Ontario Scale-Up Vouchers Program *CLOSED*

*update – now closed*

The Ontario Scale-Up Vouchers Program is a four-year, $32.4-million initiative funded by Ontario’s Ministry of Economic Development, Job Creation and Trade, and delivered through MaRSCommunitech and Invest Ottawa.

The program aims to accelerate the growth rate of high-potential Ontario technology- and innovation-based firms into globally competitive firms that drive disproportionate growth in revenue, exports and employment.

 

How does the program work?

The program empowers high-potential Ontario technology-based firms with the mindset, networks and resources to achieve exponential growth.

The program supports firms in two ways:

  • Growth Coaches—a network of growth coaches with proven functional or sector expertise scaling companies for global growth. Growth coaches will mentor firms by leading a co-creation process to develop “growth plans.” They will introduce firms to valuable networks and guide firms through a voucher application process.
  • Vouchers—Firms can offset up to $1 million in costs in for eligible (direct and indirect) expenses that are relevant to helping firms scale globally by increasing sales, securing and nurturing talent, developing intellectual property and accessing capital. A selection committee comprising industry leaders will award voucher based on pre-defined voucher selection criteria.

Who is eligible to apply?

Ontario-based firms in technology- or innovation-intensive industries with 20 or more employees that fall into one of the following categories:

  • Company with revenue between $5–$25 million plus either:

a. 20% year over year revenue and/or sales growth
b. 20% year over year employee growth

OR

  • Company with less than $25 million in revenue that has also raised $10 million in private capital with either:

a. 20% year over year revenue and/or sales growth
b. 20% year over year employee growth

The Ontario Scale-Up Vouchers Program is working to ensure all technology and innovation firms in Ontario that meet one or more of the above criteria are aware of the program and have an opportunity to apply for a growth coach.

Intake Deadline: June 28th at 5:00 PM

For additional dates and deadlines please contact info@onatrioscaleupprogram.ca

Click the link below to stay up to date with the latest funding incentives and programs: https://lp.constantcontact.com/su/Y9ARp7T

Information sourced from: https://www.ontarioscaleupprogram.ca/about-the-program/