FounderFuel Demo Day Spring 2012: Which are the most promising tech startups?

Posted by Louis Rheaume

Techvibes attended FounderFuel Spring 2012 Demo Day this week. The room was full with 800 visitors. For some observers, the quality of the startups making their 20 minute pitches in front of investors has improved significantly this year. 

According to a FounderFuel partner, tech entrepreneurs need three things in particular:

1. To have T-shirts with the name and logo of your startup.

2. To build something that people want by using resources available—like in Montreal, the huge creativity available—and present it in a magical way.

3. To capture the imagination of the market.

“I learned to focus on doing one thing very well for my start-up," one entrepreneur in the program said. "You learn in three months stuff that otherwise, may take two to three years to learn by yourself. You have to get out of the valley of death where you got all that important positive and negative feedbacks from the mentors to continue the vision, or make profound changes and pivot the business model.”

FounderFuel has over 120 mentors. Yes, entrepreneurs get funding for up to $25,000 in exchange for a 6% stake in the startup, but they also access to the strategic network of FounderFuel’s mentors. 

Three startups in particular seem to have a viable business model and have already attracted some funding before Demo Day.  These firms are Notesolution, which raised $400,000 in funding, Appifier, and Epilogger. These three startups also have a decent number of customers and revenue growth established.

We will cover in more details those firms in future articles by interviewing the CEOs.

Company:
OneClass (formerly Notesolution)
Website:
http://www.oneclass.com
Location:
Toronto, Ontario, Canada

Notesolution, an educational platform for crowdsourced university course content, is officially rebranding itself as OneClass. The start-up is on its way to building the first global interactive library for educational content across all levels of education. The reason for the rebrand is simple: the site offers much more to students than just notes. Since its inception in September 2010, the site has evolved from... 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:
Epilogger Inc.
Website:
http://Epilogger.com
Location:
Toronto, Ontario, Canada

Epilogger aims to be the primary destination for event attendees to relive or discover what happened last night from all points of view. People around the world are now, more than ever, sharing their lives in the public domain: experiences are tweeted, Facebooked, plus-oned, Flickered, blogged, checked- and Linked- in. While memories live on in the web they are fragmented, can be hard to find, and in some cases,... more


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Louis Rheaume

Louis Rheaume

Mr. Rhéaume has the scholarity of a doctorate in business administration, concentration in strategic management, innovation management and corporate finance. He holds a Master’s degree in finance. He has numerous years of experience in consulting, strategy, financial analysis and business intelligence, mainly in the telecommunications and computing industries. He has also been a researcher in... more



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