How is funding allocated?

MIP funding operates in three phases based on the stage of your project.
The three phases are:

Conception Phase

Develop a concrete business plan in 3 months with key milestones which will be used to track performance.

Incubation Phase

Achieve proof of principle and develop prototype. Key Performance Indicators (KPIs) will be used to measure the success of the project.

Development Phase

Budget will be agreed on a case by case basis to develop a marketable product. Milestones and KPIs will be used to track and grade the success of the project.

Please log in to the Application Portal to download the application and selection guidance.

How can I apply?

Your application to the program involves agreement to the terms and conditions and completion and submission of the application form online. Before beginning the process, please review the checklist that has been created to guide you through the application requirements. High level requirements for application include:

1. Project summary
2. Team details (leader, group members and competency, affiliation etc.)
3. Survey of the field and opportunity (medical need/market considerations)
4. Development plan:
   • Short-term and long-term development steps
   • Significance
   • Innovation
   • Approach
   • Milestones and timelines
   • IP considerations
5. Budget and justification (incl. costs breakdown)
6. Assurances
7. Resources

When do applications close?

You can start your application now!
The program operates without formal deadlines and applications are being accepted on a rolling basis.