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Two new Ontario Centres of Excellence fellowships support province’s young entrepreneurs

September 30, 2013

TORONTO, Sept. 30, 2013 – Ontario Centres of Excellence (OCE) today launched two new fellowships that will help young entrepreneurs turn innovative ideas into burgeoning businesses.

OCE’s new Entrepreneurship Fellowship Programs will support up to 20 Ontario post-secondary students or recent graduates (within the last three years) in contributing to the province’s economic well being.

“We are proud to be enhancing our support for young entrepreneurs through these new fellowships,” says Dr. Tom Corr, President and CEO of OCE. “With our support, more students and recent graduates will have access to the financial support which will help them succeed.”

These new fellowships – one in partnership with the Canadian Youth Business Foundation and the other specifically focused on social sciences and humanities – join OCE’s established fellowships all of which support young entrepreneurs.

“OCE’s fellowships are a critical part of our strategy to ensure that Ontario’s young people have the support they need to become tomorrow’s leaders in an innovative economy,” said Reza Moridi, Minister of Research and Innovation. “These new fellowships allow us to continue making important investments in the future of our province.”

The new fellowships are:

  • The CYBF-OCE Entrepreneurship Fellowship through which up to 10 projects would receive up to $95,000 each over two years. A $50,000 OCE grant plus mentorship from CYBF would make up the first year award with one of two CYBF loan options (for $15,000 or $45,000) available in the second year. The program is open to a variety of business types in preparing for follow-on funding. Applicants must meet the eligibility criteria of both OCE and CYBF to qualify.
  • The OCE Social Entrepreneurship Fellowship which will provide $50,000 for one year to as many as 10 entrepreneurial scholars and researchers in social sciences and humanities research to support knowledge mobilization activities such as networking, disseminating, exchanging and co-creating research-based knowledge in Ontario. OCE would provide up to $25,000 with an additional $25,000 available through the Social Sciences and Humanities Research Council’s (SSHRC) Connection Grant. Applicants must meet the eligibility criteria of both OCE and SSHRC to qualify.

OCE currently offers fellowships in the areas of IP commercialization, energy and neuroscience.

View full details of these programs and other OCE fellowships.

 

About Ontario Centres of Excellence (OCE) Inc.

Ontario Centres of Excellence (OCE) drives the commercialization of cutting-edge research across key market sectors to build the economy of tomorrow and secure Ontario’s global competitiveness. In doing this, OCE fosters the training and development of the next generation of innovators and entrepreneurs and is a key partner with Ontario’s industry, universities, colleges, research hospitals, investors and government ministries. A champion of leading-edge technologies, best practices and research, OCE invests in sectors such as advanced health, information and communications technology, digital media, advanced materials and manufacturing, agri-food, aerospace, transportation, energy, and the environment including water and mining. OCE is a key partner in delivering Ontario’s Innovation Agenda as a member of the province’s Ontario Network of Entrepreneurs (ONE). Funded by the Government of Ontario, the ONE is made up of regional and sector-focused organizations and helps Ontario-based entrepreneurs and industry rapidly grow their company and create jobs. For more information visit www.onebusiness.ca 

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Media contact:
Stuart Green
Manager, Media Relations
416-861-1092 x 1022
stuart.green@oce-ontario.org