top of page

Competition Overview

Innovation Factory’s Synapse Competition is Ontario’s premier life science pitch competition. Designed to help move your innovative life science products and services out of the lab and into the market, the competition pairs innovators with business and entrepreneurship students, and provides the training, mentorship, and resources to be successful.

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 OVER $100,000 cash prizes!

Elev8 1a.jpg

COMPETITION STATS SINCE 2013

noun_Business_3549866.png
noun_Money_3134074.png
noun_Graph_4277997.png
noun_Globe_4272597.png

115+ COMPANIES 

$850K+ PRIZES AWARDED 

$100M+ FUNDS RAISED 

10+ GLOBAL MARKETS ACCESSED

The competition is separated into four phases, outlined below. 

Synapse competition phase one, life science competition team development
Synapse phase two, life science organization commercialization plan
Synapse competition phase three, life science organizations pitch to qualified investors
Synapse competition phase four, top ranked life science companies showscase business at annual networking event
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 2025. 

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, 2025. 

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 2025
.

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 20, 2025.

KEY DATES

September 29, 2023:  Applications open

November 12, 2023:  Applications Close

December 2023:  Finalists Notified

January 4, 2024:  Networking & Team Formation

January 11, 2024:  Commercialization Plan Training

January 18, 2024:  Regulatory Training

Jan & Feb, 2024:  Business Advisory Meetings

February 6, 2024:  Commercialization Plan Due

February 15 2024:  Investor Pitch Training

February 29, 2024:  Elevator Pitch & Poster Due

March 20, 2024:  SYNAPSE PITCH COMPETITION SHOWCASE

*Dates subject to change

There are two participant categories that individuals can apply to. The first are Innovators, who must be working on an idea, product, or service in the Life Science field and have the individual capacity to continue developing the product and/or service after the competition. The second are Students, who must be either a current student or recent graduate (having graduated no more than 36 months prior to January 2024) from a recognized post-secondary institution. All participants must 1) submit applications prior to the due date
online and 2) certify that they abide by all guidelines of the Competition.

 

Participants must be residents and business owners in Ontario, Canada. Innovation Factory clients, and/or members of the Hamilton Chamber of Commerce are eligible to participate in the Competition. Any corporation or enterprise with revenues in excess of $1 million are not eligible for the Competition. Applicants who have previously participated in both, LiONS LAIR and the Synapse Competition, or either competition more than once; and/or who placed in the top ten at a previous LiONS LAIR, and/or placed in the top three at
a previous Synapse Competition shall be precluded from participating in this Competition.

 

Gowling WLG Logo
BereskinParr-PrimaryLogo_NAVY.png
Innovation Factory logo
Synapse Life Science Consortium Logo
McMasater Innovation Park Logo
Bay Area Trust logo
Invest in Hamilton Logo
Hamilton health Science Logo
McMaster University logo
sjhh-rsjh-dual-logo.png
RBCx_logoTM-INK.PNG
Megalab Logo Final Outline_Rev.jpg
Life Sciences Ontario logo
HaloHealth Horizontal Logo copy.png
Hamilton Chamber of Commerce logo
Shift Health Logo
Synapse 2023 logos (7 x 4 in) (12).png
Innovation Factory Hamilton Logo
Invest in Hamilton Logo
Hamilton Chamber of Commerce Logo
City of Hamilton Logo
Hamilton Health Science logo
Bay Area Health Trust logo
McMaster Innovation Park Logo
McMaster university Logo
Mohawk College Logo
sjhh-rsjh-dual-logo.png
bottom of page