Amount:

$100,000

Type of Program:

Investment


Description:

The UTEST Program provides support to University of Toronto entrepreneurs to create research based companies. It provides companies with investment capital, mentoring, business strategy and incubation space at the University of Toronto St. George Campus.

Comments on Funding:

Funding is up to $150,000 in selected companies. The UTEST investment is in the form of a SAFE.
It also provides access to follow-on investment of up to $500,000 through TIAP.


When It Ends:

Intake opens in April 2022

Deadline:

Early June, 2022

Eligibility:

Applicants must:

  • Be startup companies based on technologies
  • have one or more founders affiliated with the University of Toronto (students, faculty members, recent graduates - within 2 years, UofT-affiliated hospitals since 2020),
  • have disruptive and protectable Intellectual Property;
  • have created research, technology and/or innovations at the University of Toronto and disclosed to the Innovations and Partnerships Office as per the University of Toronto Inventions Policy.

Since 2020 UTEST has accepted applications from UofT-affiliated hospitals. Please ensure an invention disclosure form has been submitted to your host institution’s technology transfer office and they are aware of the UTEST application.

Other Things to Note:

The program starts in June and ends in December of each year. From June to mid-September, there is a time commitment of 6 hours per week for entrepreneurship training. The UTEST team is available throughout the program for informal meetings.

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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