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, leverage intellectual property attract, investment and create jobs.

Innovator finalists receive training, mentorship, a $5,000 grant and a chance to pitch and compete for BIG cash prizes!

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COMPETITION STATS SINCE 2013

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100+ COMPANIES 

$650K+ PRIZES AWARDED 

$50M+ FUNDS RAISED 

10+ GLOBAL MARKETS ACCESSED

The competition is separated into four phases, outlined below. 

Synapse competition phase one, life science competition team development
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 2023. 

Synapse phase two, life science organization commercialization plan
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, 2023. 

Synapse competition phase three, life science organizations pitch to qualified investors
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 2023.

Synapse competition phase four, top ranked life science companies showscase business at annual networking event
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 22, 2023.

KEY DATES

 October 6, 2022:  Applications open

November 6, 2022:  Applications Close

December 2022:  Finalists Notified

January 5, 2023:  Networking & Team Formation

January 11+ 12, 2023:  Commercialization Plan Training

January 19, 2023:  Regulatory Training

Jan & Feb, 2023:  Business Advisory Meetings

February 9, 2023:  Commercialization Plan Due

February 16 2023:  Investor Pitch Training

March 10, 2023:  Elevator Pitch & Poster Due

March 22, 2023:  SYNAPSE PITCH COMPETITION SHOWCASE

*Dates subject to change

 

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