How much funding can be received?

Become a member and get access to a network of resources as well as hands-on mentorship. This will help you tackle unique challenges in scaling up your business and commercializing your science-and-technology innovations.

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This grant is available to companies operating in specific regions in Canada with a focus on innovative startups. These regions have been selected to foster growth and development in science and technology-based ventures.

British Columbia (BC)
Yukon
Nunavut
Northwest Territories

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$15,000

Creating a legal strategy for a cooperative's compliance with new labor laws

$25,000

Implementing a legal framework for social enterprise tax compliance and contractual obligations

$55,000

Developing and implementing an IP strategy for a startup's technology innovation

$20,000

Developing a legal strategy for patent protection of a new biotechnology innovation

$50,000

Implementing a compliance strategy for health and safety regulations in a small manufacturing firm

$60,000

Setting up a new legal framework for a general partnership's operational compliance

grant_single_labels|admissibility

Eligibility for this grant is determined by specific criteria related to the company and its geographic location.

The company must be a startup based in British Columbia, Yukon, Nunavut, or Northwest Territories.
The startup must be involved in innovative science and technology endeavors.
The company should be looking to protect, manage, and leverage intellectual property.

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The AccelerateIP program is available to innovative startups in British Columbia (BC), Yukon, Nunavut, and Northwest Territories that are looking to grow and protect their intellectual property (IP).

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Some types of companies may not be eligible for this grant:

Non-technology-based companies
Companies not located in the specified regions (BC, Yukon, Nunavut, Northwest Territories)

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This grant supports startups and companies in British Columbia, Yukon, Nunavut, and Northwest Territories in key areas of intellectual property management and protection. It offers targeted financial support and training to empower businesses to effectively leverage their intellectual assets.

Gain foundational intellectual property (IP) training and education.
Receive 1:1 mentorship for developing legal IP strategies, with funding covering up to $25,000 of eligible costs.
Access financial support to cover up to $60,000 of eligible costs for IP legal implementation.

grant_eligibility_criteria|zone

The grant provides financial support for eligible legal strategy development and implementation costs related to intellectual property protection and management.

Eligible legal strategy development costs up to $25,000.
Eligible legal implementation costs up to $60,000.

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There are evaluation and selection criteria for this grant. The program provides financial support for protecting, managing, and leveraging intellectual property of startups.

Education and Awareness: Gain foundational IP training
Strategy: Get 1:1 mentorship and up to $25,000 of eligible costs covered for legal strategy development
Implementation: Access financial support to cover up to $60,000 of eligible legal implementation costs

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Here are the steps to submit an application for this grant:

Step 1: Initial Contact
- Send an inquiry to accelerateip@venturelabs.ca for more information about the AccelerateIP program.
Step 2: Application Form
- Visit the official website and click on the "Apply now" button to access the application form.

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Additional information worth knowing for applicants to the AccelerateIP program:

The program offers three tailored streams focusing on different aspects of intellectual property protection and management, providing comprehensive support for startups at various stages.
Education and Awareness: foundational IP training is available to support the initial knowledge base of participants regarding intellectual property.
Strategy stream provides personalized mentorship, ideal for tailoring IP strategies to the specific needs of the company.
Implementation stream allows startups to access significant financial support, specifically covering up to $60,000, easing the financial burden of legal implementation costs.

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accelerateip@venturelabs.ca

Apply to this program

An Opportunity to Secure Your Intellectual Property

The AccelerateIP program offers crucial financial support for startups eager to secure, manage, and leverage their intellectual property effectively. It aims to empower companies in BC, Yukon, Nunavut, and the Northwest Territories with resources necessary to protect their innovative ideas and enhance their business strategies.

Unlocking the Full Potential of Your Intellectual Assets

The AccelerateIP initiative is an integral part of the SFU VentureLabs ecosystem, presenting three primary streams of support tailored to the unique needs of startups. Firstly, the Education and Awareness stream provides foundational training that equips businesses with essential knowledge about intellectual property rights and management. This training is critical for companies at the inception stage, preparing them to navigate the complexities of IP laws and regulations strategically. The second stream, Strategy, offers personalized mentorship, guiding startups through the intricacies of developing robust IP strategies. With up to $25,000 available to cover eligible costs, this stream helps speed up legal strategy development, enabling businesses to safeguard their innovations effectively from the outset. This proactive approach is vital in fostering a sustainable and competitive edge in the rapidly evolving tech landscape.The third stream, Implementation, addresses the financial challenges associated with the actualization of legal strategies. Here, startups can receive financial support covering up to $60,000 in eligible legal costs, making it feasible for emerging companies to execute their IP protection strategies without the barrier of high legal expenditures. This level of support ensures that innovative ideas are not just theoretical but protected and ready for market competition.Led by New Ventures BC and in collaboration with Innovate BC, AccelerateIP harnesses the power of a robust network of accelerators and incubators. This partnership amplifies the impact of the program, providing startups with augmented access to resources, guidance, and a community that fosters growth and innovation.The primary goal of AccelerateIP is to foster an environment where startups can thrive by ensuring their valuable intellectual assets are robustly protected and effectively utilized. By reducing the financial burden and providing expert mentorship and training, AccelerateIP enables businesses to focus on growth and innovation with confidence and clarity.For applicants, understanding the strategic role of intellectual property in business growth is imperative. It acts not only as a protective measure but also as a dynamic asset that can be leveraged for partnerships, fundraising, and market expansion. A well-protected IP portfolio can significantly increase a company’s valuation, attract investments, and provide a competitive advantage in their respective markets.Through programs like AccelerateIP, SFU VentureLabs is at the forefront of nurturing a thriving ecosystem for science and technology-based ventures. The expertise and resources available through this program ensure that startups can confidently progress from finding product-market fit to becoming sustainable, profitable businesses, ready to contribute to the innovation landscape of Canada and beyond.