2018-05-11 15:13:06Growing a BusinessEnglishLearn about several cleantech accelerator programs available throughout Canada to help your startup get the resources it needs, including...https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2018/04/Small-business-owners-of-a-cleantech-startup-review-the-accelerator-program.jpghttps://quickbooks.intuit.com/ca/resources/growing-business/cleantech-startup-accelerator-program/Boost Your Cleantech Startup With an Accelerator Program

Boost Your Cleantech Startup With an Accelerator Program

2 min read

If you’re getting your cleantech startup off the ground, there’s a good chance you’re on the hunt for resources. Luckily, several accelerators in Canada can help you level up as a company. Accelerators carefully choose which companies to bring under their umbrella. But once you’ve got one, you can take advantage of its startup financing, mentorship, and connections to investors.

Why an Accelerator Might Be the Right Solution for Your Cleantech Startup

Once your cleantech startup has an accelerator, you have access to the startup funding you need, often in exchange for some amount of equity. Typically, you go through an accelerator program with other founders and entrepreneurs, who help you bounce around ideas and partner with you on projects. Being able to bring your ideas to fruition without having to raise money or pay the bills is one of the major attractions of an accelerator, as is the chance to receive guidance from experts in your field.

Foresight Cleantech Accelerator Centre

The Foresight Cleantech Accelerator Centre in British Columbia brings together small and medium-sized startups in the Western Canadian environmental tech industry to develop clean, efficient, and responsible energy technology. By giving you mentorship, guidance specific to your industry, and access to entrepreneurs with similar goals, Foresight helps you build business models that are sustainable and profitable. Foresight pairs each cleantech startup with an executive-in-residence to propel growth, using funding from a consortium that includes the BC Innovation Council, the Industrial Research Assistance Program of Canada’s National Research Council, and the Western Economic Diversification Canada department.

CTA Cleantech

If your startup has some major cleantech intellectual property, existing market traction, and an approach to expanding your market, the Canadian Technology Accelerator Cleantech program may be right for you. This program, which is mostly online, takes you to Silicon Valley or New York City for targeted mentoring. The program connects you to investors, real estate developers, utilities companies, government agencies, and Fortune 500 companies interested in cleantech. Get ready to make your pitch to venture capitalists, corporate venture programs, private equity funders, and alternative investors as you expand your company into global markets with CTA’s help.

Other Cleantech Accelerators to Check Out

Across Canada, accelerators hoping to advance cleantech are searching for the next big thing — and that may be your company. Another accelerator to check out is Innovacorp, whose incubator and accelerator programs include its CleanTech Accelerate Program, Start-up Visa Program, CleanTech Pre-Investment Program, and Start-Up Yard at COVE, all designed to give investment to early-stage entrepreneurs in Nova Scotia. If you’re in Ontario, take a look at MaRS Cleantech, which helps entrepreneurs and startups push the cutting edge in environmental science fields, such as agritech, energy, transportation, waste management, water, and advanced materials and manufacturing development.

As a cleantech startup, you have many options in Canada to help propel your company forward. Teaming up with the right accelerator or incubator program could be just what you need to perfect your innovations and get them into the marketplace.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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