Communitech Hyperdrive, a newer Waterloo-based incubator program that graduated its first cohort of startups last year, today unveiled the second class of companies that will be able to take advantage of its more than $30 million in available funding and network of entrepreneurs and mentors. The list includes some standouts who have already made a bit of a name for themselves, as well as companies tackling specialized problems and niche markets.
Here’s a rundown of the incoming Hyperdrive participants, who will each be getting an initial $40,000 investment from the program in exchange for 6.4 percent equity, with the option of a $15,000 loan on the table.
To read the original article: Waterloo Incubator Hyperdrive Unveils Second Cohort Of Startups, Tackling Everything From ESL To Medical Imaging | TechCrunch
