MONCTON – An Atlantic Canadian startup accelerator is partnering up with two world-leading startup organizations.
Propel announced this week that it has signed exclusive partnership agreements with both Leanstack and GrowthX. The organization says these partnerships will help to further increase the validity and value of its Incite accelerator program.
“These two partnerships are an incredible incentive for companies looking to fast track their business growth through our accelerator Incite,” said Barry Bisson, CEO of Propel, in a release. “These two exceptional organizations are among the best in the industry – and we’re thrilled to bring their expertise to our companies and to Atlantic Canada.”
Leanstack is a business model platform created by Ash Maurya, international best-selling author of Running Lean and creator of the “Lean” Canvas, which combines the lean canvas and traction model to make projections of a company’s success rate over three years.
The renewed partnership agreement with Leanstack will see Propel using their platform and methodology for Phase 1 of Incite to help companies validate the concepts they’re bringing to market.
“When we saw what Propel was doing, we knew there was an immediate fit,” said Maurya in the release. “Good ideas can come from anywhere and Propel’s unique virtual mentorship model allows them to reach, nurture, and accelerate the next-generation of world-class entrepreneurs.”
GrowthX is a Silicon Valley-based partnership that works with startups, companies and countries to help them commercialize innovation. This partnership will see GrowthX lend their Market Acceleration Program (MXP) and their Venture Capital Workshop to Incite Phase 2. There will also be an opportunity for other organizations in Atlantic Canada to book these workshops. GrowthX was founded by Max Menke, Will Bunker, Sean Sheppard and Andrew Goldner.
“There are over 7,500 accelerators in the world – and Propel has really distinguished itself from the rest,” said Goldner in the release. “They stand out because they focus much of their time on helping their founders to market products and make money, which we think is a lot more sustainable than just the subsidy of venture capital.”
Propel’s entrepreneurs-in-residence will also receive intensive training from both organizations.
Propel is currently recruiting companies for Phase 2 of their accelerator. Phase 2, which runs up to nine months, focuses on building a repeatable and scalable sales process.