Competition Overview

The Synapse Competition is Ontario's premier life science pitch competition and is dedicated to fostering the commercialization of innovation in the life science sector.  Delivered by Innovation Factory, in collaboration with the Synapse Consortium, this competition assists innovators, scientists and researchers to bring their ideas to market, increase revenues, attract investment and create jobs.

Innovators receive training, mentorship, a $5,000 grant and a chance to pitch and compete for up to $50,000 in prizes

The competition is separated into four phases, outlined below. 

PHASE ONE

TEAM FORMATION

 

Interested participants will complete a short application and finalists will be notified in December of their acceptance into the competition.  Innovators and students will form teams at our Meet & Greet in January 2022. 

PHASE TWO

COMMERCIALIZATION PLAN

 

Teams will receive training and mentorship in order to submit a

10-15 page 

Commercialization Plan, outlining detailed steps needed to commercialize their innovation, and a timeline to market in February, 2022. 

PHASE THREE

INVESTOR PITCH

 

Teams will attend training to develop and deliver a 5-minute investor
pitch, including the components of a pitch, delivery methods, and
addressing questions in March 2022.

FINAL PHASE

FINAL PITCH & SHOWCASE

 

The top-ranked teams will deliver a business pitch, competing for cash and in-kind services from our generous partners. All finalists will present a poster and have the opportunity to network with top industry leaders in the life science sector on March 23, 2022.

KEY DATES

 October 7, 2021:  Applications open

November 14, 2021:  Applications Close

December 2021:  Finalists Notified

January __, 2022:  Networking & Team Formation

January __+__, 2022:  Commercialization Plan Training

January __, 2022:  Regulatory Training

Jan or Feb, 2022:  Business Advisory Meetings

February __, 2022:  Commercialization Plan Due

February __, 2022:  Investor Pitch Training

March __, 2022:  Elevator Pitch & Poster Due

March 23, 2022:  SYNAPSE PITCH COMPETITION SHOWCASE

 

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