Deadline To Apply: April 18, 2018

Program Details:

The Ontario Scale-Up Vouchers Program is a four-year, $32.4-million initiative funded by Ontario’s Ministry of Economic Development and Growth and the Ministry of Research, Innovation and Science, and delivered through MaRS, Communitech and Invest Ottawa. The program aims to accelerate the growth rate of high-potential Ontario technology- and innovation-based firms into globally competitive firms that drive disproportionate growth in revenue, exports and employment. The program empowers high-potential Ontario technology-based firms with the mindset, networks and resources to achieve exponential growth. The program supports firms in two ways:

  • Growth Coaches—a network of growth coaches with proven functional or sector expertise scaling companies for global growth. Growth coaches will mentor firms by leading a co-creation process to develop “growth plans.” They will introduce firms to valuable networks and guide firms through a voucher application process.
  • Vouchers—Firms can offset up to $1 million in costs in for eligible (direct and indirect) expenses that are relevant to helping firms scale globally by increasing sales, securing and nurturing talent, developing intellectual property and accessing capital. A selection committee comprising industry leaders will award voucher based on pre-defined voucher selection criteria.

Eligibility Criteria:

Ontario-based firms in technology- or innovation-intensive industries with 20 or more employees that fall into one of the following categories:

  • Company with revenue between $5–$25 million plus either:

a. 20% year over year revenue and/or sales growth
b. 20% year over year employee growth

OR

  • Company with less than $25 million in revenue that has also raised $10 million in private capital with either:

a. 20% year over year revenue and/or sales growth
b. 20% year over year employee growth

The Ontario Scale-Up Vouchers Program is working to ensure all technology and innovation firms in Ontario that meet one or more of the above criteria are aware of the program and have an opportunity to apply for a growth coach.

Critical Dates:

2018 Intake & Growth Plan Deadlines

    • January 17, 2018 @ 5:00 PM
    • February 14, 2018 @ 5:00 PM
    • March 21, 2018 @ 5:00 PM
    • April 18, 2018 @ 5:00 PM
    • May 16, 2018 @ 5:00 PM
    • June 20, 2018 @ 5:00 PM
    • July 18, 2018 @ 5:00 PM
    • August 15, 2018 @ 5:00 PM
    • September 19, 2018 @ 5:00 PM
    • October 17, 2018 @ 5:00 PM
    • November 14, 2018 @ 5:00 PM

* Dates are subject to change

2018 Growth Plan Q&A with Selection Committee

  • January 23, 2018
  • March 29, 2018
  • June 21, 2018
  • September 21, 2018
  • December 14, 2018

*Invited companies should be prepared to meet the Selection Committee in person in Toronto for a 20 minute Q&A in sometime between 9:00 AM – 2:00 PM

**Dates are subject to change

Organizer Name: Ontario Scale-Up Vouchers Program
Contact Name: Emily MacIntosh