inclusion | diversity | environment | acceleration
i.d.e.a.™ FUND
inclusion | diversity | environment | acceleration
Driving sustainable and circular economy growth in southern Ontario.
i.d.e.a. Fund is a program that fosters inclusion, diversity, environment and acceleration while driving sustainable and circular economy growth, and is delivered in partnership with the following Ontario Regional Innovation Centres (RICs): Boundless Accelerator™, Innovate Niagara, Innovation Factory, Launch Lab, TechAlliance of Southwestern Ontario, and WEtech Alliance.
This program will provide specialized industry expertise to develop growth plans and related strategies in areas such as talent attraction, raising follow-on investment, product development and quantification of product benefits/market value propositions, commercialization of intellectual property, and market diversification. Each RIC will distribute up to a maximum of $20,000 in matching seed funding to select innovative businesses in various sectors.
The i.d.e.a. Fund will drive sustainable and circular economy growth by accepting high-potential businesses that commit to developing new green products, services, processes, and technologies and/or redesigning existing products, services, processes, and technologies to reduce their environmental impacts.
ABOUT
TARGET CLIENT
Who is this program for?
The RICs have supported over 240 companies in the i.d.e.a. Fund programming. Cohort 3 will support another 72 companies.
Eligible i.d.e.a. Fund companies:
One or two team members of the business’ leadership team are available to participate in the program
The applicant must be an early-stage business or Small to Medium Enterprise (1-499 employees), and the business must be headquartered in Southern Ontario (regions are outlined in Appendix A)
Business must be incorporated (Ontario or federal)
Business owner/founder must be working in the business full-time
Business must have a scalable product or service
One or two team members are available to participate in an online certificate program with the University of Guelph
NOTE: Previous participants cannot participate in future rounds of the i.d.e.a. Fund programming
WHAT TO EXPECT
How does this program work?
Seed Funding & Support
You May Receive:
Non-repayable seed funding of up to $20,000 with matching funds
Up to 30 hours of fully funded, targeted support from business leaders
Expert Help
Our experts have the knowledge and experience to help you address challenges and move your business forward in all areas including:
growth plans and strategies
talent attraction
raising follow-on investment
market diversification
product development
quantification of product benefits
market value propositions
commercialization of intellectual property
Want to learn more?
Register for one of our upcoming virtual information sessions:
September 9, 2024
3:30 to 5:00pm EST
(ASL Interpretation included for first session)*
*a recording of the September 9 information session including ASL Interpretation will is available on www.idea-fund.ca as of September 10, 2024.
FREQUENTLY ASKED QUESTIONS
View our FAQ’s here
Applications for Cohort 3 of i.d.e.a. Fund are open
Sep 8 2024 11:00 PM (EST to September 30, 2024.
For full selection criteria for the past cohorts, consult the i.d.e.a. Fund 2024 Program Guide
Contact Garrett Elliot for more information!
i.d.e.a. Fund Delivery Partners:
This project is funded by the Government of Canada through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).