Toronto, Canada-based innovation centre MaRS has created a new technology accelerator dedicated to building high-growth web and mobile companies that promise to transform the way consumers and enterprises connect, work and play.
Based in the MaRS Commons and led by Executive Director Susan McGill, JOLT will select up to 15 high-potential startups annually, providing them with space, seed financing and mentorship, as well as access to partners and top angel and venture capital investors in the industry.
The goal of the program is to accelerate market validation and, in turn, help these companies secure the capital and talent necessary to scale efficiently.
To help support and guide startups to market entry, JOLT has attracted more than 70 experienced entrepreneurs and executives from many of Canada’s leading startups, and venture capital, technology and entertainment companies, including: Polar Mobile, Spark59, Virgin Gaming, Google, Zynga, Kobo, etc.
It is also collaborating with a number of partners who will actively commit their time, expertise and services to help the accelerator companies become market leaders, including the CFC Media Lab, JET Cooper, The Working Group, Media Profile, Global Accelerator Network, and Postmedia Network Inc.
JOLT will announce the call for applications shortly.