Canadian Media Fund Launches Accelerator Partnership Program to Help Fund Startups

Posted by Suzanne Huber

The Canadian Media Fund (CMF) recently announced that they will be launching the CMF Accelerator Partnership Pilot Program, which will award $360,000 of additional funds to startups participating in digital- and media- friendly incubators in Canada.

The CMF Accelerator Partnership Pilot Program aims to connect CMF projects with accelerators to access more funds from investors and mentorship for their candidates to utilize existing resources in the ecosystem. Applicants have to apply for both the CMF program as well as go through the incubators standard selection process to qualify. If the incubators select startups in the A3P program, they will have access to an additional $30,000 for their company.

Incubators will receive an approved list from the CMF of 220 companies across Canada in their pipeline. Startups need to be sure to apply for both programs to be considered for the grants. This initiative shows the support the Canadian government has for the accelerator process for startups in Canada.

The CMF has selected incubators to participate based on their capacity to work with digital media projects. Each of these accelerators will be awarded one grant to give a startup with A3P funds in addition to the other funds and perks for those accepted. Participating incubators include: INcubes, ideaBoost, Inno-Centre, Ryerson Futures Digital Media Zone, FounderFuel, Execution Labs, GrowLab, and Hyperdrive.

INcubes cofounder Ben Zlotnick is looking forward to seeing the potential of the companies already involved within the space.

“An extra $30,000 can go a long way," he says.

The program will help support disruptive Canadian companies that are looking to launch in North American with the goal of going global. Participants in the INcubes accelerator are coached to scale fast and fail fast. He also encouraged that the digital element is quite vast so a lot of startups can still qualify with applications and software.

“Being a part of the Canadian ecosystem is really starting to pick up," Zlotnick says. "It is exciting to see entrepreneurs, corporations and the government getting more involved in this industry, it is only going to help grow the economy and jobs available for young people in this country."

The A3P program awards a piece of equity to each incubator for their participation in the experimental program.

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:
Communitech HYPERDRIVE
Website:
http://hyperdrive.communitech.ca
Location:
Kitchener-Waterloo, Ontario, Canada

Communitech HYPERDRIVE is a startup incubator that provides enhanced mentorship and other life cycle services to early-stage tech companies. The goal of the program is to maximize the ability of these companies to commercialize innovations and prepare them for investment opportunities. The program also enables 'soft landings' for experience in foreign markets, and higher visibility for investment sources and... more

Company:
Execution Labs
Website:
http://executionlabs.com
Location:
Montréal, Québec, Canada

Execution Labs is a first-of-its kind, hybrid game incubator and go-to-market accelerator. English translation: we help independent game developers produce games and bring them to market. More than that, our goal is to enable experienced developers to become true entrepreneurs and pursue their dreams of creative independence. We’re based in Montreal with a business outpost in San Francisco. Sound sexy? Cool. Look... more


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Suzanne Huber

Suzanne Huber

Suzanne started her career by launching a software company that offered real-time flight information and digital advertising to hotels. In just over a year the company grew throughout Canada and into the US. Clients included Westin Hotels, Hilton Hotels, Marriott Hotels the Pan Pacific in Vancouver and many others. Since then Suzanne has advanced marketing and technical expertise and has been... more



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