Accelerate Okanagan — Revup Program
BC, Canada
Mentoring to grow a BC startup
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Other Support
grant_single|eligibleIndustries
- Information and cultural industries
- Professional, scientific and technical services
grant_single|grantors
- Accelerate Okanagan
grant_single|status
grant_card_status|open
grant_single_labels|preview
Access mentorship for your leadership team in a 6-month program to help tackle rapid-growth issues and lead you to success.
grant_single_labels|projects
The RevUP program is being delivered across Canada, in collaboration with several accelerators. Eligible companies can apply from specified regions where delivery partners are located.
- Vancouver
- Victoria
- Kamloops
- The Kootenays
- Belleville, Ontario
grant_single|admissibleProjectsExample
$25,000
Implement a mentorship program to enhance leadership skills for rapid growth at Tech Innovations Inc
$35,000
Implement a leadership and mentorship initiative at EcoGreen Solutions to manage rapid expansion
$30,000
Initiate a mentorship program for startup founders to address rapid scaling challenges at Venture Hub
$30,000
Launch a mentorship and skill-building program for marginalized youth at Horizon NPO
$22,000
Create a leadership mentoring program for small business owners at SmallBiz Support
$20,000
Develop a mentorship initiative to support female entrepreneurs at Women Leaders Co-op
grant_single_labels|admissibility
Eligibility for the RevUP program is based on meeting certain business characteristics crucial for scaling success.
- The company must have an established leadership team.
- The company must have an existing customer base.
- The company must be experiencing growing revenue.
- The company must be in the process of organizing to scale.
grant_eligibility_criteria|who_can_apply
The RevUP program is designed for scaling companies that already have an established leadership team, a customer base, and growing revenue, and are preparing to scale their operations further. Eligible applicants are typically businesses that aim to address rapid-growth issues and promote future success through strategic support and skill development. This includes companies from various industries that have a desire to optimize their performance and achieve predictable, sustainable growth.
grant_eligibility_criteria|eligible_expenses
The RevUP program is designed to support scaling businesses by focusing on strategic growth challenges and optimizing performance. The eligible projects for this program aim to enhance leadership capabilities and create sustainable growth models.
- Development of predictable and sustainable revenue models.
- Preparations for raising and receiving capital.
- Team and leadership skill development.
- Enhancement of strategy and internal process efficiency.
- Improvement of financial literacy.
- Promotion of data-driven decision making.
grant_eligibility_criteria|zone
The grant is available to companies from various regions in Canada, as it has been delivered in partnership with accelerators in several locations. Eligible companies can benefit from this opportunity to enhance their scalability and performance.
- Vancouver
- Victoria
- Kamloops
- The Kootenays
- Belleville, Ontario
grant_single_labels|criteria
The evaluation and selection of companies for the RevUP program are primarily based on their alignment with the program's focus on scalability and growth potential.
- Established leadership team and existing customer base.
- Evidence of growing revenue and readiness to scale.
- Commitment to creating a customized action plan with clear objectives.
- Willingness to participate in mentorship and coaching sessions with Executives-in-Residence and industry experts.
- Engagement of senior leadership in the program activities.
- Openness to address internal challenges and enhance strategic goals through quarterly strategy sessions.
grant_single_labels|register
Here are the steps to submit an application for the RevUP program:
- Step 1: Connect with RevUP
- Visit the Accelerate Okanagan website or RevUP program page.
- Find the section to apply for the RevUP program.
- Click on the application link to start your registration.
- Step 2: Complete Application Form
- Fill out the application form with details about your company, leadership team, and specific growth challenges you are facing.
- Provide any requested documentation, such as proof of current revenue or business plan.
- Step 3: Submit Application
- Review the application form to ensure all information is accurate and complete.
- Submit the completed application form through the platform provided.
- Step 4: Confirmation and Next Steps
- Receive confirmation from Accelerate Okanagan acknowledging receipt of your application.
- Wait for further instructions or for your application to be reviewed by the RevUP team.
Apply to this program
Accelerate Your Business Growth with RevUP
RevUP is an accelerator program designed to bolster the growth and scalability of Canadian businesses through a six to twelve-month intensive engagement with seasoned executives and industry experts. This program targets established companies aiming to optimize their operations and leadership capabilities for sustainable development and market expansion.
In-Depth Overview of the RevUP Program and Its Strategic Benefits
The RevUP program, a brainchild of Accelerate Okanagan, is structured to support CEOs and their leadership teams in meeting the multifaceted challenges of scaling their businesses. Recognizing that leading a rapidly growing business is fraught with challenges—from developing sustainable revenue streams to enhancing product offerings and entering new markets—the program offers an opportunity for leaders to focus strategically on their business rather than getting bogged down by day-to-day operations.
This program is particularly suited for companies with an established leadership infrastructure and customer base that are gearing up for the next growth phase. Participants benefit from a tailored approach that considers each company's unique pain points and opportunities for advancement. These customized action plans are co-developed with the experienced team from Accelerate Okanagan, ensuring that they are specifically targeted to accelerate growth and develop leadership competencies.
The RevUP initiative stands out for its provision of access to a network of Executives-in-Residence (EiRs) and domain experts. These mentors offer crucial insights, strategic guidance, and feedback during regular engagement sessions tailored to the specific growth hurdles faced by each company. By facilitating bi-weekly meetings, the program ensures sustained support and accountability, creating a structure where strategic objectives are regularly assessed and refined.
The comprehensive support provided by RevUP also includes quarterly strategy sessions. These sessions provide a forum for leadership teams to set clear goals, reflect on achievements, and recalibrate strategies. This iterative process of evaluation and adjustment is critical for ensuring that companies not only achieve their immediate growth objectives but also develop the resilience and adaptability required for long-term success.
Moreover, RevUP emphasizes a collaborative team approach by encouraging the active involvement of senior leaders. This inclusive strategy fosters a culture of accountability and clarity throughout the organization, which is vital for implementing strategies and driving sustainable growth. The engagement fosters improved financial literacy, enhanced data-driven decision-making skills, and the ability to develop and execute scalable business models.
Participants have historically witnessed significant improvements in revenue, with many companies achieving average annual revenues close to $2 million by the program's conclusion. Therefore, RevUP not only supports immediate revenue growth but also establishes a foundation for continued success by bolstering the strategic and operational competencies of its participants.
Delivered in collaboration with regional accelerators across Canada, including those in Vancouver, Victoria, Kamloops, the Kootenays, and Belleville, Ontario, RevUP leverages local expertise while maintaining a national outlook. Its flexible structure allows companies to join at any point during the year, providing adaptability to various business timelines and goals. The program's success stories, including companies like Bananatag, Yeti Farm Creative, and Piscine Energetics, serve as a testament to its effectiveness in nurturing leading businesses that contribute significantly to their local economies.
Overall, RevUP represents a unique opportunity for companies to harness the power of expert mentorship and strategic planning to navigate the complexities of business growth in today's dynamic economic landscape. By joining this program, businesses can not only scale efficiently but also build a strong foundation for future success, gaining a competitive edge in their industry.
