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Market Readiness Program (OCI)

OCI supports early-stage companies that are raising pre-seed and seed investments.

What Is Market Readiness Program (OCI)?

The Market Readiness Program (MRP) administered by the Ontario Centre of Innovation (OCI) offers funding support to early-stage companies seeking pre-seed and seed investments. It aims to bridge the funding gap, providing financial assistance to innovative startups and enabling them to accelerate growth, increase market readiness, and access the capital necessary for developing and commercializing their ideas, products, or technologies.

Market Readiness Program (OCI) Overview

The Market Readiness Program (MRP) is crucial in supporting early-stage companies by providing funding and resources to accelerate their growth and increase market readiness, addressing the funding challenges often faced during the pre-seed and seed stages. The MRP offers benefits such as co-investment funding, matching investments made by qualified investors, which helps startups access the capital necessary for developing and commercializing innovative ideas.

MRP fosters innovation, stimulates job creation, and drives economic development within Ontario’s startup ecosystem. By supporting early-stage companies, the program attracts and retains entrepreneurial talent, promotes technology commercialization, and enhances the competitiveness of the province’s innovation sector.

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How Much Funding?

Up to 50% to a maximum of $125,000- $250,000

WHO QUALIFIES?

– Companies that have raised less than $1 million in third-party capital
– Incorporated for no more than five years and have principal operations in Ontario
– Currently or previously affiliated with a university, college or research hospital campus linked accelerator or incubator, in Ontario
– Companies with their team/ IP origin at a university, college or research hospital are also eligible, even if not campus affiliated.

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Eligible Activities & Expenditures

– Website development
– Trade shows
– Marketing

  • Directly related project costs (Doesn’t specify)

PROGRAM DEADLINE

Ongoing

Get Expert Advice and Support

Our team will review your application and provide funding recommendations within a few weeks. If your project is approved, you’ll receive funding to cover a portion of eligible project costs.

Ready to take your business to the next level? Contact EVAMAX today to learn more and start your application process.

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Let EVAMAX do the rest.

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