34 southern Ontario-based companies are receiving $30,000 in seed funding.
WATERLOO, Ont. 34 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.
Former AC JumpStart recipients include ApplyBoard, recently named Canada’s fastest-growing company by Deloitte, and NERv Technology, recent winner of the world’s first Entrepreneurship World Cup and its accompanying $500,000 USD prize.
The latest cohort has multiple companies representing various sectors such as education, energy and power, healthcare, financial services, digital media, manufacturing, and more.
The AC JumpStart recipients in Cohort 11 are:
· AMPERe Inc.
· Justin Schorn
· Terra Bioplastics Inc.
“The $30,000 I received from AC JumpStart is a huge help,” says Thomas Uhlenbruck, founder and CEO of Pulse Industrial, an IoT company that improves safety and reduces fuel consumption in industrial plants. “The mentorship is nothing short of world-class. You can really treat the mentor team like having a senior officer in every department of your company. Being in the program has really helped to grow my company.” Uhlenbruck is in Cohort 9 of the AC JumpStart program.
AC JumpStart Cohort 12 applications open January 13, 2020.
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 AC JumpStart
AC JumpStart is funded by FedDev Ontario and delivered in partnership with Conestoga College, the University of Guelph, the University of Waterloo, and Wilfrid Laurier University. The AC JumpStart program began in January 2015, with three cohorts of companies participating in the program in 2015, and two cohorts annually in subsequent years. Each cohort receives funding and mentorship over a 12-monthperiod.
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.
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