Launched today, the McMaster Seed Fund (MSF), is an early-stage investment vehicle designed to foster innovative startup companies coming out from McMaster research with the potential for significant economic and/or societal impact in the Hamilton region and beyond.
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Karen Mossman, McMaster’s vice-president, research, whose office is leading the initiative, says the fund will support entrepreneurs within the McMaster community and advance the university’s culture of commercialization and social innovation and drive the transformation of university research into products or services that will make a positive impact on society.
“The MSF will support promising McMaster start-ups with high growth potential,” says Mossman, adding the funds are designated specifically for business development.
Yuyitung says the MILO team will help to determine eligibility and is looking forward to working with applicants from all disciplines and faculties to refine projects that show high growth potential. Teams can apply for an initial investment, expected to be in the range of $200K to $500K.
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