- 3 years ago

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Toronto-based MaRS Discovery District recently released a report called Seeding Success: Canadian Startup Accelerators that breaks down numerous aspects of accelerator programs in Canada.

In the report, MaRS highlights the biggest accelerators in Canada, noting their funding for equity exchanges, their program durations, and whether or not they’re eligible for BDC’s $150,000 convertible note. Check out Canada’s eight biggest startups below.

 

FOUNDERFUEL

– $50,000 for 9% equity

– Lasts 12 weeks, ends with a demo day

– Three cohorts and 37 startups as of mid-2013

– Launched by Real Ventures, based in Notman House in Montreal

– Startups are eligible for a $150,000 BDC convertible note

– Example startup: Epilogger

 

GROWLAB

– $20,000 to $25,000 for 5% to 9% equity

– Lasts 16 weeks, ends with a demo day

– Three cohorts and 16 startups as of mid-2013

– Based in Vancouver

– Startups are eligible for a $150,000 BDC convertible note

– Example startup: ePact

 

THE NEXT 36

– Up to $80,000 for 8% equity

– Long-term duration, startups formed after program begins

– Three cohorts and 31 startups as of mid-2013

– Based in Toronto

– Example startup: Kira Talent

 

SEE ALSO: Six Reasons Why Your Startup Should Join an Accelerator

 

UTEST

– $30,000 for 5% equity

– Six-month program and a presentation day

– Two cohorts and 11 startups as of mid-2013

– Based in Toronto

– Example startup: Whirlscape

 

EXTREME STARTUPS

– $50,000 for 10% equity

– Lasts 12 weeks, ends with a demo day

– Six cohorts and 27 startups as of mid-2013

– Based in Toronto

– Startups are eligible for a $150,000 BDC convertible note

– Example startup: Granify

 

[IN]CUBES

– $15,000 for 7.5% equity

– Lasts 12 weeks, ends with a demo day

– Four cohorts and 19 startups as of mid-2013

– Based in Toronto

– Example startup: Hovr.it

 

HYPERDRIVE

– $40,000 for 6% equity

– Lasts 12 weeks, ends with a demo day

– Two cohorts and 18 startups as of mid-2013

– Based in Waterloo’s Communitech Hub

– Startups are eligible for a $150,000 BDC convertible note

– Example startup: Incentivibe

 

JOLT

– $50,000 for 9% equity

– Lasts 16 weeks, ends with a demo day

– Two cohorts and 12 startups as of mid-2013

– Based in Toronto

– Example startup: StyleKick

 

http://www.techvibes.com/blog/why-your-startup-should-join-an-accelerator-2013-06-29