Propel Looking For Atlantic Canada’s ‘Next Global Company’ With New Contest
Startup businesses across the region have a chance at winning a prize pack worth $50,000 in a new contest from Atlantic Canadian tech accelerator Propel.
Startup businesses across the region have a chance at winning a prize pack worth $50,000 in a new contest from Atlantic Canadian tech accelerator Propel.
The award is named after Gerry Pond, who co-founded Propel in 2003. Since then, he’s played an integral role in the organization, which helps launch tech startups in Atlantic Canada.
Five companies that participated in Propel’s Incite Accelerator will receive $50,000 each.
The virtual accelerator is customized for each startup based on its current life-stage, whether it’s an early startup focused on validating an idea or a company looking to grow sales and raise capital.
Propel announced this week that it has signed exclusive partnership agreements with both Leanstack and GrowthX. The organization says these subject matter experts help to further increase the validity and value of its Incite accelerator program.
Atlantic Canadian tech accelerator receives $2,265,462 from Ottawa to help support its programs for startups.
Phase 2 of the startup accelerator’s Incite program focuses on revenue generation. “We’re looking for companies who have fine-tuned their problem/solution fit and are now looking to build a sales engine,” says CEO Barry Bisson.
Marketing specialist Derek Latham and Gordon McArthur, who has a background in clean tech, will coach startup entrepreneurs on the next steps to grow their businesses.
The early stage companies span a wide variety of industries including education, healthcare, energy, shipping, dairy, real estate, e-commerce and law.
The board for the startup accelerator is made up of business leaders who are experts in their field with strong involvement in entrepreneurship and the startup community.