The first thing you need to do is find the list of designated incubators who are officially authorized to act on behalf of Canada government. Full list is published here on Canada Government website
Before applying always check the list and do not apply to any incubator which is not part of this list.
How to Apply?
This is how I applied when I was trying to find an incubator and got positive responses.
Open each incubator website in the list and look for either an email address ot a application form. Before sending an email, just make sure that the targeted incubator works in you area if business. For example, I am building a SaaS company which is for profit so no point applying to an incubator which focusses on non-profit companies. Read through their website and figure out what business areas they focus on.
After you have short listed which incubators you are going to apply to, its time to get your content ready.
Pitch Deck: If you are a serial entrepreneur then you must have created pitch decks for your companies before. This pitch deck is no different, you have to add everything which would for a potential investor.
If creating a Pitch deck is new for you, you can always take a template from the web and use it for your business. Some incubators share list if subjects you need to cover in your pitch deck, make sure you check before sending your pitch deck across.
Business Plan: Your business plan is simialr to your Pitch deck but much mroe detailed. This only helps explain to the reader how you plan to run your business but also clarifies a lot of questions for you s well. For example, if you add a marketing plan you will have to consider and do research on how best to market your business in Canada. Strategies that worked in your home country may not work in Canada.
Try to include as much information about your busniness as you can. Things like product details and features, competition analysis, pricing, marketing plan, cash flow statement, Founder profiles & funding details.
With these two documents ready you can now apply to incubators. Start applying and if your pitch deck is half decent you should hear back from some of them. I started applying last August and after 10 months I am still getting responses. Even if you dont receive a response, followup after a few weeks and you will not be disppointed.
Let me know if you have any specific questions by clicking here
Did you prepare your business plan by yourself or did you take any professional service?
I have been en entrepreneur most of my life. Have setup multiple businesses, raised funding and written multiple business plans. So I didn’t feel the need to get any help in writing a business plan.