Funding & Financing It's challenging to raise money as a young entrepreneur. Here is a list of funding sources in Ottawa that we know are writing cheques. Join Fresh Founders for the inside scoop on how to get this money. Government Programs  • IRAP supports R&D projects in technology companies • Youth Employment Strategy (YES): up to $30K towards salary of a recent grad • Small Project Accelerated Review Process: up to $50K in funding after a 2-week review process  • OCE's Commercialization Program supports academic researchers to commercialize their inventions • First Job program: up to $50K towards salary of recent grad • Market Readiness program: $25K–$150K for starting up a company • Investment Accelerator Fund: $500K in seed funding  Scientific Research and Experimental Development (SR&ED) • The SR&ED program provides a 40%–50% tax credit for your company's R&D spending Health Technology Exchange (HTX) • HTX provides matching funds to commercialize medical products  • Clinical Validation Program (CV) - $50K-$100K to validate a new medical product with a hospital or clinic • Health Technology Assessment and Implementation Program (HTAIP): up to  MaRS • Business Project Funding: up to $10K for consulting services  • OCLF provides short-term loans up to $15K to start a business Canadian Youth Business Foundation (CYBF) • Start-Up Loan: up to $15K to start your company  Ontario Summer Company • This Ontario program provides a $3K grant to start your own company during the summer Ontario Self-Employment Benefit (SEB) • The SEB program provides 12 months of Employment Insurance (EI) benefits (about $1,500/mo) to start up your company Ontario Interactive Digital Media Tax Credit (OIDMTC)  Angel Investors  Maple Leaf Angels • The Maple Leaf Angels are based in Toronto but they do make investments in Ottawa  • Innoventure provides $10K-$20K seed funding for startups Venture Capital  • Genesys specializes in early-stage biotechnology investments Suggestions Do you know of any other funding sources in Ottawa? We'd love to hear about them! Please e-mail us at: info@freshfounders.com. |
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Funding & Financing |