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19 January 2024·13 min read

Sofia Drobychevskaya & Ilya Mikhalchyk-Kananenka

Best Startup Accelerators And Incubators In the USA, Canada and Mexico

Let's delve into the heart of startup accelerators and incubators in the USA, Canada and Mexico, highlighting their unique contributions to nurturing new businesses. From Silicon Valley to Nova Scotia in Canada, each platform offers valuable resources to fledgling companies. We'll explore the support provided by the likes of Y Combinator, Tech Stars, and others, which are not only fostering local entrepreneurial talent but also drawing international attention to NAMER vibrant startup landscape. Join us and learn how they're helping entrepreneurs to kickstart their journey towards innovation and success.

Y Combinator (YC)

Y Combinator (YC), a leading startup accelerator in Silicon Valley, is famed for advancing high-growth tech startups like Airbnb and Dropbox. Offering $125k for a 7% equity stake, YC focuses on product development, user acquisition, and funding strategies. Participants receive mentorship and exposure to investors, especially during the pivotal Demo Day. The program is ideal for seed-stage, tech-focused startups seeking rapid growth and significant market impact. YC's alumni network provides ongoing support and networking opportunities for its graduates.

TechStars

TechStars, a leading seed accelerator based in Boulder, Colorado, has propelled over 1,600 companies, including well-known names like SendGrid and ClassPass, to a combined valuation of over $8B. With a presence in multiple global locations, TechStars runs about 50 accelerators across various sectors like fintech and healthcare. In its 12-week program, similar to Y Combinator, TechStars invests $120k for a 6% equity stake, offering intense mentorship and culminating in a demo day. Participants gain lifelong access to the TechStars global network and over $1M in perks. Ideal for tech startups, high-growth companies, and first-time entrepreneurs.

AngelPad

AngelPad, a prestigious seed-stage accelerator based in New York and San Francisco, has gained acclaim as a top U.S. accelerator since 2015. With over 150 successful launches, including Buffer and Postmates, AngelPad offers a unique approach by investing $120k in each startup and providing substantial cloud credits. It distinguishes itself by focusing on a small cohort of 15 startups every six months, selected from thousands of applicants. Despite its less than 1% acceptance rate, AngelPad provides in-depth, personalized mentoring, covering aspects from product development to investor pitching. Ideal for high-growth tech startups, AngelPad's approach is tailored for those seeking intensive guidance and hands-on experience in the competitive startup landscape.

Plug and Play

Plug and Play, based in Silicon Valley, is a unique accelerator that connects startups with over 500 major corporate partners. Having invested in over 2,539 startups, with portfolio companies raising over $9B, they stand out with an in-house VC team participating in various funding rounds. What sets Plug and Play apart is its flexibility in working with companies at any stage, from pre-seed to Series C and beyond, across diverse sectors like real estate, cybersecurity, and fashion. They offer resources like top-tier mentorship, office space, and crucial introductions to large corporations.

500 Startups

500 Startups, now known as 500 Global, is a prominent venture capital firm based in Mountain View, California. With $2.4 billion in assets under management, it operates 4 major funds and 13 micro funds, investing in startups across over 60 countries. Its notable investments include Udemy and Credit Karma, with successful exits to companies like Google and Rakuten. 500 Global focuses on technology-driven companies in markets where innovation can stimulate economic growth. The firm also advises governments and corporations on supporting entrepreneurial ecosystems. Having backed over 5,000 founders from more than 2,800 companies its portfolio includes over 35 companies valued at over $1B. 

MassChallenge

MassChallenge is a global accelerator with programs in Boston, Israel, the UK, Mexico, and Switzerland. They support startups across industries and regions without taking equity. They do not take equity from the startups they support and operate as a not-for-profit organization.  Startups with innovative potential are selected through a competitive application process. MassChallenge provides mentorship, tailored curriculum, and opportunities with corporate partners. They also award cash prizes to top startups. Their alumni have raised over $2 billion, generated $900 million in revenue, and created 65,000 jobs globally.

Entrepreneurs Roundtable Accelerator (ERA)

Entrepreneurs Roundtable Accelerator (ERA) is New York City's largest startup accelerator, offering two four-month programs each year. While it doesn't guarantee direct funding, ERA provides seed capital, co-working space, and hands-on assistance. Startups receive $150K on a 6% post-money SAFE, with potential for follow-on funding. ERA’s network of over 500 mentors across various industries provides startups with mentorship, strategic advice, and investor connections. The program includes workshops, speaker series, fundraising sessions, and pitch practice, emphasizing mentorship and community among participants and alumni. ERA supports startups in achieving key milestones and navigating the fundraising process, culminating in a Demo Day to present to investors. Post-program, ERA maintains a long-term partnership with its startups, aiding in their continued growth and funding efforts.

