RBC FinSec
Incubator
Frequently Asked Questions
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Program
The RBC FinSec Incubator program is hybrid, incorporating both in-person events and workshops, as well as online workshops and a mentorship program.
Participants should expect to dedicate between 3-4 hours per week to the RBC FinSec Incubator program.
The program is only offered in English.
This program is tailored to early-stage, high-potential startups. Eligible companies should have:
- A compelling fintech product requiring more robust embedded cyber and risk practices to meet the high-security standards required within the financial services ecosystem; OR a tech-enabled product solving a compelling cybersecurity problem facing the financial services industry;
- An Minimum Viable Product (MVP) with ongoing or upcoming marketing validation/commercialization;
- The potential to become a scalable business in an expanding market;
- A dynamic, receptive, and cohesive leadership team;
- Existing or planned operations in Canada;
- Been established within the last five years.
Workshops will be taught by cybersecurity and industry experts and serial entrepreneurs.
The RBC FinSec Incubator program takes 5 months to complete.
The application process for the RBC FinSec Incubator starts in May 2024. Program delivery begins in August 2024.
Application
The application process for the RBC FinSec Incubator consists of an online application followed by an interview.
Applicants should book a call with a program advisor to ensure the program is right for them. If so, they will be provided an application link directly after the call. Following application submission, our selection committee will evaluate the applications and shortlist companies for a brief interview. Subsequently, after a final technical assessment and interview, 5-8 companies will be selected for the program and notified via email regarding their acceptance.
It’s important to emphasize that completion of the entire application process is necessary for consideration for admission. Incomplete applications will not be reviewed.
To make changes or update to your initial application, please email mariagrazzia.alvarez@torontomu.ca outlining the changes you would like to make.
We will run a due dilligence process to evaluate the technology, business traction and team capabilities.
Email is the main communication channel. Please ensure that you check your email on a regular basis.
Yes, all applicants will be contacted by email during the application process.
You may only apply once per intake. If your application is not successful, you may reapply for a future intake.
You will receive an admission decision within 30 days of completing your full application.
Finances
We do not charge any fees or costs for participating in the RBC FinSec Incubator program.
General
Rogers Cybersecure Catalyst is committed to assisting applicants with documented disabilities. If you have any questions about accommodations, please contact mariagrazzia.alvarez@torontomu.ca
Please contact our admissions team at mariagrazzia.alvarez@torontomu.ca.
Other
You can reach us by email at mariagrazzia.alvarez@torontomu.ca.
We communicate with applicants on a weekly basis. If you haven’t heard from us, please email RBC.fintechprogram@torontomu.ca.
Interested candidates are encouraged to contact us at mariagrazzia.alvarez@torontomu.ca to schedule a 15-minute call to learn more about the program and qualifications.