Canada's Newest Tech Accelerator, JOLT, Joins TechStars Network

Posted by Rob Lewis

Canada's newest technology accelerator, JOLT, announced today that it is now a member of Global Accelerator Network (formerly TechStars network).

Based in Toronto, JOLT is dedicated to building high-growth web and mobile companies that promise to transform the way consumers and enterprises connect, work, and play.

Housed in the MaRS Commons, JOLT will select up to 15 startups annually, providing them with space, seed financing, and mentorship.

The Global Accelerator Network (GAN)is an alliance championed by TechStars and originally created as part of the White House’s Startup America Initiative. JOLT is not the first Canadian accelerator to become part of the GAN - Montreal's FounderFuel has also leveraged the TechStars brand north of the border.

In exchange for a small amount of equity, selected JOLT companies receive $30,000 in initial financing, office space in the MaRS Commons, and access to a diverse network of 80-plus mentors. In addition, through the GAN membership, JOLT offers startups access to nearly $100,000 in free perks from over 25 of the best vendors in the world, including Amazon, Rackspace, and PayPal.

Entrepreneurs interested in JOLT can apply online until May 30. Up to eight companies will be selected to participate in the summer 2012 cohort.

Company:
TechStars
Website:
http://www.techstars.org
Location:
Boulder, Colorado, United States

TechStars is really different. It’s a mentorship-driven seed stage investment fund located in Boulder, Colorado which is quickly becoming one of the country’s top startup hubs. more

Company:
MaRS
Website:
http://www.marsdd.com
Location:
Toronto, Ontario, Canada

MaRS connects the communities of science, business and capital and fosters collaboration among them. This happens physically through location of research labs, companies of all sizes, business advisors, investors and professional services within the MaRS Centre and more broadly through hands-on advisory services, entrepreneurial programming, our structured networks and expanding electronic community. Located in... 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


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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