Stream 2 EiR Funding: Executive Engagement for Venture Growth
The EiR program is now accepting applications.
Stream 2 of the EiR program helps Temerty Medicine ventures drive their growth, secure funding, and/or negotiate partnerships/licensing deals by providing:
Funding to hire and work with a fractional executive
Personalized matching with a fractional executive (if required)
Stream 2 Program Details
Funding
Up to $50,000 in non-dilutive funding.
Duration
Up to 12 months, with the possibility of a 6-month no-cost extension if required.
Use of Funds
Funding must be used to hire a fractional executive (e.g., CEO, COO, or Business Development Executive) to drive growth, secure funding, and/or negotiate partnerships or licensing deals within a 12-month period. The engagement should directly improve operational capacity and commercialization readiness.
Examples of supported activities: fundraising (seed, Series A), licensing or strategic partnership negotiation, driving business development or sales activities, etc.
Eligibility Criteria
To qualify for Stream 2 funding, ventures must meet the following criteria:
The applicant must be the founder of a health start-up venture and must either:
Hold a primary academic appointment at Temerty Medicine, or
Be supervised by a faculty member with a primary appointment at Temerty Medicine
If the venture currently holds intellectual property (IP), it must be assigned to the University of Toronto.
The venture must be an active client of the Health Innovation Hub (H2i) and have an assigned H2i lead mentor who supports the EiR application.
The venture must clearly define the milestone(s) to be achieved, describe how it will advance its commercialization objectives, and provide a compelling rationale for engaging external executive level support to achieve the milestone(s) within a 12-month timeframe.
Stream 2 Application Process
Expression of Interest (EOI)
For ventures that have not yet selected a fractional executive: Ventures that have not yet selected a fractional executive should complete the EOI form. The form helps the EiR Program identify and match ventures with executives whose expertise aligns with their commercialization needs. Once a suitable match is confirmed and both parties agree to proceed, the venture may complete and submit the full EiR Stream 2 Funding Application in collaboration with the selected executive.
For ventures that have already selected a fractional executive: Ventures that have already identified a fractional executive do not need to complete an EOI form and may proceed directly to submitting the full EiR Stream 2 Funding Application.
Full Application
The application package (one PDF file) should include the following:
Completed application form signed by principal applicant and H2i lead mentor
Optional: 1-page venture executive summary
Applications are accepted on a triannual basis (January, May, September). The upcoming submission deadlines are included below:
