Launch Lab — Entrepreneurs In Residence (EIR)
ON, Canada
Assistance for technology based businesses in Southern 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
- Professional, scientific and technical services
grant_single|grantors
- Launch Lab
grant_single|status
grant_card_status|open
grant_single_labels|preview
Receive assistance for your tech-based business with an innovative technology or idea and that is experiencing challenges and looking to grow.
Team members with various areas of expertise can assist you foster entrepreneurship and commercialization to he
grant_single_labels|projects
This grant is specifically available for companies located within the regional boundaries of Eastern Ontario. The eligible locations emphasize economic growth and innovation in this area.
- Kingston
- Lanark
- Quinte
- Leeds & Grenville
- Cornwall & The Counties
- 1000 Islands
- Frontenac
- Hastings
- Prince Edward, Lennox & Addington
grant_single|admissibleProjectsExample
$120,000
Implement IoT solutions to optimize energy consumption in residential buildings
$150,000
Launch an innovative e-learning platform to deliver specialized training to professionals
$120,000
Introduce a smart farming system to increase agricultural productivity and sustainability
$100,000
Develop an AI-based customer service chatbot to improve user experience and efficiency
$130,000
Develop a telemedicine platform to offer virtual healthcare services to remote areas
$90,000
Create a mobile app for local artisans to sell their products globally with ease
grant_single_labels|admissibility
- Must be a business operating in Eastern Ontario.
- Must have an innovative technology or idea.
- Startups and existing businesses looking to grow are eligible.
grant_eligibility_criteria|who_can_apply
Launch Lab works with businesses that have an innovative technology or idea, including new startups and existing businesses facing growth challenges within Eastern Ontario. The focus is on fostering entrepreneurship and the commercialization of innovations to build globally competitive companies in Eastern Ontario.
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant include costs related to research and development, hiring staff, marketing, and technology upgrades. You can also use the funds for equipment purchases and training programs.
- Research and development
- Hiring staff
- Marketing expenses
- Technology upgrades
- Equipment purchases
- Training programs
grant_eligibility_criteria|zone
Regions Served
- Kingston
- Lanark
- Quinte
- Leeds & Grenville
- Cornwall & The Counties
- 1000 Islands
- Frontenac
- Hastings
- Prince Edward, Lennox & Addington
grant_single_labels|criteria
- Relevance of the project to the grant's focus areas
- Demonstrated need for funding
- Evidence of community impact
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Launch Lab is part of a provincially-funded network, indicating potential access to broader resources and insights that can assist applicants.
- The organization emphasizes innovation and the commercialization of ideas, suggesting a focus on supporting projects with significant innovative elements.
- Launch Lab operates through a network of advisors, offering personalized support and mentoring for businesses involved.
- Although physically based in Kingston, Launch Lab's operations cover a wide area in Eastern Ontario, ensuring regional outreach and support.
Apply to this program
Empowering Innovation in Eastern Ontario Through Launch Lab
Launch Lab, a Regional Innovation Centre in Eastern Ontario, offers guidance and resources to local businesses and startups aiming to grow through innovation. As part of the Ontario Business Support Network, they provide strategic advice and support to foster entrepreneurship and commercialization in the region.
Detailed Insights into Launch Lab's Support for Innovation
Launch Lab serves as a catalyst for innovation by offering tailored advisory services aimed at supporting the growth and development of businesses in Eastern Ontario. Positioned as a key player in the Ontario Business Support Network, Launch Lab benefits from a provincial funding backbone that allows it to extend invaluable resources to entrepreneurs. Located in Kingston, with a comprehensive team scattered across the region, Launch Lab operates within the diverse boundaries of Eastern Ontario, from Trenton to Smiths Falls, and beyond.
The mission of Launch Lab is intricately tied to fostering an environment where entrepreneurial ventures can thrive. By providing expert advice and acting as a sounding board, they empower business owners to refine their strategies and make informed decisions. Although they offer guidance, the ultimate choice remains with the clients, ensuring a personalized approach to business development.
The organization works closely with innovative technology-centric companies and other startups looking to overcome challenges. Their focus isn’t merely on local impact but also on preparing businesses to compete on a global scale. Through initiatives to commercialize innovative ideas, Launch Lab strives to build companies that contribute not only to local economies but also address broader economic goals.
One of the significant advantages of partnering with Launch Lab is access to a network of regional partners. This connectivity provides businesses with various avenues for growth, including access to mentorship, capital, and potential collaborations. The support structure is designed to be flexible, allowing businesses to adapt to changing market demands while remaining aligned with long-term strategic objectives.
Launch Lab's approach involves a rigorous evaluation of participating businesses, ensuring that their efforts yield measurable outcomes. This strategic alignment with regional and provincial priorities ensures that resources are optimally utilized to foster sustainable development across Eastern Ontario.
Ultimately, Launch Lab plays a crucial role in not only nurturing the entrepreneurial spirit but also in facilitating a robust ecosystem where innovation can flourish. By engaging actively with startups and existing businesses, Launch Lab contributes significantly to the economic vitality of Eastern Ontario, paving the way for a prosperous, innovation-driven future.
