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. 

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).