L-Spark incubator oversubscribes second cohort

OBJ Staff
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After considering 175 applicants, Kanata-based L-Spark has selected nine startups for its incubator’s second cohort, the organization announced Wednesday.

Alexandre Shee of Real Ventures 

Fourteen finalists attended a pitchfest in January. While L-Spark expected to accept a maximum of eight startups, it ended up oversubscribing, with the companies coming from Montreal, Waterloo, Toronto and Ottawa.

“The L-Spark team found some of the most promising startups from across Canada to join their next cohort,” Real Ventures’ Alexandre Shee said in a statement. “The quality of the businesses was of the highest levels.”

Ms. Shee was joined on the selection committee by representatives of BDC Capital, HIGHLINE VC, IBM, MaRs Investment Accelerator Fund, Mistral Venture Partners, Microsoft Canada, Wesley Clover International and Whitecap Venture Partners.

The nine companies will now move into L-Spark’s offices for four months, where they will have full access to key resources and experienced mentors. They will also get introduced to key L-Spark partners to explore customer or partnership opportunities.

The incubator for enterprise software said in a release it is promising to create opportunities similar to those that led to a recent $275,000 funding announcement for Mydoma Studio, an L-Spark incubator alumnus.

2016 L-SPARK Incubator Cohort:

Amplify by Pixelera is a breakthrough online platform designed specifically for member-based organizations to help them grow membership, automate common data-driven tasks and strengthen member engagement.

BidFoundry is a specialized online retail and auction platform that connects qualified buyers of investible collectibles with trusted dealers and auction firms through targeted marketplaces.

Buildmetric is a deficiency management platform used by homebuilders to minimize the financial risks associated with construction-related defects.

EssayJack is an interactive web-based application that pre-structures essays for students, reduces writing anxiety and allows for educator customization and feedback.

Fitchek is a fully automated transactional marketplace and management platform that seamlessly connects local health and fitness service providers with more customers.

Friendefi provides a configurable audience engagement platform that enables companies to better understand, recognize and motivate customers, employees or channel partners using a combination of gamification, social referral and digital rewards to drive target behaviours.

Intelocate optimizes retail supply chain management execution and collaboration to deliver increased profitability and a remarkable store experience. Intelocate replaces legacy communication channels, reducing employee effort while increasing operational capability.

Optimity is an employee wellness and engagement platform that achieves the industry’s highest participation rate using mobile apps, wearables and an online portal to cultivate powerful habits.

TitanFile is an easy and comprehensive way for professionals to communicate and share files with each other and their clients in total security.

Organizations: Venture Partners, BDC, IBM Microsoft Canada

Geographic location: Montreal, Toronto, Ottawa Canada

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