HyperGrowth, BC’s only second-stage revenue accelerator, has returned and we're continuing our journey to grow the next cohort of billion dollar tech companies. For six months, HyperGrowth companies are fully immersed in a residency program focused on driving revenue growth, while receiving support and advice from world-class advisors and active CEOs from Vancouver's leading tech companies. We've found a group of exception BC-based startups who are ready for the global stage, click here to meet our HyperGrowth 2.0 cohort.
The Journey Continues May 2016
Our belief is simple:
Connections + Expertise + Accountability = HyperGrowth
For six months, your team will experience an intensive program designed to drive revenue growth. The advisory team is led by BCTIA Innovation Hub Founding Partners, including Warren Roy, CEO of Global Relay, Jeff Booth, CEO of BuildDirect, and Laurie Schultz, CEO of ACL, alongside a cross section of the Vancouver tech industry's leading functional experts.
HyperGrowth companies will receive the support they need to succeed from all angles. In addition to programs, resources, expert advice, and priceless connections, they will also receive:
Convertible Note Program - HyperGrowth companies that meet specific criteria are eligible to receive funding in the form of a convertible note, SR&ED loans, and other business banking products and services from Vancity.
Investor Readiness - We've partnered with Alacrity Foundation and one of Canada’s most successful technology investors Wesley Clover to deliver an Investor Readiness Program that includes a field trip to the Valley and introductions to the who's who on Sandhill Road.
Embedded Executive - Up to $5000 in matched funds helps you “try before you buy” and bring a senior sales or marketing executive onto your team to support a multi-month project.
Soft Landings - $4000 along with free office space and intros to new markets. Commit a Sr. Business Development person in market and you can work from our partner’s office space. Hypergrowth companies will also have priority access to CTA programs.
Bursaries – Available to top performing companies, professional service firms are looking to invest in HyperGrowth companies and provide additional support where needed.
There's an exception to every rule, but here's a quick test to tell if your company is ready for HyperGrowth:
We are no longer accepting applications for HyperGrowth 2.0, but we are always on the lookout for incredible tech companies to work with.
If you believe your company is ready for HyperGrowth, and would like to be considered for other BCTIA programs and/or future HyperGrowth cohorts, please submit your investor pitch deck to Clayton Racine Weir at firstname.lastname@example.org
Not sure what should be in your deck? Check out our FAQs.
...and a huge thank you to The Hub Founding Partners
Here are some answers to the most commonly asked questions.
Don't see what you're looking for? Email email@example.com.
There are plenty of excellent programs in BC that will help a growing startup get from "napkin" to market, which is really the first job for startups. HyperGrowth is looking for companies with that are already in market, seeing strong early results, and are ready to take it to the next level. That's what the "second stage" is all about.
We assume that you've made an investor pitch deck before, but in the event that you haven't, here's what we're looking for:
We picked the target revenue numbers as a proxy for having a good product and customers who care about it. Depending on your average invoice size, $200,000 might mean a lot of customer traction or just one customer. One of the Cohort 1.0 companies started below the initial threshold, but we saw huge potential in their product.
Don't let being outside the threshold ($200,000 - $2,000,000) stop you from applying.
We don't believe in 'make work' projects. HyperGrowth is not about checking boxes, or completing tasks for the sake of crossing things off lists. The minimum mandatory requirements of HyperGrowth are a few hours per week for workshops and meeting with coaches, but Cohort 1.0 companies reported that they actually saved time during the progra, by doing things right the first time instead of wasting time with trial and error.
That being said, being the founder of a growing tech company is a 24/7 job, but you are used to that by now...
We could list 100 people on our website as advisors, but what good is it if you never meet them or they don't help your company grow?
By definition, important people tend to be busy, but our first cohort was surprised by the regular access they had to the mentors listed on our site, and the degree to which top functional experts from key Vancouver companies helped them build their business processes. Some of our advisors even chose to invest in Cohort 1.0 companies, and while there's no guarantee of that, it shows how closely they were working with the companies in the program.
So, the short answer is "yes, they show up and they're awesome."
Does this program sound too good to be true?
It might, but the truth is, we run HyperGrowth because it's the right thing to do. CEOs and Founders of companies like Build Direct and Global Relay are involved in our program because they know how hard it was for them to grow their companies, and they want to offer better support than they received as startups. Companies like ACL and Microsoft have made deep commitments to growing the Vancouver Tech Ecosystem and believe in giving back.
We don’t take equity, and there is no program fee for cohort companies.
All we ask is that HyperGrowth companies are or become BCTIA members, share success stories and feedback with us to help improve the program, and remember what it felt like to receive this support so you don't forget to pay it forward in the future...
© 2015 HyperGrowth