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The Life Sciences Scale-up Fund (LSSUF) provides financial support to help small-to-medium sized enterprises (SMEs) scale up in the life sciences sector. LSSUF aims to help build a pipeline of strong innovative SMEs based in Ontario (or intending to relocate to Ontario) that are ready to respond to procurement opportunities.
To be eligible for funding, life sciences companies in the human health sciences industry must meet all the following requirements:
All applicants must ensure compliance with all applicable laws and must not owe any fees, levies, or taxes to His Majesty the King in right of Ontario or his agencies. Applicants must also be compliant with the Accessibility for Ontarians with Disabilities Act, 2005, S.O. 2005, c. 11.
Eligible project costs means those costs, net of applicable HST, which are directly attributable to, and necessary for, the completion of the project and are not wholly or partially for another purpose.
Eligible project costs are incurred and paid for by the company after the application intake close date (project start date) up to and including the date that the project is completed (project completion date). Any costs for which the company is eligible to receive a rebate, credit or refund are not eligible project costs.
Eligible project costs do not include ongoing costs of production or operations. Eligible project costs are cash outlays which must be documented through invoices, receipts, or recipient records acceptable to Ontario. These are all subject to verification by an independent auditor. You must maintain evidence of payment for audit purposes.
The ministry has the unequivocal right to deny any expenditure that it deems ineligible. The ministry reserves the right to request additional supporting documentation and information regarding all expenditures.
Contact Name: Ministry Business Advisor based in their region
E-mail Address: lssuf@ontario.ca
Website: https://www.ontario.ca/page/life-sciences-scale-fund
Location:
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There is grant money waiting for YOU! BUT if you step in a “grant trap,” your application is a NO! Learn the FIVE most common errors to AVOID in government grants! Get the 5 Grant Gotchas now to save you countless hours.
