Amount:

 No Fixed Amount

Type of Program:

Grant


Description:

The Synapse Competition is Ontario's premier life science pitch competition and is dedicated to fostering the commercialization of innovation in the life science sector. Delivered by Innovation Factory, in collaboration with the Synapse Consortium, this competition assists innovators, scientists and researchers to bring their ideas to market, increase revenues, leverage intellectual property, attract investment and create jobs.

Comments on Funding:

Innovator finalists receive training, mentorship, a $5,000 grant and a chance to pitch and compete for up to $50,000 in prizes.


When It Ends:

Closed for 2022

Deadline:

Next deadlines to be determined

Eligibility:

Applicants must be:

  • be early-stage companies, innovators, scientists or researchers with a life sciences product, service or idea;
  • life science companies looking to grow.
  • have a driven, coachable, and collaborative leadership founder/team;
  • be located in Southern Ontario;
  • e companies who are incorporated in Canada or will have completed incorporation by December 31, 2021;
  • not have been placed in the top 10 at a previous LiONS LAIR, or placed in the top 3 at a previous Synapse Competition;
  • be an upper-year college/university student, Masters-level, Ph.D. student, or a recent graduate, with experience in business, engineering, science, or commercialization and interested in partnering with an innovator to help commercialize their idea.

Applications Steps:

The competition has 4 phases:

1

Applicants will complete a short application and finalists will be notified in December of their acceptance into the competition. Innovators and students will form teams at our Meet & Greet in January 2022. 

2

Teams will submit a 10-15 page Commercialization Plan and a timeline to market in February, 2022. 

3

Teams will attend training to develop and deliver a 5-minute investor pitch in March 2022.

4

The top-ranked teams will deliver a business pitch, competing for cash and in-kind services on March 23rd, 2022.

Documentation Needed:

Applicants must submit:

  • Submit a short application
  • Submit a Commercialization Plan
  • Deliver an investor pitch.

Other Things to Note:

Applications are closed for the 2022 Synapse Pitch Competition.

Testimonials:

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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