Seventeen early stage companies to benefit from critical seed capital injection and world-class mentorship
The Accelerator Centre® (AC) is proud to announce its first AC JumpStart cohort, the first group of companies to benefit from the $8M funding program, announced January 15th in conjunction with the Federal Economic Development Agency (FedDev Ontario), and partners Conestoga College, the University of Waterloo and Wilfrid Laurier University.
Companies joining the first AC JumpStart Cohort are:
- Healthcare technology provider, Alaunus
- Transportation analytics provider, Brisk Synergies
- Healthcare technology provider, Bykart Software
- Mobile shopping deals provider, Consumer Kinetics
- Wealth creation solution provider, Emerging Star Investment Group
- Medical diagnostic tool developer, ExVivo Labs
- Pet wearable creator, Konectera
- Mobile device education solution provider, KTS Global
- Programmable surface creators, Maieutic Enterprises Incorporated
- Fresh meals on the go provider, Meal in a Jar
- Advanced nano-composite manufacturer, NanoQuan Inc.
- Learning platform provider, NeuRecall Inc.
- Smart footware provider, NGTronix Industries Corporation
- Web-based dental practice management provider, iKylk Dental
- Social media curation company, Trending.Info
- Intelligent digital out-of-home advertising solution provider, SmartAd
- Circuit board prototype innovators, Voltera Inc.
Quick Facts about AC JumpStart
- Each member of the AC JumpStart first cohort will receive $30,000 in seed capital (to be matched by the recipient firms), mentorship from experts in finance, sales, marketing, human resources, technology and product development, access to market research and connections to investors, with services to be delivered over a 12 month period.
- This is the first of three cohorts of companies to participate in the program in 2015, followed by two cohorts annually through to the end of 2018.
- In total, it is expected that 180 companies will participate in the AC JumpStart program over the next four years.
- Start-ups participating in the 2013 AC JumpStart pilot program have created 212 new jobs in Waterloo Region, have generated $3.1 million in combined revenue and are expected to raise $5 million in private investment.