Award Nominations

2019 Awards Process, Nominations, and Criteria

 

2019 Awards Nominations


 

NACO’s Canadian Angel of the Year Award

 

The NACO Canadian Angel of the Year Award, presented by BDC Capital, will be given to an experienced Angel investor who has made a significant contribution to the development of the Canadian Angel ecosystem over the last year.

The award seeks to identify the individual Angel investor who has most contributed to the growth and development of Angel investing in Canada through a combination of investment, mentorship and leadership within their local ecosystem.

 

Eligibility Criteria

The Canadian Angel of the Year nominee must meet the following criteria:

  • Be an experienced Angel investor
  • Be a NACO member in good standing
  • Be a Canadian citizen or permanent resident
  • Be active in raising the profile of Angel investing in Canada
  • Has invested in two or more Canadian companies over the last year
  • Has mentored entrepreneurs from two or more Canadian businesses that have shown demonstrable growth in revenue, employees or market share
  • Has played an active role in advancing the early-stage startup ecosystem locally/ regionally/ or nationally

 

Rules

  • To be considered for the award, all sections of the form must be completed and received by May 3rd, 2019 (11:59pm EST)
  • Nominee must be able to accept the award in person at the 2019 World Angel Investment Summit in Calgary, AB on June 5th-7th
  • Nominee must be nominated by another party
  • Nominee may be asked to make a speech at the summit and must be able to do so if asked

 

Awards, Recognition and Benefits

The recipient of NACO’s Canadian Angel of the Year Award will be recognized and honoured at NACO’s 2019 World Angel Investment Summit held from June 5th – 7th in Calgary, AB. The award will be presented by BDC Capital during the Gala Awards Ceremony the evening of June 6th.

 

Selection Process

Nominees will be evaluated by an independent panel of judges, made up of business and industry leaders from across Canada.

The nominees will be judged on their successful contribution to the development of the Angel ecosystem and as community builders and will be evaluated on the following criteria:

  • Mentorship of fellow Angels and entrepreneurs
  • Engagement within the local startup ecosystem
  • Recruitment of Angels to the community
  • Promotion of the Angel investing brand
  • Value and quantity of investments
  • Successful exits

 

Timelines

  • March 25th – Nominations open to all NACO individual and Angel group members
  • May 3rd – Nominations deadline
  • May 7th to May 11th – Submissions evaluated by a panel of judges
  • May 14th – Winner notified (recipient only)

 

Questions

For questions regarding the submission process and for additional information, please contact Nabel Bendago at nbendago@nacocanada.com

 



 

NACO’s Exit of the Year Award

 

The NACO Exit of the Year Award, 2019 is being presented by the Royal Bank of Canada (RBC), recognizes the most successful exit achieved by a Canadian startup that received financing by one of NACO’s member Angel groups.

The award seeks to recognize the partnership between an individual Angel investor and a founder that most contributed to the growth and eventual exit of the said startup through a combination of investment(s), mentorship and leadership.

 

Eligibility Criteria

The Angel investor nominated for this award must meet the following criteria:

  • Be an experienced Angel investor
  • Be a NACO member in good standing
  • Be a Canadian citizen or permanent resident
  • Has invested in said startup at least once
  • Has been an actively engaged Angel investor involved in mentoring and supporting the startup to its successful exit

The Canadian startup nominated for this award must meet the following criteria:

  • Be registered and headquartered in Canada
  • Be financed by a member of NACO
  • Be nominated for the award by a NACO member in good standing who has invested in the company
  • Has been involved in a successful exit
  • Has demonstrated a significant impact on the Canadian economy, measured through the number of full time people employed in the company or revenue growth

 

Rules

  • To be considered for the award, all parts of both forms must be completed and received by May 3rd, 2019 (11:59pm EST)
  • Both recipients must be nominated by NACO member
  • Selected startup’s CEO and the selected Angel investor must be able to accept the award in person at the 2019 World Angel Investment Summit in Calgary on June 5th-7th, 2019

 

Awards, Recognition and Benefits

The recipients of NACO’s Exit of the Year Award will be recognized and honoured at NACO’s 2019 World Angel Investment Summit held from June 5th to 7th in Calgary, Alberta. The award will be presented by RBC during the Gala Dinner and Awards Ceremony the evening of June 6th.

 

Selection Process

Angel groups, accelerators and incubators can nominate member-invested Canadian startups that had a successful exit in the last two years. For each startup, they must also nominate an Angel investor, accelerator or incubator that supported the startup, contributing to its successful exit. The startup and investor(s)/accelerators/incubators are to be nominated in the same nomination form by the external party.

Nominees will be evaluated by an independent panel of judges, made up of business and industry leaders from across Canada.

