Move from prototype to product to revenue
You’ve got the next billion-dollar business idea so how do you turn that idea into a viable business without becoming another small business failure statistic?
Despite all the myths and skepticisms about new business failure rates, start-ups actually have a great chance of survival according to Industry Canada with about 85% of businesses surviving the first year, 70% after 2 years and 51% after 5 years!
Since our launch in 2012, Invest Ottawa portfolio companies have raised over $58 million (total Ottawa number is $165M). We’re looking for the brightest and most talented people with the best ideas. If you have a great startup team with a great idea, apply today to join our next cohort for an intensive 120 day (16 week) program.
Invest Ottawa’s business accelerator GrindSpaceXL is a four-month, milestone-based program for some of Ottawa’s high potential companies providing access to all of Invest Ottawa’s services, including:
- Targeted and intensive entrepreneurship training
- Up to $5k in start-up funds
- Extended one-on-one mentorship from entrepreneurs in residence who have built leading-edge companies
- In-depth market analysis
- Specialized advisors to help companies become investor-ready
- Accelerated business development within a structured environment
- Opportunities to pitch to qualified investors
- Working space at Invest Ottawa (80 Aberdeen Street in Little Italy) and access to meeting and board rooms
Companies are matched to a mentor and remain within the Invest Ottawa Business Accelerator for six months to one year. The outcome is successful growth through to financing or market entry.
Register before December 3rd, 2013 to be part of the Winter 2014 cohort beginning on January 13th, 2014.
(613)828.6274 ext 207
GrindSpaceXL ApplicationLET'S GET STARTED!
Resident accelerator companies in Q3 of 2013
Investments attracted by portfolio in Q3 of 2013
Startup portfolio companies engaged in Q3 of 2013
"As a result of the cumulative impact of the GrindSpaceXL workshops and follow-up meetings with advisors, we are now more well-rounded in knowledge and confident in our actions and next steps. We would not have been able to pay for this kind of expertise."− Ryan MacGregor, CEO & Founder, SweetSeat
"GrindspaceXL has given us the confidence to pursue our entrepreneurial goals. Like anything, being an entrepreneur requires discipline and methodology. We brought the discipline and GrindspaceXL provided the methodology. It is a magic mixture."− Nick Martyn, President and CEO, Deep Logic Solutions Inc.
"The impact of GrindSpaceXL will be felt for many years. In a nutshell it has helped us re-focus and become more engaged with our clients."− Garth Jones, Chief Architect, Enhansoft