Montreal welcomes new early-stage, startup accelerator: FounderFuel

Last week the West Coast got a new startup accelerator with the launch of GrowLab in Vancouver and today it's Montreal's turn.

Montreal Start Up and Real Ventures announced today that they have committed over $2 million dollars to the newly created accelerator program called FounderFuel.

FounderFuel has the support of the Montreal startup community (and North America) having attracted over 85 experienced entrepreneurs, top executives, VCs, and Angels to join the team of mentors. The list is long so I won't list it here although GrowLab and FounderFuel do share a connection - GrowLab co-founder Jason Bailey is an investor at FounderFuel.

Ian Jeffrey, formerly Vice President at Tiny Pictures (Radar.net) and subsequently Director of Marketing at Shutterfly after its acquisition of Tiny Pictures, has been tapped to become FounderFuel's General Manager.

FounderFuel is seeking disruptive teams of highly creative and committed entrepreneurs. 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. Teams may apply until July 1st.

It's great to see a new accelerator join Year One Labs, Flow Ventures, and Tandem Launch in Montreal. Now if only the Canadiens could make it past the first round of the playoffs.

Go Canucks!

Company:: Montreal Start Up
Website:: http://www.montrealstartup.com
Location:: Montréal, Québec, Canada

We invest in entrepreneurial teams with big visions and global aspirations looking to establish companies in Montreal. We provide seed level financing, as well as strategic and operational input, in order to help them turn their ideas into successful companies. We are looking to invest in software-based businesses in the Internet, wireless and media spaces. Our team has a deep understanding of, and extensive... more

Company:: Real Ventures
Website:: http://www.realventures.com
Location:: Montréal, Québec, Canada

We look for inspiring entrepreneurs who exhibit unique insight and appreciation of their target market and industry. You can be first time or seasoned. If you have passion, vision and a big opportunity we want to work with you. We’ve had our successes and failures, so we should know what you’re going through and so we look for entrepreneurs who want our input and are open to this collaborative approach. We look to... 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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Rob Lewis

Rob is the President of Techvibes Media Inc. 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... more

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