The goal for L2M is to generate a pipeline of science-and engineering-based startups emerging from post-secondary research, which can accelerate their growth at university-linked incubators and accelerators, and the startup community. L2M is based on similar successful I-Corps program in the U.S. and I-CURe program in the U.K.
Lab2Market (L2M) applications are made in teams consisting of a graduate student (the main applicant), a faculty member, and a mentor.
The team’s novel research has to be proven to be technologically feasible prior to application.
Please note this in Part 3 of your application.
If you have difficulty finding a Mentor, we encourage you to reach out to your respective Technology Transfer Office (TTO) or equivalent for assistance first. If that fails, please contact us and we will use our extensive network to assist you in finding someone suitable.
$15,000 is available in funding for each selected team.
Please note, participants will not receive $15K in funding for L2M-Health. Based on needs, teams will receive stipends and potential support for out-of-pocket expenses.
Of the $15,000, $10,000 is a stipend for the graduate student. The remaining $5,000 is meant to be used for program related expenses such as travel.
Please note, that this cost breakdown does not apply to Lab2Market Health.
Your technology has to be novel and beyond the ideation/concept phase of development. You have to be able to demonstrate that your innovation is technologically feasible.
Applications are now open for all of our 2020 cohorts.
Applications for our St. John’s cohort will close on MAY 31, 2020 (11:59PM NFDT).
Applications for our Halifax cohort will close on June 30, 2020 (11:59PM ADT).
Yes, this is currently a two-year pilot project with six planned cohorts:
- Toronto (Ryerson University): Fall 2020
- Halifax (Dalhousie University): Fall 2020
- St. John’s (Memorial University): Fall 2020
- Halifax (Dalhousie University): Winter 2021
- Toronto (Ryerson University): Summer 2021
- St. John’s (Memorial University): TBD
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Cohorts at Ryerson University will service Southern Ontario teams and cohorts at Dalhousie University will service teams from the Atlantic Provinces. Memorial University will service teams focussing on Oceans Technologies.
- Teams determine whether there is a market demand / product market fit for their new technologies
- Learn to address the needs of their users
- Are provided access to potential customers and markets
- Access to a vast network of commercialization experts, instructors, investors and mentors
- Receive $15,000 in funding as a stipend for the student and for program-related expenses
- Develop lasting relationships and industry connections
- Acquire entrepreneurial skills that scale and transfer to future ventures and/or other career opportunities