Montreal-based startup accelerator program FounderFuel is telling startups they have less than one month before the submission deadline date of October 15.
The upcoming Spring 2014 cohort will be the program’s fifth group of startups. FounderFuel has now accelerated 37 startups, the most of any accelerator in Canada.
Located in Montreal’s historic Notman House, FounderFuel seems to always have a flair for producing interesting video evidence of what it has to offer. Here’s a short look at the Summer 2013 cohort, that included the likes of Groove, which surpassed one million users in May, The Transit App, which surpassed 35,000 downloads in 72 hours in June, and several other high potential companies.
FounderFuel also wants prospective startups to know what they have to gain by applying (or lose by not):
- $50K for 9% equity on Day 1 of the program
- $150k in convertible debt from BDC Venture Partners
- $400k in free services from our 200+ partners
- 120 startup veteran Mentors: Serial Entrepreneurs, Investors and Senior Execs
- the biggest Demo Day party in North America (1000+ people)
Tomorrow the accelerator’s team heads out to Vancouver to complete another leg of its PITCH IT tour, a seven-city pitch workshop trip complete with expert advice from general manager Ian Jeffrey and Real Ventures partner John Stokes. The tour finishes up when the FounderFuel crew visits Halifax on Thursday.
The days never seem to be dull at Notman House, and if startups want to be a part of the three-month intensive experience of FounderFuel, they can apply here. Below is a snapshot of Sam Vermette and The Transit App’s Summer 2013 DemoDay pitch. For three months these startups prepare for their five minutes to show investors why they should write a cheque.