Mapping the Canadian Digital Health Ecosystem: Ontario

Find the full list of Ontario’s Regional Innovation Centers (RIC)

Capital

Dilutive

• Angel Investors Ontario: Provides a repository of Ontario based angel investors
• Venture Ontario: Venture capital agency of the Government of Ontario
• CABHI – MC2 Capital: Investment of up to $300,000 CAD from CABHI to grow and scale your healthtech or fintech solution.Eligible companies may access additional investment of up to $400,000 CAD

Non-dilutive

• Southern Ontario Pharmaceutical & Health Innovation Ecosystem (SOPHIE): Access up to $100,000 in non-dilutive grant funding to support a commercialization project with an academic or clinical partner

Support programs

• OBIO Capital Access Advisory Program: 9 month program designed for health science companies beginning a Series A financing which provides strategic guidance and access to a network 

Talent

Temporary talent solutions 

• Ontario Tech Talent: Provides employers with a talent pool and employees with skill development opportunities to provide employees with the talent requirements of their position. 
• Connestoga Gig Marketplace: Provides a database of Connestoga College (Waterloo, ON) freelancers
• MITACS: Cost-sharing internship programs where companies can leverage grad student assistance with R&D, data analysis, market research, etc.
• BioTalent Canada: Federally provided wage subsidies to support the job-readiness of students registered in STEM, healthcare, business, and all other programs at Canadian post-secondary institutions

Long-term talent solutions

• MaRS Job Board: Provides companies a place to post job vacancies.
• OBIO Health to Business Bridge Program:  Provides eligible health science companies with wage subsidies and access to the talent network.
• Canada-Ontario Job Grant: Federally provided funding (up to $10,000) to support employers wishing to purchase training for their employees.

Technical

Idea generation and concept validation

• CABHI MC2 Validation: Provides funding and support for validation activities.
• MEDIC Interactive Visit Program: Supports development of technology approach and a roadmap for implementation for digital health companies.

Product development

• Fye Labs: Product development services for companies in various industries find solutions for their software, AI & ML, electronics, robotics, simulations, and industrial design problems.
• ScaleAI: Funds initiatives under three classifications: industry-led projects, training, and Acceleration program
• NEXT AI: Cohort program which provides high potential AI companies with capital, mentorship, education and network to disrupt industries. 

Adoption

• OBIO EAHN: matches Canadian health technology companies with a national network of healthcare organizations to evaluate technologies and to facilitate their adoption into the health system