Market Readiness directly funds early-stage commercialization by start-up companies to support their growth into scalable businesses. It 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 is intended to de-risk the opportunity and assist the company to attract the private investment and other funding they need to grow.
This program is designed to support early-stage companies that:
- Are an academic spin-out created for the purpose of commercializing IP resulting from research conducted in an Ontario-based academic institution (university, college and/or research hospital), or a company which is based at and actively engaged with an OCE- supported Campus-Linked Accelerator (CLA), and;
- Are less than three years old, and;
- Have not exceeded predefined thresholds for recurring revenue and/or third party investment
Applications to this program are accepted on a continuous basis.
More details on the Market Readiness Program.