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.