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.
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.
Teams will receive training and mentorship in order to submit a
Commercialization Plan, outlining detailed steps needed to commercialize their innovation, and a timeline to market in February, 2022.
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 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.
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