Does LOI cost anything?+
LOI is 100% free. No tuition, no hidden fees, no fine print. Labs requires a $120 refundable deposit (returned when you complete the program) and Boost requires a $250 refundable deposit — these exist to confirm commitment, not to generate revenue.
Does LOI take equity in my company?+
Never. You keep 100% ownership of what you build. LOI doesn’t take equity, warrants, or any stake in your company. We’re here to back you, not buy into you.
Do I give up my intellectual property?+
No. Your ideas, your code, your brand — they’re yours. LOI doesn’t claim ownership or rights over anything you build while in the program.
Does LOI invest in startups?+
LOI doesn’t write investment cheques directly, but we actively connect founders to the right investors, grant programs, and non-dilutive funding sources. Labs and Boost Demo Days have facilitated $10M+ in funding interest to date.
Why is it free? What’s the catch?+
There isn’t one. LOI is a registered Canadian charity supported by national partners who believe the next generation of builders deserves a real shot. Removing cost as a barrier is a core part of our mission. Your job is to build — ours is to make sure you can.