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 03, 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 is available to companies in regions supported by the Federal Economic Development Agency for Southern Ontario. Eligible companies are those located within this specific geographical area to align with regional growth initiatives.
- Companies located in Southern Ontario, Canada.
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_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.
Apply to this program
Empowering Canadian Scale-Ups with the MaRS Momentum Program
The MaRS Momentum Program is a strategic initiative aimed at propelling Canadian high-growth companies towards the milestone of $100 million in revenue, providing them with mentorship, community support, and invaluable insights without any equity or membership fees required.
An In-Depth Look at the MaRS Momentum Program and Its Impact on Canadian Enterprises
The MaRS Momentum Program serves as a pivotal growth accelerator for Canadian science and technology companies poised to ascend to major market leadership positions. Focused on businesses already generating at least $20 million in revenue or having raised upwards of $50 million in capital, Momentum is meticulously crafted to equip executive teams with the resources and expertise required to surmount the intricate challenges of scaling.
With funding support from the Government of Canada, the program avails itself of the combined prowess of the Federal Economic Development Agency for Southern Ontario. Its mission is to curate a thriving ecosystem where cutting-edge enterprises can realize their potential, significantly boosting the national economy while creating technology-driven solutions that touch vast sectors ranging from clean energy and AI innovation to healthcare advancements and financial tech evolution.
Participants of the Momentum program gain access to a cadre of Executive in Residence mentors, each with vast experience in navigating the growth and stabilization of large-scale companies. The program offers a robust blend of tailored one-to-one advisory sessions, data-driven insights, strategic community events, and peer support, carefully curated to address specific logistical and strategic hurdles that high-growth companies encounter. These initiatives are aimed at optimizing sales and marketing strategies, fostering high-performance teams, and devising growth pathways through strategic acquisitions.
Furthermore, MaRS Momentum is renowned for its impactful contributions to Canada’s economy, as evidenced by the significant capital raised and jobs created by participating ventures. The multi-faceted approach integrates a culture of learning and adaptation, where companies not only strive towards financial milestones but also embrace sustainable practices pivotal to long-term success.
Ultimately, the program is designed not only to foster financial empowerment but also to facilitate continuous innovation and resilience within Canada’s entrepreneurial landscape. By capitalizing on the strengths of participating companies and providing a platform for growth, MaRS Momentum helps shape the next generation of Canadian economic powerhouses poised to make enduring impacts locally and globally.
