Co-Investment

The onus may be on Angel investors to identify promising start-ups, but governments and industry organizations do recognize that fostering the Angel community only contributes to an increase in prosperity. For this reason, a number of co-investment programs have been established.

Click on any of the icons below to learn more about each organization’s co-investment program.



Federal Economic Development Agency for Southern Ontario (FedDev Ontario) Investing in Business Innovation (IBI) Program

Through FedDev Ontario's IBI program, a one-time non-repayable funding of up to $50,000 may be granted to Angel investor networks to help attract new investors to the network. A non-repayable funding of up to $2 million may be granted to organizations representing southern Ontario Angel networks to support investment attraction activities.

Who is Eligible? (All criteria must be met)

  • Southern Ontario Angel investor networks and organizations that represent Angel investor networks
  • Southern Ontario start-up businesses with less than 50 employees who have a signed draft term sheet from a recognized Angel or venture capital investor

Apply now, or for more information, refer to FedDev Ontario's Investing in Business Innovation Program.

 

MaRS' Investment Accelerator Fund (IAF)

Up to $500,000 may be granted to companies that have the potential to be global leaders in their field and provide sustainable economic benefits to the province of Ontario.

Who is Eligible? (All criteria must be met)

  • Early-stage and investor-backed companies
  • Privately held companies working in life sciences sectors
  • 50% or more of the company's wages, salaries and fees to employees and contractors must be paid to those in Ontario
  • Companies that are incorporated under the Business Corporations Act or the Canada Business Corporations Act
  • Companies that can commercialize intellectual property
Consult the IAF eligibility requirements for further details.
Who is Eligible? (All criteria must be met)
  • Companies focused on medical device, health care information technologies, management for imaging and molecular modeling for pharmaceutical compounds

Apply now, or for more information, refer to MaRS' Investment Accelerator Fund.

 

Ontario Emerging Technologies Fund (OETF)

OETF is a co-investment fund. Co-investments are granted to qualified venture capital funds and other private investors on the same terms and at the same time. The OETF is managed by the Ontario Capital Growth Corporation, an agency of the Ontario Ministry of Economic Development and Innovation.

Who is Eligible? (All criteria must be met)

Companies working in:

  • Clean technologies
  • Life sciences and advanced health technologies
  • Digital media and information and communications technologies.

The fund guidelines were updated on September 1, 2011. If you are not familiar with the updated guidelines, please refer to Update to Ontario Emerging Technologies Fund (OETF) Guidelines to learn about the changes.

Apply now, or for more information, refer to Ontario Emerging Technologies Fund (OETF).

 

Ontario Venture Capital Fund (OVCF)

OVCF is a joint initiative between the Government of Ontario and leading institutional investors.  This fund is structured as a fund of funds with the primary objective of generating attractive returns for its investors.

Who is Eligible? (All Criteria must be met)

  • Primarily in Ontario-based and Ontario-focused venture capital
  • Growth equity funds that support innovative, high growth companies

Search the Fund Finder, or for more information, refer to Ontario Venture Capital Fund (OVCF).

 

 

Ontario Innovation Demonstration Fund (IDF)

IDF is a discretionary, non-entitlement funding program administered by the Ministry of Economic Development and Innovation. The funding potentially available under IDF ranges from a minimum of $100,000 CAD to a maximum of $4,000,000 CAD per project.  However, total government funding, including IDF, cannot exceed 66 percent of the Total Eligible Project Costs.

Who is Eligible? (All Criteria must be met)

  • Applicants must have additional sources of financing for the remaining 50 percent of Eligible Project Costs.
  • Applicants must demonstrate how the venture will provide a competitive advantage for Ontario or other significant benefits (environmental, economical, social, etc.), proof of concept, plans to commercial in Ontario and global markets, and product is best in class.

Apply now, or for more information, refer to Ontario Innovation Demonstration Fund (IDF).

 

National Research Council Canada (NRC) - Industrial Research Assistance Program (IRAP) Research and Technology Development Activities

NRC-IRAP operates on a shared-risk model, providing cost-shared financial assistance for research and development projects that meet both the firm and project assessment criteria.

Who is Eligible? (All criteria must be met)

  • Small and medium-sized enterprises in Canada, incorporated and profit-oriented
  • Businesses that have 500 or less full-time equivalent employees
  • Businesses with an objective to grow and generate profits through development and commercialization of innovative, technology-driven new or improved products, services, or processes in Canada

Apply now, or for more information, refer to NRC-IRAP Research and Technology Development Activities.

Colleges of Ontario Network of Industry Innovation (CONII)

CONII is a network of colleges in Ontario focused on applied research and commercialization expertise. It is an Ontario Network of Excellence (ONE) member, which is a network of regional, sector-focused and provincial not-for-profit organizations. They are experts in growing knowledge-based companies and deliver ONE services and programs in Ontario.

Contact a ONE member, or for more information, refer to Colleges of Ontario Network of Industry Innovation

 

 

National Angel Capital Organization (NACO) member Angel groups from across Canada

NACO is the Canadian industry association for groups, networks, funds and individuals who share the seeds of early-stage Angel investment success. NACO delivers products, forums, workshops and publications that help share the seeds of early-stage Angel investment success among Angels and the companies they invest in. These include: networking opportunities, deal flow, lessons learned, best practices, organizational and co-investment frameworks, informed discussions, public awareness and public policy options

Contact a NACO member, or for more information, refer to the NACO website

 

Angel Capital Association (ACA) member Angel groups from across the United States

ACA is the trade association of leading angel investment groups in North America. Its mission is to support the growth, financial stability and investment success of its member angel groups by sharing best practices and industry data, providing professional development, and promoting group membership, networking and collaboration.

Contact an ACA member, or for more information, refer to the ACA website

 

Canada's Venture Capital & Private Equity Association (CVCA) member funds from across Canada

CVCA represents the majority of private equity companies in Canada, with over 1800 members. CVCA members have over $75 billion in capital under management, in three distinct market segments: buyout, mezzanine and venture capital.

Contact a CVCA member, or for more information, refer to the CVCA website