Incubators and Accelerators are programs designed to accelerate the successful development of entrepreneurial companies through an array of business support resources and services. While Incubators and Accelerators may vary in the way they deliver their services, their popularity is at an all time high.
Thanks to Y Combinator and TechStars, the unique combination of funding and mentoring has become a successful model that others think they can replicate. So much so that late last year, TechStars co-founder David Cohen said that we're in a startup accelerator bubble.
But one fact remains true - successful completion of an accelerator program increases the likelihood that a startup will stay in business for the long term.
So, where does this leave Canadian tech entrepreneurs looking to get their new business idea accelerated with funding and mentorship?
A handful of Canadians have had success through Y Combinator and TechStars. And even with the new kid on the block 500Startups. But competition for these programs is tougher than ever and not everyone wants to head south to prove themselves.
For those entrepreneurs that want to stick close to their Canadian roots, there are options that are worth investigating. Below is Techvibes comprehensive list (well, not quite yet but with your suggestions in the comments it will be soon) of Canadian Incubators and Accelerators.
Incubators and Accelerators that provide funding:
Flow Ventures, Montreal
Tandem Launch Technologies, Montreal
Year One Labs, Montreal
Mercury Launch, Ottawa
Extreme University, Extreme Venture Partners, Toronto
MaRS Investment Accelerator Fund, Toronto
Velocity, University of Waterloo, Waterloo
institute B, Vancouver
Incubators and Accelerators that do not provide funding:
Accelerator Centre, Waterloo
Communitech Venture Services Program, Waterloo
OCRI Entrepreneurship Centre, Ottawa
Centre for Growth, BCTIA, Vancouver
entrepreneurship@UBC, UBC & BCIC, Vancouver
entrepreneurship@UVIC, UVIC & BCIC, Victoria
Accelerate Okanagan, Kelowna
TIMES Ventures Innovation Incubator, SFU, Vancouver
Discovery Parks Generator Program, Vancouver
Outside of Canada but exclusively available to Canadians:
CTA@SF, Trade Commissioner Service and RocketSpace, San Francisco, CA, USA
CTA@Plug-and-Play, Trade Commissioner Service and the Plug and Play Tech Center, Sunnyvale, CA, USA
Once again, if we're missed anybody please make suggestions in the comments and we'll update in real-time.