MaRS helps entrepreneurs bring innovative ideas to the marketplace. The range of sectors served include: materials and engineering, clean technology, information technology and health sciences. This funding will be aimed at technological development, human resource recruitment and training, business development and commercialization of the product/service.
- Amount:The Investment Accelerator Fund provides assistance of up to $500k for early stage of technology development and commercialization.The standard terms of IAF repayable loan are an interest rate of prime plus one, and a 5 percent equity position. The standard length is a three year term. MaRS retains’ the option to convert the money.
- Timeline: Assessed on a case-by-case basis. Continuous intake.
- Eligibility: Early stage with truly innovative technologies to bring products and services to market with sustainable competitive advantage.