Gibli accepted into Propel Incite Phase

Gibli Tech is honored to be accepted into Propel Incite Phase II

 

Propel announces biggest Incite cohort yet with 32 companies.

Propel is thrilled to announce their biggest Incite cohort yet as 32 companies have been hand-selected for Phase 2.

Incite is Propel’s virtual accelerator for early-stage tech companies.  Through the program, companies are matched with a dedicated coach who cares about the progress of their business and they also gain access to mentors and experts from around the world.

The selection team spent weeks meeting with the top startups in the region and narrowed down the selection based on submitted work outlining the current stage of their company and an interview.

The chosen companies span Atlantic Canada.  Seven of the companies are from New Brunswick, nine from Newfoundland, 11 from Nova Scotia and four from PEI.  There is also one company from Quebec.

“We are extremely pleased with the companies we’ve chosen for this cohort,” said Barry Bisson, CEO of Propel.  “The momentum of Incite is building and we are thrilled that a number of the companies were referred to us by our alumni.  We are confident this cohort boasts many of the most promising startups in our region and we cannot wait to work with them.”

Phase 2 of Incite, which runs seven months, focuses on accelerating sales by building a scalable and repeatable sales process using the GrowthX methodology for market development.  GrowthX is a Silicon Valley based partnership that works with startups, companies and countries to help them commercialize innovation. It was founded by Max Menke, Will Bunker, Sean Sheppard and Andrew Goldner – all four are pioneers in the Silicon Valley startup ecosystem and influential around the world.

Propel has regional exclusivity agreements to use GrowthX’s programming.

The program is centered around an online learning platform so companies can access the content as they need it.

Companies enrolled in Phase 2 also have a variety of funding opportunities including a $50K SAFE investment from NBIF and Innovacorp, $25K cash prize with an additional $30k investment for the winner of the Gerry Pond Sales Award, and an investment readiness workshop.  Propel will also host an investor only demo day for Phase 2 companies in spring 2020.

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Volta selects five Atlantic Canada startups to receive $25,000 investment

 

Five​ Atlantic Canada tech startups have been selected to each receive a $25,000 investment from Volta Cohort, a micro-fund co-founded by Volta, BDC Capital, Innovacorp and the Atlantic Canada Opportunities Agency (ACOA). Volta said the companies will also receive mentorship opportunities and resources through the Halifax-based accelerator.

“Those founders are… developing innovative products to compete in the global market.”

Companies were selected at a pitch event held in Halifax last week. The fourteen finalists were originally announced earlier this month, and last week’s event saw founders pitch their businesses to a panel of judges, including representatives from Volta, Innovacorp, the ACOA, and Atlantic Canada’s startup community.

“Volta Cohort has proven to help talented, early-stage founders in Atlantic Canada’s startup ecosystem build momentum,” said Jesse Rodgers, CEO of Volta. “Those founders are not only attracting investment, they are also generating quality jobs and developing innovative products to compete in the global market.”

The following companies were chosen to join the next Volta Cohort and receive funding:

Arolytics:​ developing web applications to help production and manufacturing industries manage and mitigate greenhouse gases emissions and air toxics.

Atomo: a continuous discovery platform for product teams.

BlackWatch Tech: developing innovative safety equipment and is currently developing a few products, including a man-overboard device for fishermen.

Gibli Innovations: working on a sensor that provides cyclists and triathletes with real-time aerodynamic feedback while training or racing to optimize their riding position and see upwards of 20 percent efficiency gains.

ReelData:​ ​offering remote monitoring technology for the aquaculture industry, allowing fish farms to know the biomass, appetite, and welfare of finned fish in without manual intervention.

Volta first opened applications for its fourth cohort in February. It currently houses more than 40 different tech ventures, three innovation outposts, and five service and community partners, that employ more than 300 people who work out of Volta’s space. Along with investments, Volta offers cohort companies workspace, programming assistance, and mentorship.

The accelerator will also be hosting its Ecosystem Impact Awards in early June, to recognize the leaders and supporters of Atlantic Canada’s startup ecosystem. The awards event will include five accolades for eligible founders, companies, and their supporters, on June 6 in the Volta Event Space.

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