GrowLab vs. FounderFuel: How Do They Measure Up?

Posted by Bryce Tarling

Two startup accelerator programs, GrowLab and FounderFuel, have been announced in the past couple of weeks. Both companies will offer new startups the knowledge and the means to become successful, but how does each program compare?

Location:

  • GrowLab: Vancouver & San Francisco
  • FounderFuel: Montreal

Start date:

  • GrowLab: August 15, 2011
  • FounderFuel: August 15, 2011

Program duration:

  • GrowLab: 4 months (3 months in Vancouver; 1 month in San Francisco)
  • FounderFuel: 3 months

Accelerator Funding:

  • GrowLab: $2.5 Million
  • FounderFuel: Over $2 Million dollars committed to date

Individual Investment size:

  • GrowLab: Up to $25,000 in exchange for 5-10% equity in the company. In addition to the $25K in seed funding, GrowLab has partnered with BDC to offer each company that successfully graduates from the program up to $150,000 in follow-on funding.
  • FounderFuel: Each team in the program receives a $10K investment, plus an additional $5K per co-founder in exchange for 6% equity in the company. As an example, a team of 3 will receive a total of $25K.

Who's Involved?

  • GrowLab: Managing Director Michael Tippett and founders Boris Wertz, Leonard Brody, Debbie Landa, and Jason Bailey.

Deadline to apply:

Disclosure: GrowLabs' Boris Wertz and his W Media Ventures is an investor in Techvibes Media Inc.

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


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Bryce Tarling

Bryce Tarling

Bryce is currently studying in the Douglas College Print Futures Program in pursuit of a career in writing and editing. He has worked as an English teacher both in the Lower Mainland and in Japan. He has also served brief stints in the restaurant industry. In his free time he enjoys photography, consuming media in the form of books, film, and music, and finding delectable places for trying... more



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