The Founder Institute (http://fi.co), the world’s premier idea-stage startup accelerator, today is announcing that Graduates of its Toronto 2017 program (http://fi.co/s/toronto) will have the opportunity to qualify for a $5,000 equity-free grant to help build their startup. This offer is the result of a partnership with the Province of Ontario and City of Toronto, as part of their Starter Company Plus Program. Any aspiring or early-stage entrepreneur that Graduates from the program, which begins in May 2017, will be eligible to receive the grant. Interested applicants can apply by the Final Deadline on Sunday, May 7th at http://fi.co/apply/toronto.

“Toronto’s technology community continues to grow and build companies that are solving local and global problems,” shared Mayor John Tory. “Partnering with Founder Institute is a great opportunity for Toronto to collaborate on helping ensure its local technology companies can compete and grow in a global marketplace.”

“The Starter Company Plus program is focused on helping entrepreneurs connect to training, mentorship and funding resources to build their ideas into viable businesses,” said Minister Brad Duguid. “Ontario is pleased to work with Founder Institute as we continue to help make it easier for entrepreneurs to bring ideas to market and grow Ontario’s innovation economy.”

 Since first launching in Toronto in 2014, the Founder Institute has helped create over 70 promising local technology companies, including CubbySpot, DeepPIXEL, FindBob, Intelocate, SpaceiShare, Shapetrace, and many more. Through the Founder Institute’s intensive, 14-week program, aspiring and idea-stage entrepreneurs receive the structure, mentor support, and global network needed to help build an enduring technology company. Based in Silicon Valley, the Founder Institute’s mission is to “Globalize Silicon Valley” and empower talented and motivated entrepreneurs to build companies that will create one million new jobs.

 “The Founder Institute is proud to be one of the programs investing in Toronto’s startup ecosystem,” says Adeo Ressi, Founder & CEO, Founder Institute. “The investment in entrepreneurship from the Province of Ontario and the City of Toronto has been impressive, especially their new Starter Company Plus Program. In combination with Toronto’s incredible and diverse talent pool, the region is well positioned to spawn and support the next generation of meaningful tech companies.”