Karsten Wenzlaff, Advisor
August 26th, 2025
Regulation | Nov 21, 2025

Image: Freepik/jannoon028
On November 19, 2025, the Ontario Securities Commission announced the launch of its Research Grant Competition. This is a pilot initiative that provides up to five (5) grants of $30,000 each to support research on the competitiveness of Ontario capital markets.
The purpose of the competition is to invite proposals from researchers to examine how Ontario capital markets can stay efficient, innovative, and globally competitive as outlined in the Competition Details.
The program is open only to researchers who work at or are enrolled in a Canadian academic institution and who have not been employees or directors of the OSC during the past five years. Applicants must also confirm that they aren't involved in any unresolved regulatory or criminal findings. The OSC will award up to five grants of thirty thousand dollars with submissions due February 27 2026, winners notified April 17 2026, and final papers due August 14 2026.
Grant Vingoe, CEO of the OSC:
“The OSC Research Grant Competition is seeking to tap into Canada’s brightest minds to undertake the challenge of delving into the competitiveness of Ontario’s capital markets. In light of the current global geopolitical and economic challenges, it is increasingly important that we look at ways to help Ontario’s capital markets remain competitive, and we welcome the fresh thinking that the competition will bring, as we look ahead and plan future initiatives.”
The OSC will review proposals based on alignment with its mandate, originality, feasibility, academic support, and public benefit. Successful researchers will have their papers published on the OSC website and may present findings directly to senior leadership.
The competition currently limits eligibility to academic researchers. Wider participation from industry experts, innovators, and market practitioners could provide applied evidence on real operational friction such as registration, compliance, cost, access to capital, and technology adoption.
Numerous experienced practitioners who work on the front line encounter daily competitive pressures and could offer insights that complement academic analysis but unfortunately grant funding appears tied to researchers in academia.
Ensuring Ontario's capital markets remain competitive plays a key role in Canada's economic strength. While the research supported by this OSC initiative could influence future policy decisions related to capital formation, market structure, and investor confidence, if the goal is truly to benefit Ontario's capita markets one wonders why participation is restricted to researchers. The bottom line is that whatever insights are produced, if the OSC is to implement any of the ideas into practice it must be done swiftly, especially insights that help identify (quantify) structural barriers that affect the ability of Canadian firms to grow and compete globally.
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