From April 15 to May 27, 2016, the University of Toronto Early-Stage Technology (“UTEST”) Program, in partnership with angel investor group Maple Leaf Angels (“MLA”), is accepting applications from companies seeking startup funding, strategic mentoring and office space. The UTEST Program assists emerging startups with seed funding, 12 months of incubation space at the Banting Institute in downtown Toronto, exposure to entrepreneurial education provided at MaRS and business strategy support from experienced mentors.
This will be UTEST’s fifth call for companies and is the first time UTEST will be partnering with MLA through the MLA48 program, which assists local startups gain access to investment opportunities on accelerated timelines. MLA48 is a limited partnership comprised of accredited investors that are also MLA members. The organization considers investing up to $60,000 per company into early-stage startups that have yet to receive seed funding. Through this new partnership, UTEST is now able to invest $110,000 per company in up to 10 companies that are successful in applying to the UTEST Program. The application form and relevant timelines can be found here.
MLA and MLA48 have also partnered with Aird & Berlis LLP by co-organizing a series of events bringing entrepreneurs and angels investors together, hosted at Aird & Berlis LLP’s offices in downtown Toronto.