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FAQ QUESTIONS
Discover the most commonly asked questions about CannaTech Ventures.
What is CannaTech Ventures?
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CannaTech Ventures is a cannabis industry technology incubator, helping early-stage founders go from the back of the napkin to incorporation in 12 weeks. The incubator helps innovators building tech or tech-enabled products gain access to the tools, education, network, and capital sources necessary to increase success.

Why Chicago?
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Chicago is the Silicon Valley of Cannabis. There is no doubt that the Cannabis industry is booming. With all the emerging companies in Chicago, there is still a significant need for support. Chicago is the ideal city because it’s rich in diversity and culture. Our mission is to lead with diversity to grow a more equitable cannabis industry.

When does the first cohort start?
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Applications are currently open, with an official start date of June 6th, 2022.

I live out of state. Can I apply?
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Yes. The application is open to all innovators in the US.

Is it virtual or in-person?
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The program supports a hybrid cohort, meaning all startups in Chicago will join the class at 2112, and startups outside Chicago will join virtually.

What are the requirements to apply?
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You have to be 18+.
You are pre-seed.
You need to build tech or tech-enabled products (no services companies).
You have to be willing to commit to the 12-week program.

How will going through this program help me?
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CannaTech Ventures is an early-stage incubator, providing startups with the education and community they need to go from the back of the napkin to incorporation through a twelve-week program. When going through CannaTech Ventures’ incubator, startups will have the full support and resources needed to pursue their idea meaningfully. Startups will have access to a physical location; they’ll learn from industry experts and be introduced to potential capital sources, with mentors and teachers ready to help.

Will I get investment in my startup?
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Investment is not guaranteed. If you put in the work, do the homework, participate in the community, and leverage our resources, you will be ready to meet with early-stage investors by the time you graduate.

What are the Key differences from other programs?
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Community platform.
Proprietary tools + curriculum.
Co-working access.
Industry experts.

What about post-graduation? What support do you offer?
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What about post-graduation? What support do you offer?You will have access to the curriculum, tools, and resources for life. We’ve also developed an online community to ensure ongoing support post-graduation.

What is the difference between an incubator and an accelerator?
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Incubators are for ‘early/idea stage’ founders.

  • Usually early/stage + pre-seed
  • Typically 3-5 months
  • Focuses more on the fundamentals of entrepreneurship and innovation
  • It helps founders get beyond the idea or prototype stage and prepared for early-stage capital

Accelerators are for startups typically generating $500k+ in yearly revenue, looking to aggressively scale (this number varies depending on the program)

  • The program typically invests in your startup, anywhere between $100k-$300k
  • Typically 6-9 months
  • Designed more for startups racing towards a Series A investment round
  • Supports startups in pre-seed, seed, and Series A phase
I’m interested in teaching. What should I do?
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Please fill the application form out here. Question #7 select “becoming a teacher.” If you’re wondering what it means to be a teacher and the expectations, please review this document here.

I’m interested in being a mentor. What should I do?
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Please fill the application form out here. Question #7 select “becoming a mentor.” If you’re wondering what it means to be a mentor and the expectations, please review this document here.

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