Life Sciences Innovation Fund

Receive up to $500,000 in Life Science Innovation Funding

The Life Sciences Innovation Fund (LSIF) supports the process of moving innovative and capital-intensive investment projects from a concept stage to commercialization. Target applicants will be early-stage companies in life sciences and healthcare tech sectors.

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Life Sciences Innovation Fund

Amount of Funding

Successful applicants for this program may receive up to $500,000 in funding support for early stage risk capital to scale made-in-Ontario health solutions.

Amount of Funding from the Canadian Government

Life Sciences Innovation Fund

Eligible Applicants

Applicants may be eligible for funding through the Life Sciences Innovation Fund if they meet these eligibility criteria:

  • Operations are headquartered and mostly based out of Ontario;
  • Company headcount must be >50% at time of application and located in Ontario;
  • Incorporated for less than five years; and
  • Must be an early-stage company with competitive intellectual property from the conceptual stage through to commercialization.
Eligible Applicants for Canadian Government Funding

Life Sciences Innovation Fund

Eligible Activities

Project activities may be eligible if they:

  • Transition innovative and capital-intensive investments from concept stage to commercialization within Life Sciences and Healthcare Technologies;
  • Strengthening key areas such as cancer treatment, regenerative medicine, neuroscience, and medical technologies;
  • Must have raised less than $3 million from third-party capital; and
  • Aim to raise Pre-Seed and Seed investments ranging from $1 to $5 million.
Eligible Expenses for Canadian Government Funding

Life Sciences Innovation Fund

Program Deadline

Applications are currently open for the Life Sciences Innovation Fund program.

Program Deadline for Canadian Government Funding
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