Organization · Incubator
Thunder Bay Ventures
Thunder Bay Ventures is a community business resource center located in Thunder Bay, Ontario, focused on supporting local entrepreneurs through funding programs and business advisory services.
Overview
What Thunder Bay Ventures does
What Thunder Bay Ventures is
Thunder Bay Ventures is a community business resource center located in Thunder Bay, Ontario, focused on supporting local entrepreneurs through funding programs and business advisory services.
How it participates in the startup ecosystem
The current public profile supports funder and program host and community capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Incubator
- Structured capabilities
- Funder · Program host · Community
- Last reviewed
- March 16, 2026
What Incubator means
An incubator is a support environment for turning a nascent idea or early company into a startup that is more ready for customers, funding, or an accelerator.
Open the glossary entryOfficial channels
Find Thunder Bay Ventures elsewhere
Open the official website or a supported primary organization account.
Capability profile
Thunder Bay Ventures as a funder
Investment thesis
Thunder Bay Ventures aims to finance new business startups and support the expansion of existing businesses in Northwestern Ontario. The organization focuses on community economic development and providing advisory services to entrepreneurs.
Focus narrative
Thunder Bay Ventures focuses on financing new business startups and the expansion of existing businesses. It offers loans of up to $600,000 and provides access to capital, strategic community economic development, and business advisory support. The organization aims to strengthen its position as a developmental lender and support community-based strategic economic plans.
Terms and economics
- Typical check
- $0–$600,000
Focus and fit
- Stages
- Pre-seed · Seed · Seed+
- Regions
- North America
Availability
- Currently deploying
- Not published
Capability profile
Thunder Bay Ventures as a program host
Program thesis
The mission of Thunder Bay Ventures is to empower entrepreneurs by providing access to capital and strategic business support, fostering economic development in the community.
Focus narrative
The focus of Thunder Bay Ventures is on financing new business startups and supporting the expansion of existing businesses. The organization provides loans of up to $600,000, along with access to capital and business advisory services to help entrepreneurs succeed.
Value and support
Founders receive financial support through loans, access to business advisory services, and strategic community economic development assistance to help grow their businesses.
Terms and economics
- Indicative investment
- $600,000
Availability
- Application state
- Not published
Focus and fit
- Stages
- Pre-seed · Seed
- Regions
- CanadaNorth America
Capability profile
Thunder Bay Ventures as a community
Community overview
Thunder Bay Ventures is a community business resource center based in Thunder Bay, Ontario. It was founded to support local entrepreneurs and businesses through various initiatives and funding programs. The organization is funded by the Federal Economic Development Agency for Northern Ontario (FedNor) and administers the Community Futures Program.
Community focus
Thunder Bay Ventures focuses on providing business support services, including information and advice for entrepreneurs, developmental lending, and community economic development. Their objectives include strengthening their position as a developmental lender and supporting community-based strategic economic plans.
Member value
Members benefit from access to developmental lending, business support services, and community economic development initiatives. They also receive information and advice tailored to their entrepreneurial needs.
Membership
- Pricing models
- free
Format and cadence
- Modality
- in-person
- Schedule
- rolling-admissions
- Commitment
- light
Availability
- Membership state
- Accepting
- Next recorded event
- June 20, 2023
Audience and fit
- Audience
- Founders · Operators
- Benefits
- network-access and mentorship
- Program types
- incubator and community
- Selection criteria
- open
- Regions
- North America
Community activity
Events and activity
Thunder Bay Ventures hosts events such as the Cafe Takeover, an informal networking event for local entrepreneurs and business support organizations, held on June 20th at Club Cappucino.
Notable members
Notable team members include Ted Scollie (President), Jon Wynn (Vice President), and Per Lundstrom (Investment Committee Chair).
Common questions
What to know about Thunder Bay Ventures
Upseed classifies Thunder Bay Ventures under the Incubator organization type. Its current public profile includes funder, program host, and community capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
March 16, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.