TORONTO, Dec. 19, 2016 /PRNewswire/ -- With a lot of work, a ton of perseverance and a little bit of luck, a startup dedicated to helping parents and daycares is a proud recipient of the OCE SmartStart Seed Fund.
After an initial application for the seed fund, CubbySpot and its founder and chief executive officer Regnard Raquedan were denied the funding. But that didn't stop Raquedan. After improving its application and some work to improve the company's position, CubbySpot recently received a grant for $37,500.
The SmartStart Seed Fund, which gives Ontario's entrepreneurs access to much-needed funding to take their start-up to the next level, provides both seed financing and financing for entrepreneurship skills training to help recipients grow their start-up and make them investment and customer ready. SmartStart is co-funded by the Government of Canada, through the Federal Economic Development Agency for Southern Ontario and the Government of Ontario.
Earlier this year, CubbySpot started a Fundrazr crowdfunding campaign to help reach its goal. The SmartStart Seed Fund grant matched the funds raised from crowdfunding and investment.
"This process has taught us the importance of patience, perseverance and hard work. But it is further validation of CubbySpot's potential to be a key piece in Ontario child care. The grant will definitely help us reach our goals faster," said Raquedan.
CubbySpot – a website and app which allows parents to find daycare spots for their children in all major Canadian cities, including Toronto, Vancouver, Montreal, Ottawa, Calgary, Winnipeg, Edmonton, and St. John – had its start in Toronto and now has re than 12,000 daycares in its database. This is the largest collection of daycare listings across Canada in a mobile app. Raquedan and his wife, Liza, founded CubbySpot after they had trouble finding a daycare for their daughter. After countless Internet searches and endless waiting lists, they came up with CubbySpot, which has allowed Canadians to search for daycare services.
The service can be used by both parents looking for an easy-to-use way to find a daycare or by a daycare director, owner, or manager looking to fill full-time, part-time, and backup/emergency openings in their centres. The mobile app is available on the Apple App Store and Google Play.
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SOURCE CubbySpot Inc.