Accelerate Fund
AB, Canada
Early investment and coaching for Alberta startups
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Health care and social assistance
grant_single|grantors
- Yaletown Partners
grant_single|status
grant_card_status|open
grant_single_labels|preview
If you’re a technology startup seeking early-stage capital for growth, but not yet venture-capital-round ready, you could get funds to match those of an angel investor, as a first step in preparing for your launch. You can also get support in the form of
grant_single_labels|terms_and_conditions
The Accelerate Fund provides a structured financing approach tailored to support Alberta tech startups' growth through co-investment opportunities. While the primary focus is on early-stage tech companies, the fund encourages collaboration with other investors.
- Initial investment of $250,000 in the first financing round with a new company.
- Requires matching dollars from angel or private co-investors, creating a multiplier effect of two to three times the original investment.
- Opportunity for involvement in deals with multiple investors, including venture capital funds and private investors.
- Support in attracting additional investors such as formal angel groups, super-angels, family funds, and individual angel investors.
grant_single_labels|projects
The Accelerate Fund supports Alberta-based technology startups seeking early-stage growth financing. It focuses on projects within the tech industry, especially those demonstrating proven product demand and early growth potential.
- Funding for information and communications technology projects.
- Investment in energy technology startups.
- Support for life sciences companies.
- Financing projects in the agriculture sector.
- Backing for biotech enterprises.
grant_single|admissibleProjectsExample
$ 250,000
Creating a B2B healthcare technology platform for patient data management
$ 250,000
Creating a fintech platform that offers microloans to small businesses
$ 250,000
Developing an AI-driven legal tech platform for automating legal documents
$ 250,000
Developing an IoT device to monitor environmental conditions for smart farming
$ 250,000
Developing a blockchain-based supply chain management system for agriculture businesses
$ 250,000
Research and development of a renewable energy storage solution for residential use
grant_single_labels|admissibility
Eligibility for this grant is determined by specific criteria related to the company's location, sector, and stage of development.
- The company must be a tech startup based in Alberta.
- The head office and more than 50% of employees must be located in Alberta.
- The company must be private and incorporated.
- The company should operate in the information and communications technology, energy technology, life sciences, agriculture, or biotech sectors.
grant_eligibility_criteria|who_can_apply
The Accelerate Fund III is open to Alberta-based tech startups that are in the early stages of growth and are not yet ready for a venture capital round. To be eligible, these startups must be private, incorporated, and have their head office and more than 50% of their employees located in Alberta. The fund specifically targets industries in information and communications technology, energy technology, life sciences, agriculture, and biotech sectors.
grant_eligibility_criteria|who_cannot_apply
This grant excludes certain companies and industries due to their status or main activity. The restrictions ensure that the funds support dynamic sectors in Alberta's tech ecosystem.
- Companies not incorporated or headquartered in Alberta.
- Businesses with less than 50% of employees based in Alberta.
- Industries outside B2B sectors in information and communications technology, energy technology, life sciences, agriculture, and biotech.
- Startups beyond the early-stage growth phase or already VC-round ready.
grant_eligibility_criteria|eligible_expenses
This grant supports projects that involve early-stage growth financing for Alberta-based tech startups. The focus is on fostering entrepreneurship in various B2B sectors that demonstrate proven product demand and are on the brink of expansion.
- Early-stage growth financing for tech startups headquartered in Alberta.
- Investment in private, incorporated tech enterprises with more than half of their workforce in Alberta.
- Co-investment opportunities with angel investors and venture capital partners.
- Support for startups in information and communications technology, energy technology, life sciences, agriculture, and biotech sectors.
- Mentoring and strategic advisory services provided by experienced technology entrepreneurs.
grant_eligibility_criteria|zone
This grant is available to tech startups located primarily in Alberta, Canada. Eligible companies must have their headquarters and a majority of employees based in this region to qualify for funding.
- Companies must have a head office in Alberta.
- More than 50% of employees must be located in Alberta.
grant_single_labels|criteria
The evaluation and selection criteria for projects under this grant are not explicitly outlined in the given context. The focus is on investing in Alberta-based tech startups in early stages and enhancing engagement with angel investors and co-investors.
grant_single_labels|register
- Step 1: Preliminary Engagement
- Visit the Accelerate Fund website to understand the fund's purpose and criteria for investment.
- Engage with a representative from Yaletown Partners or the A100 for guidance and to discuss eligibility.
- Step 2: Gather Required Information
- Prepare company details including proof of Alberta headquarters and majority of employees based in Alberta.
- Collate all relevant financial documents and business plans demonstrating early-stage growth and product demand.
- Step 3: Secure Matching Investment
- Find and secure commitments from angels or private co-investors to match or exceed the requested amount.
- Document all co-investor commitments to align with the fund requirements.
- Step 4: Application Preparation
- Prepare a detailed pitch deck that outlines the technology, growth potential, and team expertise.
- Include detailed descriptions of your target market and competition analysis.
- Step 5: Submit Application
- Complete the application form on the Accelerate Fund III portal or submit it by email, as per the instructions on their website.
- Ensure that all required documents, including financials and co-investor confirmation, are attached.
- Review the application thoroughly before submission to avoid any errors.
- Step 6: Application Review and Confirmation
- Await confirmation from Accelerate Fund III that your application has been received and is under review.
- Prepare for any follow-up queries or requests for additional information during the review process.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The Accelerate Fund III requires matching funds from angel or private co-investors, enhancing investment impact through a multiplier effect.
- Yaletown Partners, the fund's manager, conducts due diligence and oversees investment decisions, providing significant expertise to potential applicants.
- Beyond capital, the fund offers mentorship and industry connections via experienced technology entrepreneurs from the A100 and Yaletown Partners.
- Accelerate Fund III encourages collaboration and co-investment with other venture capital funds, formal angel groups, and individual investors.
- The fund has a typical investment size of $250,000 for the first round of financing with a new company.
