Slingshot Accelerator

What is Slingshot?

The RADIUS Slingshot Accelerator is a six-month program that supports early stage, social impact ventures that are ready to grow. Through Slingshot’s unique combination of cohort based learning, individualized mentorship and equity investment, we support you to become investment, market, and growth ready. The cohort size is limited to eight ventures to ensure participants benefit fully from the program.

WE INVEST IN YOU! RADIUS OFFERS OVER $40,000 IN CASH AND IN KIND INVESTMENT IN EVERY SUCCESSFUL VENTURE IN THE SLINGSHOT PROGRAM.

Applications are Currently closed

Who should apply?

We’re recruiting ventures that help people live healthy lives!

Slingshot helps ventures become investment, market, and growth ready, with a mix of cohort based and individualized supports.

Venture Focus

Do you have an early stage venture that supports any of the following for Canadians? 

  • Healthy nutrition
  • Physical activity
  • Responsible use of tobacco or alcohol
  • Positive habit formation as it relates to lifestyle-based chronic disease prevention (ie. diabetes, heart disease, some cancers, etc)

Venture Stage

  • Demonstrated traction (eg. $50k-$200k in revenue or known demand)
  • Focused on scaling over the next year
  • Driven to become growth and investment ready
  • Or existing ventures with an expansion to test (new product/service offering, geography, user, etc.)

Up to three core team can participate. RADIUS is committed to social inclusion and seeks participants from diverse backgrounds and ventures that benefit diverse populations or take a health equity perspective.

NOTE: We have 8 spaces for companies, and may have space for exceptional nonprofit organizations.  Please reach out if you have questions about fit.

Program Overview

PROGRAM BENEFITS

Entrepreneurs receive an immersive entrepreneurial education in a cohort-environment with benefits including:

  • $40,000 investment (cash and in-kind – see details)
  • 1-1 support from experienced Entrepreneur-in-Residence
  • Pro-bono legal services from Miller Titerle + Co
  • Pro-bono accounting services from Manning Elliott
  • Pro-bono marketing and strategy services from Junxion
  • Dedicated ‘advisory board’ and extensive mentor network
  • Access to work space at the RADIUS Hub in Gastown
  • Promotional opportunities on RADIUS and SFU channels
  • Access to intern support for digital strategy or other activities, as appropriate
  • Other program perks such as free access to Clausehound, Square products and services, Amazon Web Services, Simply Accounting, and more!)

Schedule: Early January – late June 2019

Delivery: By Cohort Lead, Entrepreneurs-In-Residence, guest speakers, and subject experts (e.g. legal, accounting)

Mentors: Several, matched as suited to the needs of entrepreneurs

Location: RADIUS SFU (Vancouver)

Cohort: < 10 ventures

Cost: There is no upfront fee for Slingshot. RADIUS invests over $40,000 in cash and in-kind support in each venture. In exchange for a small equity holding (2%) and patient royalty stream – details here.

Program Structure and Content

Cohort sessions bi-weekly: 1 full-day in person plus ~2 hours of mentor/expert meetings 

Weekly homework: 5-10 hours per week focused on building your company and answering critical questions about your path to success. 

The program proceeds through the following key stages:

 

STAGE ONE: BOOTCAMP

Two-month diagnostic bootcamp to help the RADIUS team understand and meet your unique needs, while cementing your technical foundation (ie. accounting, legal, marketing, communications).  

STAGE TWO: ENTREPRENEURIAL LEADERSHIP

Two months of hands on learning with your cohort, building leadership and management capacity and acumen around key themes in venture startup and growth. Sessions apply directly to your venture and support acceleration.

STAGE THREE: BUSINESS GROWTH

Two months of ongoing coaching and support as you work with a RADIUS Entrepreneur-in-Residence, service providers, and mentors in customized programming to support your growth strategy.

How to Apply

Applications are currently closed. Please check back for the next Slingshot recruitment period. 

Contact

If you have questions about the Slingshot Program, email Kelsey Klaver, Program Manager at kklaver@radiussfu.com.

SPONSORS & PARTNERS

Supporting the Health Promotion Slingshot Program

This Slingshot Program is supported the Business Development Bank of Canada and Genome BC, and delivered with support from Miller Titerle + CoManning Elliott, and Junxion Strategy.  RADIUS is proud to be partnering with Cities Changing Diabetes, and to be an official “Social Change Partner” of Vancity Credit Union