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. Follow her on Twitter @jessicagalangg or send her pitches to jessica.galang@betakit.com.