FounderFuel has revealed the seven members of its 2023 cohort as the accelerator makes its return, while Startup Montréal recently awarded $400,000 to the 20 startups participating in its Revelations (Bourse+) program last week.
FounderFuel, which was created by Real Ventures, was previously paused in 2020 with one virtual installation. It has now returned with a more national mandate that goes beyond Montréal, thanks to the trio of RealVentures, Panache Ventures, and Inovia Capital.
Originally founded in 2011, FounderFuel is a four-month accelerator program that provides startup founders with seed funding and access to a network of mentors. For the 2023 program, Real Ventures, Panache Ventures, and Inovia Capital are collectively making $120,000 CAD investments in each participating firm in exchange for an equity stake.
Startup Montréal’s Revelations program is an annual competition that regularly awards twenty businesses every year. Each of the startups received a $20,000 grant after taking part in a 60-second pitch in this year’s installation.
The 20 members of the 2023 Revelations cohort are:
GC Lipid Tech
Iris + Arlo
Sapien Health (previously Kenko)
Technologies Aim Colours
In addition to funding, Revelations’ participants also get access to support offered by Startup Montréal’s network, which comprises 350 volunteer coaches and 1,110 founders. They can also participate at several major events including the Grand-messe Startup Montréal, as well as international conferences such as Collision in Toronto and Web Summit in Lisbon.
Revelations is the new version of Grant+, Montréal Inc.’s flagship program. Montréal Inc merged with Bonjour Startup Montréal in February 2022 to form what is now Startup Montréal.
Including the Revelations program, Startup Montréal offers a variety of support programs for founders. Following the merger, it launched an accelerator for “high-growth” businesses, in partnership with Apexe Global. It also delivers workshops for startup financing and aspiring women entrepreneurs.
Featured image courtesy FounderFuel.
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