Maurice
Posted: February 4, 2022
  • This program is currently closed.

Amount:

$15,000

Type of Program:

Grant


Description:

The DMZ Sandbox Student Grant Program (the “Grant”) provides funding to eligible Ryerson students and student-led startups to allow them to develop their ideas. It aims to support innovative projects and initiatives that are positively impacting the economy and society.

Comments on Funding:

Projects of all diferent sizes and stages of development will be considered. The grants are available in a series of stages, with the following amounts available to eligible applicants at each stage:

  • Stage 1: up to $5,000 for 12 months
  • Stage 2: up to $10,000 for 18 months
  • Stage 3: up to $15,000 for 24 months

When It Ends:

Closed for 2020

Deadline:

2021 deadlines to be announced

Eligibility:

  • Ryerson undergraduate and graduate students registered in a full-time degree-granting academic program, or a recent (up to eight months after the date of graduation) Ryerson graduate from a full-time undergraduate or graduate program. 
  • The Ryerson student or recent alumni applying must have at least a 25% stake in the company/solution/idea either as an inventor or founder.
  • Co-inventors, or co-founders must have the permission of their co-inventors/co-founders to apply and must demonstrate this permission through the inclusion of a letter of support for the application signed by the co-inventor/co-founders.
  • The company/solution/idea must not have previously received more than $60,000 in total funding (through investment, financing, prizes or grant programs).
    each one of the stages has additional selection criteria.

Applications Steps:

1

Eligible applicants can apply online via an application form found at dmz.to/student grant.

2

Applicants must describe their business/venture, product/service concept, market opportunity and a timeline of milestones they set out to achieve.

3

Applications will be assessed by a committee that is comprised of individuals from the Ryerson Zone Network and, where necessary, subject matter experts

Documentation Needed:

Applications will be assessed against the following criteria:

  • The Opportunity - 30%
  • Market Research and Customer Discovery/Validation - 30%
  • Strength of the Applicant/Team - 20%
  • Project Plan and Milestones - 20%

Other Things to Note:

No information since 2020. "Applications for Summer 2020 to be released late March! In the meantime, feel free to include your email address and the DMZ team will email you when applications open."

About the author 

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe's background and how he can help your business.

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