The University of Toronto Early Stage Technology accelerator program (UTEST), is accepting applications from current students or faculty at U of T with an April 17th, 2014 deadline. The program, in partnership with MaRS Innovation funding, has been among one of the most successful incubator programs for startups in Canada.
University of Toronto Early Stage Technology Accelerator Program Background
UTEST is a commercialization support program offered by U of T for burgeoning software startups affiliated with the University. It offers participants $30,000 in funding for startups and a 12-month period where they have full access to office space and mentoring. The UTEST program also feeds into the MaRS Innovation program which allows participants the opportunity to access follow-on funding following the completion of the UTEP program.
UTEST Startup Funding and Support Program Previous Success
UTEST has successfully graduated 11 companies in their first two Cohorts in 2012 and 2013; this includes E-Twenty Development and TrendMD from 2013 and Coursepeer, Crowdmark and Granata Decision Systems from 2012. In an online series by Canadian technology resource BetaKit, UTEST was named one of Canada’s most promising startup accelerators.
UTEST Funding for University of Toronto Startups -Eligibility
Eligible applicants must be students or faculty at the University of Toronto. Students must be currently enrolled or have graduated within two the last two years.
Learn More about this Startup Funding for University of Toronto Students
Follow this link to UTEST’s new website; it offers information about the early-stage incubator, the application process and a link to the application form. You can also address questions to UTEST co-directors Mike Betts or Kurtis Scissions for more information.
Funding for Startups and Service Businesses
Looking for government funding programs for startups and or small to mid-sized businesses in the services sector? While grants and incentives tend to be very limited in this area, there are more opportunities once your organization grows. We’ve identified the top criteria your business needs to meet to access government funding, which you can download for free in our Startup Funding Checklist.