This guide for business owners covers current Innovation Factory funding programs, including seed funding, matching fund, and other types of financing for entrepreneurs.
This is our dedicated “hub” page for Innovation Factory funding programs. We’ll continuously update this page to reflect changes in programs – so bookmark this page and check back often for updates!
Innovation Factory Mandate
The Innovation Factory is a business accelerator, dedicated to helping Ontario-based businesses launch, scale, and succeed. It provides start-ups, and scaling companies with advisory services, training, mentorship, and strategic connections to help bring disruptive technologies to market, leverage intellectual property, increase revenues, attract investment and create jobs.
Types of Funding Innovation Factory Offers
The Innovation Factory offers financial incentives, including seed fund, matching fund and more.
Innovation Factory Funding Programs
Below are the links to the Organization’s financial incentives:
- I.D.E.A. Fund
- SOPHIE Commercialization Projects (In partnership with SYNAPSE Consortium)
- HEALTHI Program (In partnership with SYNAPSE Consortium)
- SYNAPSE Life Science Pitch Competition (In partnership with SYNAPSE Consortium)
- LIONS LAIR Pitch Competition (In partnership with SYNAPSE Consortium)
- Tutorial and On-demand Video Modules (no funding)
OAC offers programs that fall under the following categories:
Below are links to OAC’s grants under each category:
Eligible applicants for any grant can also apply for the Accessibility Fund: Project Support. The program provides supplementary funds to Deaf- and disability-identifying project grant recipients to help them remove barriers to accessibility they may face while completing their OAC-funded project.