Emera ideaHUB: Bridge Residency Program
The Emera IDEA (Innovation in Design Engineering Architecture) Building is a new facility on the Dalhousie University Sexton Campus. The Emera ideaHUB space and programs are designed to support early stage startups with a focus on the commercialization of physical products and innovative technologies. The goal is to provide companies accepted into the Emera ideaHUB with a potential opportunity to accelerate product development and company growth through access to space, resources, and programming for between 12-24 months. Partnerships in the innovation ecosystem may also provide other opportunities to companies transitioning into the next stage of company growth, including partnerships with Volta, Innovacorp, COVE, and CDL-Atlantic. The Emera ideaHUB space is provided at no cost to the companies accepted to the program. Participants and teams do not give up any rights to intellectual property (IP) or company equity through participation in the program.
Applications are reviewed by Emera ideaHUB Administration as they are received. Short Listed applicants are invited to interview with the Emera ideaHUB Operations Committee.
The following criteria will be considered by ideaHUB management in determining eligibility for a Company to be admitted to the Program:
Dalhousie connection: The Emera ideaHUB prioritizes accepting ventures with a founder who is a Dalhousie University student, faculty, researcher, or recent alumni (previous five years); although other ventures may be accepted from time-to-time.
Founder commitment to the Company’s success. A company applying to the Emera ideaHUB Program must show the ability to dedicate an adequate amount of time to meet the goals that will be set out with them. Typically, this involves a plan to have at least one full-time staff member working on the company’s product and growth, as well as at least two employees (including founders). At least one company staff member must be a technical lead for the company’s product development.
Physical product development. The focus of the Emera ideaHUB is physical products emerging from science and engineering research, including areas such as clean energy and technology, advanced materials, food science, ocean technology, water resources, biomedical engineering, bioproducts, deep software, artificial intelligence, the internet-of-things, cybersecurity, as well as various other physical and cyber-physical products. While the priority is on companies that need the design, development, prototyping and manufacture support consistent with the resources available at the Emera ideaHUB, other companies may be accepted from time-to-time. Participation in the Emera ideaHUB does not guarantee access to all the technical equipment or expertise requested by your company. All equipment, services, programs, and research support are subject to availability and to Dalhousie’s policies, procedures, practices, and discretion.
Commitment to safety, integrity, and respect. When accepted to the Emera ideaHUB Program, each company is required to have each employee that will be present on Dalhousie facilities complete the Emera ideaHUB safety orientation and must adhere to the safe operating procedures of any equipment they will be using. Companies using practices deemed to be unsafe, ethically questionable, or environmentally unsound, or deemed to not be treating others in the community with respect may be suspended and/or removed from the Emera ideaHUB Program at the sole discretion of management.
Demonstrated desire to learn and actively participate in the Emera ideaHUB Program. As part of the company’s participation in the Emera ideaHUB Program, founders and/or employees will have the opportunity to attend various seminars, workshops, and events delivered as part of the Emera ideaHUB programming.
Commitment to Milestones and the Emera ideaHUB Program. Companies will be expected to meet with and keep staff of the Emera ideaHUB updated regularly, and to give update presentations to the Emera ideaHUB Operating Committee a few times each year. As part of this process milestone metrics will be set with each Company including consultative goals that will demonstrate company growth. Companies who are not continuing to show progress, or companies who make sufficient progress to graduate and move to other incubators and accelerators or into their own operation, may be requested to leave the program to make room for new ventures. Companies can be accepted for up to 12 months and may reapply for a second residency if needed.
Formal corporate structure. While not required at the time of application, companies will require the following if their application is successful before they are granted access:
a.) An incorporated business and company insurance in a manner deemed acceptable to Dalhousie. Note that in some cases teams will be accepted who have not yet incorporated and obtained the necessary insurance, but it will be expected that they will do so within a timeline agreed to by the staff of the Emera ideaHUB.
b.) A signed agreement regarding facility access and use as well as a code of conduct.
Commitment to collaboration in the Startup Community. As the business grows and develops, we expect companies to help others within the Emera ideaHUB if they run into some of the same roadblocks you have overcome. At the Emera ideaHUB, it’s all about helping Dalhousie’s startup community to become better.