Communitech's HYPERDRIVE Accelerator Issues Final Call for Entrepreneurs to Apply

by Techvibes NewsDesk

Waterloo-based Communitech is making a final call for applications for it new HYPERDRIVE acclerator. Interested entrepreneurs have until June 4 to apply to the $30 million program to seed, fund, and grow new businesses.

HYPERDRIVE’s location in the Waterloo Region is home to one of the largest pools of engineering talent outside Silicon Valley, and the Communitech Hub, housed in a historic tannery, is one of the coolest workspaces in Canada.

HYPERDRIVE provides support to startups from Seed to Series A and the program includes:

  • An initial three-month “sprint” with hands-on guidance from a world-class network of mentor.
  • One week in New York City during the three-month sprint to meet with funders, partners and potential customers.
  • Soft landing opportunities in the US and abroad.
  • $55,000 (equity and loan) and in-kind program support of $100,000, including legal and accounting services.
  • Demo days and chances to pitch top Angels, VCs and other funders

HYPERDRIVE's supporters include Canrock Ventures, BDC Venture Capital, OMERS Ventures, and RIM.

Communitech HYPERDRIVE
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... more

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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more

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