Innovation Factory i.d.e.a. Fund
$20,000.00
Grant
Description:
This program will provide specialized industry expertise to develop growth plans and related strategies in areas such as talent attraction, raising follow-on investment, product development and quantification of product benefits/market value propositions, commercialization of intellectual property, and market diversification. Each RIC will distribute up to a maximum of $20,000 in matching seed funding to select innovative businesses in various sectors.
Comments on Funding:
Seed funding and support
Non-repayable seed funding of up to $20,000 with matching funds
Up to 30 hours of fully funded, targeted support from business leaders
Applications are closed. Stay tuned for future intake announcements.
Eligibility:
Applicants must be companies:
1. Who have one to two members of the business’ leadership team are available to participate in the program
2. Who have one to two team members are available to participate in an online certificate program with the University of Guelph
3. Thats is an early-stage business or Small to Medium Enterprise (1-499 employees), and the business must be headquartered in Southern Ontario (regions are outlined in Appendix A)
4. The business must be incorporated (Ontario or federal) and the business owner/founder must be working in the business full-time
5. The business must have a scalable product or service
Application Steps:
Applicants must email idea-fund@innovationfactory.ca
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice
