Life Sciences Innovation Fund
At a glance
- Max. $500,000
- Open Date : January 26, 2023
- Professional, scientific and technical services
- Health care and social assistance
- Ontario Centre of Innovation
Overview
Eligibility criteria
The Life Sciences Innovation Fund (LSIF) provides early-stage co-investment for companies in Life Sciences and Healthcare Technologies related to human health. Eligible companies must be Ontario or Canadian incorporated for-profit companies headquartered in Ontario and currently raising pre-seed or seed investments.
- Ontario or Canadian incorporated for-profit companies headquartered in Ontario
- Currently raising a pre-seed or seed investments (total round sizes ranging from $1 million to $5 million)
- Have raised less than $3 million in third-party capital
Who is eligible
The Life Sciences Innovation Fund (LSIF) is open to Ontario or Canadian incorporated for-profit companies headquartered in Ontario that are currently raising pre-seed or seed investments, with total round sizes ranging from $1 million to $5 million, and have raised less than $3 million in third-party capital.
- Ontario or Canadian incorporated for-profit companies
- Headquartered in Ontario
- Currently raising pre-seed or seed investments
- Total round sizes ranging from $1 million to $5 million
- Have raised less than $3 million in third-party capital
Eligible expenses
There are eligible expenses for this grant, including operating costs related to product development, research expenses, and commercialization activities.
- Operating costs for product development
- Research expenses
- Commercialization activities
Eligible projects & activities
There are several projects and activities eligible for the Life Sciences Innovation Fund grant:
- Developing innovative healthcare technologies related to human health
- Advancing cancer treatment solutions
- Exploring regenerative medicine applications
- Pioneering neuroscience advancements
- Creating cutting-edge medical technologies
Evaluation & selection criteria
There are evaluation and selection criteria for the Life Sciences Innovation Fund (LSIF).
- Companies must be Ontario or Canadian incorporated for-profit entities headquartered in Ontario.
- Currently raising pre-seed or seed investments with total round sizes ranging from $1 million to $5 million.
- Have raised less than $3 million in third-party capital.
How to apply
- Step 1: Express Your Interest
- Fill out the interest form on the LSIF webpage.
- Submission implies intent to explore funding opportunities for your business.
- Step 2: Review Fund Guidelines
- Download and review the fund guidelines document from the LSIF webpage.
- Understand the eligibility criteria, investment parameters, and application process.
- Step 3: Contact an Investment Lead
- Email Mandhir Kalia (mkalia(at)oc-innovation(dot)ca) or Sharon Sukhdeo (ssukhdeo(at)oc-innovation(dot)ca) for more information.
- Discuss your business and funding needs with an investment lead for guidance.