ACCELERATOR PROGRAM

Accelerate your business with capital, business skills, cannabis industry knowledge and the networks to grow your business and get investment.


Applications are closed currently.

LEARN MORE ABOUT THE ACCELERATOR

BENEFITS OF CANOPY BOULDER

CanopyBoulder is the only business accelerator and investment fund for seed-stage ancillary cannabis companies. Since 2014, we’ve watched our more than 80 alumni companies raise close to $40 million in funding from a wide variety of sources including angel investors, family offices, private equity funds, and hedge funds.

MENTORSHIP

SEED
FUNDING

COMMUNITY

BRAND RECOGNITION

RAPID GROWTH

WHO SHOULD APPLY?

We focus on ancillary products and services start-ups with an eye on big ideas with big ramifications for the industry. CanopyBoulder accepts applications from all ancillary cannabis and hemp/CBD businesses, including, but not limited to the following:

TECH

Ground breaking technology that changes the current process

HEMP/CBD

Strong brands that can quickly capture market share

SOFTWARE

Applications and software programs applicable to the cannabis industry

DATA

Consumer and B2B big data will drive future decision-making

MARKETING

Solutions for getting information about, and to, consumers

BUSINESS SERVICES

Services and products to support the growth of the industry

TESTIMONIALS

CANNAPRENEURS

Get a complete look into past CanopyBoulder teams

FAQs

Get your burning questions answered!
  • What is an accelerator?

    An accelerator is an intensive program designed to help companies achieve rapid growth. They usually all offer investment in exchange for some percentage in the company. Accelerators are also structureed around mentorship and education.

  • How much do you invest?

    We provide up to $120,000 in initial seed investment - $20,000 in equity and an additional $100,000 convertible note for qualifying companies with a valuation cap of $2.5M. Our goal is to give you the opportunity to work on your startup without distractions, such as paying for rent and food, and get you to the point where you are ready to get further funding.

  • What equity do you take for your investment?

    In return for seed investment of $30,000, services, and other perks, we take between 6-9.5% ownership in each company. There is an additional $100,000 available in convertible note, with valuation cap of $2.5M

  • What types of companies do you fund?

    We fund companies with amazing teams, first and foremost, with high potential for growth. This usually means they are ancillary products and services companies somehow involved with cannabis and hemp/CBD products. We make sure that we are able to help the company reach the next level, and that is the main thing that would stop us from investing in certain ideas.

  • What companies specifically has CanopyBoulder invested in?

    We've invested in over 90 companies since 2015. Get a complete and searchable list of our portfolio companies.

  • Who are your partners and why should I care?

    We partner with the Arcview Group, which gives our teams access to over 750 angel investors who are proactively looking to invest in cannabis companies.

  • Is my business right for the cannabis industry?

    We've seen a lot of examples of companies that get started in the cannabis industry before launching into other industries. Check out this article on why thats the case.

  • How long is the CanopyBoulder accelerator program?

    The program runs for 16 weeks. The first 12 weeks are highly structured while the last four weeks are lightly structured and focused on fundraising.

  • Can I work while in the program?

    No. Part of the reason we offer the $130,000 seed investment is so you and your team can be completely focused on building your company without worrying for paying for food, housing etc. Our main goal is for our companies to succeed, and we believe that the resources, community and mentors are a big driver to helping them do so. Therefore, we do not accept teams that are unable to focus on their startup full time.

  • Who are your mentors?

    To get a complete list of our mentors, click here

  • We've already been working on our startup for a while, is the CanopyBoulder accelerator for us?

    Our goal is to help take you to the next level in your startup. If you are further along we can definitely help boost you even further. We accept startups at all stages (pre-venture funding) and welcome the diversity.

  • We've already taken some funding, can we still apply?

    Definitely. Assuming you are pre-series A, we can probably help you.

  • We don't need the money, does it make sense for us to apply?

    The money is only a small part of what the CanopyBoulder Accelerator does. We offer the money so those who do need it can cover their living expenses while the CanopyBoulder Accelerator is happening.

  • How many companies do you accept each session?

    It completely depends. We may take anywhere from 8 to 10 team depending on the strength of the applicants and if we feel we can help them.

  • Do we need to write a business plan?

    No. We want to see a short pitch deck/plan that shows the basics of your idea, your founding team, and the vision for the next few years. Show us why and how you can grow this idea into a multi-million dollar business. Team – Vision – Product/Service.

  • Can we be part of the program without moving to the Boulder area?

    No. We require teams to relocate for the duration of the program to Boulder.

  • Will you sign an NDA? How can I know you won't steal my idea?

    No, we do not sign NDAs. No venture firm would at this stage. We hear so many ideas on a daily basis that it would be impossible to keep who said what in order. We are in the business of helping entrepreneurs, so our reputation is the incentive we have to try our best to protect the ideas you share with us.

  • Why does CanopyBoulder want stock in each company?

    As an entrepreneur your goal is to see your company succeed, and by having ownership in your company, we make sure that our goals are aligned. This also ensures that our relationship does not end when the accelerator program finishes.

  • Can you get us a visa?

    No. We can connect you to our mentor network who would be happy to give you advice and connect you to one of the immigration lawyers in the network.

  • Do you provide housing?

    No. Part of the seed funding is to help you fund your housing during the program. We are always happy to help you figure out where you should live, if accepted.