A new Vancouver incubator has launched called GrowLab Accelerator and it provides startups with $25,000 seed funding and $150,000 follow-on funding. The “startup boot camp” also provides four months of mentorship, free office space and the opportunity to pitch investors at the end of the program for follow-on funding. The program is accepting applications from entrepreneurs globally and will be based in Vancouver for the first three months, with the fourth month in San Francisco.
In terms of who you can expect to meet, there are some interesting VCs and founders. The four founders of GrowLab are Boris Wertz, one of Canada’s top angel investors and former COO of AbeBooks.com; Debbie Landa, Founder of Dealmaker Media and creator of the Grow Conference and Under the Radar; Jason Bailey, Founder of SuperRewards (sold to AdKnowledge); and Leonard Brody, president of Clarity Digital (former CEO of NowPublic). GrowLab’s Executive Director is Michael Tippett, co-Founder of NowPublic. The investors you can expect to meet include BDC, iNovia Capital and Blackberry Partners Fund, along with Rho Canada, Mohr Davidow Ventures, Growthworks, Yaletown Venture Partners, Chris Albinson, and Mike Edwards.
The accelerator is now accepting applications for its Fall Program at growlab.ca, deadline for submission is June 15. Five companies will be chosen for the first cohort beginning August 15, 2011.