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