Among various funding opportunities for hiring and training, OCE provides one of the comprehensive programs for young students and entrepreneurs. Ontario Centres of Excellence(OCE) offers different programs intended to help and develop the capacity of research institutions in Ontario. The main goal of OCE’s programs is to assist and encourage technology based start-ups and entrepreneurs an opportunity to invest in research discoveries. OCE also aims to help in drive prosperity and creating jobs and financially support businesses in many different areas. This includes Industry Academic R&D Collaboration, Commercialization, and Entrepreneurship.
Industry-Academic R&D Collaboration
The purpose of this program is to bring academic researchers and industry together towards economical growth in Ontario. It also provides start-up funds in order to help and solve technological challenges in the industry. This could be a collaboration between large companies or start-ups with academic based research institutions such as public universities, research hospitals and colleges.
Funds to support Commercialization
In order for start-up businesses to be successful and grow, commercialization program of Ontario is very important. OCE works with high-skilled entrepreneurs and advanced enterprises to achieve this. The main goal of this program is to accelerate commercialization process of the developed intellectual property(IP) that created from the funds to Canada’s research and academic institutions. Another purpose of this program is to attract and establish a strong link with many venture capital investors. The program supports three areas: Market Readiness, AdvancingHealth Program, and Mind to Market Award
Funding and Educational support for Start-ups and Entrepreneurs
This program has been introduced mainly for young students. In order to help the youth in Ontario, the program educate students and foster entrepreneurship. The main goal of such programs is the improvement and sustainment of the culture of entrepreneurship among youth in different regions in Ontario. This includes development and training of students and providing start-up funds for youth who are really business minded and qualified by academic institutions.
There are a number of on-campus activities that develop entrepreneur skills for the students in different colleges and universities. There are also funds available for Campus-liked Accelerators to post-secondary institutions. Another available fund for start-ups is called Smart Start. This program finances the seeds for growing entrepreneurs and start-ups.
By means of different programs that are offered by the Ontario Centres of Excellence, there is strong possibility of being successful. This is an open gate not only for small businesses but also for students who want to be a successful entrepreneur in the future.Start-ups funds will not be a problem anymore. OCE programs create advancement in the economy through educating and guiding young students in Ontario. Those who want to have funds in running business can contact OCE directly and seeking for advise. The OCE programs give chances to every businessmen and business-minded individuals to establish and grow their own business.
If you have any further questions about eligibility and your specific situation, feel free to contact Kelid™ for helpful advice. If you have a question that you feel can help other people in similar situations, leave a comment below.
[…] must have at least two employees and be in business since two years from the date of application. A start-up, an established business, an industry partner or a department of the government are equally […]