Maurice
Posted: February 11, 2022

Amount:

No Fixed Amount

Type of Program:

Investment


Description:

Every month, 4 companies are shortlisted to meet with the Investment Review Committee (IRC). 2 out of 4 companies are selected by the IRC to pitch to the MLA membership network at a monthly Investment Meeting.

Comments on Funding:

MLA48 funding is up to $150,000 per company with up to $200k reserved for follow-on, and there are some parameters to meet.
The MLA48 Fund can invest $150k into a company within 48 hours from the time of a company’s formal pitch to the Investment Committee. Collectively, their members look to invest between $250,000 AND $1,000,000 in each opportunity.


When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must:

  • be seed and early stage technology companies;
  • have two or more co-founders;
  • have a maximum valuation of $3 Million CAD;
  • provide investors Information Rights, Pro-rata rights, Board seat.
  • MLA investors want to get to know the applicants to ensure that there is a mutual fit – even better if applicants come referred to them. 

Applications Steps:

1

Applicants must create an Gust account to begin their application.

Other Things to Note:

All companies will be considered for investment from the broader angel investor network and the MLA48 Fund – there is no need for a separate application.

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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