Investing in Business Innovation (IBI)

  • To support the growth of Angel Investment in Southern Ontario, FedDev offers funding for stimulating and leveraging private sector investments to serve the development and commercialization challenges of start-up businesses. The funding will provide support to commercialize new products, practices or processes of start-up businesses to obtain angel or venture capital investments and then to foster further cycles of development. Eligible activities include: capital and employee costs for growth innovation. Such projects are: marketing studies, proof of concept, engineering design, technology development, piloting and demonstration and problem solving.

    • Amount: up to $1M with 33% contribution from government based on a term sheet from an Angel or VC.
    • Timeline: 4 year program. All activities must be completed by March 31, 2014.  This program is no longer taking applications but will reopen late Q4 2013.
    • Eligibility: Registered start-up businesses undertaking commercialization activities in Southern Ontario with term sheet from an Angel or VC investor and under 50 employees.

     Top Investing in Business Innovation (IBI) Resources:

    • IBI Overview Blog:   An overview of the purpose of this government funding Canada late-stage commercialization support program.
    • IBI Eligibility Criteria Blog:   Investing in Business Innovation government grants for small business eligibility including timelines/completion date.
    • IBI Update:   See who has recently received IBI funding and learn more about your business’ opportunity to receive Canadian government funding.




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