The Alchemist Accelerator

The Alchemist Accelerator specializes in propelling early-stage startups focused on enterprise markets. Known for its structured approach to fundraising and customer acquisition, the program is ideal for startups seeking to partner with large enterprises. Alchemist offers mentorship from top figures in enterprise software and is supported by corporate venture capital investors and prominent VC funds.Startups grant 5% equity to Alchemist in exchange for a cash investment and service credits totaling approximately $450k. Over 300 companies have showcased at Alchemist Demo Days, with more than half securing substantial institutional investments. Alumni have successfully raised over $1.2B in total, with several being acquired by major firms like Cisco and Box. 

The HAX 

The HAX program, under SOSV, specializes in accelerating pre-seed hard tech startups through a 6-month residency, providing $250,000 in initial investment and hands-on support. It focuses on startups with a prototype and vision, working closely with founders to enhance technical and business development. As part of the global SOSV network, HAX offers access to a diverse community of mentors and experts, and continues investing in its startups' growth. This program is part of SOSV's larger ecosystem, which includes IndieBio for biotech innovations and a robust marketing platform to highlight portfolio companies in various high-impact sectors.

 Indie Bio

IndieBio, a key part of the SOSV ecosystem, offers a unique accelerator experience for biotech startups in New York City and San Francisco. Known for pioneering support in biotech and climate tech, IndieBio integrates substantial lab resources and provides up to $525,000 in initial funding. They focus on a personalized, intensive approach to startup development, offering rigorous training and hands-on support from experienced partners. IndieBio’s model includes continuous investment from Seed through Series C stages, with a history of significant capital deployment. .

Orbit Startups

Orbit Startups, a branch of SOSV, specializes in accelerating startups from emerging markets. It offers startups an initial $180,000 investment and access to further funding. The program provides extensive support, including strategic insights, team-building assistance, and mentorship. Emphasizing long-term relationships, Orbit helps startups with growth strategies and connects them to a global network for further development and funding opportunities. It's an ideal choice for startups in emerging markets looking for robust support and a commitment to their long-term success.

Forum Venture Accelerator 

Forum Ventures' Accelerator Program is a comprehensive offering for B2B SaaS startups in New York, San Francisco, and Toronto. Founded in 2014, they offer a range of services, including startup creation, acceleration, seed-stage funding, and fundraising support. With over 210 portfolio companies globally, Forum Ventures has helped founders raise over $360 million in follow-on funding from top venture capital firms. They emphasize their role as confidants, providing support throughout the startup journey, and have built a strong community of founders, mentors, and experts to offer assistance and guidance. Forum Ventures aims to make the B2B SaaS journey easier and more successful for early-stage founders.

LE CAMP

LE CAMP is a Quebec-based incubator-accelerator focused on supporting tech businesses at various stages, from pre-startup to international expansion. They offer a personalized 6 to 24-month acceleration program for entrepreneurs with technology products in the commercialization phase. This program provides guidance, business development support, and access to experts and resources. LE CAMP also offers an "OPTION +" that includes physical office space with 24/7 access. They are a significant player in Quebec's technology entrepreneurship ecosystem and receive financial support from the City of Quebec

Creative Destruction Lab (CDL)

Creative Destruction Lab (CDL) is a global accelerator for tech-based companies in various industries. Affiliated with the Rotman School of Management at the University of Toronto, CDL connects startups with experienced entrepreneurs, investors, and scientists. CDL's mission is to enhance science commercialization, create an entrepreneurial mindset, and measure success through equity value creation. It supports the transition from science projects to high-growth companies, and its funding comes from various sources, including a $25M grant. CDL also plays a role in education, preparing students for success and addressing gender disparities in STEM.

Volta

Volta is a startup hub in Halifax, Nova Scotia, supporting early-stage tech founders in Atlantic Canada. While not an accelerator, it provides co-working space, mentorship, and over $50,000 in resources to resident startups. Volta's Growth Coaches work closely with founders, emphasizing shared responsibility for success. They aim to help Atlantic Canadian startups take risks and build valuable companies by providing access to advisors and tools. Volta envisions being a key support hub for founders in the region and fosters a proactive, inclusive, and data-driven culture.

Velocity

Velocity, based at the University of Waterloo in Waterloo, Canada, is a leading entrepreneurship program that has assisted over 400 startups in the HealthTech industry since 2008. They provide resources like mentorship, workspace, and funding opportunities. Velocity engages with students and researchers on campus, helping them explore and develop startup ideas. Their goal is to nurture scalable and innovative businesses. With over $4.2 billion raised in funding and 5,000+ jobs created by their alumni companies, Velocity has a strong track record. They offer access to flexible development lab space and have a valuable partnership with PerkinElmer, a major health care and life sciences company.

Edmonton Unlimited

Edmonton Unlimited  is fostering innovation with three global accelerators: Plug and Play Alberta, Alberta Accelerator by 500, and TELUS Community Safety & Wellness (CSW) Accelerator. These are funded through a partnership with government levels and managed by Edmonton Unlimited. They also offer a pre-accelerator program, Alberta Catalyzer. These initiatives support early-stage startups with tech-enabled solutions in growing sectors like clean energy and AI. The goal is to provide tailored support, access to experts and global networks, and promote inclusivity in innovation. Edmonton Unlimited, established in 2020, aims to make Edmonton a global innovation capital, addressing pressing global issues through innovation and community building.