The startup nominees will be evaluated on the following criteria:

  • Growth of the company since initial investment
  • Impact on the Canadian economy, measured through the number of full time people employed in the company or growth revenue
  • Return on Investment for the Angel investor(s), accelerators or incubators who invested in the said startup
  • Number of round(s) of investment and total capital invested before the exit
  • Valuation of the company at exit

The Angel investor nominees will be evaluated on the following criteria:

  • Level of engagement with the startup(s) nominated for this award
  • Mentorship of entrepreneurs involved with the nominated startup
  • Total amount invested in the startup
  • Total return generated from the investment
  • Length of time to exit from the first round of investment

 

Timelines

  • March 25th – Nominations open to all NACO members
  • May 3rd – Nominations deadline
  • May 7th to May 11th – Submissions evaluated by a panel of judges
  • May 14th – Winner notified (recipient only)

 

Questions

For questions regarding the submission process and for additional information, please contact Nabel Bendago at ​nbendago@nacocanada.com

 



 

NACO’s Most Promising Startup of the Year

 

NACO’s annual investor-startup speed-dating event provides an opportunity for leading investors to meet with some of the most promising startups from Canada and around the world. This year, nominations for Most Promising Startup of the Year will be submitted by NACO members in March/April 2019 with three finalists and one winner selected by a committee of 5 NACO members. All three semi-finalists will receive free passes to the World Angel Investing Summit. Whereas, the top 30 companies submitted will be invited to “speed-dating” with investors and receive a discount on conference entrance fees.

 

Eligibility Criteria

The companies submitted must meet the following criteria:

  • Be a promising, growth-oriented, young company in existence for less than 5 years
  • Be co-investment ready and looking to raise seed or early series A round investment
  • Be submitted to the competition by a NACO member or industry partner in good standing (the “Sponsor”) who has invested and is investing in the company
  • Have a committed team that has validated the market opportunity with customers and is poised for rapid growth
  • Have demonstrated a business innovation that represents a breakthrough from conventional ideas or methods in its industry

 

Rules

  • All applications must be submitted by a NACO member or industry partner portal by May 3rd, 2019 (11:59pm EST) in order to be considered as part of this competition
  • Evaluation of the application will be done using this form. No other documentation will be considered
  • If selected as a semi-finalist, both the CEO and the referring NACO Angel member or industry partner must be able to travel to the 2019 National Angel Summit at their own cost and attend between June 5th-7th, 2019 (conference fees will be covered)
  • One representative from each semi-finalist company will have their conference entrance fees covered by NACO, other members are welcome to attend and will receive a discount on their pass. Whereas, the top 30 companies chosen will receive a discount off of conference entrance fees.

 

Responsibilities of the Sponsor

The Sponsor is responsible for:

  • Recommending the company for evaluation through the NACO portal
  • Co-hosting roundtables with investors and facilitating a meaningful dialogue
  • Facilitate other investor meetings throughout the conference

(Companies will be invited to report how many investor meetings they had)

 

Awards, Recognition and Benefits

The winner of the 2019 Competition will be recognized as NACO’s Most Promising Startup of the Year and will receive an award, during the Gala Awards Ceremony on June 6th, 2019​.

3 Finalists:

  • Will receive one complimentary registration to attend the 2019 National Angel Summit in Calgary, AB from June 5th-7th (CEO must attend)
  • Will meet with investors with experience specific to their sector in a “speed-dating” format after the workshop
  • Will be acknowledged at the Awards Gala as a semi-finalist

 

Selection Process

Companies submitted will be considered and voted on by NACO’s Award Selection Committee members through THIS FORM until May 3rd, 2019 (11:59pm EST). Companies will be selected by the committee based on the strength of their submissions.

 

Judging Criteria

Evaluation criteria are based on the NACO Academy Module #103 – Adding Value through Due Diligence.

The focus is on insight and not hygiene or pre-money valuation (we are interested in the quality of the company and the opportunity. ‘Hygiene issues’, discussions of valuation and deal structure may come later in conversations with interested investors however are not factors considered in evaluation).

Insight Investors are seeking - What is the 'Wow' factor for this investment?

  • Management team has relevant experience for the market opportunity
  • Market validation - the diligence of validation of market pain and understanding of the 'sweet spot' for market entry
  • Market opportunity - the size of the opportunity and company's readiness to address the market
  • Competitive advantage of the product/service offering and expected sustainability of that advantage
  • Valuation growth - understanding of the drivers of valuation growth (why and how the company will become more valuable)
  • Social impact – how will the company have a significant positive impact on society or the environment?

Investors will score the company on a scale of 1-10 for each of the above factors. Company must be scored by a minimum of 15 investors to be considered for the award.

Scores will be normalized.

 

Selection Process Timelines

  • March 25th – Submissions accepted from NACO members and individual investors through the NACO online investor portal
  • May 3rd – Submissions deadline
  • May 7th to May 11th – Companies evaluated and selected by an independent committee of expert judges
  • May 14th – Finalists notified (recipients only)
  • June 6th 9:30am - Companies will be required to be on-site at the conference.

 

Questions

For more questions on the showcase and selection process, please contact Nabel Bendago by email at ​nbendago@nacocanada.com