business expansion

MaRS Investment Accelerator Fund (IAF)

Description: The Investment Accelerator Fund (IAF) helps accelerate the growth of new technology companies being established in Ontario and positions them for further investment by angels and venture capitalists.

Funding Details: The IAF invests up to $500,000 in early stage companies with no significant revenue or institutional investment.

Eligible Expenditures:

  • Recruitment of team members
  • Business development
  • Product, process or service development towards market entry
  • Implementation of a defined marketing or distribution strategy

Eligibility Requirements: Eligible company that possesses the following attributes:

  • A total addressable market of at least $20 million and a viable plan to penetrate it;
  • Defensible intellectual property and/or a sustainable competitive advantage; and
  • The company is incorporated (or will be incorporated by the time of investment) under the Business Corporations Act or the Canada Business Corporations Act.
  • The company is formed to commercially exploit intellectual property to which it has the unencumbered legal right to use.
  • The company pays 50% or more of its wages, salaries and fees to employees and contractors in Ontario.
  • The company has total revenue of less than $500,000 from the time of its incorporation until the time of investment by the IAF
  • The value of the total tangible assets of the company does not exceed $500,000

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How NorthBridge Will Assist With the MaRS Investment Accelerator Fund and Other Funding Programs

NorthBridge has over 20 years of experience assisting companies with government funding programs. We will:

  • Listen and discuss past, present and future project activities.
  • Research and identify the appropriate and optimal government grant, tax incentive, loans, as well as private financing opportunities.
  • Take a hands-on approach to the application process and address relevant program objectives and criteria.
  • Become an in-house project manager for all types of government funding.
  • Interview the key employees and ask specific questions in order to make the right funding decisions.
  • Assist in writing the application and preparing all supporting documentation.
  • Assist with government reporting requirements.

To arrange for a free, no obligation consultation with one of our government funding experts contact us at: info@northbridgeconsultants.com

More information
Please fill in the following information and a NorthBridge representative will contact you regarding your request.





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