Funding Opportunities

Many of the University’s entrepreneurship programs introduce startups to potential industry investors. U of T and its partners also offer funding opportunities for both budding and established entrepreneurs.

U of T Funding Opportunities

RBC Prize for Innovation and Entrepreneurship

Annual business pitch competition awarding $50,000 to recognize, reward, and accelerate U of T’s innovative technologies and startups during U of T Entrepreneurship Week in March. Click here to see the 2021 winners.

RBC Post-Doctoral and Graduate Fellowships

U of T Post-Docs and Graduate students can be awarded $25,000 to assist in their research and professional development in the areas of AI, machine learning, advanced data analysis, and/or security. Click here to see the 2020 recipients.

Lo Family Social Venture Fund

The Lo Family Social Venture Fund helps U of T students and recent graduates take solutions-based social enterprises to the next level, providing support for student-driven ventures that will positively impact the global community – particularly in Asia. Undergraduate awards are up to $15,000 and graduate awards are up to $30,000. Click here to see the 2020 winners. 

The True Blue Fund

An opportunity for donors and partners to support our emerging entrepreneurs and double their impact. Through the True Blue Fund, the University is committing $2.5 million to match donations in support of student and recent alumni awards, fellowships and entrepreneurial activity through campus accelerator funds.

Dongjun Wang Family True Blue Prize

As part of the RBC Prize for Innovation and Entrepreneurship, the top 10 finalists who advance to the pitch competition will be eligible to win an additional $4,000 People’s Choice prize thanks to the generous donation of the Dongjun Wang Family.

Buy Blue Program

U of T-affiliated startups selling to U of T entities can access funds provided by the Provost aimed at accelerating our startup’s products and services to the marketplace.

UTEST Startup Funding

UTEST provides nascent software companies with $100,000 startup funding, office space in the MaRS Discovery District facility, mentoring and business strategy support.

Connaught Innovation Awards

U of T faculty are eligible to receive up to $100,000 to help with technology development, commercialization and knowledge transfer.

Hatchery Summer Fellowships and Prototype Funding

Participants of the Hatchery have the opportunity to receive summer fellowships to work on their business idea, or support from the prototype fund to develop a minimum viable product.

U of T Sustainability Innovation Prize

In 2019 this competition offered $15,000 in prizes to recognize, reward, and accelerate the University of Toronto’s most innovative sustainability ideas. Click here to see the 2019 winners.

The Fred Reilly Award

Up to $2,000 for a graduating Victoria College student with entrepreneurial spirit and interest in innovation and invention, to support their plan to develop an environmental or humanitarian product or procedure. Applications are due by April 15th.

External Funding Opportunities





OCE SmartStart Seed Fund