NORCAT
Capital Services
There is no denying the importance of capital to help you start and accelerate the growth of your business. However, understanding the amount, the type, and the timing for capital is imperative.
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NORCAT will help you navigate and understand the complex capital landscape and how the nuances, stage, and sector of your business will determine the most relevant and realistic capital opportunities for you.
Given the vastness and complexity of the global capital landscape, be it dilutive or non-dilutive capital, we encourage you to do your own research and connect with your mentors to learn about the different funding vehicles in our community and beyond. We have outlined some of the key sources of capital in the NORCAT ecosystem.
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Government Funding Programs
Industrial Research Assistance Program (IRAP)
National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) has been stimulating wealth creation for Canada through technological innovation. This is largely accomplished by providing technology assistance to small and medium-sized enterprises at all stages of the innovation process, to build their innovation capacity.
MaRS Business Acceleration Program (BAP)
The MaRS BAP program offers an array of funding opportunities to Ontario-based, early-stage technology entrepreneurs looking to advance their company to the next level of growth through a strategic, short-term, high impact project. Check in with your NORCAT mentor to learn more.
FedNor
Through its flagship Northern Ontario Development Program, FedNor invests in projects that support community economic development, business growth and competitiveness, and innovation.
Northern Ontario Heritage Fund Corporation (NOHFC)
The Northern Ontario Heritage Fund Corporation (NOHFC) is a crown corporation and development agency of the Ontario government that invests in northern businesses and municipalities through conditional contributions, forgivable performance loans, incentive term loans and loan guarantees.
Ontario Trillium Foundation (OTF)
The Ontario Trillium Foundation's goal is to build healthy and vibrant communities throughout Ontario and to strengthen the capacity of the voluntary sector through investments in community-based initiatives. The foundation offers an array of unique funding opportunities and programs that all social innovation entrepreneurs should explore.
Greater Sudbury Development Corporation (GSDC)
The Greater Sudbury Development Corporation works with community stakeholders to foster civic engagement, cultivate entrepreneurship and stimulate the continuous development of a dynamic and healthy city.
Centre of Excellence in Mining Innovation (CEMI)
The Centre for Excellence in Mining Innovation directs and coordinates step-change innovation in the areas of exploration, deep mining, integrated mine engineering, environment and sustainability for the metal mining industry.
Canadian Mining Industry Research Organization (CAMIRO)
CAMIRO is a not-for-profit organization run by the mining industry to manage collaborative mining research.
To learn more about the many other funding options available, search the Funding Sources Directory by sector and location to quickly find programs applicable to your business.
Investment Capital Opportunities
Investment Capital Opportunities
Investment Accelerator Fund (IAF)
The Investment Accelerator Fund is a seed fund that assists emerging Ontario technology companies to bring their products and services to market. The fund provides a comprehensive platform of resources, people, connections and funding that entrepreneurs and innovators can access to launch their new ventures. The IAF program is managed by MaRS and delivered through the Ontario Network of Entrepreneurs, a collaborative network of organizations across Ontario, designed to help commercialize ideas.
The IAF invests in early stage, privately-held companies with no significant revenue or institutional investment. These companies must demonstrate their potential to achieve high growth and be enabled by truly innovative technologies that can provide the new venture with sustainable competitive advantage. By assisting these companies to succeed, the IAF is helping to create the high-value jobs that contribute to Ontario’s Innovation Agenda.
NORCAT Angels
The NORCAT Angels is a dynamic group of accredited angel investors that evaluates quality deal flow opportunities in the NORCAT entrepreneurial portfolio. Click here to learn more if you are interested in joining the NORCAT angels.
Ontario Emerging Technologies Fund (OETF)
The Ontario Emerging Technologies Fund will co-invest — with qualified venture capital funds and other private investors — directly into companies working within clean technologies, life sciences and advanced health technologies, and digital media and information and communications technologies. A discretionary, non-entitlement investment program, the OETF is a $250-million fund that will commit a maximum of $50-million per year for five years. Investments will be made alongside qualified co-investors into innovative, high-growth Ontario companies.
Business Development Bank Venture Capital
BDC Venture Capital is a major venture capital investor in Canada, active at every stage of the company's development cycle, from seed through expansion, with a focus on innovative technology-based Canadian companies that have high growth potential, offer unique products or services and are positioned to become dominant players in their markets. BDC Venture Capital invests primarily in companies involved in the areas of energy / cleantech, health, information technology, and communications.
OMERS Ventures
OMERS Ventures is the venture capital investment arm of OMERS, one of Canada's largest pension funds with over $55 billion in net assets. It is an initiative of OMERS Strategic Investments (OSI), an investment entity with a mandate to build long-term strategic relationships with like-minded partners. As both an institutional angel investor and a later-stage investor, OMERS Ventures is looking for successful companies with significant growth potential and market opportunities.
Source: http://www.norcat.org/capital-services.html
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