To be eligible for a Tech@RBC Momentum Grant, ventures must: 

• Have current, full-time U of T students*, or recent alumni (i.e. graduated no earlier than June 2022), form at least half of the founding team.
• Lead applicant must be a current U of T student and a member of the founding team.
• Be incorporated by the time the funds are awarded.
• Have secured less than $250,000 in total funding and generated less than $100,000 in revenue since inception.
• Have completed Level 1 of U of T’s IP Education Program (each student) 
• Be available for in-person interviews the week of February 12, 2025 

*This includes U of T students from all three campuses, international students, undergraduate, masters, graduate, post-doc and professional degree students.  

In addition, we strongly encourage applications from teams that are diverse and representative of the U of T student body. 
We also strongly encourage teams to be active members of one of U of T’s 12+ campus accelerators. 

Successful teams will demonstrate the following on their application: 

Traction – Early revenue, customers, minimum viable product, letters of interest from potential clients, etc. 

Impact – Working on a solution that will have a broad and positive impact on society. 

Use of funds – Outline how (and for what purpose) the funds will be used and how it will impact the growth of the company. E.g. “If I receive the grant I will hire a marketing person who will help me potentially grow my business by X% in the coming two quarters.” 

Team – Domain expertise, skillset, commitment, additional supports (advisors, mentors, etc.) 

Please direct all questions regarding the Tech@RBC Momentum Grants or application process to:

entrepreneurs@utoronto.ca
Subject line: Questions: Tech@RBC Momentum Grants