Program funding streams
CABHI’s Fuel program wil accept applications in two funding streams:
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).
