{"id":30949,"date":"2011-07-29T07:07:00","date_gmt":"2011-07-29T03:07:00","guid":{"rendered":"http:\/\/localhost\/?p=30949"},"modified":"2011-08-08T03:08:53","modified_gmt":"2011-08-08T11:08:53","slug":"how-does-ottawas-mercury-launch-measure-up-to-founderfuel-and-growlab","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/how-does-ottawas-mercury-launch-measure-up-to-founderfuel-and-growlab","title":{"rendered":"How does Ottawa&#8217;s Mercury Launch measure up to FounderFuel and GrowLab?"},"content":{"rendered":"<p><strong><img decoding=\"async\" style=\"float: right;\" src=\"\/public\/cache\/company\/250x125\/14045_mercury_launch_255255255.png\" alt=\"\" \/><\/strong>With the addition of Ottawa&#8217;s <a href=\"http:\/\/www.mercurylaunch.ca\">Mercury Launch<\/a> last week, we now have three new startup accelerators across Canada. Mercury Launch joins Montreal&#8217;s <a href=\"http:\/\/www.techvibes.com\/blog\/montreal-welcomes-new-early-stage-startup-accelerator-founderfuel-2011-06-03\">FounderFuel<\/a> and Vancouver&#8217;s <a href=\"http:\/\/www.techvibes.com\/blog\/vancouver-welcomes-new-early-stage-startup-accelerator-growlab-2011-05-26\">GrowLab<\/a>.<\/p>\n<p>All three offer the funding and mentorship new startups need to succed, but how does each program compare?<\/p>\n<p>The big difference is that Mercury Launch is open to ONLY Ottawa-based startups whereas both FounderFuel and GrowLab are accepting applications from entrepreneurs worldwide. Here&#8217;s the rest of the tale-of-the-tape:<\/p>\n<p><!-- pagebreak --><\/p>\n<p><strong>Start date:<\/strong><\/p>\n<ul>\n<li>FounderFuel: August 15, 2011<\/li>\n<\/ul>\n<ul>\n<li>GrowLab: August 15, 2011<\/li>\n<\/ul>\n<ul>\n<li>Mercury Launch: September 5, 2011<\/li>\n<\/ul>\n<p><strong>Program duration:<\/strong><\/p>\n<ul>\n<li>FounderFuel: 3 months<\/li>\n<\/ul>\n<ul>\n<li>GrowLab: 4 months (3 months in Vancouver; 1 month in San Francisco)<\/li>\n<\/ul>\n<ul>\n<li>Mercury Launch: 3 months (plus one optional month in New York, San Francisco, or Summerview)<\/li>\n<\/ul>\n<p><strong>Accelerator Funding:<\/strong><\/p>\n<ul>\n<li>FounderFuel: Over $2 Million dollars committed to date<\/li>\n<\/ul>\n<ul>\n<li>GrowLab: $2.5 Million<\/li>\n<\/ul>\n<ul>\n<li>Mercury Launch: $2 Million +<\/li>\n<\/ul>\n<p><strong>Individual Investment size:<\/strong><\/p>\n<ul>\n<li>FounderFuel: Each team in the program receives a $10K investment, plus  an additional $5K per co-founder in exchange for 6% equity in the  company. As an example, a team of 3 will receive a total of $25K.<\/li>\n<\/ul>\n<ul>\n<li>GrowLab: Up to $25,000 in exchange for 5-10% equity in the company. In addition to the $25K in seed funding, GrowLab has partnered with BDC to offer each company that successfully graduates from the program up to $150,000 in follow-on funding.<\/li>\n<\/ul>\n<ul>\n<li>Mercury Launch: Up to $25,000 depending on need and situation for between 5-10% depending on the stage of the business and opportunity size.<\/li>\n<\/ul>\n<p><strong>Who&#8217;s Involved?<\/strong><\/p>\n<ul>\n<li>Founder Fuel: General Manager Ian Jeffrey and 85 experienced entrepreneurs,  top&nbsp;executives, VCs, and Angels to&nbsp;join the team  of&nbsp;mentors.<\/li>\n<\/ul>\n<ul>\n<li>GrowLab: Managing Director Michael Tippett and founders Boris Wertz, Leonard Brody, Debbie Landa, and Jason Bailey.<\/li>\n<\/ul>\n<ul>\n<li>Mercury Launch: Managing  partners Scott Annan, Rob Woodbridge, Scott Lake; a  loaded advisory  board (to be announced next week), and over 25 mentors to date.<\/li>\n<\/ul>\n<p><strong>Deadline to apply:<\/strong><\/p>\n<ul>\n<li>FounderFuel: It was July 1st. Applications are currently closed.<\/li>\n<\/ul>\n<ul>\n<li>GrowLab: It was June 15th but you can apply now for the Spring 2012 cohort.<\/li>\n<\/ul>\n<ul>\n<li>Mercury Launch: August 20th.<\/li>\n<\/ul>\n<p><em><strong>Disclosure: GrowLabs&#8217; Boris Wertz and his W Media Ventures is an investor in Techvibes Media Inc.<\/strong><\/em><\/p>\n<ul>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>With the addition of Ottawa&#8217;s Mercury Launch last week, we now have three new startup accelerators across Canada. Mercury Launch joins Montreal&#8217;s FounderFuel and Vancouver&#8217;s GrowLab. All three offer the funding and mentorship new startups need to succed, but how does each program compare? The big difference is that Mercury Launch is open to ONLY [&hellip;]<\/p>\n","protected":false},"author":1358,"featured_media":30951,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-30949","magazine","type-magazine","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/30949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/1358"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/30949\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media\/30951"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=30949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=30949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=30949"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=30949"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=30949"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=30949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}