ventureLAB – Entrepreneurship and Innovation Fund (EIF) – Stream Two: Small Businesses or Entrepreneurs

ByMaurice
  • This program is currently closed.

Description:

Stream Two of the Entrepreneurship and Innovation Fund program provides 7 qualified small businesses and entrepreneurs with $10,000 in funding solutions each to boost productivity and innovation across supply chains by leveraging AI.

Comments on Funding:

$10,000 in funding solutions.

Eligibility:

Applicants must:

  • be small businesses or entrepreneurs;
  • be incorporated and based in Canada;
  • be operational in York Region, actively engaged and/or willing to engage with a York Region innovation partner for at least six months upon being awarded the funds;
  • have a venture size of 1-99 employees, minimum one business and one technical co-founder;
  • have a minimum viable product and/or be at the validation stage with initial customer traction;
  • have a product or solution that is aligned with the challenge areas, and directly or indirectly impacts supply chain management and logistical operations;
  • be a venture that has capabilities in AI, and is currently leveraging AI, or will be able to leverage AI, as a key technology component of their business;
  • be across all industries and sectors.

Other Things to Note:

  1. The Entrepreneurship and Innovation Fund encourages innovation by fully supporting promising early stage start-ups, accelerators, incubators, and community partners. With an contribution of $100,000 from York Region, this fund will support further development in York Region and beyond.
  2. With an annual commitment of $100,000 from York Region until 2023, this fund will support further development of the innovation network in York Region.

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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