A Closer Look at Canada's Seven True Startup Accelerators

Posted by Rob Lewis

Over the past three years, dozens of accelerators and accelerator-like programs have emerged in Canada. However, there is debate about their value—do accelerators hurt startups, and can the accelerators themselves succeed?

New research by MaRS Data Catalyst this week provided a "fact-based foundation for discussion." The report cites Canada as having seven "true" accelerators: GrowLab in Vancouver; Hyperdrive in Waterloo; FounderFuel in Montreal; and Extreme Startups, INcubes, Jolt, and Utest in Toronto.

Check out MaRS' visualization of Canadian accelerator data below, including how many offer equity for funding, how big the ecosystem is in terms of mentors and founders, and the selection process.

 

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:
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:
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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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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