Accelerator

FounderFuel

Montreal, QC, Canada

A mentor-driven seed accelerator founded in 2011 by Real Ventures, with alumni including BenchSci, Mejuri, and Unsplash.

The offer:
$120k per company
Location:
Montreal, QC, Canada
Duration:
16 weeks

What you need to qualify

  • Open to early-stage founding teams of diverse backgrounds and experiences building a tech-based solution to a problem in any industry.
  • FounderFuel is a mentor-driven, venture-backed accelerator founded in 2011 by Real Ventures, run with the Real Ventures operations team and partners from Panache Ventures and Inovia Capital.
  • Participation runs across the full 16 week schedule and ends in a Demo Day.
  • The 2023 intake targeted a cohort size of 8 companies.

Eligibility

Eligible stages
All stages
Countries
Global, subject to the provider’s eligibility and approval

How to apply

  1. 1

    Attend an information session

    FounderFuel ran information sessions ahead of its most recent intake, from February 20 to March 10, 2023, and points applicants to founderfuel.com for the full list of session dates, application requirements and deadlines.

  2. 2

    Submit the online application before the cohort deadline

    For the 2023 cohort applications opened on February 14, 2023, and the last date to submit an application was Sunday, March 12th, 2023.

  3. 3

    Go through selection

    Final offers for the 2023 cohort were presented the week of April 3, 2023.

  4. 4

    Run the program and pitch at Demo Day

    The 2023 program ran April 17 to August 4, 2023, with Demo Day on Tuesday, July 11th, 2023.

Frequently asked

$120,000 CAD per participating company: a $100K SAFE with a 20% discount and a post-money valuation cap of $4M, plus a $20K equity investment for 5% of the company in founder shares.

16 weeks. FounderFuel describes it as a 4-month intensive accelerator program, ending in a Demo Day.

Real Ventures, which founded it in 2011, supported by the Real Ventures operations team and by partners from Panache Ventures and Inovia Capital.

No. The apply page states that the last date to submit an application for the 2023 cohort was Sunday, March 12th, 2023, and founderfuel.com carries no announcement of a later cohort and no statement that the program has ended.

Early-stage founding teams of diverse backgrounds and experiences building a tech-based solution to a problem in any industry.

It has invested in over 100 companies since 2011, and its portfolio companies have raised over $600M in financing.
General

Browse more like this: Startup accelerators in Canada

Related programs

We have not been able to confirm a deadline for this one. Check the official page before you start.

Do I qualify?

3 things decide this one. Check yourself against them before you spend time on the form.

Stage
Seed
Where it runs
Canada. In person, so you need to be able to take part there
What you give up
5% equity for $120,000
Deadline
Not confirmed. Check the official page

That is the rulebook. What we cannot show you here is whether your startup clears it, how this ranks against the other programs you qualify for, and what to fix if you do not.

Check what I qualify for

Five questions, about a minute, no account needed.

Last verified against the official page. Report an error

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