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Fixing the funding paradox: situation analysisGraham-45X64.jpg
Posted by Ian Graham

What is funding available today? Here are the sources of innovation funding that I am aware of available to early stage entrepreneurs in Ontario and more specifically Ottawa. I intend to be highly Blogmatic in my assessment of these opportunities and the information presented is to the best of my knowledge. If you are familiar with these sources of innovation funding please feel free to correct any misconceptions I may have. Let's start with the level of funding closest to the Ottawa entrepreneur.
OCRI I have heard through the grapevine has a fund called the Globalization Fund. If this is true, it is one of the best kept secrets in Ottawa. Who gets funding? How do you apply? Does the fund actually exist or not? Inquiring minds want to know.
Investment Accelerator Fund (Ministry of Research and Innovation Ontario)The investment Accelerator fund was originally targeted at Universities only but has recently been opened up to the private sector. This is a $29M fund over an unknown amount of time. The payload of each grant is $250k to $500k which is ideal. The challenge with this fund is that if you do the math there are 58 - 116 available for the entire province. The probability of success is roughly 2% for an application. This is a step in the right direction but significantly underfunded. If you are looking for funding it is worth a shot. Click here to read more of Ian's blog.

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