In addition, Real Ventures launched Founder Fuel, an accelerator in Montreal, in 2011. FounderFuel accelerates companies in the pre-seed to seed stage, and has so far accelerated 73 companies.
Real Ventures’ partnership with The Upside Foundation demonstrates the venture capital fund’s commitment to supporting philanthropy from the startup community. Janet Bannister, Partner at Real Ventures, says, “We support the Upside Foundation because we see consistency with our values. We believe in selflessness and see collaboration and generosity in the community as a way to achieve a shared success. Some of our founders are involved in the Upside Foundation. Ben Zifkin, CEO of Hubba, has been actively involved with the Upside Foundation and is on its Board of Directors. We are very keen to be able to support the Upside Foundation’s mission and will help communicate the value to our community of founders.”
Real Ventures is committed to ensuring that all founders of its portfolio companies and the founders in FounderFuel are aware of the opportunity to give back through the Upside Foundation, and will be supported if they decide to do so.
Alan MacIntosh, Co-founder and Partner at Real Ventures, says, “For startup founders who aspire to give back but naturally have limited means, the Upside Foundation has created an incredibly simple, meaningful and tax efficient way to pay it forward to the charity of their choice.”
We thank Alan MacIntosh, Janet Bannister, John Stokes, JS Cournoyer, Sylvain Carle, and the team at Real Ventures for choosing to become a community partner and taking a leadership role in the movement to embed philanthropy in the Canadian startup community.
Mark Skapinker, Co-founder and Board Member of the Upside Foundation and Managing Partner of Brightspark Ventures, says, “Real Ventures is a leader in providing seed-stage funding to Canadian companies. We are excited to have their support and to engage with their portfolio of companies. It’s so great to see such a visionary group of leaders in the VC-industry wholeheartedly supporting our mission.”
We look forward to working with Real Ventures, Founder Fuel, and their founders, as they progress along their journey, have successful exits, and make a significant impact in Canadian communities.