Second-round of Joule Innovation grants now open

Joule has opened its second round of grants seeking promising physician-led ventures designed to innovate and revolutionize health care in Canada.

Five grants ranging between $25,000 and $50,000 will be allocated in three categories to eligible Canadian Medical Association (CMA) members. Deadline for applications is May 1, 2017 with submissions being made via the Joule app.

Grant categories
Later-stage innovations (two grants available: one $50,000 and one $25,000 grant)
This category is reserved for established initiatives that have begun to assemble a team, have some seed funding and are in market with a proven sustainable revenue stream. Initiatives may include a product, service, technology, or other innovation. Social initiatives are not eligible.

Early-stage innovations (two $25,000 grants available)
This category is open to early-stage initiatives with some seed funding, no or minimal revenue, a credible business model and proven feasibility.  Initiatives may include a product, service, technology and other innovation. Social initiatives are not eligible.

Social innovations (one $25,000 grant available)
This category is exclusively for an initiative that addresses a societal problem in a more effective, efficient or sustainable manner than the status quo, and for which the value created accrues primarily to healthcare as a whole rather than private individuals or organizations. Initiatives may include a product, service, process, model of care and/or policy. Seed funding must be in place. Social innovations eligible for a Joule Innovation grant may be in the early or later-stage of their lifecycle.

Learn more about Joule Innovation and its grant program.