Hey Toronto Startups!
We couldn’t be more excited to be coming back to Toronto! We had so much fun this past summer at Project:OWL and met some amazing founders and startups.
This time around we’ve partnered with One Eleven and will be hanging out there all day Tuesday, Oct 28th hosting office hours for startups interested in applying to our Spring 2015 Cohort. Even better than that, on the evening of Monday, Oct 27th we’ll be hosting a panel discussion on what it was like to take the leap to entrepreneurship. We’ve got solid line-up of seasoned entrepreneurs who will talk about how they knew it was the time to turn their vision into a business, the risks, the rewards and where their companies are now.
The panel will be hosted by FounderFuel GM Sylvain Carle and is made up of:
- Alkarim Nasser of BNotions
- Andrew Sider of Varage Sale
- Nikolai Bratkovski of OpenCare
- Joe Rideout of Relay
So come have a beer (on us!) and listen to these awesome Toronto entrepreneurs talk about how they built their businesses!
Want to come meet us during our office hours? Register here!
Montreal is rising quickly through the ranks as a top-tier startup city, and as FounderFuel applications are now open, it is the perfect time to consider the city as a tech hub that will foster the growth of your startup. A pro-entrepreneurship city, Montreal offers incredible research and development tax credits and has strong government support for the venture capital industry. With 11 universities, and over 170,000 students, Montreal has the highest percent of university students per capita in North America (even higher than Boston!), which provides a source of intelligent and affordable labor (compared to other technology hubs). In addition to that, we also pay significantly lower rent. While the average price of rent is $2,615 in Silicon Valley, an apartment in Montreal will only cost you $800 per month. A vibrant and affordable city, Montreal is just waiting for you to bring your startup here!
We’ll be holding office hours in Montreal starting October 21st and happening every week until applications close.
Register for your time slot here.
Check out this info-graphic that our friends at BusBud put together about the perks of working at a Montreal startup.
Are you considering applying for FounderFuel’s Spring 2015 cohort? Concerned about your product/market fit? On Tuesday October 14th, we will be hosting a Product/Market Fit Panel at Notman House where you’ll have the chance to hear a panel of founders talk about their unique paths to customer success.
The 4 panelists from various stage startups will include:
- Francis Davidson – Flatbook – Fall 2014 Cohort
- Mikael Cho – Crew – Spring 2012 Cohort
- Danial Jameel – OOHLALA – Fall 2011 Cohort
- Sam Haffar – Chegg
Doors will open at 5pm for a networking session, and at 6pm Sylvain Carle will host a fireside chat with FounderFuel alumni Laurent Maisonnave, co-founder of Seevibes, about his experience in the program, and living/working in the Montreal startup community. At 6:30pm the panel will begin and we’ll discuss different challenges with achieving product/market fit, successes and roadblocks, and various perspectives from companies at varying stages of growth.
With the Spring 2015 applications just having opened, FounderFuel is actively seeking early stage companies who have developed a MVP, and can spend the program achieving product-market fit. Be sure to attend the event, and apply for the Spring 2015 Cohort if you think this applies to you!
Avez-vous un startup à Québec? Interessé par FounderFuel? Venez discuter avec Sylvain Carle demain après-midi à Québec, entre 14h et 16h.
MAJ: Endroit, Abri.co au 520 av. Charest Est. Suite 390.
Classé parmi les meilleurs accélérateurs au monde, FounderFuel est en processus de recrutement pour la session du Printemps 2015.
Nous aimerions vraiment avoir plus de startups de Québec, alors nous allons vous visiter plus souvent!
Aimeriez-vous rencontrer Sylvain et savoir plus sur FounderFuel? Inscrivez-vous ici.
Il reste deux mois pour appliquer, c’est le temps de valider si FounderFuel est pour vous!
We’re so excited that Startup Fest is finally here! This year we’ve partnered with the festival to offer one of the big prizes. A guaranteed spot in the Fall 2014 Cohort.
We’ll be roaming around Startup Fest all week looking for one lucky team that’ll win that spot. All you have to do is be one of the registered startups at the festival and pitch to us sometime throughout the 3 days.
How can you pitch us?
- We’ll be hanging out at the Accelerator Tent on Thursday and Friday
- We’ll have identifiable Real Ventures & FounderFuel members scouting out teams around the festival
- Be one of the 12 companies pitching on the main stage
Can’t make it to the Accelerator Tent? Keep an eye out for any of the following people:
Sylvain Carle – General Manager, FounderFuel
Emma Williams – Program Manager, FounderFuel
John Stokes – Partner, Real Ventures
JS Cournoyer – Partner, Real Ventures
Gabriel Sundaram – Director of Platform, Real Ventures
Guillaume Mercier – Senior Associate, Real Ventures
Hope to see you there!
