Early in the year, Communitech made the major announcement that it was shutting down HYPERDRIVE, its three-year-old startup accelerator, to launch Rev. A reimagining of the tech hub’s role in Kitchener-Waterloo, Communitech Rev was billed as an “ultra-practical” program focused on sales education and mentoring.
Today, Communitech has announced Rev’s first cohort, which will include the ten startups listed below:
“We were incredibly impressed with the quality of startups that applied,” said Sam Legge, Communitech Rev Program Manager, in a statement to BetaKit. “All the companies chosen have exciting technology that solve real problems, and Rev will help them build out their sales functions and provide resources to help scale their companies.”
As part of its new program mandate, Communitech will not be taking an equity stake in the participating startups, but will match current capital up to $60,000 via the OCE SmartStart program. The first cohort will begin March 31st, as the companies settle into a six-month residency in the Communitech Hub.
Image courtesy Meghan Kreller.