Investing in Business Innovation for NFPs and Angel Networks

Amount: up to $500,000 for Angel Networks and up to $20,000,000 for NFPs

Eligibility Criteria

• Incorporated not-for-profit organizations such as Regional Innovation Centres, incubators, accelerators, angel networks and Community Futures Development Corporations (CFDCs) located in southern Ontario are eligible to apply for projects related to providing skills development, education, and seed financing to new entrepreneurs and businesses to help them to be investment ready.
• Incorporated not-for-profit network organizations representing angel investors in southern Ontario and located in southern Ontario.

Cost Covered

• Business and market development skills programs;
• Early-stage business development programs; and
• Seed financing programs and support.
• Activities of Eligible Angel Investor Networks to attract more investment and increase the efficiency and effectiveness of investment in innovative, high-growth potential start-up businesses. Areas of focus may include:
  • Outreach;
  • Building capacity;
  • Providing mentorship;
  • Education and resource development; and
  • Coordination and convening.