Open
Life Sciences Innovation Fund
Money for human health related solutions
Last Update: June 5, 2026
Funding available
$ 500,000
Timeline
- Open Date : January 26, 2023
Location
Ontario, Canada
Overview
Access up to $500,000 in co-investment funding to take your human health related IP from the conceptual stage through to commercialization.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Launch or market a product/service
Eligible Funding
- Maximum amount : 500,000 $
Timeline
- Open Date : January 26, 2023
Eligible candidates
Eligible Industries
- Professional, scientific and technical services
- Health care and social assistance
Location
- Ontario
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Early-stage commercialization of human health life sciences innovations.
- Scaling made-in-Ontario health solutions for global markets.
- Development from conceptual stage through commercialization.
Eligibility
Who is eligible?
- Life sciences companies.
- Healthcare technologies companies.
- Ontario or Canadian incorporated for-profit companies headquartered in Ontario.
Who is not eligible
- OCI Ready for Market (R4M) portfolio companies.
Eligible expenses
There are eligible expenses for this grant, including operating costs related to product development, research expenses, and commercialization activities.
- Operating costs for product development
- Research expenses
- Commercialization activities
Eligible geographic areas
- Ontario.
Additional information
Here are additional relevant details for this grant:
- The Life Sciences Innovation Fund emphasizes the commercialization of Ontario-generated intellectual property, talent, and expertise.
- Companies that are part of OCI's Ready for Market (R4M) portfolio are not eligible for this fund.
- OCI co-invests alongside angel and other investors to mitigate risks and support startups in readiness for investors and customers.
Frequently Asked Questions about the Life Sciences Innovation Fund Program
Here are answers to the most common questions about the Life Sciences Innovation Fund. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Life Sciences Innovation Fund?
Access up to $500,000 in co-investment funding to take your human health related IP from the conceptual stage through to commercialization.
How much funding can be received?
Life Sciences Innovation Fund Funds up to $500,000 of admissible expenses.
Who is eligible for the Life Sciences Innovation Fund program?
To be eligible for the Life Sciences Innovation Fund program, you must:
Life sciences or healthcare technologies business.
Incorporated for no more than five years.
Principal operations in Ontario.
What expenses are eligible under Life Sciences Innovation Fund?
Early-stage commercialization of human health life sciences innovations.
Scaling made-in-Ontario health solutions for global markets.
Development from conceptual stage through commercialization.
Who can I contact for more information about the Life Sciences Innovation Fund?
You can contact Ontario Centre of Innovation (OCI).
Where is the Life Sciences Innovation Fund available?
The Life Sciences Innovation Fund program is available the province of Ontario.
Is the Life Sciences Innovation Fund a grant, loan, or tax credit?
Life Sciences Innovation Fund is a Grant and Funding