Business Acceleration Program at MaRS Opens Another Round of Embedded Executive Funding

The Business Acceleration Program at MaRS has opened another round of Embedded Executive Funding.

The program matches senior executives with Ontario-based technology ventures to help them achieve their next growth milestones, granting up to $50,000 toward the executive’s salary over the Embedded Executive program’s six-month period.

Since 2012, MaRS says it has helped over 70 ventures, using the funding to increase sales, build marketing channels, and raise additional outside funding

Quoth MaRS:

Embedded Executive Funding is best for startups that are at a later discovery stage of development or that are approaching the validation or efficiency stages. This year, we’ll fund 20 high-growth ventures from across Ontario working in the information and communications technology, digital media, health, cleantech and advanced manufacturing sectors.

Applications require a referral from a Regional Innovation Centre or from a MaRS Venture Services advisor.

Applications are now open until June 29.