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Propel ICT Opens Up Applications For Next Round Of Startup Programs

Propel ICT, Atlantic Canada’s startup accelerator, today opened up applications for companies to take part in its next round of accelerator programs. Propel ICT’s Launch program is for new companies just getting started, while its ¬Build program is for more established early-stage companies. Applications will be available until 5 p.m. on May 1st, 2015.

“We are seeing steady growth and maturation of the startup ecosystem in Atlantic Canada. More companies are forming and finding success in attracting investment and customers,” said Gary Dinn, Propel ICT CEO. “With Propel ICT’s Launch and Build programs, we want to continue that trend and provide meaningful guidance to the entrepreneurs that will transform our economy.”

Propel ICT is a private-sector led initiative that helps companies take ideas to market and build successful businesses. Working with partner organizations, Propel ICT and its volunteer coaches and mentors support entrepreneurs as they build innovative solutions, create jobs and drive new opportunities throughout Atlantic Canada. Propel ICT helped launch 75 companies since it was founded a decade ago.

Propel ICT’s Launch program, formerly known as Start, helps entrepreneurs get started with a new or pre-revenue business, creating strong teams that take good ideas and turn them into market ready products or services. Launch programming is delivered by Propel ICT at the offices of Community Partners throughout Atlantic Canada, including Planet Hatch in Fredericton, Volta in Halifax and Common Ground and StartupNL in St. John’s.

Propel ICT’s intensive Build program helps early-stage, revenue-generating companies gain traction, find needed funding and grow. Build participants then work directly with mentors, coaches and peers to learn how best to build their business, refining product offerings, opening up new markets and generating more revenue. Startups in this program are eligible for BDC’s $150,000 convertible note program.

“Propel ICT was an extraordinary experience. We learned from top tier mentors that built successful companies, and also from our peers that are facing similar challenges. Taking part in Propel ICT’s program allowed us to move faster in building our company and it gave us a huge leap forward,” said Sarah Murphy of Newfoundland and Labrador’s Sentinel Alert, a company that provides innovative workplace safety solutions.

Participation in the Launch or Build programs is available to all entrepreneurs based in Atlantic Canada. Space in each program is limited. To learn more or to apply, visit http://www.propelict.com