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.
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 2021.
PHASE TWO
COMMERCIALIZATION PLAN
Teams will submit a
10-15 page
Commercialization Plan, outlining detailed steps needed to commercialize their innovation, and a timeline to market in February, 2021.
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 2021.
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 24th, 2021.
