ventureLAB – Hardware Catalyst Initiative (HCI)

ByMaurice

Description:

The Hardware Catalyst Initiative is Canada’s first hardware and silicon-focused lab and incubator. This competitive program supports companies building hardware and semiconductor-focused products, enabling enabling the creation of transformative technologies that will power our products of tomorrow — including healthcare technology, consumer electronics, telecommunications, smart energy, connected transportation, and more.

Comments on Funding:

No Funding involved.

Eligibility:

Applicants must:

  • be companies founded within 5 years immediately preceding the application;
  • be companies that have earned less than $5M in revenue in last 12 months;
  • have developed or be developing a novel semiconductor, sensor, silicon-based IP or an embedded system hardware product;
  • have customer engagement that validates the need and demonstrates that the team can attract and work with customers;
  • be companies incorporated in Canada;
  • have a CRA business number;
  • have 99 or fewer employees; preferably a co-founding team (of at least 2 or more) capable of product development, customer acquisition, and investment acquisition;
  • be located in Southern Ontario or have plans to establish a long-term presence in Southern Ontario.

Other Things to Note:

  1. ventureLAB is a leading technology hub located in Markham in York Region, Canada’s second largest tech cluster.
  2. Applications are now closed for 2022. Subscribe to the ventureLAB Newsletter below to learn about the next open cohort call! If you have any questions in the meantime, please reach out to hci@venturelab.ca .

Program Contact:

ventureLAB

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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