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.

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