Communitech Hyperdrive Opens Applications for Third Cohort

Posted by Rob Lewis

Communitech's Hyperdrive incubator has opened applications for its third cohort of startups.

Since its creation a year ago, Hyperdrive has admitted 18 companies in two cohorts of a $30-million program based at the Communitech Hub in Kitchener.

According to Hyperdrive, these startups have created more than 70 jobs, raised more than $2.5 million in investment, and generated more than $500,000 in revenue.

RELATED: Check Out Hyperdrive's Second Cohort

"Our focus is to help early-stage companies grow into sustainable businesses," says Doug Cooper, Hyperdrive's Managing Director. "Our mission is to take companies from seed stage to Series-A investment ready in 24 months."

Hyperdrive starts with a "rigorous three-month sprint," in which startups focus on validating their markets and acquiring customers. The companies then spend nine months refining their businesses and building sales channels, followed by a full year of scaling up operations.

Apply to Hyperdrive Cohort 3 here.

 

Company:
Communitech
Website:
http://www.communitech.ca
Location:
Waterloo, Ontario, Canada

Communitech is located in Waterloo Region, 110 kilometres (66 miles) west of Toronto, Ontario, Canada in an area that includes the cities of Kitchener and Waterloo. Communitech is the regional hub for the commercialization of innovative technologies supporting and building a Southwestern Ontario tech cluster of close to 1,000 companies that now generates more than $30B in revenue. A member of the Ontario Network... 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


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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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