Lab2Market Validate

📋 Eligible Entities - Small and medium-sized enterprises (SMEs) with science and technology-enabled innovations - Research-based startups looking to commercialize or license intellectual property - Entrepreneurs and innovators with early-stage technology products or services - Organizations must be Canadian-based and legally registered - Applicants should have a technology or science foundation for their business concept - Both incorporated companies and sole proprietors may be eligible (subject to program guidelines) ### 💰 Funding Details - Grant Amount: Up to $15,000 (non-repayable) - Grant Type: Non-dilutive funding (no equity stake required) - Matching Requirements: Not specified in program description; confirm with program administrator - Repayability: Grants are non-repayable - Program Duration: 16 weeks - Disbursement: Timing and milestone-based payment structure not detailed; verify with administrator ### 🛠️ Approved Expenses - Product Development & Testing – costs to develop, prototype, or validate your science/tech innovation - Commercialization Activities – expenses related to bringing the product to market - Licensing Development – costs associated with preparing IP for licensing partnerships - Professional Services – consultants, advisors, or specialized expertise to support validation - Market Research & Validation – customer discovery, market testing, feasibility studies - Technology Adoption – tools, software, or equipment necessary for development and testing - Likely excludes: general operating expenses, salaries (verify), or debt repayment ### ⚠️ Conditions & Milestones - Program Duration: 16-week structured program with defined timeline - Mentorship Requirement: Participation in mentor and advisor engagement is mandatory - Networking Participation: Must engage in networking and partnership opportunities - Validation Focus: Grant is specifically for validating, developing, testing, and preparing for commercialization or licensing - Reporting & Milestones: Likely requires progress updates and milestone achievements throughout the 16 weeks - Intellectual Property: Confirm ownership of technology/science foundation