OBI offering $50,000 for startups working on brain health

The Ontario Brain Institute, a provincially-funded, nonprofit research centre dedicated to fostering neuroscience innovation, is offering $50,000 in funding over one year for early stage entrepreneurs.

Through its Entrepreneurs program, the Institute is offering 10 entrepreneurs with the funding to build a startup company and develop technology that assists with brain health or brain disorders. The startups will work as part of OBI’s ‘neurotech’ cluster, which was established from a combined $13 million in funding from FedDev Ontario’s Technology Development program and private sector investments.

The program will focus on helping entrepreneurs focus full-time on product commercialization, and all entrepreneurs are assigned industry-based mentors and a dedicated point of contact at OBI for professional and personal support throughout the year. The program will also help startups prepare for follow-on funding.

To apply for the program, which is accepting applications until March 21, check out check out OBI’s website for details.

Jessica Galang

Jessica Galang

Jessica Galang is BetaKit's News Editor.