Several accelerators and startup programs in Montreal are accepting applications right now. Here’s what you need to know:
McGill Dobson Cup 2017 – Deadline January 17
Applications for the McGill Dobson Cup 2017 open up on December 18, 2016 and conclude on January 17, 2017.
The annual competition for student startups sees teams compete for over $100,000 in cash prizes, awarded as seed funding.
Startups will be able to compete through four tracks: Innovation Driven Enterprise, Small & Medium Enterprise, Social Enterprise and Health Sciences.
The Dobson Cup began in 2009 and has helped create more than 125 successful startups that continue to employ nearly 1,103 people. About 150 teams participated in last year’s Dobson Cup, while more than 1,000 teams (over 2,200 entrepreneurs) have pitched to successful entrepreneurs within the Dobson Centre network.
InnoCité Accelerator program – Deadline February 10
The City of Montreal-sponsored InnoCité accelerator program is recruiting for its fourth cohort.
The application deadline is February 10. The cohort begins in April.
Those interested should apply here. Be prepared to submit a three-minute video explaining who the founders are, and their personal and professional goals.
InnoCité generally selects startups that seek to improve the City of Montreal in some way. It’s top priority is the Montreal Smart and Digital City action plan. However, in its third cohort this past fall the program added teams focusing on urban innovation, somewhat of an expansion of horizons.
Criteria for selection includes the quality of the business plan, the potential for growth as well as the relevance to the urban challenges addressed by the six priority programs of the Action Plan: public Wi-Fi, ultra high-speed multi-service network, smart city economic cluster, smart mobility, participatory democracy and digital public services.
EcoFuel accelerator program – Deadline TBA
Cycle Capital’s EcoFuel accelerator program recently concluded its Fall 2016 cohort and is already looking towards its Spring 2017 program. Applications can be filled out here.
The program offers a seed investment of a convertible note up to $75,000. EcoFuel’s Selection Committee decides how much the note is worth after an “assessment in terms of capital required.” The program itself is an intensive program with training workshops, networking sessions and a heavy-hitting mentoring ecosystem.”
Ecofuel has its own venture capital fund of about $30 million, a rare exception among accelerators in which the program itself holds its own fund and not a parent venture capital fund.
Cycle Capital, the Montreal-based cleantech fund, is the parent company of the Ecofuel accelerator, although it appears its in name only.