Capital Access Advisory Program (CAAP) — Building Companies
grant_single|update February 28, 2025
ON, Canada
Business assistance for health science companies
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDate August 1, 2022
- grant_single|closingDate August 6, 2023
grant_single|financingType
Expert Advice
Loans and Capital investments
grant_single|eligibleIndustries
- Health care and social assistance
grant_single|grantors
- Ontario Bioscience Innovation Organization (OBIO)
grant_single|status
grant_card_status|closed
grant_single_labels|preview
Receive strategic guidance from an international Steering Committee of investors, healthcare executives, and advisors in order to position your company for fundraising periods and accelerate technology commercialization.
grant_single_labels|projects
The Capital Access Advisory Program focuses on initiatives that accelerate technology commercialization and prepare health science companies for successful Series A financing. Eligible activities support strategic business growth, enhance fundraising capabilities, and culminate with presentations to investors.
- Business strategic planning to increase return on investment for investors.
- Development and execution of advanced fundraising strategies and financial modeling.
- Initiatives aimed at closing investment rounds effectively.
- Participation in mentorship and guidance sessions with an international steering committee.
- Engagement in investor readiness programs including targeting and introductions.
- Preparation and presentation at the OBIO Investment Summit.
grant_single|admissibleProjectsExample
$ 70,000
Start a new fitness studio offering specialized wellness programs
$ 90,000
Create an online platform for financial literacy among teenagers
$ 100,000
Develop a new healthcare app to monitor patient vitals in real time
$ 120,000
Create a sustainable fashion brand using eco-friendly materials
$ 150,000
Launch a cooperative grocery store focused on local and organic products
$ 60,000
Establish a new non-profit organization focused on mental health awareness campaigns
grant_single_labels|admissibility
Eligibility for participation in OBIO’s CAAP® program requires meeting specific criteria related to company profile and funding stage.
- The company must be in the health sciences sector.
- The company should be starting to raise Series A financing in the Q4 2023 to 2024 timeframe.
grant_eligibility_criteria|who_can_apply
Participants in the OBIO® Capital Access Advisory Program (CAAP®) are health science companies embarking on raising Series A financing and aiming for high-value investment opportunities.
grant_eligibility_criteria|eligible_expenses
The CAAP® program supports activities centered around strategic business growth and investment attraction in the health sciences sector. Eligible activities are designed to enhance company readiness and success in securing Series A financing and strategic partnerships.
- Business strategic planning and optimizing return on investment for investors.
- Advanced fundraising strategies and comprehensive financial modeling.
- Closing an investment round to secure funding.
grant_eligibility_criteria|zone
This grant is likely available to companies based in Canada, given that it is funded by both the Government of Canada and mentions Canadian initiatives.
- Companies located in Canada.
grant_single_labels|criteria
There are evaluation and selection criteria for the OBIO CAAP® grant program:
- Demonstrated potential for technology commercialization and scalability
- Evidence of business strategic planning and market feasibility
- Ability to articulate advanced fundraising strategies and financial modeling
- Clear plan for closing an investment round
grant_single_labels|apply
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grant_single_labels|otherInfo
Here are additional relevant details for this program:
- The OBIO Investment Summit provides an opportunity for direct interaction with global health sciences investors and strategic partners.
- Since 2018, over $1.6 billion has been raised by companies participating in the Summit, highlighting a successful track record.
- Over 200 companies have previously presented at the OBIO Investment Summit, offering a platform for visibility and networking.
- The program offers access to a network of advisors specializing in technology commercialization, business development, and fundraising.
- Strategic guidance is provided by an international Steering Committee comprising investors, healthcare executives, and business experts.
Apply to this program
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