Toronto's Extreme Startups Reveals First Five Companies [Updated]

Posted by Techvibes NewsDesk

Toronto-based accelerator (not an incubator, like some misinformed people suggest) Extreme Startups has selected five companies for the inaugurual round of its program.

The organization saw applications from companies in 18 countries spanning five continents, according to TechCrunch—but ultimately settled with an all-Canadian lineup. Three startups are based in Extreme's hometown of Toronto, while one is from Edmonton and one is from Ottawa.

The five startups selected were Gijit, which enhances calendars; ShopLocket, which lets users sell stuff; Granify, which uses big data technology to optimize e-commerce; Verelo, which offers website monitoring; and SimplyUs, which organizes couples' lives.

Extreme Startups will provide $50,000 to each startup at the beginning of a three-month program for a 10% equity stake in the company. The accelerator has 50 mentors ready to assist these startups during the program.

Extreme Startups is hosting a Demo Day on Tuesday, June 19, from 1pm to 4pm EST at The Berkeley Church and Fieldhouse  in East Toronto.

Company:
Gijit
Website:
http://www.gijit.co
Location:
Toronto, Ontario, Canada

The go-to app for your next 48 hours. Gijit shows you everything you need to know about your schedule for today and tomorrow. Find out more about who you’re meeting, where you're meeting them and things nearby—all within your Google Calendar. more

Company:
ShopLocket
Website:
http://www.shoplocket.com
Location:
Toronto, Ontario, Canada

ShopLocket lets anyone start selling professionally online in minutes. Simply publish a product, embed it in any website, Facebook page, or blog post, and start collecting orders. Finally, selling online is as simple as it should be. more

Company:
Verelo
Website:
http://www.verelo.com
Location:
Toronto, Ontario, Canada

With more websites and users online than ever before, the cost of downtime has never been higher. Verelo provides Malware detection, downtime monitoring and alert notifications as soon as an issue is detected with your website. While focused on large scale hosting providers, anyone can get started with a Verelo account and monitor their website or blog for free. more

Company:
SimplyUs
Website:
http://www.smplyus.com
Location:
Toronto, Ontario, Canada

SimplyUs helps couples organize their life together. It's incredibly useful and keeps you close to your significant other. Start living the simple life today. more

Company:
Extreme Startups
Website:
http://www.extremestartups.com
Location:
Toronto, Ontario, Canada

Extreme Startups is a venture backed startup accelerator that supercharges founder development, optimizes product-market fit and graduates fundable companies. Our evolved programs provide an unrivaled combination of seed capital (up to $250K), digital product leadership education and access to a global pool of mentors. Investors and financial partners include Business Development Bank of Canada (BDC), Relay... more

Company:
Granify
Website:
http://granify.com
Location:
Edmonton, Alberta, Canada

Granify automatically maximizes revenue for online retailers by identifying shoppers that aren’t going to buy and changing their mind - before they leave the site - by harnessing the power of real-time big data and machine learning. more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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