Axion Fund
no fixed amount
In-Kind Support, Investment
Description:
The AXION FUND is a vehicle to assist in two primary areas:
1. First, its Canadian IP focus is to assist in the commercialization and growth of ideas and research-based companies, generated within universities and other innovation centers across Canada. The funding helps inventors with scalable intellectual property to protect their work and navigate through the investment and funding landscape.
2. Second, its Northern Ontario focus, with a primary directive being to attract, mentor, coach, fund and commercialize early-stage start-ups and later scale-ups that have a plan to be partly or entirely settled, or desire to locate in some form in Northern Ontario.
Comments on Funding:
The average cheque size varies from $100-300K across 30-50 deals over 5 years.
Currently accepting applications
Eligibility:
Applicants must be:
1. seed-stage start-ups with strong, research and data-driven IP at core of its technology that is generated in one of the Canadian Universities, Colleges or research institutes;
2. Canadian based companies;
3. have a plan to be partly or entirely situated in, or desire to locate in some form in Northern Ontario (Bonus consideration);
4. fall into one of the following areas: AI/ML, AI Security, Internet of Things (IoT), Clean Tech, Smart Manufacturing, MedTech, Home Automation.
Application Steps:
Applicants must submit the completed Axion Application form on the website.
Documentation Needed:
Applicants must submit the completed application form including an investor pitch deck and/or one-pager.
Other Things to Note:
About the author
Maurice
