New Brunswick’s Propel ICT is an accelerator program for tech entrepreneurs designed, like similar programs in other cities across Canada, to increase their startups’ chances of long-term success by giving them access to funding, mentorship, knowledge, and support.
Hosted by Propel, Launch36 is a 12-week program with six one-day “boot camp” sessions held in Moncton, New Brunswick. Each participating startup is selected by a panel of entrepreneurs and investors based on the quality of the team, product opportunity and growth potential.
Launch36’s “Demo Day,” where participants pitch their companies to a room filled with hundreds of potential partners and investors, will be held in Halifax. The Launch36 program has also partnered with BDC Venture Capital, which will offer a $150,000 seed investment in venture-ready companies upon completion of the program.
“Our program is tough and intense. It’s a powerful boost for startups that mean business. Launch36 entrepreneurs work closely with our highly engaged coaches as well as a network of over 70 advisors in finance, business planning, product design, marketing and other areas that are vital for startups to understand,” said Trevor MacAusland, Executive Director of Propel ICT.
“Our alumni are building global companies from a base here on the East Coast,” he added. “The next group can do the same.”
Over the past two years, 26 companies have graduated from Propel ICT’s Launch36 program, going on to create 100 jobs and raise $12 million in venture capital investment.
The deadline to apply to Propel ICT’s Launch36 technology startup accelerator program is on February 28.