L-SPARK, is accepting applications for its fourth SaaS Scaling Accelerator program.
The Ottawa-based B2B SaaS accelerator said that it will select up to 10 companies for the program, and that entrepreneurs with a commercial product in market and at least $10,000 to $30,000 monthly recurring revenue (MRR) are eligible.
The selected companies will move into L-SPARK’s space for nine months, with the goal of helping companies reach 10x revenue growth. Through one-on-one mentorship, intensive SaaS workshops, and meeting with tech leaders from L-SPARK’S partners — which include Shopify, Microsoft, and OpenText — the selected companies will focus on scaling customer traction and revenue.
Over the past three years, L-SPARK has accelerated 29 SaaS companies, some who have gone on to grow revenues between $7,000 to $100,000 MRR. In 2016, L-SPARK transitioned to operate exclusively as an accelerator with the collective goal to help SaaS companies generate 10x revenue growth.
“With our funding, we closed our $4 million round oversubscribed, and it has teed us up to maximize our potential. I am both more relaxed and more excited than I have been in years,” said Chris Perram, CEO of FileFacets and a former L-SPARK alumni.
Interested applicants have until August 11 to apply.