Yes, students are eligible to apply if all the requirements of their PhD are complete before September of the fellowship year. In certain cases, a successful fellow may negotiate a later start date with the host office if a thesis defence is scheduled in early September.
Mitacs is funded by the Government of Canada, the Government of Alberta, the Government of British Columbia, Research Manitoba, the Government of New Brunswick, the Government of Newfoundland and Labrador, the Government of Nova Scotia, the Government of Ontario, Innovation PEI, the Government of Quebec, the Government of Saskatchewan, and the Government of Yukon.