Applications for Cohort 2 of the i.d.e.a. Fund program are now open!

By Staff

March 25th, 2023



They call it seed money – the cash needed to get an idea from concept to the point where it can be shown to be financially viable.

The people behind these ideas are almost always young – they have incredible energy and the are very very smart.

But they don’t have any money – the need cash and support from people who have gone down this road and succeeded.

That’s where the federal government (Ontario also has similar programs.)

With funding from Federal Economic Development Agency for Southern Ontario, six Regional Innovation Centres, including Haltech, have combined efforts to offer selected businesses the opportunity to re-work their products, services, processes and technologies to focus on reducing impact on the environment. This includes mentorship support to grow and accelerate their business.

If you’re an incorporated business located in southern Ontario, with high growth potential, and have fewer than 500 employees, you might qualify.

What can your business receive if you are selected?

Seed Funding & Support

• Non-repayable seed funding of up to $30,000 with matching funds
• Up to 40 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:

Having access to people who have been down the road you are about to go down is essential.

• 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

Who can Apply?

We’re looking for 120 companies that are:

• High potential businesses that have growth potential
• Committed to reducing their impact on the environment by developing new or redesigning:
• Products
• Services
• Processes
• Technologies

Learn More & Apply

The numbers are important – you want access to someone who has the experience you do not yet have.

The first cohort of this program concluded on February 28, 2023. Cohort 2 will begin in June 2023 and continues to December 31, 2023.

If you’re unsure of your eligibility, consult the i.d.e.a. Fund Program Guide for full selection criteria.

Still not sure if your company is a fit?
Join us for any one of three info sessions

Info Session 1
March 28 | 3:30 – 5:00 p.m.

Register Here

Info Session 2
April 5 | 8:30 – 10:00 a.m.

Register Here

Info Session 3
April 13 | 12:00 – 1:30 p.m.

Register Here

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