Kanata-based L-Spark is refocusing its accelerator to find the best software-as-a-service firms in Canada.
The company announced Wednesday it’s opening applications for its sixth accelerator cohort. L-Spark’s program has become known for its aggressive scaling approach that sees companies earning between $10,000 and $30,000 in monthly recurring revenue attempt to scale 10x over six months. Some 47 companies, including Ottawa’s Member365, Cliniconex and FileFacets, have run through the Kanata accelerator since its inception in 2015.
The accelerator had been focused on B2B SaaS companies until last year’s program, which saw L-Spark open up applications to companies in the fields of cybersecurity, Internet of Things and deep tech. L-Spark is bringing its flagship program back to its SaaS roots this year after launching corporate accelerators with TELUS and BlackBerry QNX covering the secure IoT and autonomous vehicle sectors.
Companies such as Martello Technologies and Bluink were on hand at Ottawa’s new L5 testing site to demonstrate the results of their participation in the first cohort of the BlackBerry accelerator, which L-Spark has confirmed will continue into a second year.
Applications for the L-Spark B2B SaaS program are open now until Aug. 21.