The Forge, McMaster University – The Forge Business Incubator

Description:

The Forge is a business incubator funded by McMaster University, serving novel and scalable startups in the Hamilton, Greater Toronto and Niagara Regions. Launched in 2015, The Forge works hands-on with entrepreneurs to develop their business ideas from ideation and validation to growth. The Forge is sector agnostic and offers cohort-based programming.

Comments on Funding:

No funding involved.

Eligibility:

Applicants must:

  • be early-stage startups;
  • be past the business idea stage and must have started gaining traction by launching their startup to the market or have developed a prototype. 

Full-time founders based in Hamilton are preferred but all applicants are welcome. Alumni of this program include software, hardware, IoT, medical devices, healthcare IT, life sciences, advanced manufacturing, and consumer products companies. 

Applications Steps:

Based on the results of the interview process, The Forge will select 5 companies to join the new cohort.

Documentation Needed:

Applicants must submit their application including a pitch deck as a PDF.  

Other Things to Note:

  1. So far 233 companies have been through The Forge Business Incubator program; together they have raised over $36M and are selling products in 50 countries.
  2. Clients receive expert mentorship, non-dilutive seed funding, investor introductions, office space*, entrepreneurial workshops, access to a well-equipped makerspace and numerous services to ensure success. We do not take equity in the startups we support. During the COVID-19 pandemic our programming has been running virtually.
  3. They accept three Business Incubator cohorts numerous times per year. 

Testimonials:

“EMN wouldn’t be around without the support of The Forge. This is a model that helps entrepreneurs learn quickly, build confidence, and network with other entrepreneurs who are also in the trenches.”

Eric ZimmermanCEO of Enhanced Medical Nutrition Inc.

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