Funding FAQs

Print Page | Email Friend

1. Which HTX programs are currently open?

For Small to Medium Enterprises (SMEs)

For Multinational Enterprises (MNEs)

2. What are the matching requirements for each program?

HTX will provide up to a maximum contribution of 50% of total project funding for SMEs and 15% of total project funding for the MNE program based on eligible expenses.  It is expected that applicants (SMEs, MNEs) and project partners will provide a combination of cash and in-kind contributions.

In addition to requested HTCP funding and partner contributions, SME and MNE applicant proponents and their project partners are encourage to leverage other federal and provincial sponsored programs for the matching contributions. Suggested programs include, but are not limited to, the following:

3. What are the eligibility requirements?

  • All applicants must be Ontario-based corporations operating in the MAT sector.  
  • Projects will be expected to commit to an "Ontario First Policy" requiring best efforts demonstrating, amongst other conditions, that subsequent commercial development of the technology is carried out in Ontario.
  • With the exception of the Ontario Sells Program, all applicants must have at least one partner.  Please see the EOI guidelines for qualifying partners for each program.
  • Applicants must commit to job creation and retention with projects that will provide continued economic benefit upon project completion. 
  • Applicants, together with their project partners, must demonstrate the ability to provide their portion of the total project funding through cash or in-kind contributions.
  • The HTCP contribution to project funding is repayable upon commercial success.  The specific terms of repayment, including date of commencement and length of repayment term, will be determined on a case-by-case basis during the development of the contribution agreement.
  • HTX will have no interest in Intellectual Property (IP).  Ownership and management of novel IP arising from the project should be clearly defined by partners at the time of the full proposal submission.
  • See the EOI guidelines for Eligible and Ineligible Expenditures

4. When is the deadline for applications?

  • There is no specific time limit to submit an EOI as applications will be accepted on a rolling-basis.

5. What does the application process involve?

The application process involves a two-phased process:

Phase 1: An Expression of Interest (EOI) is submitted and evaluated.  Promising applications will advance to Phase 2.

Phase 2: A Full Application (upon invitation) will be required providing detailed information about the intended project.

HTX will provide a written confirmation and a list of conditions, recommendations and/or improvements required if the EOI is recommended to proceed to Phase 2: Full Proposal stage. If an EOI is not recommended for the Full Application stage then the applicant will be provided with suggestions to improve the EOI for a possible resubmission.

6. Is it possible to reapply if the first EOI does not advance to Phase 2?

Yes.  Feedback on application deficiencies will be provided; however, this does not guarantee advancement or approval upon resubmission.

7. How are projects assessed?

Phase 1: Expression of Interest (EOI):

  • Prior to review of the EOI HTX may request additional information or clarification to determine project eligibility. This documentation will be appended to the submission.
  • The EOIs will be assessed by an internal committee along with external experts that have MAT subsector expertise.  This committee will include internal HTX staff and may include representatives from other commercialization agencies such as MaRS, OCE Inc., NRC-IRAP, and regional partners.
  • The Business Advisory Committee (BAC), an external committee of industry experts, will assess committee recommendations and invite the most promising EOI applications to submit a full proposal.

HTX will communicate the results of the EOI review process to the applicant within 60 days of submission.  Success at this stage will result in an invite to a company for a Full Proposal submission

Phase 2: Full Proposal Application:

  • Full Proposals will be assessed by an internal committee with external MAT commercialization experts
  • The external BAC will assess Full proposals and recommend projects for funding to the board.
  • The HTX Board will vote on Full Proposal funding. 

8. How long is the review process?

  • The Expression of Interest (EOI) phase - approximately 45 to 60 days
  • A company approved for Full Application has 45 days to complete that application
  • The Full Proposal Stage - approximately 90 days
  • The complete process will likely take 4-6 months from application to project approval.  

9. How are projects funded?

  • Upon Full Proposal approval of SME led projects, funding will be disbursed on a quarterly basis at the beginning of the project. 

10. What are the progress reporting requirements of the program?

Regular progress reporting is required for each program, consisting of quarterly face-to-face meetings and an annual written synopsis of the project that includes performance metrics.  

 11. Who should I contact if I have questions?

  • Please refer to full submission documentation for further answers.
  • Applicants are encouraged to contact an HTX representative during the development of the EOI in order to submit to the intended funding program and ensure HTCP eligibility. 
  • For further clarification, HTX staff members can be contacted through the website.