New Brunswick's Propel ICT announced today the names of 11 startups selected to participate in the first-ever cohort of Launch36 - a program designed to accelerate the growth of Atlantic Canada’s tech sector.
Modeled off of North America’s top startup accelerators, Propel ICT's Launch 36 uses the Lean Startup approach. It is a cohort-based accelerator program for early stage technology entrepreneurs to increase their chances of long-term success by providing an early opportunity to funding, mentorship, knowledge, and support.
Propel ICT Executive Director Trevor MacAusland has seen this model work from San Francisco to Toronto and is confident in its ability to succeed here. “Accelerator programs of this nature have proven successful at moving startups from the idea/R&D phase to commercialization more quickly. All that, while developing a cluster of sorts within a community,” he explained. “Our goal is to have Atlantic Canada be recognized as one of Canada’s most desirable emerging technology and innovation hubs.”
Aspiring entrepreneurs and existing startup companies gathered Saturday, February 4th for an intense ‘boot camp’ style day of pitching in front of mentors, coaches, and regional tech veterans. Pleased with the turnout, 11 companies were ultimately selected to participate in the aggressive 5-month program. Among the companies selected are:
Vidcruiter, a series of HR-focused products powered by video and designed to automate many aspects of recruiting. The next evolution in recruiting and hiring, Vidcruiter helps identify better applicants, therefore saving time for hiring managers and recruiters;
GistOf, an online lead generation tool that provides marketing teams with highly targeted leads and ability to engage customers, by leveraging the tremendous amount of social media data that is published everyday;
CyberPsyc Software Solutions, 3D simulation exposure therapy designed to help individuals overcome their phobias and anxieties;
Tabture, a browser plugin designed to help share the tabs of your web browser instantly with friends or colleagues;
Tribeonomics, a unique approach to on-line community persona analysis; and
JumpStart 720 International, a SAAS technology product that allows users to have their own personal accountability coach and life enhancement portal to motivate, train and measure results for increased productivity and the reduction of stress.
In addition to the companies mentioned above, Propel ICT’s Launch36 program has accepted 5 other exciting companies currently operating under the radar. Propel ICT plans to launch a minimum of 36 news companies in 36 months via the program.