Frequently Asked Questions

When is the next cohort intake?

Applications for FounderFuel’s 2018 cohort are now closed. Applications for FounderFuel’s 2019 cohort should open next winter.

What investment does FounderFuel make in its cohort companies?

Each cohort company receives full access to our core acceleration program, including direct coaching, mentor matching, investor connections, access to our alumni network, Demo Day and a package of perks. Participants also receive a C$ 20K investment. In exchange for this mix of support and investment, FounderFuel receives 5% of common stock.

In addition, FounderFuel offers each company the option of taking an additional C$ 100K investment in the form of a convertible note.

What else do FounderFuel companies get besides the money?

FounderFuel’s non-cash benefits represent a significant portion of the overall value provided by the program. Key benefits include:

  • Mentorship – Direct access to one of the premier startup networks in Canada
  • Investors – Intros to our extensive investor network and Demo Day to launch fundraising
  • Workspace – Office space at Notman House for the duration of the program
  • Support – Intensive support from the FounderFuel team to drive massive output during the program
  • Training – Talks from top founders, skills workshops, and bootcamps to help your team level up
  • Community – Connect to like-minded folks in your cohort and the broader Montreal ecosystem
What are the requirements to apply?
  • A founding team of at least 2 people
  • At least 1 technical co-founder
  • All key members committed full-time
  • Founders based in Montréal for the duration of the program
How do you choose companies?

While many factors come into play, we’re especially focused on a few key issues:

  • Team – Do the founders seem like people who could build a massive company?
  • Market – Is the company attacking a big problem that we can relate to?
  • Product – Is the product awesome? Can it deliver 10x value vs. other options?
  • Stage – Is the company at the right stage to benefit from FounderFuel?
What stage companies get the most out of FounderFuel?

There’s no one size fits all answer for this question, as the experience of our alumni attests. But in general FounderFuel caters to companies that have a functioning product and at least some sort of early user base that they can work with during the program. Some companies have not raised any money prior to FounderFuel while others may have raised small rounds from friends and family or angel investors. Most companies have been in operation for 1 – 2 years.

Are you interested in specific sectors?

FounderFuel backs companies that create value with technology. This is a broad definition, and intentionally so; as investors we believe software is eating every sector of human activity. While we are genuinely open to anything, we will again have a focus this year on companies that leverage artificial intelligence, either vertically (within an industry) or horizontally (working on the AI stack).

Do we need to be in Montréal for the entire program?

Yes, founders are expected to be present in Montréal for the duration of the program.

“Je ne parle pas Français”: is that a problem?

Speaking French is not a requirement for the program in any way, as the sessions all take place in English. In terms of Montreal more broadly, both the startup ecosystem and the city are extremely easy to navigate even with little or no French. Mais si tu souhaites apprendre, on est là pour t’aider!