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

At a glance

Funding available

Financing goals

Integrate new technologies

Eligible Funding

No Condition

Timeline

Open Date : April 3, 2023

Eligible candidates

Eligible Industries

Wholesale trade
Information and cultural industries
Professional, scientific and technical services
Administrative and support, waste management and remediation 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

Activities funded

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.

Examples of admissible projects:

$ 400,000

Develop a renewable energy microgrid

$ 225,000

Implement an AI system for precision agriculture

$ 1,000,000

Establish a biotech research facility

Eligibility

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.

Who is eligible?

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.

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.

Eligible geographic areas

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.

Selection criteria

There are evaluation and selection criteria for this grant.

Company must have at least $20 million in revenue or $50 million capital raised.

How to apply

Initial Contact

Reach out to the Momentum team through their official email to express your interest and initiate the application process.

Documents and links

MaRS Momentum

Apply to this program

Frequently Asked Questions about the MaRS Momentum Program

Here are answers to the most common questions about the MaRS Momentum. 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 MaRS Momentum?

Who is eligible for the MaRS Momentum program?

What expenses are eligible under MaRS Momentum?

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.