Business Incubation & Commercialization Grant Program ON Canada

Business Incubation & Commercialization Grant Program

Toronto, ON, Canada
Offer financial support to nurture entrepreneurship, innovation, and job creation in Toronto through robust programming provided by not-for-profit organizations

grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|maxCount
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|timelineUnspecified
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Grant and Funding
grant_single|eligibleIndustries
  • grant_single|allIndustries
grant_single|grantors
  • City of Toronto
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grant_card_status|closed

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The Business Incubation and Commercialization Grant Program provides financial support to non-profit organizations that offer robust entrepreneurship, incubation, and acceleration programming aimed at business formation, innovation, and job creation in Toronto. Eligible activities include pre-incubation, incubation, and acceleration services, as well as targeted entrepreneurial programs and events. The program offers up to $100,000 for multi-year operational support and up to $20,000 for individual programs.

grant_single_labels|projects

The Business Incubation and Commercialization Grant Program provides grants for not-for-profit organizations offering various entrepreneurship, incubation, and acceleration activities in Toronto.
  • Pre-incubation: Business advisory support, mentoring, networking, and market research
  • Incubation: Implementation of business ideas into operation, office or studio space, shared equipment, and prototype development
  • Acceleration: Rapid growth facilitation through strategic financing and market readiness strategies
  • Programs: Comprehensive entrepreneurship support activities
  • Events: Networking events with targeted sectoral or demographical reach and impact

grant_single_labels|admissibility

The Business Incubation and Commercialization Grant Program is designed for not-for-profit organizations in Toronto that provide entrepreneurship, incubation, and acceleration programming. Eligible organizations must demonstrate robust programming, proof of not-for-profit status, and meet specific requirements based on the funding stream.
  • Be a not-for-profit organization that provides incubation-type programming to entrepreneurs
  • Programming that is Toronto-centric and supports Toronto-based entrepreneurs and startups
  • Robust business incubation, acceleration and entrepreneurship programming
  • Detailed and comprehensive application and supporting documents
  • Proof of Not-for-Profit Status

grant_eligibility_criteria|who_cannot_apply

For-profit incubators and individual businesses are not eligible for this grant.
  • For-profit incubators
  • Individual businesses

grant_eligibility_criteria|eligible_expenses

Yes, there are eligible expenses specified for this grant.
  • Salaries and program delivery costs
  • Office and studio space costs
  • Equipment and supplies
  • Marketing and outreach
  • Program evaluation and administration
  • Event-related expenses

grant_eligibility_criteria|zone

This grant is available to not-for-profit organizations that provide incubation-type programming to entrepreneurs in Toronto.
  • Toronto-based organizations

grant_single_labels|criteria

Yes, there are evaluation and selection criteria for this grant. Applications will be assessed using a scoring system based on four key program priorities, with decisions concerning eligibility and funding amounts being final.
  • Program Alignment
  • Program Impact and Engagement
  • Organizational Capacity
  • Financial Sustainability

grant_single_labels|register

  • Step 1: Subscribe to the BusinessTO newsletter for updates on future rounds of funding and training.
  • Step 2: Ensure your organization meets the eligibility requirements for either the Multi-Year Operating Stream or Programs and Events Stream.
  • Step 3: Prepare the necessary supporting documents:
  • For the Multi-Year Operating Stream:
  • Proof of not-for-profit status
  • Your organization’s program staff complement and most current Board of Directors
  • Most recent audited financial statements demonstrating revenues between $100,000 to $1 million
  • Robust curriculum
  • Milestones and deliverables overview
  • For the Programs and Events Stream:
  • Proof of not-for-profit status
  • Your organization’s program staff complement and most current Board of Directors
  • Detailed budget
  • Robust curriculum or event schedule
  • Milestones and deliverables overview if applying for the Program Stream
  • Step 4: Download templates which can be used to prepare supporting documents, such as Detailed Budget and Milestones and deliverables overview.
  • Step 5: Submit an application when the application period is open, along with all required supporting documents.

grant_single_labels|otherInfo

The Business Incubation and Commercialization Grant Program offers financial support to not-for-profit organizations focused on the development of entrepreneurship, incubators, and accelerators in Toronto. Funding is not guaranteed annually, and applications for future rounds are currently closed.
  • Program updates can be received by subscribing to the BusinessTO newsletter.
  • Organizations must provide aggregate data on their program’s reach and impacts annually.
  • Eligible organizations cannot participate in more than one funding stream per year.
  • Organizations receiving other core funding from the City of Toronto cannot apply for the Multi-year Operating Stream.
  • Applicants need various supporting documents, such as proof of not-for-profit status and detailed budgets, depending on the funding stream.
  • Decisions on eligibility and funding amounts by the assessment panel are final.

grant_single_labels|contact

416-392-3386
Apply to this program