FounderFuel Program (2022)
Description:
FounderFuel works with companies across sectors that are using technology and business model innovation to create value in large markets. Their 4-month intensive program is supported by a network of seasoned startup founders, entrepreneurs, investors, and executives as well as the entire Real Ventures team. The program culminates with Canada’s largest Demo Day.
Comments on Funding:
Funding is $120,000 CAD for each company that participates in the program. This investment is split into two parts:
- $20,000 is invested for 5% of the company’s common shares,
- $100,000 is invested in a SAFE with a $3.5 million cap and 20% discount. In cases where a company has already raised funds at a higher price or cap, FounderFuel will adjust the terms of the $100,000 investment to match those terms.
Eligibility:
Applicants must:
Other Things to Note:
The next program will run in the fall of 2021.Applications will close 4 weeks after they open.
- “Applications for the 2021 cohort will open this fall!” Considering the program is running every year since 2011, there is a high chance to continue in 2022. Check their website for updates.
- Applications will close 4 weeks after they open.
- FounderFuel is a mentor-driven accelerator, focusing on leadership development and growth to help early-stage startups make meaningful progress on the venture path.
Testimonials:
When It Ends:
Ongoing
Deadline:
Next deadlines to be determined