29
Apr-2020

News Release: 20 local companies to benefit from $30,000 in seed funding, 11 months of mentorship

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This news release appeared on acceleratorcenre.com. To read the original post click here. 


WATERLOO, Ont. 20 southern Ontario-based companies are receiving $30,000 in seed funding and $10,000 of in-kind business support services such as one-to-one professional mentorship under the Accelerator Centre’s AC JumpStart program.

‍Funded by FedDev Ontario and delivered in partnership with Conestoga College, the University of Guelph, the University of Waterloo, and Wilfrid Laurier University, the program is aimed at helping technology and technology-enabled companies establish and grow their businesses in southern Ontario.

‍“The newest cohort is comprised of companies representing a wide variety of sectors, from artificial intelligence and MedTech to transportation and IT,” says Accelerator Centre programs and client experience manager, Leanne Armstrong. “277 startups have greatly benefited from both the funding and mentorship that come from AC JumpStart since it launched in 2015.”

‍Former recipients include ApplyBoard, named Canada’s fastest-growing technology company by Deloitte, and NERv Technology, winner of the world’s first Entrepreneurship World Cup and its accompanying $500,000 USD prize.

‍“AC JumpStart’s focus is southern Ontario, but it’s wonderful to see the positive impact and influence that recipients have throughout Canada and the world,” says Armstrong.

‍The AC JumpStart recipients in Cohort 12 are:

‍The next cohort of AC JumpStart will be focused on bringing pandemic-inspired solutions, products or services to as many people as possible, as quickly as possible. Applications to Ontario’s COVID-19 Support & Recovery Cohort closed Tuesday, April 28. It is planned to begin early May.

About the Accelerator Centre‍

The Accelerator Centre is an award-winning startup accelerator dedicated to building and scaling sustainable, globally competitive companies and giving startups the highest probability of long-term success. In 2019, it was ranked as a World Top 5 accelerator due to, in part, a reputation for meaningful, one-to-one mentorship and helping entrepreneurs go from the idea stage to high-growth enterprises.

About FedDev Ontario

For more than 10 years, FedDev Ontario has actively worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation and growth in Canada’s most populous region. The Agency has delivered impressive results, which can be seen in southern Ontario businesses that are creating innovative technologies, improving their productivity, growing their revenues, and in the economic advancement of communities across the region. Read more about the impacts the Agency is having in southern Ontario.

For more information, please contact:

Laura Elvidge

Manager, Marketing and Communications

Accelerator Centre

[email protected]

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