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I.D.E.A Fund

Supporting a more sustainable economy while fostering an inclusive and equitable recovery in southern Ontario

i.d.e.a. Fund is a program that fosters inclusion, diversity, environment and acceleration while contributing to a green recovery, and is delivered in partnership with the following Ontario Regional Innovation Centres (RICs): Innovation GuelphHaltechInnovate NiagaraWEtech AllianceInnovation Factory and TechAlliance of Southwestern Ontario, to support a more sustainable economy while fostering an inclusive and equitable recovery in Southern Ontario.

This program will provide specialized industry expertise to develop growth plans and related strategies in the areas such as talent attraction, raising follow-on investment, product development and quantification of product benefits/market value propositions, commercialization of intellectual property, and market diversification. Each RIC will distribute up to a maximum of $30,000 in matching seed funding to select innovative businesses in various sectors.

If your company is in southern Ontario, has a project that might fit the criteria and is interested in benefiting from a financial injection of seed funding and executive-level mentorship – keep reading!

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Seed Funding & Support

  • Non-repayable seed funding of up to $30,000 with matching funds
  • Up to 40 hours of fully funded, targeted support from business leaders
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Expert Help

Our experts have the knowledge and experience to help you address challenges and move your business forward in all areas including:

growth plans and strategies   talent attraction   raising follow-on investment   market diversification   product development   quantification of product benefits   market value propositions   commercialization of intellectual property   and more

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Who can apply?

We’re looking for 120 companies that are:

  • high potential businesses that have growth potential
  • committed to reducing their impact on the environment by developing new or redesigning:  products  services  processes  technologies

The first cohort of this program begins June 30 and continues to February 28, 2023. For full selection criteria, consult the i.d.e.a. Fund Program Guide.

Applications close on June 7, 2022.

Find out more information, and how to apply, HERE: https://www.idea-fund.ca/