ventureLAB – Hardware Catalyst Initiative
Work with Pocketed to maximize program funding
Purpose: ventureLAB’s Hardware Catalyst Initiative is Canada’s only lab and incubator for founders building hardware and semiconductor-focused products, enabling the creation of transformative technologies that will power our products of tomorrow — including healthcare technology, consumer electronics, telecommunications, smart energy, connected transportation, and more.
- Funded in part by the Government of Canada, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), the Hardware Catalyst Initiative helps tech companies accelerate their time to market in a sector that normally incurs lengthy entry and scale times, enabling Canadian hardware and semiconductor companies to grow and scale locally, and compete globally.
Program Highlights
Funding Amount
Issuer
Program Type
Deadline
Amount Varies
ventureLAB
Other
Open Until Filled
Program Highlights
Funding Amount
Amount Varies
Issuer
ventureLAB
Program Type
Other
Deadline
Open Until Filled
AgriCommunication Program
ventureLAB – Hardware Catalyst Initiative
Company Requirements
- Company was founded within 5 years immediately preceding the application
- Company earned less than $5M in revenue in last 12 months
- Directly involved in the development of a novel electronic product involving advanced elements such as a custom semiconductor, sensor, silicon-based IP or embedded system hardware
- Has customer engagement that validates the need and demonstrates that the team can attract and work with customers
- Company is incorporated in Canada
- Has a CRA business number
- Has 99 or fewer employees
- Has a co-founding team (of at least 2 or more) capable of product development, customer acquisition, and investment acquisition
- If located in Canada, but not in Southern Ontario, company has plans to establish a long-term presence in Southern Ontario
- If a Canadian Corporation, all IP developed through the program will be assigned to the Company.
- If a foreign-controlled company, a Canadian entity in Southern Ontario must be established prior to commencing the program, and all IP developed through the program must be assigned to the Canadian entity
