- MaRS announced the launch of a new Growth Acceleration Program
MaRS announced the launching of a new Growth Acceleration Program, which is a multi-sector initiative designed to support executives of scaling and high-growth companies on their way to reaching $20 million in revenue.
The Growth Acceleration Program – which was funded by FedDev Ontario – is considered ideal for ventures with total funding of $10 million to $20 million and/or annual recurring revenue of $5 to $20 million that have a core product in the market with traction beyond early customers.
This program supports ventures within the Canadian startup ecosystem on their sales and marketing, revenue growth, and talent development through expert advisory, data tools, and community-building opportunities.
KEY QUOTES:
“Given the state of today’s economic environment, supporting Canadian ventures has never been more crucial. We need to help companies look beyond capital markets, to economic opportunities, to really be able identify the threats and risks to their business models. This program will equip companies with the necessary tools of business fundamentals to optimize their growth inside whatever market conditions come their way.”
— Krista Jones, chief delivery officer, ventures and ecosystems group at MaRS
“I feel even more confident that we’re going to succeed because whether it’s engineering, supply, logistics, sales or marketing, we will have access to knowledgeable people that can help us do what we’ve been very good at, but we can be even better at. The Growth Acceleration program will help the whole team get aligned even more and get us even closer to success.”
— Louis Brun, co-founder, president and CEO of Sollum Technologies (participating member)
“By guiding founders and their teams and ensuring their systems and processes are engineered to drive their desired outcomes and valuation milestones, these companies will have the capability to become world-class category dominators.”
— Dennis Ensing, chief venture advisor and vice president of venture growth at MaRS
