Five startups in Volta’s new cohort each receive $25,000 investment
Summary
All five companies will receive a $25,000 investment from a fund co-founded by Volta, BDC Capital, Innovacorp, and the Atlantic Canada Opportunities Agency. The fund’s co-founders intentionally collaborated to ensure startup founders across Atlantic Canada have provincial, regional, and national support. “Injecting early-stage startups with a small investment, and pairing [that investment] with mentorship and support early on has provided a tremendous boost to our regional ecosystem by helping companies get to a venture path more quickly,” said Meghann Coleman, director of strategic projects at Volta, who served as a judge at the semi-annual pitch competition. “The talent, passion, and diversity of the ideas displayed were quite impressive, and we look forward to helping the founders and their teams as they continue to grow.” Launched in 2017, Volta’s cohort program is intended to tackle the shortage of early-stage investment and resources available to Atlantic Canada’s tech startups. Bursity.ca is developing a web platform that helps post-secondary students pay their tuition by finding and applying for financial awards in a few easy steps.
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