What type of companies are you looking for?
We are looking for companies that are led by under-represented minorities in the digital media industry. Specifically, this means that at least ONE of the founders is a Female, or person of colour. We are interested in product-focused companies in the consumer internet, mobile space and cloud computing space.
How long is the program
Can I apply if I am outside of the Toronto?
Yes, however all applicants must relocate to Toronto for the duration of the program.
Can I apply if I don’t have a prototype yet?
Your prototype may be semi-functional, completely function, or even mock up designs that explicitly describe what you plan to create. Having said that, we are only interested in start-ups that have the capacity to execute. Having a prototype is very important in the evaluation process of your idea and ultimately your admission to Driven. Please DO NOT apply without a prototype to show.
Do you take equity?
No. As a non profit organization, our primary goal is to create social impact that adds value to ecosystem.
Do you charge the start-ups a fee to participate?
Yes. We charge a one time fee of $699 CAN per team. The funding supports our non profit social enterprise.
Do we have to work out of the Driven offices during the 12-week program?
Yes. The space is free, and you have the opportunity to learn from and collaborate with other start-ups in the program.
Do you provide funding?
Not at this present time, however we will provide funding in the very near future. We do leverage our connections in the investment community to provide our start-ups with direct access to funding.
What if we’ve already taken some funding. Can we still apply?
Yes, please reference this on your application.
Why should I participate?
Driven is here to help entrepreneurs take their startup to the next level. We are a team of passionate entrepreneurs, with an interest in stimulating positive change in the ecosystem. Our mentors and speakers and some of the best in their industry. We also have some great perks and benefits for each startup team.
What do I get from Demo Day?
Simple. You get the opportunity to pitch in front of some pretty impressive people. If you’re on your game you’ll rise to the top. Whether you’re on your game or not, being an entrepreneur is about hustle and tenacity. We encourage Founders to embody this spirit not just on Demo Day but throughout the program.
What type of commitment do you require?
We require a full-time focus during the program so that teams can successfully launch or scale their companies. The first few months in a startup’s lifespan are often the most productive, and can make or break the company.
How large of a team can apply?
Generally 2 to 4 people, but experience has shown that teams of 2-3 work significantly better.
Do I need a technical co-founder?
No, but it’s HIGHLY encouraged. Ideally, we are looking for teams with at least one very talented technical founder.
Do I need to provide a business plan?
No. Although a good thing to have, a business plan is not necessary. We are more interested in your team, prototype and readiness to launch.
Will Driven Accelerator Group sign an NDA?
No, we cannot sign an NDA due to the large number of applications we receive, but we do not share applications outside of our selection committee. The more details you are able to provide about your startup and its’ plan, the higher the likelihood of you being accepted into the program.
Are you looking for investors?
Yes. Our goal is to create a fund which will invest directly in the start-ups we accelerate. Please email firstname.lastname@example.org if your would like to participate.