Startup applications for Western Angels' Demo Day, and its prequel, Amplify, close on October 29, 2021, at 12:00 p.m. (EST).
Are you a Western founder looking for investors or partners to take your business to the next stage? Then apply to take part in our next Western Angels' Demo Day, and its prequel, Amplify!
This investor event is a celebration of entrepreneurship that aims to bring together budding start-ups, experienced entrepreneurs, and our community of investors. Since the launch of our investor event, we have helped several Western entrepreneurs secure a combined total of over $4 million in private investment. Don't miss out on your opportunity to practice your pitch, win some funding, and get connected to our investment community.
Western Angels' Demo Day: Competition Breakdown (2 Rounds)
Round 1: Amplify
Qualifying Round / Pitch Competition - $12,500 in prizes.
Amplify is the first qualifying round for Western Angels' Demo Day. Western-founded ventures interested in participating in Western Angel's Demo Day must first apply and be vetted through this entrepreneurship pitch competition.
Amplify aims to reward and help prepare investor-ready Western ventures. 20 teams will be accepted into this competition.
Amplify is a closed event that will take place on November 12, 2021. Each participating venture will be allotted a 10-minute pitch comprised of a 5-minute presentation followed by 5-minutes of questions from our panel of judges. However, the public will be allowed to vote for your startup to win our People's Choice Award between November 2 to 10, 2021. The video you submit in your Amplify application will be used to promote your business to the public for the People’s Choice Award.
Prizes* in Amplify:
- Best Overall Pitch: $3000 CAD
- Best Financial Model: $2000 CAD
- Best Growth Potential: $2500 CAD
- Market Disruptor: $2500 CAD
- People’s Choice Award: $2500 CAD
- *Prize descriptions in our Frequently Asked Questions section below.
Teams to be selected to present in Western Angels' Demo Day might not be the same as the Amplify prize winners. The top five teams that showcase the most investment promise from Amplify will be given the opportunity to pitch their funding asks to our investors at the Western Angels' Demo Day on December 3, 2021.
Round 2: Western Angel's Demo Day
Investment Connection Event - Asks typically range between $50,000 - $6 Million+
Our next (and final) round will focus not on prize money or ranking but real-world investments. The Western Angels' Demo Day (WADD) is scheduled to begin at 11:00 a.m. (EST) on Friday, December 3, 2021. This Round aims to help founders looking for seed funding/round 1 investment.
Five teams will be selected to showcase their business idea via a five-minute pitch to an investor group for a chance to gain seed funding for their new business ventures.
Western Angel's Demo Day is an open event that will take place virtually through Zoom on December 3, 2021, starting at 11 a.m. (EST).
Each participating venture will be allotted a 10-minute to publicly pitch their venture. The pitch is comprised of a 5-minute presentation followed by 5-minutes of questions from investors. After all 5 teams have pitched and presented their ventures, we will open up five breakout rooms, where investors can choose which startups they want to network with further and make connections.
Angel Investment Opportunity:
During this event, startups can curate their investment asks based on their needs. Last year, this event helped Western founders secure over $4 million in private investments. Asks ranged from $50,000 - $ 6 Million.
Frequently Asked Questions
Western’s entrepreneurship community: At least one founder is a current full-time Western student, faculty, staff or alumni from a full-time program. Open to all faculties and sectors across Western.
Entrants are expected to present their pitch to the judging panelists in Amplify (Round 1) on November 12 and successful teams will progress to present in Western Angel's Demo Day (Round 2) on December 3, 2021.
Important Event Dates:
- October 29: Applications close for Amplify / Western Angels' Demo Day*
In order to be considered for Amplify / Western Angel's Demo Day, your teaser video and pitch deck should be submitted on GUST before 12:00 pm (EST) on October 29, 2021. Applications received after this time will not be considered.
- November 1: 20 teams selected to move forward into Amplify.
- November 2-11: Competition preparation with an advisor.
The teams selected to compete in Amplify will be given a connection to one of our entrepreneurship advisors. Teams are encouraged to work with their advisor to help them perfect their pitch and investment asks.
- November 12: Amplify Pitch Competition (Closed Event)
- November 15: Amplify winners announced and teams selected to move forward to Western Angels' Demo Day.
- November 16 - December 2: Connection to an industry expert for venture pitch preparation.
Selected teams moving forward to Western Angel's Demo Day will also get pro-bono consulting from an industry mentor to ensure they have the perfect advice to accelerate their venture into the future.
- December 3: Western Angels' Demo Day
Held virtual from 11:00 a.m. - 1:00 p.m. (EST).
Applications for the next Western Angels' Demo Day (December 3, 2021), and its prequel, Amplify, will open October 12, 2021.
Applications will close on Friday, October 29, 2021, at 12:00 p.m. (EST).
You must submit your application via Gust: https://gust.com/programs/amplify-pitch-competition-fall-2021
Questions about our application process can be sent to email@example.com.
Amplify Pitch Competition (November 12, 2021)
Will be hosted virtually. The judging event will be held over Zoom. This event is closed to the public.
Western Angels' Demo Day (December 3, 2021)
As social distancing and other restrictions are in place, this event will be virtually hosted over Zoom. This event is open to the public to attend on December 3, 2021, starting at 11:00 a.m. Register at: www.eventbrite.com/e/western-angels-demo-day-tickets-185031563387
Best Overall Pitch ($3,000 CAD)
Our Best Overall Pitch prize will be awarded to the startup that has the most impressive pitch. This includes passionate founder(s), positive early business traction, a strong understanding of financials and a well-designed pitch deck.
Best Financial Model ($2,000 CAD)
Our Best Financial Growth prize will be awarded to the startup that does the best job in forecasting financial model scenarios that can build an economically viable business.
Best Growth Potential ($2,500 CAD)
Our Best Growth Potential prize will be awarded to the startup that demonstrates the capability of building a scalable business model and the potential to grow across domestic and/or international markets.
Market Disruptor ($2,500 CAD)
Our Market Disruptor prize will be awarded to the startup that has developed an innovative approach and/or product that can change how their industry operates. True market disruptors see solutions where others see problems. They think differently, pursue unconventional paths, and create a way forward that’s likely uncharted in their industry.
People’s Choice Award ($2,500 CAD)
Our People's Choice Award will be granted to the startup that receives the most votes from the general public between November 2 to 10, 2021. The 2-minute video you submit in your Amplify application will be used to promote your businesses to the public for the People's Choice Award between November 2 to 10, 2021.
At both Amplify and Western Angels' Demo Day, a panel of judges/investors will be looking for startups that are investment-ready at a pre-seed or early stage. The scoring will be a weighted average of:
- Problem Identification / Opportunity: A clearly articulated and compelling value proposition
- Viability: Clear knowledge of the market and evidence of demand for the solution Growth potential: Sustainable and scalable business model
- Innovation: Intellectual property and/or strong competitive differentiation
- Talent: A strong team Communication skills: An effective and persuasive overall pitch presentation
Companies that are not yet incorporated may apply, however, incorporation is required in order to receive angel investment or venture capital funding in Round 2.
Since each business varies with its need, progress and industry, one pitch deck solution will not fit all.
We encourage you to book a free coaching meeting with one of our Business Advisors to review your pitch deck or application. You can book your meeting here: https://entrepreneurship.uwo.ca/services/coaching/
Note: We also have a ton of video resources available for you to review to begin crafting your pitch deck:
- Pitch Deck Basics
- Raising funds for Your Business
- What VCs Want
- VC and Angel Investment
- Fundraising Fundamentals
Questions? Email us!
Get in Touch!