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Residency Due Diligence

Due Diligence Checklist

Growth Residency
Startup is focused on technology - SaaS, hardware, health/med-tech
Startup has a presence in Atlantic Canada
Startup has at least one full-time founder located in Atlantic Canada
Startup is incorporated
Startup is registered in one of the four Atlantic provinces
Startup has at least one full time person building the product
Startup is high-growth and creating a scalable venture
Startup is going after equity financing (ideally)
Startup has less than $1M ARR (if no, case by case)
Startup has not raised more then $5M in equity financing
Founder(s) are coachable
Founder(s) willing to meet with Volta or assigned advisors for growth-checkin meetings
Founder(s) willing to complete company update reports every eight weeks
Founder(s) are looking for support and not solely occupying office space
Founder(s) understand Volta’s founder centric model
Founder(s) want to join a community and are willing to participate
Volta has a means of supporting team (right advisors and resources in place)
Catalyst Residency
Startup is focused on technology - SaaS, hardware, health/med-tech
Startup has high-growth potential and is scalable
Startup is at the MVP stage
Startup is incorporated
Startup is registered in one of the four Atlantic provinces
Founder(s) are located in Atlantic Canada
Founder(s) are coachable
Founder(s) willing to meet with Volta or assigned advisors for growth-checkin meetings
Founder(s) willing to complete company update reports every eight weeks
Founder(s) are looking for support and guidance, not solely work space
Founder(s) understand Volta’s founder centric model and that support at this stage is primarily focused on MVP design
Founder(s) understand Volta will not be paying for direct product build
Founder(s) want to join a community and are willing to participate
Volta has a means of supporting team (right advisors and resources in place)
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Bonus points if have a full-time founder in Atlantic Canada
Academy Residency
Idea is focused on technology - SaaS, hardware, health/med-tech
Startup is at the idea stage
Founder(s) are located in Atlantic Canada
Founder(s) are coachable
Founder(s) are looking for support and guidance, not solely work space
Founder(s) understand Volta’s founder centric model and that support at this stage is primarily focused on idea validation and customer discovery
Founder(s) understand that Volta inputs are directed based on founder participation
Founder(s) want to join a community and are willing to participate
Volta has a means of supporting team (right advisors and resources in place)
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