Students in the Surgical Innovation CREATE program have access to a wealth of unique resources and opportunities. Due to the nature of the tri-university partnership (McGill, ETS and Concordia), students can leverage each university’s distinct offerings for entrepreneurs: mentorship from the minds that run the affiliated accelerators, prototyping and design consulting from the program’s affiliated professors and researchers, financing insight and advice from proven and successful entrepreneurs as well as patent and legal counselling from industry partners.
Students get to observe, ideate and create new health technologies or innovations. If, at the end of the journey, students want to launch a business, they are given opportunities and connections to do so. It’s up to the entrepreneur in them, to make the most out of the program network and to strategically adopt their new business’ path to financing.
Here are several funding and opportunities available to students based on students specific needs. Here are a few examples:
- District 3: Offers coaching and incubator services (pending admission)
- ETS - Centech: Offers incubator services (pending admission)
- McGill Dobson Centre & X1: Offers coaching and incubator services (pending admission)
- Maison 1861: Offers a workspace within the incubator is made available to you or your group
In addition, Montreal is proving to be quite the city for business launching in the health technologies and innovation sector. The “Quartier D’Innovation”, within the city, receives $1.4M of funding annually to help new businesses launch and grow. There are interesting funding opportunities available locally as well as through grants from the provincial government.
There are governmental grants & financial assistance students can apply for such as:
- IRAP: NRC Industrial Research Assistance Program (IRAP) provides financial support to qualified small and medium-sized enterprises in Canada to help them undertake technology innovation.
- SR&ED: proxy method allows startups that receive SR&ED credits to claim 55 per cent of overhead and expenditures, including support staff who aren’t involved in R&D.
- Passeport Innovation provides grant money for R&D projects that tap QuébecInnove members for help.
The program provides good opportunities to develop a network with private investors and industry collaborators that are affiliated with the program.
Please click on the following link for a great opportunity from LOK North America junior_associate_job_posting.pdf