York University is now accepting applications for the newest cohort of its four month accelerator program, designed to support entrepreneurs in building, launching, and scaling their startup
A total of 20 startups, including up to five social ventures, will be selected to participate in the accelerator program. Since 2014, LaunchYU stated that its ventures have raised more than $12.5 million in external funding, and generated more than $3 million in revenue.
The program is organized into four one-month sprints: product market fit, pitching, go-to marketing strategy, and financing. Entrepreneurs will be able to engage in weekly boot camps and workshops, while benefiting from one-to-one mentorship, and investor pitch feedback sessions. Up to $55,000 in awards are available for participants during the program.
LaunchYU has also partnered with Infounders, an organization of entrepreneurs that offer advice and feedback on challenges in the startup industry.
The chosen startups will also have access to the Innovation York Perks package, which includes a $25,000 Aird & Berlis StartupSource Market Entry Award. The top startup will be awarded with $12,500, matched by an equal amount of Aird & Berlis’ StartupSource legal services.
Additionally, participants will meet and connect with angels, venture capitalists, and other investors.
LaunchYU alumni includes Candy Cutlery, a startup creating biodegradable edible utensils. The company represented Canada at the 2017 SAGE World Cup, a nationwide competition for youth entrepreneurs.
Oher previous cohort members include Swob, an app connecting students with part-time, seasonal, and full-time jobs in the retail, food services, and hospitality industries.
For-profit and not for profit ventures are able to apply. The program is not limited to tech companies, and participants do not need to be affiliated with York University to be accepted.
The deadline to apply is March 24, with the official program start date listed as May 2.
Individuals interested in applying can find the registration here.
Featured image courtesy LaunchYU Twitter.
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