- The program awards up to 5 Canada-based early-stage entrepreneurs.
- Preference is given to applicants who have completed a post-graduate fellowship within the past 5 years.
- The program awards $100,000 in non-dilutive funding, access to training opportunities and workshops, and mentorship to support entrepreneurs in building and growing their neurotech company.
- The $100,000 cash award should be used for project-related costs and may be partially used as a stipend. The allocation of funds is subject to approval by OBI and should align with the project plan.
- Successful applicants will develop milestones for the commercialization of the neurotechnology and will sign a milestone-based agreement with OBI.
- The funding to the entrepreneur during the one-year program will be released in 3 tranches and the release of funds is contingent on achieving milestones outlined in the milestone-based agreement between the entrepreneur and OBI.
- Each awardee will be assigned an industry-based mentor(s) and liaise with OBI through a dedicated point of contact.
- It is mandatory for all awardees to attend training and support programs hosted by OBI while enrolled in the program.
- Awardees will also be invited to selective programs and events run by OBI’s partners.
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