OCI Market Readiness Program – Ontario Centre of Innovation (OCI)
Receive up to $250,000 in Grant Funding.
The Market Readiness Program supports academic spin-off companies, OCI accelerator (CLA/OCIA) graduates, and SmartStart Seed Fund awardees with Ontario government grants to further their early-stage commercialization and support scalable business growth. The program offsets a portion of costs related to customer creation and company-building activities. The funding helps to reduce the risk of other investment opportunities and helps attract additional private investments.
OCI Market Readiness Program
Amount of Funding
Successful applicants may receive the following:
- Up to $250,000 in funding support;
- Investments may be used for a runway of up to 12 months; and
- Funding available is company already has a pre-seed or seed round funding raised.
![Amount of Funding from the Canadian Government](https://www.mentorworks.ca/wp-content/uploads/2020/12/Amount-of-Funding.png)
OCI Market Readiness Program
Eligible Applicants
Companies must fit the following criteria to be eligible:
- Have advanced growth and sales strategy which is able to demonstrate repeatable traction in the market;
- Has potential to redefine a market;
- Should have a 2-4 year business model; and
- Have milestones driving a seed-extension or Series A round in the near future (1-2 years).
![Eligible Applicants for Canadian Government Funding](https://www.mentorworks.ca/wp-content/uploads/2020/12/Eligible-Applicants.png)
OCI Market Readiness Program
Eligible Activities
Eligible Activities may be:
Customer Creation: Funding to develop a scalable sales processes or,
Company Building Program: Sustainable business model development activities.
![Eligible Expenses for Canadian Government Funding](https://www.mentorworks.ca/wp-content/uploads/2020/12/Eligible-Expenses.png)
OCI Market Readiness Program
Program Deadline
Continuous intake; applicant must have engaged in an OCI-supported accelerator or entrepreneurship activities within the last 3 years for at least 4 months.
![Program Deadline for Canadian Government Funding](https://www.mentorworks.ca/wp-content/uploads/2020/12/Program-Deadline.png)
OCI Market Readiness Program News
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