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Ontario Centre of Innovation

Market Readiness Co‑Investment Fund

Market Readiness (MR) Co-Investment Fund is Ontario’s leading pre-seed investment fund. Through the fund, OCI co-invests with angel and other investors in early-stage Ontario-based start-ups with competitive IP commercializing transformative technologies to support their growth into scalable businesses. This investment de-risks the opportunity, helps the start-up become investor and customer ready, and attracts private sector co-investment and follow-on investment.  

About the Fund

On behalf of the government of Ontario, the Market Readiness Co-Investment Fund supports Ontario-based early-stage technology companies that are raising pre-seed and seed investment rounds. Investments are up to $250,000 and total round sizes range from $500,000 to $2 million. Market Readiness is a competitive co-investment fund, with hundreds of companies considered for funding closing around 20 investments each year. Investment criteria includes a minimum addressable market size of $100M, and private sector co-investment is required. Companies undergo a rigorous due diligence and selection process, and are evaluated on long-term competitiveness, strong IP, unique value proposition, and capacity to scale. To date, OCI has invested in 200+ companies. 

Our investments drive Canadian business development, economic growth, and scalable impact across a variety of technology sectors. 


Best suited for:

  • Intellectual Property from an Ontario-based academic institution or part of a Campus Incubator/accelerator at Academic Institutes (Companies with their team /IP origins at a university (“university spin-out”), college or research hospital are also eligible, even if not campus affiliated.) 
  • Incorporated for no more than five years (Ontario or Canadian for-profit incorporation) and have principal operations in Ontario. 
  • Companies that have raised less than $1 million in third-party capital are eligible for their first MR investment. 
  • OCI supports early-stage companies that are raising pre-seed and seed investments (total round sizes range from $500,000 to $2 million). 

Interest Form

Express your interest and see if Market Readiness is right for your business.

Fund Guidelines

Learn about eligibility, investment criteria, and more.

Contact an Investment Lead

Haytham Keylani
Program Manager
HKeylani@oc-innovation.ca

Mandhir Kalia
Investment Lead
MKalia@oc-innovation.ca

For more information: OCI-Portfolio@oc-innovation.ca

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Other OCI Programs

ENCQOR 5G

ENCQOR 5G (Evolution of Networked Services through a Corridor in Québec and Ontario for Research and Innovation) is a transformational Canada-Québec-Ontario partnership focused on research and innovation in the field of 5G disruptive technologies, on adoption initiatives and system uses. ENCQOR establishes the first Canadian pre-commercial corridor of 5G digital infrastructure — the key to making the digital economy a reality. 

Next Generation Network Program (NGNP)

The Next Generation Network (NGN) Demonstration Program is designed to support Ontario- based small- and medium -sized enterprises (SMEs) to use the CENGN testbed to further develop proof-of-concept or demonstration projects that could lead to new technologies, products, processes and/or services. 

Voucher for Innovation and Productivity (VIP)

The Voucher for Innovation and Productivity (VIP) program helps companies develop, implement and commercialize technical innovations by supporting partnerships between Ontario’s industry and publicly funded post-secondary institutions. VIP projects are intended to generate economic benefit for companies in Ontario (including job creation/retention, new revenue generation, investment attraction, cost savings, value chain development), in the short-to-medium term (e.g. within three years of project completion). 

TalentEdge Internship Program (TIP) – NGNP

The TalentEdge Internship Program (TIP) stream of the Next Generation Network Program (NGNP) provides support for current college and university students and recent undergraduate or Masters graduates, to work on industry-driven research and development projects related to Next Generation Network (NGN) technologies at Ontario-based SMEs using the Centre of Excellence in Next Generation Networks (CENGN) platform. 

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.