Communitech Rev announces first cohort

Communitech Hub Photo- Meghan Kreller

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:

    Advolve Media
    Aterlo Networks
    Nicoya Lifesciences
    Nix Sensor

“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.

Douglas Soltys

Douglas Soltys

Douglas Soltys is the Editor-in-Chief of BetaKit and founder of BetaKit Incorporated. He has worked for a few failed companies and written about many more. He spends too much time on the Internet.

2 replies on “Communitech Rev announces first cohort”
  1. Avatarsays: Waterloo

    LOL this is such a big scam. Two of those companies went to Ycomb. What can they possibly get from Rev? Communitech is trying too hard to make this program work (after Hyperdrive’s fiasco), and has forgotten that they are supposed to be helping startups that actually need help and guidance.

  2. Avatarsays: Amelia

    I’ve been waiting for this announcement for months. Interesting choice for Communitech to help startups that are already on second base…can’t wait to see how Rev helps them make a home run. Sounds like this program has potential to make accelerator programs think beyond just helping startups get money/space, and think more about how to have long-term success with sales.

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