Applications are now being accepted and will close on March 3, 2025 at 5 p.m. Please note that the information below is from https://www.ontario.ca/page/life-sciences-scale-fund
Before applying, applicants are encouraged to contact our team of Economic Development Officers who can help assess the fit with the program and provide advice on application preparation by calling (519) 332 1820 or email contact@sarnialambton.on.ca
The Life Sciences Scale-up Fund (LSSUF) provides financial support to help small-to-medium sized enterprises (SMEs) scale up in the life sciences sector. LSSUF aims to help build a pipeline of strong innovative SMEs based in Ontario (or intending to relocate to Ontario) that are ready to respond to procurement opportunities.
These SMEs will:
The LSSUF complements the Health Innovation Pathway and the Health Technology Accelerator Fund to support the adoption of innovation in the healthcare system.
Please refer to the LSSUF program guidelines for more information.
If you are a not-for-profit or a private-sector developer with a near-ready multi-tenant wet-lab project, learn more about our Life Sciences Wet Lab program.
A successful applicant could get up to $2.5 million to help cover up to 33% of eligible project costs. Successful applicants are required to secure funding to cover at least 67% of remaining eligible project costs.
Applicants are not allowed to stack funding with other provincial funding programs for the same project, excluding tax credits. Applicants may stack funding with other government sources (for example, federal funding programs), up to a maximum of 67% of the eligible project costs.
Before applying, companies must first complete the mandatory self-assessment eligibility screening form to help determine if they are eligible for the LSSUF.
To be eligible for funding, life sciences companiesfootnote 1[1] in the human health sciences industry must meet all the following requirements:
All applicants must ensure compliance with all applicable laws and must not owe any fees, levies, or taxes to His Majesty the King in right of Ontario or his agencies. Applicants must also be compliant with the Accessibility for Ontarians with Disabilities Act, 2005, S.O. 2005, c. 11.
Eligible projects must demonstrate readiness for scale-up or expansion of company operations, be a continuation of work the company has already undertaken, have financing in place and be completed within two (2) years from project start date.
Applications are now being accepted and will close on March 3, 2025 at 5p.m.
Applicants will be notified of decisions within approximately 60 business days of the application deadline.
Prior to applying, companies are encouraged to discuss projects with a Ministry Business Advisor who can help assess fit with the program and provide advice on application preparation.
Step 1: Read the LSSUF program guidelines.
Step 2: Complete the mandatory LSSUFself-assessment eligibility screening form.
Step 3: Register for Transfer Payment Ontario (TPON) to create your My Ontario account. Once registered you will be able to apply.
Step 4: Gather the following required documents (to be uploaded in PDF):
Please review the application process section of the LSSUF program guidelines before submitting an application.
Applications are evaluated on their overall merits and reviewed against targeted results within the scope of LSSUF‘s objectives and we may request additional information from an applicant to help evaluate the project proposal.
This fund is a discretionary, non-entitlement funding program with limited funding. Even if your application meets all program objectives and eligibility criteria, you may not receive approval based on the number and strength of other applications.
