About

What is Bootup Labs?

A Vancouver-based startup accelerator designed to help founders build Internet startups and take them to their first round of funding.

We work with founders starting companies in the areas of:

  • consumer internet
  • mobile
  • gaming
  • enterprise internet

Our goal is to build Bootup Labs into the best place to found and build your Internet startup.

The Program

We work with founding teams to get them from prototype to traction. We look for great teams with big ideas, and provide them with financial, mentor, and other support to help them succeed.

If accepted, we'll work with you to build your company into a state where it is ready for Series A financing - or whatever you decide to do next. We do this by picking up the tab for a lot of the day to day expenses and worries, and getting you to focus on building your business. The expenses we cover include office space, financial and accounting tasks, and corporate legal expenses.

The staff at Bootup Labs has experience in building, marketing, and funding startups, and we work with you to grow your startup. We match this with an all star cast of mentors with different sets of expertise and industry knowledge who visit Bootup Labs on a regular basis.

Lastly, we do make some direct cash available to your team. This is structured as a "convertible line of credit," which you can access when and if you need it. Some more experienced entrepreneurs opt to not draw down any money, but love the main structure and value of the program. What's the catch? Upon being accepted into Bootup Labs, you'll give us a 5% equity stake in your company. If you use the entire line of credit, you'll give up another 10% equity stake.

To recap:

  • Companies join in groups we call Cohorts
  • Includes office space, finance, accounting and corporate legal expenses
  • Access to great mentoring and hands on support from Bootup Labs and group of world class CEOs and Founders.
  • Graduation demo days where you present your company to a Angels and VCs in Vancouver and Silicon Valley
  • $100,000 convertible line of credit
  • Costs you between 5% - 15% equity stake depending on how much money you choose to draw down

How to Apply

Fill out our application form to get started. If there is currently no live application, you can subscribe to be notified of future application openings.

Other questions? Don't worry, we love meeting entrepreneurs and introducing them to the local community. Just get in touch and we'll go from there. The FAQ might cover some items as well.