SaaS Accelerator

Program Details L-SPARK is looking to accelerate Canadian startups who have a vision that matters, a large addressable market, and a prototype (if pre-revenue deep technology), or $5-10K in MRR (if a B2B or B2B2C software company). What else do we look for? Passion. Leadership. Coachability. Determination. Focus. Commitment. A healthy dose of perseverance.

Grant Deadline

Deadline not available

Funding Amount

Deadline not available

Type of Grant

Incubator Accelerator

Sectors

SaaS

Demographics

Incorporation

For Profit

Perks

Office Space, Mentorship, Networking, Coaching, Virtual

Region Restriction

This grant is restricted to whole of Canada

Keywords

Age Restriction

This grant is age restricted from 18 to 100

Eligibility and Requirements

01.

Application Process

Applications for the L-SPARK B2B2C + B2B SaaS Accelerator will open in April 2022. In early September, shortlisted startups will pitch to a selection committee made up of the L-SPARK team, investors, and key partners, who will determine the final cohort.

02.

Program Cost

L-SPARK’s fee is performance-based. If the company raises money during the 6-month program or in the following 12-month period, L-SPARK receives a 3% equity stake in the company. If the company does not raise funding in that 18-month window (6-month program + 12 months), there is no fee for the L-SPARK Accelerator Program.

03.

Added Benefits

In addition to the benefits outlined above, L-SPARK also provides office space, internet, and kitchen facilities at no additional charge at our office in Ottawa for the duration of the program. Office space is available to rent upon the conclusion of the program.

What does L-SPARK look for in the startups they work with?

We’re always on the hunt for companies that excel in three categories: people, product and market. We work with founders of B2B and B2B2C SaaS companies who:

• Are ready to scale up with the help of investment
• Want to transition from a services to a SaaS company
• Have deep domain expertise but lack experience in scaling a software company
• Are passionate about building a software product that will change the way our world operates

Typically, we look for the following attributes: strong and versatile founding team members, a market-ready and viable B2B SaaS product with proven market need, traction, a strong reason for seeking entry into the Accelerator, IP ownership, and a determined drive to meet aggressive goals.

Grant Application website

https://www.l-spark.com/programs/saas-accelerator/

Contact

For more information, please visit the website.