A Breakdown of Canada's Eight Biggest Startup Accelerators

Posted by Knowlton Thomas

Toronto-based MaRS Discovery District recently released a report called Seeding Success: Canadian Startup Accelerators that breaks down numerous aspects of accelerator programs in Canada.

In the report, MaRS highlights the biggest accelerators in Canada, noting their funding for equity exchanges, their program durations, and whether or not they're eligible for BDC's $150,000 convertible note. Check out Canada's eight biggest startups below.

 

FOUNDERFUEL

- $50,000 for 9% equity

- Lasts 12 weeks, ends with a demo day

- Three cohorts and 37 startups as of mid-2013

- Launched by Real Ventures, based in Notman House in Montreal

- Startups are eligible for a $150,000 BDC convertible note

- Example startup: Epilogger

 

GROWLAB

- $20,000 to $25,000 for 5% to 9% equity

- Lasts 16 weeks, ends with a demo day

- Three cohorts and 16 startups as of mid-2013

- Based in Vancouver

- Startups are eligible for a $150,000 BDC convertible note

- Example startup: ePact

 

THE NEXT 36

- Up to $80,000 for 8% equity

- Long-term duration, startups formed after program begins

- Three cohorts and 31 startups as of mid-2013

- Based in Toronto

- Example startup: Kira Talent

 

SEE ALSO: Six Reasons Why Your Startup Should Join an Accelerator

 

UTEST

- $30,000 for 5% equity

- Six-month program and a presentation day

- Two cohorts and 11 startups as of mid-2013

- Based in Toronto

- Example startup: Whirlscape

 

EXTREME STARTUPS

- $50,000 for 10% equity

- Lasts 12 weeks, ends with a demo day

- Six cohorts and 27 startups as of mid-2013

- Based in Toronto

- Startups are eligible for a $150,000 BDC convertible note

- Example startup: Granify

 

[IN]CUBES

- $15,000 for 7.5% equity

- Lasts 12 weeks, ends with a demo day

- Four cohorts and 19 startups as of mid-2013

- Based in Toronto

- Example startup: Hovr.it

 

HYPERDRIVE

- $40,000 for 6% equity

- Lasts 12 weeks, ends with a demo day

- Two cohorts and 18 startups as of mid-2013

- Based in Waterloo's Communitech Hub

- Startups are eligible for a $150,000 BDC convertible note

- Example startup: Incentivibe

 

JOLT

- $50,000 for 9% equity

- Lasts 16 weeks, ends with a demo day

- Two cohorts and 12 startups as of mid-2013

- Based in Toronto

- Example startup: StyleKick

 

http://www.techvibes.com/blog/why-your-startup-should-join-an-accelerator-2013-06-29

Company:
GrowLab Ventures Inc.
Website:
http://www.growlab.ca
Location:
Vancouver, British Columbia, Canada

GrowLab supports the World's best entrepreneurs through seed funding, office space, mentorship & programming in Vancouver & San Francisco. more

Company:
FounderFuel
Website:
http://www.founderfuel.com
Location:
Montréal, Québec, Canada

At FounderFuel we believe startup success is more about the people than the idea. We take a lot of care in choosing the smartest and most resourceful, dedicated and passionate people we can find. Once selected to join the program, you’ll be surrounded by a few like-minded entrepreneurial teams for an 12 intense weeks. You will be developing your business within an ecosystem of experienced entrepreneurs, top... more

Company:
INcubes
Website:
http://www.incubes.ca
Location:
Toronto, Ontario, Canada

[IN]cubes is a Toronto based INcubator and accelerator that sources emerging entrepreneurs and talented startup teams, and graduates qualified businesses with innovative products and ideas towards their first round of capital. [IN]cubes connects with the most forward-thinking and grass-roots Canadian talent with the goals of transforming their new and disruptive technologies into international sensations. more

Company:
JOLT Accelerator
Website:
http://www.joltco.ca
Location:
Toronto, Ontario, Canada

JOLT is a technology accelerator dedicated to building high-growth web and mobile companies that promise to transform the way consumers and enterprises interact with technologies. more

Company:
Extreme Startups
Website:
http://www.extremestartups.com
Location:
Toronto, Ontario, Canada

Extreme Startups is a venture backed startup accelerator that supercharges founder development, optimizes product-market fit and graduates fundable companies. Our evolved programs provide an unrivaled combination of seed capital (up to $250K), digital product leadership education and access to a global pool of mentors. Investors and financial partners include Business Development Bank of Canada (BDC), Relay... more

Company:
UTEST
Website:
http://www.utest.to
Location:
Toronto, Ontario, Canada

The UTEST Program is part of the University of Toronto's growing ecosystem of incubators and commercialization support services. In partnership with MaRS Innovation, it provides nascent software companies with start-up funding, mentoring, business strategy and office space in the MaRS Discovery District facility. more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more



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