Founder Institute Partners with City of Toronto and Province of Ontario

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The Founder Institute announced today that graduates of its Toronto 2017 program will have the opportunity to qualify for a $5,000 equity-free grant to help build their startup.

This grant offer is the result of a partnership with the Province of Ontario and City of Toronto, as part of their Starter Company Plus Program.

Any aspiring entrepreneur that Graduates from the program, which begins next month, will be eligible to receive the grant. Interested applicants can apply by the Final Deadline on Sunday, May 7th.

“Toronto’s technology community continues to grow and build companies that are solving local and global problems,” shared Mayor John Tory. “Partnering with Founder Institute is a great opportunity for Toronto to collaborate on helping ensure its local technology companies can compete and grow in a global marketplace.”

“The Starter Company Plus program is focused on helping entrepreneurs connect to training, mentorship and funding resources to build their ideas into viable businesses,” said Minister Brad Duguid. “Ontario is pleased to work with Founder Institute as we continue to help make it easier for entrepreneurs to bring ideas to market and grow Ontario’s innovation economy.”

Based in Silicon Valley, the Founder Institute’s mission is to “Globalize Silicon Valley” and empower talented and motivated entrepreneurs to build companies that will create one million new jobs.

Since first launching in Toronto in 2014, the Founder Institute has helped create over 70 promising local technology companies, including CubbySpot, DeepPIXEL, FindBob, Intelocate, SpaceiShare, and Shapetrace.

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