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).
Express your interest and see if Market Readiness is right for your business.
Learn about eligibility, investment criteria, and more.
Other OCI Programs
Next Generation Network Program (NGNP)
Voucher for Innovation and Productivity (VIP)
TalentEdge Internship Program (TIP) – NGNP
Ontario Vehicle Innovation Network (OVIN)