grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|noCondition
grant_single|deadlines
  • grant_single|openingDate July 26, 2023
  • grant_single|closingDate August 28, 2023
grant_single|financingType
Expert Advice
grant_single|eligibleIndustries
  • Manufacturing
  • Transportation and warehousing
  • Information and cultural industries
  • Health care and social assistance
grant_single|grantors
  • ventureLAB
grant_single|status
grant_card_status|open

grant_single_labels|preview

Get access to a state-of-the-art hardware lab, as well as experienced experts and advisors to help you scale when building hardware and semiconductor-focused products, enabling the creation of transformative technologies that will power the products of to

grant_single_labels|terms_and_conditions

The Hardware Catalyst Initiative provides access to high-value resources and support without direct financial disbursements or equity commitments. The focus is on enabling technological and commercial growth for hardware and semiconductor companies in Canada.
  • Access to a world-class $11 million Hardware Lab for prototyping and testing.
  • Free workspace for up to 2 participants per company.
  • Involvement with a global network of partners and mentors without any equity requirement.

grant_single_labels|projects

The Hardware Catalyst Initiative supports the development and commercialization of silicon and hardware-based innovations. Eligible activities are geared towards enhancing product development, customer engagement, and strategic growth.
  • Development of product design and supply chain partnerships.
  • Utilization of the Prototyping & Testing Lab for product development.
  • Establishing an IP identification and strategic protection plan.
  • Execution of a customer engagement program with early adopters.
  • Financial planning focused on revenue growth and investor engagement.
  • Talent acquisition and development planning.
grant_single|admissibleProjectsExample

$ 200,000

Development of a high-performance computing chip for AI applications

$ 150,000

Creating innovative medical sensors using advanced microelectronics

$ 175,000

Developing AI-powered wearables for health monitoring

$ 120,000

Developing a new energy-efficient semiconductor for eco-friendly power management systems

$ 150,000

Creating smart agricultural sensors for precision farming

$ 140,000

Creating biodegradable electronics for sustainable tech solutions

grant_single_labels|admissibility

Eligibility for the Hardware Catalyst Initiative is determined by specific criteria designed to support Canadian silicon and hardware companies.
  • Company was founded within 5 years immediately preceding the application.
  • Company earned less than $5M in revenue in the last 12 months.
  • Directly involved in the development of a novel electronic product involving advanced elements such as a custom semiconductor, sensor, silicon-based IP or embedded system hardware.
  • Has customer engagement that validates the need and demonstrates that the team can attract and work with customers.
  • Company is incorporated in Canada.
  • Has a CRA business number.
  • Has 99 or fewer employees.
  • Has a co-founding team (of at least 2 or more) capable of product development, customer acquisition, and investment acquisition.
  • If located in Canada but not in Southern Ontario, the company has plans to establish a long-term presence in Southern Ontario.
  • If a Canadian Corporation, all IP developed through the program will be assigned to the company.
  • If a foreign-controlled company, a Canadian entity in Southern Ontario must be established prior to commencing the program, and all IP developed through the program must be assigned to the Canadian entity.

grant_eligibility_criteria|who_can_apply

The Hardware Catalyst Initiative is open to innovative growth and scale-stage hardware or enterprise software companies incorporated in Canada. Eligible companies must have been founded within 5 years before the application, earn less than $5M in revenue over the last 12 months, develop novel electronic products like custom semiconductors or silicon-based IP, have customer engagement, and a co-founding team capable of development and acquisition strategies. Additionally, if not located in Southern Ontario, the company must plan to establish a presence there. Companies should also have 99 or fewer employees. Foreign-controlled companies must set up a Canadian entity in Southern Ontario and assign IP developed through the program to this entity."

grant_eligibility_criteria|eligible_expenses

The Hardware Catalyst Initiative supports activities essential for the commercialization of hardware and semiconductor products. Eligible projects focus on product development, IP strategy, and customer engagement.
  • Product design and development planning, including collaboration with design and supply chain partners.
  • Utilization of ventureLAB's Prototyping & Testing Lab for product refinement.
  • Development and execution of an IP identification and strategic protection plan.
  • Engagement programs with early adopters to validate customer needs.
  • Financial planning to support revenue growth and investment acquisition strategies.
  • Talent acquisition planning to support company growth when applicable.

grant_eligibility_criteria|zone

This grant is available to companies located throughout Canada, with an emphasis on those planning to establish a presence in Southern Ontario. Eligible geographical areas are intended to support regional growth and innovation.
  • Companies incorporated in Canada.
  • Firms with plans to establish a long-term presence in Southern Ontario, if not already based there.

grant_single_labels|criteria

The evaluation and selection of projects for the Hardware Catalyst Initiative grant are not explicitly detailed in the provided context.

grant_single_labels|apply

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grant_single_labels|otherInfo

Here are additional relevant details for this program:
  • The Hardware Catalyst Initiative is offered at no cost to the participating companies and does not require equity.
  • The program offers a comprehensive advisory service designed to aid founders in overcoming challenges like limited capital, long lead times, and the lack of technical expertise.
  • There is an opportunity for participants to utilize a $11M Hardware Lab and free workspace, with access for up to two representatives per company.
  • Participants gain access to a global network of partners and dedicated in-house advisors.
  • There is a 2-month Bootcamp for successful candidates to prepare for the full program.
  • The ventureLAB facility offers a Prototype & Testing Lab subscription service for non-participants as well.
  • ventureLAB provides tailored guidance and builds a network in a growing global community of various industry stakeholders.

grant_single_labels|documents

Hardware Catalyst Initiative

Apply to this program

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