Thanks to everyone who applied to the Fall 2014 Cohort. We can’t wait to check out all your applications.
A lot of you have been asking what happens after the application deadline. Unfortunately, it’s a bit of a waiting game. We get so many amazing applications that it takes us a bit of time to filter through all of them.
We promise we’ll go as quickly as we can! In the meantime here’s what’ll happen next:
- Online reviews happen this week and are completed by July 7th.
- Interviews begin the week of July 7th
- Final decisions will be announced by the week of August 4th
If you have any questions feel free to reach out to us! email@example.com
It has been an exciting week over here at FounderFuel!
First, we announced that Sylvain Carle will be joining us as our new General Manager.
Then, we announced that we’re scrapping our old investment deal and replacing it with %50K for 6% equity or if you have a hardware component, $100K for 9%.
Finally, we decided to bring the extremely popular PITCH IT back one last time in Montreal. Former GM, Ian Jeffrey, and Real Ventures Partner, John Stokes, gave their talks on how to craft and deliver the perfect pitch to a sold out audience.
Because of the crazy week and all the exciting changes announced for the program, we wanted to extend the deadline a few days to the last day of June. That’s right! You now have 3 more days to get your application in, including a full weekend!
Think you’ve got what it takes? Apply now!
FounderFuel is always trying to find ways to contribute more to the success of its entrepreneurs and is evolving its offering to give an even better deal for all startups. With a focus on more deep tech, starting with hardware, our new terms have been adapted with Founders in mind.
Software companies will receive $50,000 of financing in exchange for only 6% equity (compared to the previous 9%). Companies with a hardware component can opt for $100,000 for 9% equity (or stay at the 50,000 and 6% level).
We have seen more and more hardware startups applying to FounderFuel over the last 18 months. Vanhawks and Kiwi made it into the last cohort and from early applications we are sure that we will have more in this upcoming cohort. The nature of these companies is such that they often need a little more cash than software only startups. We are convinced it is important to accomodate the specific challenges these company face at the earliest stage.
All companies are still eligible for a $150,000 convertible note from BDC Venture Capital if judged to be “venture ready” at Demo Day and also get access to over $150,000 worth of perks and services from companies like Amazon AWS, Rackspace, and Azure, not to mention as much RedBull as considered healthy.
There are seven days to go until applications close (We have extended it until midnight on June 30th). We are really looking forward to working with the next generation of awesome startups and make it all happen in Montréal. Have you applied yet? If not, what are you waiting for!
Managing Partner, FounderFuel
The last two days in Toronto were a complete whirlwind!
Gabriel and I arrived at 4PM on Tuesday, had just enough time to check into our hotel and grab some dinner before heading to Project:OWL for the Behind The Scenes at FounderFuel event. Just as we got inside, it began to POUR and there were Tornado warnings issued in the city. However, despite the crazy storm outside, Toronto startup enthusiasts enthusiastically came out to meet us.
Everyone got to hang out, have a few beers and meet some of our Alumni before we jumped into a panel discussion on what it’s really like to go through FounderFuel and be part of the “Family”. We met with some crazy talented people that we hope to see in the Fall cohort!
We spent all Wednesday morning hosting office hours at a local cafe and then got the opportunity to stop by the MaRS Discovery District and the Ryerson DMZ.
Overall it was a really successful trip and it’s clear that there are a lot of talented people and companies coming out of Toronto. We promise we’ll be back soon!
Tomorrow night Project:OWL, one of the amazing Project:Spaces co-working offices will be hosting FounderFuel for a panel discussion entitled “Behind the Scenes at FounderFuel”.
The panel will explore what it’s really like for a company to go through the program, any tips the alumni might have for those applying, and what life is like post-FounderFuel. So come grab a beer, mingle with our alumni and find out what the program is all about. Register here and use the code FFMOB to get a free ticket!
The panel guests are:
Ali Zahid (Spring 2014) - Vanhawks
Nikolai Bratkovski (Spring 2012) - OpenCare
Yoseph West (Fall 2011) - Vuru & Wave
We’ll be sticking around the city all day Wednesday and would love to meet with some rock star companies. We’ve opened up a few hours of office hours on the morning of the 18th. If you’re in the Toronto area and want to find out more about FounderFuel, register for a time slot.