Montreal-based accelerator FounderFuel has announced that they are doubling their investment in startups with their next cohort.
According to their blog, “We’re excited to announce an important change to the FounderFuel program. As of today, future cohorts will receive $50,000 in exchange for 9% equity instead of the old $25,000 for 6% model.”
Here’s a summary of FounderFuel’s new offer for startups: they’ll offer $50,000 for 9% equity on Day 1 of the program; $150,000 in convertible debt at Demo Day; $150,000 of “exclusive discounts and perks”; three months of free office space in the Valley after Demo Day; 120 startup veteran mentors (serial entrepreneurs, investors and senior executives). The accelerator points out there will be 800 people at Demo Day, making it the largest event of its kind in North America
Interested? Apply before midnight February 8, 2013.