Life Sciences Innovation Fund

Receive up to $500,000 in Life Science Innovation Funding

The Life Sciences Innovation Fund (LSIF) supports the process of moving innovative and capital-intensive investment projects from a concept stage to commercialization. Target applicants will be early-stage companies in life sciences and healthcare tech sectors.

Funding Amount

Receive up to a maximum support of $500,000 in early stage risk capital to scale made-in-Ontario health solutions.

Eligible Applicants

Must be headquartered and predominantly located within Ontario and incorporated for no more than five years. Moreover, should be an early-stage company with competitive intellectual property from concept stage to commercialization.

Eligible Activities

Projects may be considered if they transition innovative and capital-intensive investments from concept stage to commercialization within Life Sciences and Healthcare Technologies.

Deadline to Apply

Applications are currently open for this program.

Apply Now

Mentor Works Government Funding Application Success Rate

Demande de Financement

Donnez à votre demande les meilleures chances d’être approuvée. Ryan a un taux d’approbation de 86 % pour tous les programmes de financement canadiens.

Life Sciences Innovation Fund

Amount of Funding

Successful applicants for this program may receive up to $500,000 in funding support for early stage risk capital to scale made-in-Ontario health solutions.

Life Sciences Innovation Fund

Eligible Applicants

Applicants may be eligible for funding through the Life Sciences Innovation Fund if they meet these eligibility criteria:

Operations are headquartered and mostly based out of Ontario;
Company headcount must be >50% at time of application and located in Ontario;
Incorporated for less than five years; and
Must be an early-stage company with competitive intellectual property from the conceptual stage through to commercialization.

Eligible Applicants for Canadian Government Funding

Life Sciences Innovation Fund

Eligible Activities

Project activities may be eligible if they:

Transition innovative and capital-intensive investments from concept stage to commercialization within Life Sciences and Healthcare Technologies;
Strengthening key areas such as cancer treatment, regenerative medicine, neuroscience, and medical technologies;
Must have raised less than $3 million from third-party capital; and
Aim to raise Pre-Seed and Seed investments ranging from $1 to $5 million.

Eligible Expenses for Canadian Government Funding

Life Sciences Innovation Fund

Program Deadline

Applications are currently open for the Life Sciences Innovation Fund program.

Apply for Government Grants with Mentor Works for Time Savings

Demande de Financement

Nous permettons à nos clients de gagner en moyenne 95 % de temps par rapport aux entreprises qui font leur propre demande de financement.