The year 2015 marked another successful year for Atlantic Canada’s startup accelerator, Propel ICT. We continue to see growth throughout Atlantic Canada while developing key relationships with our community partners, universities, investors and the broader business community.
In our most recent Demo Day, held at Capitol Theatre in Moncton in September, 22 2015, 12 companies pitched their startup companies to a room packed with potential investors, customers, partners, and employees.
Six of the companies were graduates of Propel ICT’s Build program, which is for companies that are further along their entrepreneurial journey. They came from New Brunswick (SITEFLO, SimpTek, Ongozah), Nova Scotia (CleanSimple,PACTA) and Newfoundland & Labrador (HeyOrca). Following Demo Day, these companies have established even more positive momentum by creating over 40 jobs in the region (and they are still hiring), while securing a remarkable $2.3 million in venture capital investment through BDC Capital, New Brunswick Innovation Foundation, Innovacorp, Pelorus and our local angel investor partners.
Stay tuned for more announcements from the companies and their investors.
Missed Demo Day? Watch the pitches here.
Propel Companies Succeed
Some recent highlights from Propel’s graduates:
- Eigen Innovations won 3rd Place in the Cisco Grand Innovation Challenge at the Internet of Things World Forum, securing VIP status and access to industry, investors and businesses including Cisco’s Global Innovation Centers.
- Bitness’s 17-year-old CEO Alex Gillis was named Young Entrepreneur of the Year by Startup Canada
- PACTA graduated from Montreal’s Founder Fuel accelerator
- ELLA was the first East Coast company to be invited to Ryerson University’s Fashion Zone accelerator
- Qimple graduated from the prestigious 500 Startups Accelerator in California
- Wicked Ideas CEO Lisa Hrabluk received the “B Keeper Award” from the international B Corp organization B Lab
The Alumni Network
This fall Propel ICT hosted its inaugural Alumni event in Fredericton. Over 40 people attended, sharing their thoughts on the startup experience in Atlantic Canada and how Propel ICT helped them, and what could be done differently to support the growing startup ecosystem on the East Coast.
Harnessing the power and influence of Propel’s growing alumni network is a key priority for the organization. Our alumni have considerable learning to share with other Propel cohorts.
Working With Our Partners
Propel ICT has established strong working relationships with many community partners, including Planet Hatch in Fredericton, Venn in Moncton, Volta in Halifax, and CommonGround in St. John’s.
These community partners have been instrumental in delivering Propel ICT’s programming. This cooperative and collaborative approach has been one important reason we are building a strong startup ecosystem in Atlantic Canada.
The upcoming Spring 2016 cohort will include our new community partner, LaunchPAD PEI in Charlottetown, as we deliver our first accelerator on the island.
Propel ICT also works closely with the investor community to strengthen opportunities for East Coast startups. We are grateful for the commitment of BDC Capital, the New Brunswick Innovation Foundation, InnovaCorp and Pelorus.
Applications Now Open
Propel never stops moving. Applications for the next Launch and Build program cohort are now open and will be accepted until January 15, 2016.
On behalf of everyone at Propel, we wish you the best for the Holidays and an innovative and prosperous 2016.