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Overview

How is MaRS involved?

As partner of the Supply Chain AI accelerator program, MaRS supports a cohort of up to 12 eligible venture companies applying AI to supply chains, providing them with hands-on advice, mentorship, market insights and subject matter expertise, along with marketing opportunities and critical connections to capital, talent and customers. 

MaRS aims to empower the next generation of global leaders in supply chain AI technologies, as well as educate the tech ecosystem on the economic potential of AI in supply chain and manufacturing.

(For more detailed information on the program, FAQs and Terms and Conditions, please download our applicant guide).

Participant benefits

Selected companies will participate in a seven-month accelerator program, from Sept. 1, 2020, to March 31, 2021, and will receive access to the following benefits, over and above the existing MaRS Growth Services offerings (as further described in the Applicant Guide): 

  • Business advisory services
  • Capital and talent intensive programs
  • Market intelligence insights and services
  • AI/ML consulting services
  • Six-month residency in the MaRS Beta coworking space (optional) and online community
  • PR and creative services
  • Participation in high-profile MaRS Supply Chain AI conference and demo day to connect with prospective customers and investors, as well as access to sessions and events exclusive to the Supply Chain AI cohort

While the following qualifiers do not impact eligibility of Ventures to access the Program, we wish to communicate that the Program is most likely to deliver the highest impact to: 

  • Companies with at least $500,000 CAD in annual revenue, and/or companies that have raised more than $5 million ($5,000,000) in capital (non-dilutive and dilutive)
  • Companies that are early-growth and have some initial customer traction and market demand, are fairly confident about product/market fit, and are preparing for growth or are in the initial stages of scaling for growth
  • Companies that are actively engaged in the Supply Chain AI community (participating in events, networking) and interested in building connections with other community members
  • Companies looking to hire in the next six months and adopt HR best practices for growth
  • Companies looking to raise a financing round with institutional investors in the next six months (at least seed-level, $1 million or greater)
  • Companies who have actively engaged with advisors in the past and leveraged services supporting their business growth and success

Eligibility

Program eligibility criteria

The following criteria will be applied to determine if an applicant (also referred to as a Venture) is eligible for the Program:

  • The Venture must be:
    • Incorporated, based and operating in Canada
    • Focused on applied AI and intelligent supply chain products and/or services
    • Less than two years old, or employing fewer than 500 globally (including its affiliates) or has had an average annualized revenue growth rate of greater than 20 percent over the past three years
    • An existing MaRS Growth Services venture company at the time of application, or part of and referred by an incubator, accelerator or other entrepreneurial program within Canada

*Ventures selected for the program agree to join the MaRS portfolio

  • Venture must be at the validation stage, have developed a minimum viable product (MVP) and able to demonstrate evidence that their technology solves a real problem for an identified market or is at the efficiency stage, experiencing initial traction in a receptive-enough market to build a business in

*Venture stage definitions were adopted from the following article

  • Venture must fall under one of the industry sectors and supply chain categories outlined in the application form 
  • Venture must demonstrate evidence of customer interest and traction

Program objectives

  • Support the next generation of global leaders working in supply chain AI technologies
  • Attract venture capital and investment to the supply chain AI sector
  • Encourage top talent to work at supply chain AI startups
  • Educate the tech ecosystem on the economic potential of AI in supply chain and manufacturing
  • Continue venture support after completion of program through MaRS Growth Services

Interested in joining the Supply Chain AI at MaRS Program?

The application window will be open from June 30, 2020 (12:01 a.m. EST), and will close on July 26, 2020 (11:59 p.m. EST).

Any questions? Email: supplychainai@marsdd.com

Apply now