Fuel

CABHI’s Fuel program will accept applications in two funding streams:

Stream A: Start-Up Companies

Stream B: Healthcare and Research Organizations (HCROs)

Stream A: Start-Up Companies

Each participating company may receive investment funding of up to $500,000 CAD from CABHI to help selected companies achieve research, development, or validation milestone(s) over a 12-month period. CABHI’s funding wil be released in tranches aligned with the specific milestone(s). CABHI funding provided to participating companies is dilutive in structure, and is designed to match your current fundraising terms. In summary, successful participating companies wil sign two agreements with CABHI: 1. 2. Fuel Funding Agreement: Provides funding to the company and outlines al associated CABHI and government funding requirements. Warrant Agreement: Gives CABHI the right, but not the obligation, to receive company shares in consideration of the Fuel Funding provided (matching your current priced round, SAFE, or convertible debenture terms).

Stream B: HCROs

HCROs can apply for up to $500,000 CAD in non-dilutive funding from CABHI. CABHI’s funding wi l be released in tranches aligned with the specific milestone(s). If selected, the funding wi l be administered to their host institution throughout the project in alignment with the completion of mutualy agreed-upon research, development, or validation milestones. HCROs must be affiliated with an accredited Canadian academic institution, recognized research institution, or healthcare organization. HCROs must also be creating and validating inte lectual property that is not assigned to or owned by a for-profit company. The intelectual property must be owned by the HCRO, the Institution, or a combination of the two (in accordance with the Institution’s technology transfer office inte lectual property policies).

CABHI’s Innovation Themes ensure our projects and partnerships build upon our mission and help realize our vision. When assessing opportunities, we ensure alignment with our core innovation themes, our cross-cutting innovation themes, and the solution's impact on people affected by dementia.

Online Application

Applications are submitted online and then reviewed and scored by CABHI’s review panel. Shortlisted innovators will be invited to participate in the due diligence and funding review process.

Due Diligence + Funding Review

The shortlisted innovators selected from the online application process will provide CABHI access to their data room and participate in a due diligence day meeting. This will determine the eligibility for funding/investment from CABHI of up to $500,000 CAD

Selection + Contracting

Following a successful due diligence process, CABHI will inform all selected applicants and proceed with contracting (shared below) based on applicant type (i.e., company vs. HCRO)

Stream A: Start-Up Companies

Company must be registered federally or provincially in Canada

Company must have a valuation and/or valuation cap (SAFE, convertible note, etc.) greater than or equal to $6M CAD, or gross revenue greater than $250,000 CAD over the last 12 months (at the time of application)

Lead applicant must have signing authority for the company (generaly the founder and/or CEO)

Note: If you have questions about program eligibility, please email fuel@cabhi.com

Stream B: HCROs

Applicant must be affiliated with an accredited Canadian academic institution (i.e., university or colege), recognized research institution, or healthcare organization

Solution must currently be at Technology Readiness Level (TRL) 3-8

Funding received towards specific IP: Greater than $500k CAD

HCRO must focus on creating and validating intelectual property that is not assigned to or owned by a for-profit company, and the intellectual property must be owned by the HCRO, the Institution, or a combination of the two (in accordance with the institution’s technology transfer office inte lectual property policies)

Applicant must be eligible to receive funding through their institution

The applicant must commit a minimum of 1.0 ful-time equivalent (FTE) personnel to the project for its duration.

Additional Program Eligibility

Product/solutions must clearly address at least one CABHI's Innovation Themes

Product/solution must be ready for more research, development, or validation

CABHI’s funds must be used to help the company, HCRO, and/or institution achieve validation-related milestones, such as:

Clinical/scientific validation of the solution (including process validation)

Customer/end-user validation (completing customer discovery studies and conducting studies to demonstrate and/or refine products/services to meet end-user needs and expectations)

Product validation (assessing and verifying the quality, safety, efficacy and/or performance of products/services)

Market validation (engaging end users and older persons to test and assess the viability of the product/service within the target audience)

Socioeconomic/health impact validation

Product/solution has freedom to operate (i.e., the solution has no risk to potential infringement)

Applicant must use CABHI’s funding in accordance with CABHI’s Eligible Expenses Guideline

The applicant organization may not be concurrently participating in another active CABHI funded program (e.g., Ignite, NextGen). Alumni from prior CABHI programs are eligible to apply once their previous Project Term and al associated reporting requirements have been fully completed.

Company and/or institution is required to provide matching funds in alignment with CABHI’s Matching Funds Guideline

All applications will be evaluated based on the following criteria:

Team Experience (30%)

Why are you and your team uniquely qualified to solve this problem and/or work on this solution?

What is your demonstrated track record of success?

Who is aiding in your success?

Market Opportunity/Growth Potential (20%)

What is the current market size, and what is the projected growth in five to 10 years?

Why did you prioritize this market?

What is your business/service model, and how does it/will it attract customers?

How do you make money?

Quality of Solution (30%)

How did you select this idea?

How do you know there is a need for the product/solution?

What standard of care/solution is your target market currently using to address this problem?

What advantage(s) does your solution have over existing standards/products/practices?

How directly aligned is your solution to CABHI’s mandate and priority themes?

Competition/Traction (20%)

What are the barriers to the adoption of your solution and how do you address these?

Who/what are your key competitors, both in terms of product categories and firms?

How/why will you be more successful?

CABHI will not obtain any ownership rights to the intellectual property associated with the completion of any research and development, product testing, and validation activities, but CABHI will have the right to disseminate the results of your research and development, product testing, and validation activities.

CABHI strongly encourages the advancement of your intelectual property across Canada for the benefit of Canadians.

CABHI reserves the right to select applications to maintain a balanced portfolio, which includes, but is not limited to, the distribution of companies across its Innovation Themes, founder diversity, geographic diversity, and funding/investment deal type.

CABHI may terminate negotiations or invite an alternate applicant to engage in negotiations if a contract is not signed in a reasonable amount of time (to be determined exclusively by CABHI).

CABHI reserves the right to decline any application and to modify or annul this Cal for Innovations at any time, without incurring any liability.

CABHI reserves the right to change, modify, or cancel any of the terms and conditions of this program at any time, without incurring any liability. CABHI reserves the right to decline any application to its programs. The final determination of eligibility rests solely with CABHI based on available funding.

CABHI Eligible Expenses Guideline

CABHI Matching Funds Guideline

Fuel Funding Agreement

Fuel Warrant Agreement