demand
  • Financing initial production
  • Launching go-to-market tests
  • Hiring critical talent
  • Matching funds offered by government programs (e.g., OCE SmartStart)

Our investments

  • Maximum $50,000 per company.
  • Only one seed investment is made in each company (no follow-on investments).
  • We do not take equity. Instead, we offer convertible debentures (i.e., debt that can convert into equity – ownership – of a company at a predetermined date or event).

Selection

Our investment committee meets quarterly: twice each year for entrepreneur pitches and twice each year for portfolio meetings.

Investments to date