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MaRS Pulls the Covers off JOLT

MaRS has climbed on the accelerator bandwagon with the launch of JOLT, which will focus on supporting Web and mobile startups.

Housed in the MaRS Commons, JOLT will select up to 15 startups a year, and provide them with office space, seed financing and mentorship, as well as access to partners and angel and venture capital investors.

“Five years ago, MaRS set out to build a platform upon which the next generation of technology companies could scale,” said Dr. Ilse Treurnicht, CEO, MaRS Discovery District. “JOLT is a key component of this platform, serving the needs of entrepreneurs in the exploding IT, communications and entertainment space by giving them the tools, capital and advice required for success, and fostering tomorrow’s growth economy.”

JOLT is the latest entry into the accelerator landscape in Toronto, which includes Extreme Startups.

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  • Abdallah

    While this is undoubtedly good news for Toronto’s ecosystem – It is bewildering to me why MaRS given its proximate location to University of Toronto and the scientific research institutes is not pursuing a Health 2.0 digital accelerator such as RockHealth (http://rockhealth.com/incubator/portfolio/).

    In my opinion this could be one area that really puts Toronto on the global map

  • http://Www.canuckseo.com Jim Rudnick

    Wow…superb news for the Toronto startup community…like FounderFuel in Montreal & Hyperdrive in KW – it appears we have some momentum happening….who do I call to get my hometown Hamilton something similar??? ;-)

    • Abdallah

      Jim, I think the innovation factory (http://innovationfactory.ca/) in Hamilton which opened last year is trying to do exactly this. It is headed by Ron Neuman who is very experienced from his years at Communitech