Fight Against Cancer Innovation Trust Launches Prospects Oncology Fund
Summary
Toronto, Ontario, Canada-based Fight Against Cancer Innovation Trust (“FACIT”) has launched The Prospects Oncology Fund.The evergreen fund, whose capital is allocated annually, is designed to advance early-stage cancer discoveries by supporting the proof-of-concept studies needed to attract seed-stage investment.Managed by FACIT, the Prospects Fund aims to provide pre-seed, promising oncology discoveries in Ontario with up to $200K to help the technology reach a funding-ready inflection point.Selected projects are provided with a development roadmap and the capital to execute key studies designed to improve commercial attractiveness.In addition, successful applicants are provided with guidance and access to FACIT’s network of experts.
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