Public Funding
Public Sources of Funding for Ontario Life Sciences Companies
BIOTECanada has complied a comprehensive list of Federal and Provincial Government funding programs such as grants, loans, and contribution agreements, of which Canada's core biotech companies can apply for funding. To discover the funding options suited to your company needs, simply login to the Member's Area of our website, or contact Gibril Muddei. This table lists several financing programs available to life sciences companies in the province of Ontario:
| Program Name | Overview |
Value |
Type of funding |
| Innovative and Development Program (IDP) |
For development projects that advance an existing prototype towards commercialization. Qualifying projects include SME led projects partnered with an academic institution or healthcare organization. |
Up to $100,000 |
Performance-based loans or convertible debentures. |
| Technology Acceleration Program (TAP) |
For advanced stage development projects. Qualifying projects will be related to advanced-stage product development involving an Ontario-based SME. |
$125,000 - $750,000 |
Performance-based loans or convertible debentures |
| Ontario Sells Program (OSP) |
For projects targeting international sales of Ontario developed medical and assistive technology (MAT) products. |
Up to $50,000 |
Performance-based loans. |
| Technology Implementation Program (TIP) |
For clinical evaluation or technical assessment of innovative MAT products. |
Up to $100,000 |
Performance-based loans. |
| Ontario Flagship Program (OFP) |
To support anchoring MNE-led global R&D mandates in Ontario. Qualifying projects include MNE led advanced stage product development programs, anchored in Ontario, supporting global R&D mandates. |
$225,000 to $2,250,000 |
Performance-based loans or grants. |
