Communitech starts accepting applications for HYPERDRIVE Cohort 5

Communitech HYPERDRIVE Cohort 4 recently graduated and that means it’s time for another round of startups to shine. Applications to possibly be involved in the HYPERDRIVE Cohort 5 are now open and they are looking to “create scalable, venture ready co’s” specifically in the technology space.

Funding breakdown is as follwing:
– $55,000 of initial funding [equity + loan]

– $150,000 convertible note on successful completion of 6-month program

– $500,000 from leading VCs when ready to scale at 4-month intervals.

Applications are open until November 9th and those interested in joining the 6-month program must be willing to relocate to Waterloo, and also be at the very least a team of two.

Source: HYPERDRIVE

Ian Hardy

Ian Hardy

Ian is publisher at MobileSyrup. He's been quietly creating and building things for years and is completely addicted to Tim Hortons.