The Accelerator Centre

The Accelerator Centre, based in Ontario, has consistently ranked among the world's top 5 private business accelerators since 2017. Moreover, it presents an exciting opportunity for startups to secure up to $100,000 in funding through AC:Studio, an innovative hybrid accelerator/venture studio program. AC:Studio not only offers financial backing but also provides invaluable mentorship, sales training, product development support, and a range of additional resources tailored to empower high-impact startups. This presents an exceptional opportunity for entrepreneurs to launch their businesses with the essential resources and expert guidance needed for success.

FounderFuel 

FounderFuel, Founded in 2010 in Montréal, FounderFuel is Canada's leading venture accelerator, specializing in technology and AI. It offers a 4-month intensive program that equips tech founders with essential skills and mindsets to turn their visions into successful companies. With a focus on leadership, narrative, learning, networks, and execution, FounderFuel's mentorship-driven approach has led to 13 exits and significant funding. The program culminates in Canada's largest Demo Day, motivating founders to refine their pitches. Supported by Real Ventures, FounderFuel accelerates technology-powered startups toward success.

Google for Startups Accelerator Latin America

The Google for Startups Accelerator Latin America, established in 2015 and based in Mexico City, is designed for top Latin American startups focusing on AI and ML. This program offers equity-free support, mentoring from over 20 Google teams, access to a global network of experts, and partnership opportunities on advanced technology projects. Participants also receive technical training and strategic guidance in various aspects of their business, along with Google product credits and early access to new services. It's an opportunity for startups to innovate, grow, and connect with a global mentor network.

Orion Startups

Orion Startups, founded in 2014 in Chihuahua, Mexico, by Dr. Antonio Ríos and Ing. Luis Almanza, is an accelerator and micro-venture capital firm focusing on early-stage software and internet startups. The firm offers a 20-week accelerator program and invests $30K USD for 10% equity in each startup. It has made 29 investments across various industries like Wellness, Travel, IoT, and AI. Located at Orion Technology Park, the program provides startups with not just funding but also office space and access to a dynamic startup ecosystem.

Startupbootcamp FinTech Mexico City 

Startupbootcamp FinTech Mexico City is a leading accelerator for early-stage FinTech startups expanding in Latin America. It offers a 3-month intensive program to 10 selected startups, providing mentorship from over 400 industry experts, office space in Mexico City, seed funding, and access to a global investor network. The program focuses on financial wellbeing, sustainable practices, financial inclusion, and sustainable growth. Participants also benefit from over €500K in partner deals from top tech providers. This accelerator is ideal for ambitious FinTech startups seeking growth in the Latin American market.

Badhouse Ventures

Badhouse Ventures, based in Vancouver, Canada, is a notable accelerator focusing on early-stage digital technology startups, particularly in the pre-seed phase. They offer a 9-month program, providing up to $100,000 in capital, expert mentorship, and co-working space. Targeting software-focused startups, including areas like SaaS, AI, and web3, Badhouse helps them from prototype to product/market fit. The program supports about 10 startups yearly with tailored advice, cloud services credits, and other partner perks. While primarily investing in Canadian companies, with a focus on Western Canada, they are open to startups from different locations. Badhouse Ventures is known for its hands-on approach in aiding startups to prepare for seed funding rounds and beyond.

Expa

Expa is a global startup accelerator offering significant support to pre-seed entrepreneurs, with founders experienced in leading companies like Uber and Twitter. Located in key cities such as Vancouver, San Francisco, New York, Los Angeles, and London, Expa provides one of the largest investment sizes in Canada, ranging between $250K and $400K. Their 6-month program focuses on a range of services from branding and product design to operational support, including company formation and talent hiring. Expa also offers initial capital and assistance with follow-on funding, leveraging its extensive network of advisors, founders, and investors to guide startups through early-stage challenges and accelerate their growth.

Innovate BC

Innovate BC, established in 1978 in Vancouver, serves as a one-stop center for startups. The organization runs two main accelerator programs: the Venture Acceleration Program (VAP) for founders who need to validate their business ideas, and ScaleUp, targeting companies ready to scale post-product-market fit, with programs run by partners like VentureLabs and Foresight. Innovate BC extends its support beyond accelerators, offering a range of programs that address key business challenges, including intellectual property strategy, pilot project funding for SMEs, technology adoption in agriculture, and support for research commercialization. Collaborating with a wide network of partners and part of the ElevateIP program by Innovation, Science and Economic Development Canada, Innovate BC is committed to supporting startups across multiple sectors.

Related Posts:

Best Startup Accelerators And Incubators In Iceland (by Sofia Drobychevskaya, Vestbee)

Best Startups Accelerators and Incubators In Cyprus (by Aleksandra Woszczyk, Editor, Vestbee)

Best Startup Accelerators And Incubators in Ukraine (by Aleksandra Woszczyk, Editor, Vestbee)



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