Probably more "some sort of spin" around their current business structure...(?):
"With the above context,
eligibility to receive a Diamond in the Rough prize is as follows:• Business Status. This need not be in place at the time of the Sandbox application in October
2023,
but must be completed prior to commencement of the Sandbox on May 27, 2024.
Eligible recipients of prizes
must be a legal entity duly incorporated and validly existing in
Canada, including:
o Canadian universities and educational institutions chartered in Canada.
o Incorporated Canadian not-for-profit organizations or associations.
o Incorporated Canadian for-profit companies, organizations or associations.
o Provincial/territorial, or municipal government organizations.
o International applicants may be eligible, provided they meet this requirement with a
legal entity duly incorporated and validly existing in Canada.
These websites may be of assistance in setting that up a duly incorporated business entity in
Canada if required:
o Starting a business - Canada.ca
o Registering your business with the government - Canada.ca
o Opening a Canadian bank account for non-Canadians - Canada.ca"
https://www.canada.ca/content/dam/dnd-mdn/documents/ideas/cuas-2024-sandbox-applicant-guide-e.pdfPerhaps that's why the winners are all "incorporated" or actually Canadians?
(20min delay)