Montreal joins incubator trend with Year One Labs

Posted by Rob Lewis

The Montreal startup community just got a boost. In the same vein of Bootup Labs in Vancouverr and Extreme Venture Partners in Toronto, Montreal now has its own "seed accelerator". Year One Labs launched today.

Year One Labs was founded by four Montreal entrepreneurs - Ben Yoskovitz, Raymond Luk, Alistair Croll and Ian Rae.

Year One Labs is taking a hand-on approach to advising, focused on co-creating startups with entrepreneurs in the program. The program itself is dedicated to the “Lean Startup methodology,” which centralizes around the customer development process, validating the idea and market strategy before product development.

Besides advising and mentoring, accepted startups will receive $50K, issued in tranches based on milestones in the development. Startups will also be able to rent space in Year One Labs for free. In exchange for this, Year One Labs takes a minority stake in startups, typically between 10 percent and 20 percent of equity.

Mentors at launch include Flowtown co-founder Dan Martell and Shopify creator Tobias Lutke.

Company:
Year One Labs
Website:
http://www.yearonelabs.com
Location:
Montréal, Québec, Canada

We provide funding, hands-on operational help, guidance and a strategic curriculum to help initiate, co-create and accelerate startups. Technology is moving faster than ever. As the cost of launching new ventures drops, more and more startups throw themselves out there, only to find that there’s a lot of work “post-launch.” Today, startups don’t fail because of technical challenges; rather, they fail because of... 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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