Hamilton’s premier life science pitch competition now accepting applicants

Soon after handing out awards for this year’s Lions Lair pitch competition, Innovation Factory in Hamilton is now accepting applications for the 2023 Synapse Life Science Pitch Competition — now in its 10th year.

As Hamilton continues to be a hotbed for life science and health research and innovation, this competition offers a unique format compared to that of Lions Lair.

It pairs innovators, such as entrepreneurs, scientists, and researchers, with post-secondary students to form teams. Over several months, the finalist teams will receive training, mentorship, and financial support to help them develop their business plans and craft successful investor pitches.

Ultimately, the finalists are vying for a spot at the showcase event in the spring, and a chance to not only feature their innovative product or service, but also win thousands in cash and in-kind prizes.

“Hamilton is a dynamic and growing hub for life science innovation with globally recognized research hospitals, academic institutions, and the Synapse Life Sciences Consortium,” said Innovation Factory executive director. “Collectively, they attract ongoing investment and promote economic growth, providing a perfect location for emerging companies in the health sector. Through the Synapse Competition, Innovation Factory facilitates the collaboration required to evolve a potentially game-changing medical innovation into a viable business.”

Applications are open until Nov. 6, 2022.

Since 2013, the competition has supported more than 100 start-ups and awarded over $650,000 in prizes and resources through its partners. Participating companies have collectively raised more than $50 million in financing.

This year’s competition will see the return of an in-person showcase event, back after two years of taking place virtually.

Innovation Factory is a not-for-profit business accelerator.