MaRS opens applications for embedded executive program

MaRS Toronto

The MaRS Discovery District has opened applications for another round of their embedded executive funding program.

The funding helps Ontario-based high-growth tech startups reach their next milestone by pairing them with a C-level or other senior level executive for six months.

Once a venture is accepted into the program, they can receive up to $50,000 (which includes costs of HST) toward the cost of the Embedded Executive’s salary. However, they are also required to contribute $15,000 cash (or 30% of amount requested) over the program’s six-month period.

In a blog post about the program last year, Sarah Aspler, then-communications assistant for MaRS, said “these executives join the small businesses on a contract basis to help the ventures reach specific short-term business goals, working side-by-side with the companies, providing a deep level of feedback and insights. With the addition of this team member, early-stage companies can better address problems, create solutions and gain exposure to new networks in a shorter time frame than they might on their own.”

Applications are being accepted until June 29th. Check it out here.

Jessica Galang

Jessica Galang

Freelance tech writer. Former BetaKit News Editor.