The DMZ has announced the winners of the “Women Founders Accelerator” program sponsored by Scotiabank and Tangerine. Launched in February 2018, the program has operated with the goal of fostering Canada’s top early-stage women-led startups through an exclusive four month acceleration and mentorship experience. Of the eight finalists who had the opportunity to pitch their startup in front of the judges, three winners were named:
First Place: RockMass Tech, precise intuitive mining technology producing the world’s fastest geotechnical data and intelligence to assess tunnel stability for geologists, prize of $50K
Second Place: SWTCH, innovative electric vehicle charging management solutions for the residential and commercial real estate markets, prize of $25K
Third Place: Furnishr, an end to end turn-key home furnishing platform, prize of $15K
“This program has truly delivered on its mandate of supporting diversity and inclusion in Canada. The Women Founders program proves the value of networks that provide easier access to people, process, technology and capital for female entrepreneurs,” said Nicole German, Global Head of Digital Marketing, Digital Banking at Scotiabank and one of the four judges of the competition. “The level of innovation across all the candidates has been truly inspiring and we look forward to continuing to collaborate with this community as they grow their businesses.”
“Tangerine is proud to be part of a program that empowers women and provides access to entrepreneurs,” said Brenda Rideout, Chief Executive Officer, Tangerine. “Any time we can we provide access to people, networks and capital our communities benefit. We look forward to the bright futures these entrepreneurs have before them.”
“By bringing together industry leaders and serial entrepreneurs to contribute to a results-driven program, the finalists have been able to find better product-market fit, increase customer acquisition and receive access to non-dilutive funding,” said Abdullah Snobar, executive director of the DMZ. “We look forward to continue working with the finalists to build on the success they have experienced in the past four months.”
Throughout the acceleration, the finalists benefitted from:
- Connections to customers, partners and influencers, which has led to startups with an MRR multiplying by four times in the course of four months
- Full access to DMZ space and services, allowing startups to have strategic 1:1 coaching by entrepreneurs-in-residence
- An all-expenses-paid trip to New York City to meet investors and potential customers, which led to a secured investment and customer
“The DMZ Women Founders program has helped our startup receive invaluable connections and opportunities, which has led to a level of growth that makes us thrilled embark on the next phase of our business,” said Shelby Yee, co-founder and CEO of RockMass Tech.
The DMZ is a leading business incubator for tech startups in Canada. They help startups build great businesses by connecting them with customers, capital, experts and a community of entrepreneurs and influencers.
The DMZ is a partner in StartUp Here Toronto.