MaRS Momentum
Highlights
Hello,
Momentum is a fantastic opportunity for your business to reach new heights. You’ll gain access to seasoned executive mentors who have successfully grown late-stage companies. This means you’ll receive valuable insights on sales, marketing, building strong teams, and growth strategies. The best part? There are no fees and no equity taken—just pure support for your business.
Imagine being part of a community of leaders facing similar challenges, providing a network of support and shared experiences. You’ll also have access to MaRS’ platform of data and technical insights, ensuring you stay ahead of the curve. The program is designed to be high-impact, allowing you to make the most of your time and focus on what matters most—growing your business.
Momentum is committed to helping Canadian companies like yours scale to $100 million in revenue. With on-demand advisory and scheduled events, you can get the support you need when you need it. This is your chance to join a program that’s dedicated to seeing you succeed.
Financing Details
Grant: The program offers non-repayable grants to eligible companies. This means you do not need to pay back the funds received under this initiative.
Eligible Expenses: The grant can be used towards a variety of operational costs including but not limited to research and development, marketing, and scaling operations. It is designed to support significant growth activities that align with your business's strategic goals.
Use of Funds Restrictions: It is important to note that the funds cannot be used for debt repayment or dividend payouts. The focus is on direct business growth and expansion activities.
Fees: There are no application or processing fees associated with this grant. This makes it an even more valuable opportunity as it minimizes the financial burden on your business while maximizing the potential benefits.
Qualifications
- Business must be a fast-scaling Canadian science and technology company.
- Must have at least $20 million in revenue or $50 million in capital raised.
- Company should be on the path to reaching $100 million in revenue.
- Business should be using leading-edge technology and science to improve global life in various sectors such as education, finance, business, sustainability, and entertainment.
Description
Momentum is here to help your business reach new heights. You can tap into a wealth of knowledge and experience from executive mentors who have successfully grown late-stage companies. This means you get insights on sales, marketing, building strong teams, and growth strategies. No fees, no equity taken—just pure support for your business.
Your business will benefit from a community of leaders facing similar challenges, providing a network of support and shared experiences. Plus, you’ll have access to MaRS’ platform of data and technical insights, ensuring you stay ahead of the curve. The program is designed to be high-impact, so you can make the most of your time and focus on what matters most—growing your business.
Momentum is all about helping you and your team see challenges before they arise and keeping you on the path to success. With on-demand advisory and scheduled events, you can get the support you need when you need it. This is your chance to join a program that’s committed to helping Canadian companies like yours scale to $100 million in revenue.
Program Steps
Prepare Your Documentation
Gather the necessary documents for your application. You will need:- Business registration documents
- Financial statements (last two years)
- Revenue or capital raised proof (minimum $20 million in revenue or $50 million raised)
- A brief business plan outlining your growth strategy
Reach Out to Momentum
Contact the Momentum team via email at [email protected]. Introduce your business and express your interest in the program.Complete the Application Form
Fill out the application form provided by the Momentum team. Ensure all information is accurate and complete.Submit Your Application
Send your completed application form along with the required documentation to the Momentum team.Attend an Introductory Meeting
Once your application is reviewed, you may be invited to an introductory meeting. This is an opportunity to discuss your business goals and how Momentum can support you.Engage with the Program
If accepted, actively participate in scheduled events and on-demand advisory sessions. Connect with mentors and other business leaders to maximize your experience.Implement Insights and Strategies
Utilize the knowledge and resources gained from the program to drive your business growth. Stay engaged with the community for ongoing support.
