We all know that there is no shortage of Canadian incubators and accelerators. But what if your dream is to take your business idea south of the border?
If so, Seattle may be worth a look—especially if you're working on enterprise software. Seattle's 9Mile Labs is focused on business-to-business software and cloud technologies and is now accepting applications for its program starting April 2013.
9Mile Labs runs two three-month programs every year, each with a group of nine startups. During this three-month period, 9Mile Labs will invest $20,000 in each of the companies joining the program in exchange for 6% to 8% equity.
Startups receive access to a network of mentors and advisors who have startup, technology, business, and functional experience. Startups also get perks such as free workspace, internet access, and hosting.
At the end of the 9Mile Labs program, the startups in the program have the opportunity to pitch their businesses to angel investors, venture capitalists, industry influencers and executives during the 9Mile Labs Demo Day. This is an opportunity for the startups to raise the next level of funding they’ll need to scale and grow their business.
According to 9Mile Labs, their mentor network is a step above the typical. 9Mile Labs' mentors come from a cross-section of the high-tech industry. A majority of the mentors are successful entrepreneurs, CEOs, and business veterans from the startup world, the accelerator says. Many are executives from the high-tech business world who have excelled in an executive or functional capacity. And others are VCs and angel investors who have worked extensively with startups.
9Mile Labs next application deadline is Feb 15.