Hardware Catalyst Initiative
Canada’s only hardware and semiconductor-focused lab & incubator. Applications are now open from June 22 - August 3.
ventureLAB’s Hardware Catalyst Initiative is Canada’s only lab and incubator for founders building hardware and semiconductor-focused products, enabling the creation of transformative technologies that will power our products of tomorrow — including healthcare technology, consumer electronics, telecommunications, smart energy, connected transportation, and more. Funded in part by the Government of Canada, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), the Hardware Catalyst helps tech companies accelerate their time to market in a sector that normally incurs lengthy entry and scale times, enabling Canadian hardware and semiconductor companies to grow and scale locally, and compete globally.
We understand that hardware founders experience unique challenges and have a finite amount of capital and time to bring their vision to reality. ventureLAB’s Hardware Catalyst Initiative is a competitive program that is offered at no cost and with no equity requirement to eligible companies. Dedicated to supporting both silicon and hardware companies for up to 24 months, the Hardware Catalyst Initiative is enabling Canadian companies to grow and scale locally to compete globally.
The Hardware Catalyst Initiative provides direct resources to accelerate commercialization at scale through our initiatives focused on four pillars: raising capital, retaining talent, commercializing technology and IP, and customer acquisition.
What companies can expect:
Hardware Catalyst Initiative Bootcamp
A new initiative we are introducing this year is an intensive, two-month Hardware Catalyst Initiative Bootcamp, which will take place before formal program acceptance. This Bootcamp is intended to offer immediate value to a larger group of eligible companies, and allow for mutual assessment of fit before committing to the full program.
If shortlisted for Bootcamp participation, companies can expect:
Applications for the Hardware Catalyst Initiative are NOW OPEN until August 3, 2022 at 5 p.m. EST.
Founder Expectations
As the Hardware Catalyst Initiative is a two-year intensive program all founders accepted into the program should expect to work with dedicated advisors and mentors to develop, review, and track:
Timelines:
For any questions regarding the application or eligibility, please contact hci@venturelab.ca.
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We work with innovative growth and scale-stage hardware or enterprise software companies with some market traction. Your company needs to be incorporated in Canada and have a business (CRA) number. Most importantly, you must be coachable!
Apply to work with ventureLAB by filling in the form on our Apply page. Each year, we select over 100 ventures to join our diverse hub of founders. By working with ventureLAB, you’ll gain access to our initiatives focused on four pillars critical for any scaling company: raising capital, talent retention, commercializing technology and IP, and customer acquisition.
We take no equity in your company. Founders join small cohort sizes — meaning you get tailored, dedicated guidance to navigate your unique business challenges. You’ll develop relationships in a growing global community of mentors, investors, partners, manufacturers, supply chains, and fellow entrepreneurs, critical to the growth and scaling of your business.
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