The Martin Walmsley Fellowship supports the commercialization of Ontario-based academic intellectual property by allowing a master's, PhD or post-doctoral fellow, graduate student or recent graduate within the last three years to create an innovative start-up with the potential sustainable economic impact in the province. The innovation must be based on science, technology or advanced engineering design. The $50,000-a-year award gives a new entrepreneur the financial resources to focus entirely on making their ideas a viable business. The Fellowship honours the original vision of Dr. Martin Walmsley in developing new innovative institutional structures, the Ontario Centres of Excellence, dedicated to stimulating advanced research and development leading to wealth creation in areas strategic to Ontario.
How Funding Works
Awardees receive $50,000 per year for two years, dependent on an annual review. On an exception basis, a one-year fellowship may be awarded. The second year of the Fellowship is subject to review by OCE. The review requires revised business plan, progress against the milestones in the original business plan and evidence of networking with the business and scientific communities.
- The applicant must be a master's, PhD or post-doctoral fellow, graduate student or recent graduate within the last three years from an Ontario publicly funded research institution (university or hospital).
- The business venture must be commercializing innovation from an OCE-supported project developed in an Ontario publicly funded institution.
- The applicant must work with an OCE Business Development Manager.
- The applicant must be a Canadian Citizen or Permanent Resident and committed to founding an Ontario company.
- The applicant/start-up must be pre-revenue and pre- investment.
- The Fellowship must be the sole occupation of the recipient once the award is accepted.
- Individuals must not hold another Entrepreneurship Fellowship (OCE/Non-OCE).
- Fellows must be willing to co-operate in providing outcome metrics to OCE, as required.
When applicable, the successful applicant will have convinced the host institution that he or she should be provided with essentially all of the rights and privileges of a junior researcher of post-doctoral rank in the institution where the subject research was, or development is to be, performed. Under normal circumstances, the former research supervisor will be expected to act as a scientific adviser. In addition there will be ongoing mentorship from appropriate OCE staff. It will be the responsibility of the Fellow to develop a plan and timetable for regular meetings with these mentors. The academic supervisor and institution need to support the application.
How to apply See information on how to apply for this program
Closure date for applications and videos
August 6, 2013 |
OCE selects the top applicants for the External Project Advisory Panel (EPAP)
||Week of August 26, 2013 |
OCE notifies applicants
||Week of August 26, 2013 |
Final applications from selected applicants
||Week of September 2, 2013 |
Application package to EPAP
Week of September 2, 2013 |
Finalist presentations to EPAP
||September 16, 2013 |
Letters to the Fellowship applicants and winners
Week of September 16, 2013 |
Winner’s interview and photo shoot before OCE AGM
September/October (date TBC)
Winner announced at OCE AGM
October 29, 2013 |
For more information about the Martin Walmsley Fellowship for Entrepreneurship, please contact:
Tel: (416) 861-1092 x1037
Tel: (613) 726-3430 x4279