Type of Program:
The Market Readiness Fund supports early-stage technology companies that are at the commercialization stage. Market Readiness is a competitive co-investment fund.
OCI suitability criteria defines staging expectations for the two stages of investment: MR125 and MR250.
Comments on Funding:
There are 2 stages of investment according to applicant's suitability for $125,000 or $250,000 investments.
When It Ends:
first complete an Eligibility and Suitability Questionnaire to indicate their company’s interest in the Market Readiness Co-Investment Fund which is an Expression of Interest form and must include the company's most up-to-date financials and the investor pitch deck;
submit due dilligence documents for internal and external review, if invited. All Market Readiness companies that have been invited to submit due diligence documents are evaluated by the Investment Advisory Committee (IAC), which is comprised of three external (independent subject matter and business) experts.
present to the IAC during a panel review meeting, following submission and internal review of their due diligence documents.
The IAC makes funding recommendations to OCI based on its assessment of the due diligence documents and pitch presentation. The final funding decision rests with OCI through its Internal Review Panel (IRP), which is comprised of senior OCI staff.
Companies who wish to find out more about the Market Readiness Co-Investment Fund or other OCI programs may submit a generic client intake form.
Other Things to Note:
Ontario Centers of Excellence (OCE) changed name to Ontario Centers of Innovation (OCI).