ACCESS TO CAPITAL
CAPITAL FOR MEDIUM PROJECTS
Grant
Advancing Education Program
Total Amount
Up to $250,000
Matching Required
1:1 matching (cash and in-kind, minimum 25% cash)
Use
Connects educational technology products to Ontario education system for testing of early market interest.
Eligibility
Partnership between public education organization (lead applicant) and Ontario-based company. Must be pilot-stage technologies.
Grant
CanExport
Total Amount
$10,000 - $99,999
Matching Required
1:1 matching
Use
Funding for SMEs developing new export opportunities and markets
Eligibility
Must have at least $200,000 in annual revenue and one full time employee
Grant
Medical Sciences Proof-Of-Principle (MSc PoP)
Total Amount
Up to $70,000 per project
Matching Required
1:1 matching cash (non-governmental)
Use
Commercialization of life science/medical technology.
Eligibility
Need to be incorporated spin-off or spin-in for commercialization activities. Less than $250,000 in total revenue and less than $250,000 in non-government investment.
Investment
OCE China Angels Mentorship Program (CAMP)
Total Amount
$100,000 - $500,000
Matching Required
Use
Investment and mentorship to help commercialize technology in the Chinese market
Eligibility
Must be investment ready. Minimum two or three full-time employees. Need fully developed prototype and pilot customers. Preference given to IT-based companies.
Investment
OCE Market Readiness Program
Total Amount
Up to $250,000
Matching Required
1:1 matching
Use
Companies are either academic spin-off commercializing university IP or start up engaged with Campus Linked Accelerator.
Eligibility
Company does not exceed certain third party investment levels. Open application.
Grant
OCE VIP2 - Voucher For Innovation & Productivity 2
Total Amount
Minimum $50,000 / Maximum $75,000 annually or $150,000 over 2 years
Matching Required
50% cash/50% in-kind
Use
Collaborate with college/university/research hospital on commercializing technical innovations.
Eligibility
Minimum of five full-time employees, and in operation for a minimum of two years, have successfully completed VIP I with the research partner. Project must be between 12-24 months in length. Open application.
Grant
OMDC Interactive Digital Media Fund (IDM)
Total Amount
Up to $50,000 for concept definition, and $250,000 for production
Matching Required
Use
Provides content creators with funding for high quality, original interactive digital media content projects in Ontario.
Eligibility
Applicants must be producing, or moving towards production of, market-ready content.
Grant
Ontario Scale-Up Vouchers Program
Total Amount
$150,000 - $250,000
Matching Required
Offsetting costs
Use
Help firms scale globally by increasing sales, nurturing talent and developing IP. Growth coaches are provided to help make connections and guide companies through the application process
Eligibility
Company with revenue between $5�$25 million plus either 20% year over year revenue and/or sales growth or 20% year over year employee growth, OR company with less than $25 million in revenue that has also raised $10 million in private capital with either 20% year over year revenue and/or sales growth or 20% year over year employee growth.
Grant
Ontario-Israel Research Network Program - MAGNET
Total Amount
Up to $200,000
Matching Required
1:1 matching cash (non-governmental)
Use
Funding for fintech companies, specifically with a cybersecurity focus
Eligibility
Must have less than 500 FTE�s. Application must include one SME from Ontario, and one from Israel, as well as a Canadian financial institution.
Grant
Strategic Innovation Fund
Total Amount
50-75% of eligible costs
Matching Required
Repayable and non-repayable contributions
Use
Funding for technology and industrial sectors
Eligibility
Varies widely, goal must be to create jobs and help develop new innovations
Loan
VERGE Breakthrough Fund
Total Amount
$50,000 - $500,000
Matching Required
Use
Growth social enterprises, affordable housing developments, community real estate
Eligibility
Operations in Southwestern Ontario. Core mission addresses a social, environmental and/or cultural challenge. Minimum 1-2 years operational history. Currently generating revenue, has existing customers, or assets secured. Full-time experienced management
Loan
VERGE Startup Fund
Total Amount
$5,000 - $100,000
Matching Required
Use
Startup social enterprises
Eligibility
Operations in Southwestern Ontario. Core mission addresses a social, environmental and/or cultural challenge.
Loan
Western Ontario Community Futures Development Corporation � WORC Pool
Total Amount
Up to $700,000
Matching Required
Must contribute at least $25,000
Use
Key objectives must be based around succession planning, new market and product development, productivity improvements or diversification activities supporting business and employment growth
Eligibility
Must be CFDC with cash balance of less than $1.0M. If a business has over $1.0M in cash, then can apply for a loan between $250,000 and $300,000. Must meet WORC pool objectives.