An eligible Home Incubator must be formally linked to a Canadian academic institution (e.g., a university or an Ontario College). The prerequisites state that the company must have been housed there for a minimum of three months and a maximum of four years. This requirement ensures that the startup benefits from an established organizational structure and advisory network before seeking international entrepreneurship and innovation opportunities.
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.