The BC Technology Industry Association (BCTIA) kicks off its first day of programming today for HyperGrowth, its new second-stage revenue accelerator program.
After a six-week application process, the three growth stage companies included in HyperGrowth’s first cohort are Rentmoola, a service that allows you to pay for things like rent, parking, and deposits easily; Thinkific, a service that allows you to create online courses and sell them under your own brand; and EDP Software, a company that provides workforce scheduling solutions.
The first cohort was chosen after a pitch event hosted by BCTIA on June 17th, which included seven finalists, to determine who would be part of the HyperGrowth program.
The judging panel for the event included Jeff Booth from BuildDirect, Dan Zitting from ACL, Matt Switzer from Hootsuite, Igor Faletski from Mobify, Dan Eisenhardt from Recon, and Michael McCarthy from TELUS. The judges, along with other operating executives, will remain involved with HyperGrowth as part of their advisory team.
“The judges were amazed at the execution and polish of the HyperGrowth finalists,” said Booth. “And we’re excited to engage deeply with these companies in the coming months to help them grow. If we truly want to reach our potential as a world-class technology hub, we as a community need to rally around fast moving growth-stage companies like these.”
The HyperGrowth cohort will spend six months to improve sales processes, grow revenue, and take their companies to the next level. Companies will be working together through programming and in-depth workshops, as well as competing for additional resources including funding and investment capital.
“We have managed some really strong traction to date,” said Sachin Argrawal, CEO of EDP Software, “but our industrial customers are complex and have long sales cycles. We applied to HyperGrowth because we need to become even more sophisticated and focused in order to build a leading technology company here in BC.”