I don’t have an ROI. What do I need to do to get one? You must first complete a declaration of Report of Invention. This declaration includes an explanation of what the invention is, who was involved in its creation and when this invention was first made. You can begin the process here. However, this is only the first step. The declaration must be reviewed by the Office of Innovation and Partnerships (I+P) to ensure that it is indeed novel and unique. Once this review is complete, a Technology Transfer Manager from I+P will contact you. If your ROI is accepted, you may then apply to the MIF. Remember, you must have an approved Report of Invention in order to be eligible to the MIF. Contact the I+P team to see if your invention is advanced enough to be accepted for a Report of invention and if you can apply in time to be eligible for the MIF. Note that if you are not able to have an approved ROI this year, you are welcome to apply next year.
Do I have to repay the funds? No, funds awarded through the MIF program do not need to be repaid, and McGill does not take any equity in the company. You are free to decide how best to use the funds to advance your technology/spinoff, in accordance with the one-year budget submitted in your application. You will also have to regularly report on how funds are used during the one-year support program that begins following the awarding of funds. It is the sincere wish of the University, however, that should your project find success in the future, that you will remember the MIF as your starting point, and that you will voluntarily support future applicants through a donation.
I am a McGill alumnus/a with my own start-up company. Am I eligible to participate? The Deploy Stage is intended for spin-off companies, but only those companies that have a license agreement with McGill are eligible. As an alumnus, you may be eligible to participate in the Dobson Cup. Please check their website for details
I am thinking of submitting but don't know anything about business. What can I do? We encourage all members of the McGill Research community to take part in the MIF. If you have already made a Report of Invention, you probably already have a business opportunity in mind. But if you do not see yourself as a business person, there are many resources available to you to help improve your skills, as well as networking opportunities to help you connect with potential partners who can take on aspects of commercial activity that you feel ill equipped to handle on your own. A good place to start is by taking part in one of the MIF Information Sessions; you can see a schedule of sessions on our Events page. We can give you advice on other programs at McGill to help you find what you need. It is also important to understand that the MIF program is not necessarily about creating spinoff companies; licensing technology to another company is a practical option too.
I am interested in the Cleantech supplemental award. Do I need to submit two applications? No, you can submit a single application but you must be sure to select the correct funding stage for your application (I.e. one of the Discover, Develop or Deploy stages). When you fill out the online form, you will be asked if you wish your application to also be considered for the Cleantech supplement. Teams that have been selected to receive funding in one of the funding stages, and who have indicated they wish to participate in the Cleantech category will be required to make a second presentation to a separate Selection Committee. This presentation will take place sometime after the first set of Selection Days (currently scheduled for December 5th to 9th).
I've submitted my application. Now what? Thank you for your submission! The thing to do now is wait for us to contact you. The MIF team will review all applications after the deadline closes on November 18. An initial selection of eligible applications will be made, which will then be forwarded to the Selection Committee. If your submission is part of this first cut, you will be contacted to take part in a Pitch Clinic to help sharpen your presentation skills. Then, invited teams will pitch directly to the appropriate Selection Committee during the Selection Days period, which runs from December 5 to December 9. All applicants will be informed of the committees' verdicts before the holiday break. Funds will be distributed in 2023, and the Support Program will begin in February.
I don’t see my question here. Who can I contact for more information? The MIF team is here to answer your questions. Start by sending an email to mif [at] mcgill.ca
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