HYPERDRIVE is a new $30+ million tech startup incubator program with a global focus to seed, fund, and grow new businesses. HYPERDRIVE takes tech startups from seed level to Series A-ready in 24 months. Two times a year, up to 10 companies will be chosen from a pool of applicants. Successful entrants can expect: An initial three-month “sprint” in which companies will focus on customer and market validation. At the end of the sprint companies compete for a 150k convertible note. Hands-on guidance from world-class mentors for up to 24 months One week in New York City to meet funders, partners and potential customers. Additional soft landing opportunities in foreign markets. In-kind program support of $100,000 per company, including legal and accounting services. Access to Canada’s top Angels, VCs and other funders. Demo days and chances to pitch to top tech investors.
Communitech HYPERDRIVE
Kitchener, Ontario, Canada (North America)
Quick Stats:
Terms: 6.40% equity stake for $40k seed capital