Through its Market Readiness Program, Ontario Centres of Excellence (OCE) invests directly in companies to further their early stage commercialization and support their growth into a scalable business. The program supports companies in both the Customer Creation and Company Building stages of the Customer Development Model, as defined by Lean Start-up principles. The OCE investment de-risks other investment opportunities and helps the company attract the private investment and other funding it needs to grow.
This program is designed to support early-stage companies that:
- Are either (1) an academic spin-off that was created for the purpose of commercializing IP resulting from research conducted in an Ontario-based academic institution (university, college and/or research hospital), or (2) based at and actively engaged with an OCE-supported Campus-Linked Accelerator (CLA),
- Were incorporated fewer than three years ago, when applying for the Customer Creation stage, or fewer than five years ago when applying for the Company Building stage, and,
- Have not exceeded predefined thresholds for recurring revenue and/or arm’s-length third- party investment.
In the case of companies based at and actively engaged with an OCE-supported CLA, it is expected that at least one of the company founders/key members of the management team is a current student or recent graduate (within five years) of a post-secondary institution.
Applications to this program are accepted on a continuous basis.
More details on the Market Readiness Program.