
MaRS Growth Acceleration Program
- Open continuously
Overview
Access multi-sector support for executives of scaling, high-growth companies on your way to reaching $20 million in revenue through 1:1 expert advisory on topics including revenue and growth strategy, talent and people strategy, international expansion, a
At a glance
Funding available
- Increase performance through digital transformation
- Develop workforce skills
- Access new markets
- Varies by project
- Open continuously
Eligible candidates
- Information and cultural industries
- Finance and insurance
- Professional, scientific and technical services
- Health care and social assistance
- Ontario
- For-profit business
- From $ 5,000,000 to $ 15,000,000 in revenue
- All organization sizes
- Startups
Next Steps
Activities funded
The MaRS Growth Acceleration Program supports activities designed to propel startups into the high-growth phase, with a focus on overcoming growth-related challenges. The eligible projects aim to enhance go-to-market strategies, optimize business operations, and prepare for expansion and financing opportunities.
- Strengthening go-to-market strategies to enhance value propositions.
- Optimizing pricing models to maximize profits and competitiveness.
- Developing scalable and repeatable sales processes.
- Leveraging PR and branding to showcase company stories within the ecosystem.
- Building a desirable company culture to attract top talent.
- Facilitating international market expansion for sustainable growth.
- Accessing insights and benchmarking data to support growth.
- Positioning companies to attract potential investors and partners.
Eligibility
Who is eligible?
To apply for the MaRS Growth Acceleration Program (GAP), a company must meet the following eligibility criteria:- The company must be incorporated in Canada.- The company must have developed an innovative technology.- The company's operations should be within one of the four sectors MaRS supports: cleantech, health, fintech, or enterprise software.- The company should have an annual recurring revenue of $5-15 million or have raised $15-50 million in total funding (for biotech, hardtech or equivalent) and must aspire to achieve $20 million in revenue within the next three years.- The company must have a product in the market with strong customer demand.- The company should be focused on building go-to-market capabilities or advancing product trials with input from key partners.Eligible expenses
The MaRS Growth Acceleration Program (GAP) offers support to entrepreneurs focusing on scaling their startup to achieve substantial growth in revenue. The program includes tailored activities aimed at enhancing various aspects necessary for business scaling and market expansion.
- Strengthening go-to-market strategy to enhance value proposition.
- Optimizing pricing models to maximize profitability and competitiveness.
- Developing scalable and repeatable sales processes and building high-performing teams.
- Leveraging PR and branding opportunities to showcase company stories.
- Attracting top talent through building a desirable company culture and recruitment processes.
- Achieving sustainable growth by expanding into new international markets.
- Accessing insights and data on financial, operational, and market metrics to support company growth.
- Positioning the company to attract investors and strategic partners.
Eligible geographic areas
This grant is available to companies incorporated in Canada, focusing on technological innovation and growth within supported sectors. It is an opportunity for Canadian ventures to advance in a robust entrepreneurial ecosystem.
- Companies must be incorporated in Canada.
Additional information
The Growth Acceleration Program (GAP) at MaRS offers unique support structures and benefits for participating companies.
- The program emphasizes personalized and flexible support tailored to the specific needs and priorities of the business.
- Participants can utilize the expert guidance of seasoned business leaders, including those with proven success in scaling startups and significant industry experience.
- Access to a network of peers and mentors in the business ecosystem is available, providing opportunities for learning and collaboration.
- There is a focus on developing a scalable sales process, optimizing pricing models, and refining value propositions to maximise business growth potential.
- Program participants have opportunities to enhance their public relations and branding efforts to better position themselves in the marketplace.
- Guidance is provided for international market expansion and capturing new market segments.
- The program is designed to be a long-term, strategic partnership rather than a short-term program.
- There is no fee required to participate in the program, making it accessible to companies that meet the eligibility requirements.