MaRS Momentum
Canada
Support for high-growth science and technology companies
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDateApril 3, 2023
grant_single|financingType
Expert Advice
grant_single|eligibleIndustries
- Wholesale trade
- Information and cultural industries
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services
- Health care and social assistance
grant_single|grantors
- MaRS Discovery District
grant_single|status
grant_card_status|open
grant_single_labels|preview
Access assistance for your high-growth company using leading-edge technology and science to improve global life in all aspects with the help of a community of seasoned, knowledgeable c-suite executives and access to engagements that will help you make bet
grant_single_labels|projects
This grant supports high-growth companies in various sectors aiming to scale to $100 million in revenue. The program offers insights and advisory services to optimize business functions and achieve substantial growth.
- Access to executive mentors who have experience growing late-stage companies.
- Opportunities for peer learning with a community of leaders facing similar challenges.
- Strategic growth support through sales and marketing optimization.
- Advisory on building strong company cultures and high-performing teams.
- Expert guidance on growth strategies and financing, including acquisitions.
- Utilization of MaRS' platform of data and technical insights for strategic advantage.
- On-demand advisory and scheduled events to navigate growth challenges.
grant_single|admissibleProjectsExample
$ 400,000
Develop a renewable energy microgrid
$ 225,000
Implement an AI system for precision agriculture
$ 1,000,000
Establish a biotech research facility
grant_single_labels|admissibility
Eligibility for the MaRS Momentum program requires companies to meet certain growth and financial criteria.
- The company must have at least $20 million in revenue.
- Alternatively, the company must have raised $50 million in capital.
grant_eligibility_criteria|who_can_apply
To qualify for the MaRS Momentum program, companies should be high-growth, fast-scaling Canadian science and technology firms with at least $20 million in revenue or $50 million in capital raised. They should be striving to reach $100 million in revenue within the next five years.
grant_eligibility_criteria|eligible_expenses
This grant program is designed to support high-growth companies as they scale towards achieving significant revenue milestones. The focus is on enabling companies to optimize their operations and strategies across various business areas.
- Access to executive mentors with experience in scaling late-stage companies.
- Participate in peer community engagement for shared growth challenges.
- Utilize MaRS’ platform for data and technical insights on growth strategies.
- Receive guidance in sales and marketing optimization.
- Develop great company cultures and high-performing teams.
- Engage in growth strategy and financing advisory.
- Explore expertise in growth through acquisitions.
grant_eligibility_criteria|zone
The MaRS Momentum program is funded in part by the Government of Canada through the Federal Economic Development Agency for Southern Ontario. This implies a regional focus on Southern Ontario for eligibility.
- Companies based in Southern Ontario, Canada.
grant_single_labels|criteria
There are evaluation and selection criteria for this grant.
- Company must have at least $20 million in revenue or $50 million capital raised.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Initial Contact
- Reach out to the Momentum team through their official email momentum@marsdd.com to express your interest and initiate the application process.
