Propel Wants To Help Tech Startups Anywhere, Anytime
FREDERICTON- Propel, which offers online accelerators for tech startups, is moving to a continuous intake model instead of a cohort-based one.
In a press release, the Atlantic Canadian organization said the transition makes it well-positioned to help startups through the impact of the COVID-19 pandemic.
“While the ability to access content from anywhere was appealing for most startups, what we continued to hear was the need for real-time support associated with a founder’s stage of business,” said Jeff White, chair of Propel’s board of directors, in the release.
“By moving to a continuous model, Propel can offer support to founders at the time they need it most. Applicants will now be able to start our accelerator 12 months a year, removing the obstacle of waiting six-12 months for the next cohort to start.”
Propel will continue to offer virtual coaching through the e-accelerator, as well as access to content through its online learning management system.
Startups will also continue to benefit from mentors through virtual fireside chats. This has helped the startup founders maintain a sense of normalcy and get support during the crisis, the organization said.
Propel said its virtual accelerator, launched in 2018, is also proving advantageous as the world moves to a virtual working environment. The organization’s e-accelerator is the first of its kind in Atlantic Canada, and is aimed at serving entrepreneurs wherever they were located, including rural areas where programming wasn’t available before.
“Over the next three months, Propel will onboard close to 30 new companies into our e-accelerator and that’s just the beginning,” said CEO Barry Bisson. “We are ready to talk to founders who are looking to accelerate their path to growth and don’t want to wait. We are ready for you. Anytime. Anywhere.”
Companies accepted into the e-accelerator will be announced on Propel’s Facebook page.