Investment Accelerator Fund
ON, Canada
Seed funding for early-stage technology in Ontario
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDateNovember 14, 2019
grant_single|financingType
Grant and Funding
Expert Advice
grant_single|eligibleIndustries
- Information and cultural industries
grant_single|grantors
- MaRS Discovery District
grant_single|status
grant_card_status|open
grant_single_labels|preview
If your company is close to commercialization in information technology, health or clean tech, and your addressable market size is $100 million, this capital investment of $500,000 may be for you.
grant_single_labels|projects
grant_single|admissibleProjectsExample
$ 500,000
Creating an online platform for mental health services nationwide
$ 500,000
Developing AI-driven health monitoring wearable for chronic disease management
$ 500,000
Implementing a clean tech solution for industrial water purification
$ 500,000
Building a solar-powered smart home prototype to reduce carbon footprint
$ 500,000
Developing a cybersecurity solution for protecting small businesses against cyber threats
grant_single_labels|admissibility
grant_eligibility_criteria|who_can_apply
The MaRS IAF grant is designed for innovative technology companies led by ambitious founders who seek early-stage investment to scale their business operations.
- Founders building breakthrough technology companies.
- Companies with a strong technological innovation component.
- Startups positioned in early investment stages seeking financial growth support.
grant_eligibility_criteria|eligible_expenses
There are eligible expenses for this grant. Qualified expenses may include:
- R&D costs
- Prototype development
- Market validation expenses
- Product testing and validation
grant_eligibility_criteria|zone
The available information does not specify any geographically eligible areas for companies applying for this grant. Therefore, the geographical eligibility remains unclear based on the provided details and generally known context.
grant_single_labels|criteria
MaRS IAF has specific evaluation and selection criteria for grant applicants. These criteria are:
- Strength of the founding team
- Market opportunity and potential for growth
- Technology innovation and differentiation
- Business model viability
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- MaRS IAF is known for its extensive network, which includes connections with potential customers, academic institutions, and industry experts, offering strategic advantages to the companies it invests in.
- The MaRS IAF investment team consists of seasoned investors, operators, and builders who provide valuable support and guidance to founders, especially in the early stages of their companies' journeys.
- The track record of MaRS IAF includes a high ratio of follow-on funding, which indicates a successful history of attracting further investments post-initial funding.
- Being a part of the MaRS IAF portfolio could increase the visibility and credibility of a startup within the technology investment community.
