Ontario Centres of Excellence (OCE)/FedDev Ontario: SmartStart Seed Fund

Support in the form of seed financing for Ontario start-up companies to undertake entrepreneurship skills training to help grow their businesses and make them customer- and investor-ready. The program provides seed funding in the amount of $30,000 (youth streams can be awarded up to $60,000 – one or more founders age 18 to 29). For non-youth streams, funding must be 100% matched by arm’s length, third-party investment and/or customer sales. Funding is also provided for entrepreneurship skills training and professional advisory ($7,500) and to attend OCE’sĀ Founder’s Forum event ($2,500). Companies must be endorsed by a Campus Linked Accelerator, Regional Innovation Centre, or On-Campus Entrepreneurship Activities Accelerator.