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Ontario Centre of Innovation

Life Sciences Innovation Fund

The Life Sciences Innovation Fund (LSIF) is an early-stage co-investment fund that supports companies in Life Sciences and Healthcare Technologies sectors related to human health.  The fund is aimed at addressing the unique challenges faced by life sciences entrepreneurs moving innovative and capital-intensive investments from a conceptual stage through to commercialization. Through the fund, OCI co-invests with angel and other investors to help de-risk the opportunity, assisting start-ups in becoming investor and customer ready and allowing them to attract follow-on investment.

Our investments drive Canadian business development, economic growth, and scalable impact across the life sciences and healthcare technologies sectors related to human health.

About the Fund

Eligible companies will receive up to $500,000 in early stage risk capital to scale their made-in-Ontario health solution both at home and in global markets. This will further grow the sector and strengthen its competitiveness in key areas such as cancer treatment, regenerative medicine, neuroscience and medical technologies.

Propelling Ontario-generated IP, talent and expertise into new emerging areas of life sciences


Best suited for life sciences and healthcare technologies companies related to human health that:

  • Are Ontario or Canadian incorporated for-profit companies headquartered in Ontario
  • Currently raising a pre-seed or seed investments (total round sizes ranging from $1 million to $5 million)
  • Have raised less than $3 million in third-party capital

Interest Form

Express your interest and see if LSIF is right for your business.

Fund Guidelines

Learn about eligibility, investment criteria, and more.

LSIF logo, OCI logo and Ontario logo stacked

Contact an Investment Lead

Haytham Keylani
Program Manager
HKeylani@oc-innovation.ca

Mandhir Kalia
Investment Lead
MKalia@oc-innovation.ca

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Digitalization Competence Centre

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Next Generation Network Program (NGNP)

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Ontario Vehicle Innovation Network (OVIN)

The Ontario Vehicle Innovation Network (OVIN) builds upon Ontario’s position as a world-leading automotive manufacturing and supply jurisdiction in addition to the large cluster of information and communication technology companies operating in the province. 

Life Sciences Innovation Fund

The Life Sciences Innovation Fund (LSIF) is an early-stage co-investment fund that supports companies in Life Sciences and Healthcare Technologies sectors related to human health.