Communitech's Hyperdrive Program Casts Net Across Canada for Startups

Posted by Techvibes NewsDesk

Communitech's Hyperdrive program is hosting startup recruiting events in Vancouver and Toronto this month to encourage applications from some of Canada’s most promising entrepreneurs.

The Vancouver event on November 14 fittingly coincides with Global Entrepreneur Week, which runs until November 18 and is the world’s largest celebration of the innovators and job creators who launch startups that bring ideas to life and drive economic growth.

"Entrepreneurship is the foundation of the new economy, driving grassroots innovation that can lead to commercial successes,” said Steve Currie, Communitech’s VP of Venture Services. “Hyperdrive is intended to provide seed to Series A funding for startups, and help them build a solid foundation from which to establish successful businesses.”

Applications are open for Hyperdrive's second cohort of up to 10 companies to be selected to participate in the two-year mentoring program. The Vancouver startup recruiting event is being held at Steamworks Pub in Gastown on November 14 from 5:30pm to 7:30pm. The Toronto recruiting event is slated for November 20 at the office of Polar Mobile starting at 6pm.

Currie says Communitech is looking for the most promising startups and is encouraging participation in the program from beyond Waterloo Region—from across Canada and around the world. "Attracting the best and brightest startup entrepreneurs to Waterloo Region to create more successful Canadian companies is what it’s all about,” said Currie.

Hyperdrive launched in the spring of 2012, and the first cohort of seven companies is six months into its two-year mentoring program. The next cohort of startup companies is being recruited now for selection and launch by February 1, 2013. Each cohort program begins with a three-month sprint to get companies off and running, and that sprint culminates with a week in the heart of the financial district in New York meeting with funders, partners and potential customers.

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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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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