Newfoundland and Labrador Graduates of Propel ICT’s Build Program Now Eligible For Up To $250,000 In Startup Investment From Pelorus Venture Capital

--Complements Existing Funding Opportunities From BDC Capital--

St. John’s, NL—Propel ICT, Atlantic Canada’s startup accelerator, today announced that Newfoundland and Labrador companies completing its Build accelerator program are now eligible for up to $250,000 in investment funding from Pelorus Venture Capital Limited, the manager of Venture Newfoundland and Labrador. The funding is offered as an equity investment.

Propel ICT Welcomes Ying Tam As Entrepreneur In Residence

Ying Tam understands the challenges involved in getting a startup off the ground.

With experience as an early-stage entrepreneur, the company leader knows how important mentorship can be.

“I am an entrepreneur, I have experienced the issues of building startups and growing companies, I understand both the pain and the joy,” he says.

Al Sturgeon Joins Propel ICT As Entrepreneur In Residence

Al Sturgeon is joining the Propel ICT as an Entrepreneur In Residence. A technology veteran, Sturgeon spent 20 years in the Canadian startup scene, helping build a number of successful companies in Ottawa as well as working in leadership roles with Radian6 in Fredericton, both before and after its acquisition by Salesforce.

Trevor MacAusland’s New Role

After nearly five years as the heart and soul of Propel ICT, Trevor MacAusland is moving on to a new role with 3Plus, the economic development corporation for the cities of Dieppe, Moncton and Riverview. But Trevor will remain closely connected to Propel ICT. He will guide Propel's Build program in Greater Moncton for the accelerator’s next cohort of entrepreneurs.

Planet Hatch Update

Since the launch of Planet Hatch in the Fall of 2013, we have focused on strategic partnerships to strengthen the entrepreneurial ecosystem, and provide startups with the best resources and tools to succeed!

New Funding Opportunities for Propel ICT Graduates

As Atlantic Canada’s startup accelerator, Propel ICT is helping to expand our startup economy. We know that technology startups have the power to become a key economic driver for our region, and we believe that Atlantic Canada can lead the way for the whole country in developing this economy as a real engine of job creation and innovation for the 21st century.

Propel Partner Introductions—Meet StartupNL

Propel ICT is lucky to be working with some great partner organizations that are helping us bring our high-impact accelerator program to early and later-stage entrepreneurs around Atlantic Canada. Working together with these organizations, our volunteers and our expert coaches, we’re developing a thriving new economy in Atlantic Canada. Seventy-five launched companies later, we’re pretty proud, but nowhere near done.