OVIN Incubators — New Venture Creation Program
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Eligibility & Details
What this program funds and who can apply
Program Description
Supports early-stage automotive and mobility technology development by providing up to $50,000 per approved project, matched 1:1 by private-sector funds, to incorporated Ontario-based SMEs.
Eligibility Requirements
- Recipient of OCI funds must be an incorporated Ontario-based SME
- Active corporation with a Business Number issued by the Canada Revenue Agency
- Registered operations in Ontario
- Fewer than 500 global full-time employees
- Project must support technology development from conception to prototype (TRL 2 to TRL 4+)
- Project activities carried out in Ontario
- Minimum 1:1 private-sector matching contribution required
- May be an applicant on only one New Venture Creation project at a time
- A researcher at an Ontario post-secondary institution may apply, but the SME must be the fund recipient
Quick Assessment
Funding Details
- Amount
- Up to $50,000 per approved project; OVIN contributes up to one-half of eligible project costs. Minimum 1:1 private-sector contribution match required.
- Type
- Grant
- Level
- Provincial
- Co-Funding
- Up to 50% of eligible costs
- Deadline
- Rolling intake; no deadlines while the program is open.
Program Scorecard
Competition, effort, and approval at a glance
Everything you need to win OVIN Incubators — New Venture Creation Pro...
Not a marketing summary. The actual checklist, intel, and stack strategy reviewers look for.
- 8 rejection pitfalls reviewers flag — so you catch them first
- 7-document checklist with what each reviewer is actually checking
- 6-step application timeline with prep hours per step
- Insider tip from program officers on what separates winners
- 1-program stacking strategy to combine with compatible funding
- Success profile + evaluation criteria — exactly what reviewers score on
How to Win
Insider tips, common pitfalls, and what successful applicants look like
Insider TipEnsure your incorporated SME is the fund recipient, not the academic researcher; line up private-sector matching funds before applying and commit to only one project at a time.
Rejection Pitfalls 8
- The matching contribution comes from a government or public source rather than the private sector
Success Profile
Evaluation Criteria
Application Playbook
Step-by-step process, required documents, and expenses
Application Steps
Required Documents 7
Eligible Expenses 1
Intake Periods
Deadline Notes
Ineligible Organizations
Applying for OVIN Incubators — New Venture Creation Program? Our Grant Proposal Template ($19) mirrors the section structure Canadian reviewers actually score on. Or get all 4 templates in the Founder Pack ($59 · saves $27) →
Funding Stack Strategy
Compatible programs, clawback risk, and combined funding potential
Compatible Programs
Clawback Risk
Unknown RiskHow OVIN Incubators — New Venture Creation Pro... Compares
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Frequently Asked Questions
Quick answers to the questions founders most often ask about OVIN Incubators — New Venture Creation Pro...