Techstars, a worldwide network that helps entrepreneurs succeed, is running its first accelerator program in Toronto in 2018.
Over the past 10 years, Techstars has helped over 1,000 companies grow and raise over $3.5 billion in funding, with a market cap of $9.6 billion.
The Toronto program will have a horizontal focus and will operate similar to its other city programs.
The Toronto-Waterloo/Kitchener startup market is full of innovation, mentors & capital – the exact ingredients for a successful accelerator. The program is taking place with assistance from from Real Ventures, Canada’s most active early stage venture fund.
Techstars funds technology-oriented companies, typically web-based or other software companies, as well as others that don’t quite fit that mold. However, Techstars does not fund biotechnology companies, restaurants, consultancies, or other local service oriented companies. In addition, it is looking for companies that can have national or worldwide reach.
While this is Techstars' first accelerator program in the country, it has been in Canada with its Startup Programs since 2010. Alumni companies with Canadian roots include: Vanilla Forums, Lean Systems, Mosaic, Kepler, Sprout Wellness, Shyft, and CuePath Innovations.
Those who wish to apply can do so on the Techstars website. The application deadline is October 15, 2017 and the program begins January 22, 2018.