Company Research Report: Propel ICT
Company Overview
Name, Mission of the Company
- Name: Propel ICT
- Mission: Propel is dedicated to serving tech startups throughout Atlantic Canada by providing the skills required to build successful technology ventures, particularly focusing on the development of "baby unicorns" through skills acceleration and virtual coaching.
When was the Company Founded and by Whom
- Founded: In 2003
- Founders: Gerry Pond, Curtis Howe, and Jeff White
Key People in the Company
- Kathryn Lockhart - CEO
- Elaine McKinnon - CFO
- Angela Hodgson - Director of Operations & Programming
- Leanne Fraser-Hendricksen - Accelerator Operations Coordinator
- Özge Yeloğlu - Chair of the Board of Directors, Vice President, Advanced Analytics & AI at CIBC
- Notable Board Members include Gerry Pond, Mark Dobbin, Nicole LeBlanc, and Ted Graham among others.
Where is the Company Headquartered
- Headquarters: Saint John, New Brunswick, Canada.
Number of Employees
- No information is available.
Revenue of the Company
- No information is available.
What is the Company Known For
- Propel ICT is known as Atlantic Canada’s Virtual Accelerator, offering tailored programming and virtual coaching services for tech startups across the region.
Products
What Products Do They Offer
- E-Accelerator Program:
- A virtual accelerator program supporting pre-revenue and revenue-generating companies.
- Aims to help startups validate product/market fit, find repeatable customers, and raise financing.
High Level Description of the Product
- E-Accelerator Program:
- Provides skills, knowledge, and mentorship required for scale-up businesses.
- Offers virtual coaching with the flexibility of remote access.
Key Features of Each of the Products
- E-Accelerator Program:
- Virtual delivery allowing participation from any location.
- Focused coaching on business strategy, market validation, and customer discovery.
- Access to a global network of mentors, advisors, and investors.
Recent Developments
What Are the Recent Developments in the Company
- Appointment of Özge Yeloğlu as New Board Chair:
- Transition from Jeff White, marking an emphasis on AI and data analytics leadership.
What Are the New Products Launched
- No information is available.
What Are the New Features Added to the Existing Products
- No information is available.
Any New Partnerships Etc
- Board Additions:
- New Directors include Jennifer LaPlante, Sreejata Chatterjee, and Sean Power, expanding governance and innovation leadership.
- Funding and Support:
- Received $1.05M in funding support from the Government of Nova Scotia, enhancing their accelerator capabilities.
This report encapsulates the key elements and recent dynamics of Propel ICT that are publicly available and relevant for comprehensive company profiling.
