FounderFuel is an accelerator program based in Montreal, Canada, that helps startups get their businesses off the ground.
FounderFuel is an accelerator program based in Montreal, Canada, that helps startups get their businesses off the ground. The program provides mentorship, access to capital, and a range of resources to help startups grow and succeed. Each cohort of startups is given $50,000 in seed money, and access to a network of investors and mentors to help with launching and running their business. The program also offers a variety of workshops and other resources to help founders learn about various aspects of running a business, from legal issues to marketing and sales. To date, FounderFuel has helped over 100 companies launch their businesses, and has invested over $7.5 million in them.
FounderFuel is an accelerator program based in Montreal, Canada. It was founded in 2012 by Chris Arsenault, CEO and managing partner of iNovia Capital, and Alejandro Rioja, an entrepreneur, investor and mentor. The program offers mentorship, resources, and connections to founders and teams to help them launch and scale their businesses.
The program typically works with 10-20 startups in each cohort over a 3-month period. During this time, startups receive mentorship from industry experts, take part in workshops, pitch to investors, and receive up to $100,000 in seed funding. By the end of the program, teams are expected to have achieved key milestones and be ready to launch or raise a seed or Series A round.
Since its founding, FounderFuel has supported over 140 companies, including AppDirect, Busbud, Breather, and League. The accelerator program has also been a part of the launch of over $190 million in venture capital investments.
In 2018, FounderFuel merged with Real Ventures, one of Canada’s leading venture capital firms. The combined entity, Real Ventures + FounderFuel, provides startups with access to capital, mentorship, and resources.
FounderFuel's program typically takes place over a 3-month period, during which startups receive mentorship, resources, and connections to help them launch and scale their businesses. During the program, startups receive up to $100,000 in seed funding and take part in workshops, pitch to investors, and receive mentorship from industry experts. The program typically works with 10-20 startups in each cohort, and by the end of the program, teams are expected to have achieved key milestones and be ready to launch or raise a seed or Series A round.
Since its launch in 2012, FounderFuel has produced over 100 graduate companies and has helped them raise over $400 million in seed and venture capital. Its accelerator program has graduated more than 200 startups and has partnered with more than 500 mentors and investors. Its alumni include companies like Atomwise, a world leader in AI-based drug discovery; Hopper, a mobile-first travel platform; Borrowell, a fintech platform; and SkyHive, an AI-driven job matching service. FounderFuel has also organized a number of events, including the Technology and Innovation Summit, which has featured major speakers from across the tech industry. Additionally, FounderFuel has held hackathons, workshops, and other programs to support the community and foster collaboration.
