Think your team has what it takes?Apply
FounderFuel is an intensive 12-week mentor-driven startup accelerator that will help your startup increase traction, secure partnerships, and get to revenue faster, all in an effort to help you raise follow-on funding. We provide seed funding and access to a network of investors (VCs and Angels), experienced entrepreneurs, and top executives, all to help you accelerate the success of your business.
What’s all the hype about? Every year, hundreds of teams apply; only 20 teams are chosen to complete the two 3-month cohorts. Getting selected to join the program ain’t no walk in the park!
How do I get in? The selection process is all about the people. We take a lot of care in choosing the smartest and most resourceful, dedicated, and passionate people we can find. If you’re serious about getting in, sell yourself as much as you sell your business.
What happens after I get in? Upon selection, your team will receive $50K of financing in exchange for 6% equity in your company, or if you’re a hardware company you’ll can opt to get $100K for 9%. You’re also eligible for a $150K convertible note from BDC Venture Capital if you’re judged to be “venture ready” at Demo Day.
You’re then thrown into a high-octane environment where you are surrounded by like-minded entrepreneurial teams, investors, execs, and entrepreneurs. From this network you’ll receive invaluable advice through workshops, feature presentations, and one-on-one meetings with mentors and investors.
In addition, you get immediate access to over $150K worth of perks and services from companies like Amazon AWS, Rackspace, and Azure, not to mention as much RedBull as you can handle. Gotta have something to keep you going late at night, right?
At the end of the program, you’ll pitch before an audience of investors, members of the press and the startup community in efforts to secure financing for your startup on Demo Day. This provides you with a great opportunity to get exposure to investors from the US, Europe, and Canada, as well as with the media and startup community.
If you’re serious about taking your startup to the next level, we have the network and ecosystem to accelerate it. All you need to bring is your A-Game and we’ll take care of the rest.
It’s that simple (but it won’t be easy).
Each team receives $50K to $100K seed funding in exchange for 6% to 9% equity in the company.
Your team is eligible for a $150K convertible note upon completion of the program. At Demo Day, a joint committee will determine if your team is “venture ready,” and thus ready to receive the $150K note.
TYPES OF STARTUPS
Web and mobile is what we’re all about, so you’re at the right place if that’s your thing.
The program is grueling and intense, and going through it alone is impossible. You must be a team of two or more, and the more technical founders you have, the better your odds of getting in.
Considered as one of the most vibrant startup cities in North America, Montreal is affordable, vibrant, and renowned worldwide for its nightlife and “Joie de vivre.“
FounderFuel HQ is at Notman House, a centrally located historical monument built in the 1800s, now reborn as a technology hub.