New SmartStart Seed Fund Program

Cornwall Ontario – FedDev Ontario has recently announced The SmartStart Seed Fund Program which supports new ventures led by Ontario’s next generation of entrepreneurs.

SmartStart Seed Fund

The program will help transition start-ups from product development, to market entry and company building. The program provides seed funding and support for entrepreneurship skills training and professional advisory services to for-profit start-ups that are based in Southern Ontario and are less than four years old, helping them grow their start-up and make them investment and customer-ready.

The SmartStart Seed Program offers up to $30,000 including up to $7,500 for entrepreneurship skills training and professional advisory services within the seed funding amount.

For this program a Start Up Company is

  • A for-profit, incorporated for up to four years and must be based in South Ontario.
  • Has less than $250,000 in revenue and/or investment combined
  • Endorsed by a Regional Innovation Centre (RIC), OCE-supported Campus-Linked Accelerator (CLA)or OCE-supported On-Campus Entrepreneurship Activities (OCEA) program recipient.
  • Actively engaged (for a minimum of four months within the past 12 months) and/or recently accepted into a program involving a selection process (such as an accelerator, a bootcamp/pitch competition winner, recipient of an embedded executive, etc.) with the endorsing RIC, CLA or OCEA

The Deadline to submit an Eligibility Questionnaire is February 1, 2019, 11:59 pm ET

For more information on this program

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