Get money to launch or grow a tech business
If you’re an entrepreneur between 18-29 years old, a student or a recent graduate participating in a Campus-Linked Accelerator program or on-campus entrepreneurship activities, you can get up to $35,000 to launch and grow your technology or innovation-based business. This program is called SmartStart Seed Fund.
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How it works
SmartStart Seed Fund delivered through Ontario Centres of Excellence.
Through the program, you can get:
- up to $30,000 in early-stage funding to help you launch and grow your business, providing you get 1:1 matching funds from at least 1 other source
- up to $5,000 in financing, with no matching funds required, to apply towards business skills training and support services (e.g., workshops and seminars, peer networks, mentoring and other entrepreneurship learning opportunities)
- access to regional business and investment networks and resources
Who is eligible
You can apply if you’re:
- a technology or innovation-based entrepreneur, between 18 -29 years old, with an incorporated startup based in Ontario, including 1 linked to – or based in — an Ontario college or university
- a student or recent graduate affiliated with a Campus-Linked Accelerator or participating in on-campus entrepreneurship activities
- free to use or develop your startup’s intellectual property with no third-party rights
- not a previous recipient of Ontario Centres of Excellence funding (e.g., SmartStart, Voucher for Commercialization or Market Readiness Phase 1, 2 or 3)
- a Canadian citizen or permanent resident with:
- a viable business plan
- an aptitude for entrepreneurship
- a commitment to growing an Ontario-based company
How to apply
You need to apply through the Ontario Centres of Excellence.
Their Business Development Managers are available to help you with your application.
Updated: November 01, 2022
Published: April 24, 2014