Communitech Unveils the 11 Startups in Hyperdrive’s Third Cohort

Waterloo-based Communitech announced recently that it made some changes to its Hyperdrive accelerator ahead of its third cohort of startups.

Now it’s unveiled that third cohort.

“The intent with Hyperdrive has always been to take our companies to the point where they have validated their business models and markets and become attractive prospects for investors. With our new format, we are better positioned to transition them into the sales and marketing mindset they need to drive revenue and scale their businesses,” says Doug Cooper, the program’s managing director.

Here are the 11 startups participating in Hyperdrive’s third round:

AvidTap: “Its first product is a mobile pre-payment and loyalty platform that will engage, retain and attract local customers.”

Market Clouds: “A web-based financial terminal that delivers the tools investors need, at a price they can afford.”

Roadmunk: “A collaborative web application that allows executives and product managers to create and publish beautiful product roadmaps.”

Studybucks: “A mobile application where parents can reward kids with cash for solving math problems.”

Togethr: “A mobile gift giving service that revolutionizes the way friends, families and colleagues give to one another.”

Apollonia Health: “An oral healthcare biotech company developing and commercializing natural, safe and effective anti-cavity oral rinse products for children.”

Commission Pitch: “A platform that fills an online void for information on real estate agents’ skills, experience and expertise by providing neighbourhood-level statistics on agents’ transaction histories.”

RENOMii Technologies: “A SaaS company developing software that allows for easier, content-rich communication between homeowners and contractors during a renovation.”

StrataVox: “A cloud-based platform that streamlines processes and communications for the property management industry.”

Tacit Innovations: “Its RestoLinkx product revolutionizes the way consumers discover, browse, order and pay for their meals at any restaurant from the comfort of their smartphones.”

Smile Epidemic: “Workplace social engagement software that disrupts employee engagement measurement and stimulus by providing more accurate, relevant and current data that will forever change how employers spend their HR budgets.”

Since its creation in 2012, Hyperdrive has admitted 18 companies to its first two cohorts. These startups have raised $3.7 million and created over 70 jobs.

“Hyperdrive embodies everything Communitech strives to accomplish. Nowhere else in the world can you find such a concentration of mentors, resources and tech companies sharing ideas, experiences and strategies for success to drive a region’s economy forward,” says Iain Klugman, CEO of Communitech.

Communitech’s Hyperdrive incubator has opened applications for its third cohort of startups.

Since its creation a year ago, Hyperdrive has admitted 18 companies in two cohorts of a $30-million program based at the Communitech Hub in Kitchener.

According to Hyperdrive, these startups have created more than 70 jobs, raised more than $2.5 million in investment, and generated more than $500,000 in revenue.

RELATED: Check Out Hyperdrive’s Second Cohort

“Our focus is to help early-stage companies grow into sustainable businesses,” says Doug Cooper, Hyperdrive’s Managing Director. “Our mission is to take companies from seed stage to Series-A investment ready in 24 months.”

Hyperdrive starts with a “rigorous three-month sprint,” in which startups focus on validating their markets and acquiring customers. The companies then spend nine months refining their businesses and building sales channels, followed by a full year of scaling up operations.

Apply to Hyperdrive Cohort 3 here.