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819-243-5551 info@institutig.ca

Business Prototype

What is prototyping?

The prototyping phase is the moment when everything comes together. Step by step, our coaches will assist you in structuring your business to sell your first prototype and secure your initial sales. Depending on the development process of your product or service, you will introduce your MVP (Minimum Viable Product) to your target market and enhance your solution.

What is the role of a prototype?

After validating your business model, the prototyping phase is designed to materialize your solution, experiment to find the optimal product development cycle, and structure your business to secure your initial sales. As you receive feedback from real buyers and users, you will genuinely enhance your solution.

Why create a prototype for your startup?

Creating a prototype is the key to the success of many startups, whether they sell products or services, as it serves as a proof of concept. Consequently, it’s an excellent way to secure funding to bring your idea to life and refine your design process. Through customer feedback, you’ll gain valuable and actionable insights to enhance your solution. It’s also an excellent means to efficiently structure your business and generate revenue from the initial sales of your solution.

Discovery Meeting

FAQ

Who can help me develop my solution?

Each startup is paired with a coach based on its needs, personality, and expertise. You will be able to connect with your coach twice a month for an hour to receive constructive feedback and strategic advice to guide your startup.

You will also have access to free consultations and services from some of our partners (such as legal services). Our professional service provider partners include:

Lawyers – Bryan Robinson Lawyers – $1,000 in service credits

Accountants – Raymond Chabot Grant Thornton – $400 in service credits

Intellectual Property – Stratford IP – $400 in service credits

UI-UX Design – BlackOrchidz – $400 in service credits

The program team will assist you in building your startup during monthly meetings and help you secure grants and loans for your business. Our team will also guide you through the critical startup path to help you build a strong startup.

How can I finance my startup in the prototype phase? 

Our team will help you find grants and loans to fund your startup during the prototyping phase. Whether it’s for R&D or support, we are connected to several institutions in Quebec and Canada to guide you through the process.

Our team can also assist you in your first investment round and connect you with potential investors from our network. We have several prototype financing options available:

 

  • Fi-Lancement – loan of $5,000
  • Créavenir – loan of $15,000 + $5,000 subvention + 1000 carte de crédit
  • Futurpreneur – loan of $20,000
  • Bons d’incubation – Grant of $40,000
  • Exclusive access to contacts from IRAP-NRC (Customized R&D-funded projects).
  • Primo Adoptant (up to $50K in grants)
  • Innovation Program (Grant of more than $30,000)
  • Startup funds from TDDC (up to $100,000) and many more…

Why should I create a prototype instead of my final product?

Creating a prototype allows you to adopt a lean approach and build a highly validated product for your niche. It is a way to construct, step by step, a sustainable solution.

Furthermore, creating a prototype enables you to use your funds efficiently in a growth context. It is a smart way to develop your startup without unnecessarily spending money.

Creating a startup seems to be an overwhelming task. How do I know what to focus my time on?

Founders naturally feel like they have a million things to do at once. That’s why we’ve developed the Critical Startup Path protocol, which enables founders to focus on one or two things they should strive to solve at each stage of the process..

Come build the future

Send us a message

Hours of operation

Monday to Friday 8AM to 4PM

 

Telephone  

819-243-5551

Address

455 Boulevard de la Gappe, Suite 201, Gatineau, Québec J8T 0G1

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