There's a new grant program available to Ontario tech entrepreneurs who are 18-29 and affiliated with a university: http://www.oce-ontario.org/programs/entrepreneurship-programs/smartstart-seed-fund.
The grant program is called the "SmartStart Seed Fund" and is a program delivered by the Ontario Centres of Excellence.
The requirements aren't too tough: 1) 18-29 years old 2) University connections 3) Owned IP 4) Canadian citizen/permanent resident.