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.
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 in all ancillary products and services sectors, including, but not limited to the following:
Ground breaking technology that changes the current process
Safety is paramount to the industry and will shape its future immensely
Applications and software programs applicable to the cannabis industry
Consumer and B2B big data will drive future decision-making
Solutions for getting information about, and to, consumers
Services and products to support the growth of the industry
This is an industry that is just generally speaking, weird. There are a lot of standard industry practices and regulations that not only don't make any sense but that you couldn't see coming from a mile away even if you were looking very closely. Working with Canopy to get a good understanding of the industry from both the regulatory and standard practices procedure sides of things has been really beneficial.
STEVE MARTIN | CEO Redfield Proctor
Being out in VA, not having those connections, I can immediately see the benefit of joining an accelerator to kind of push the business way far ahead of what I could ever have been in Virginia and not being in Colorado. I knew if I was serious about being in the space, I needed to find a network to make it easier for me and Canopy has definitely made it easier for me
EBONY COSTAIN | CEO, BDTNDR
Interested in joining the accelerator?
Gain the business skills, the cannabis industry knowledge and the networks you need to grow your business and get investment.
Applications are open
Program begins May 6
Get your burning questions answered!
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.
We provide $30,000 in initial seed investment and a competitive $50,000 follow-on investment to the top three companies midway through the program. 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.
In return for seed investment, services, and other perks, we take between 6-9.5% ownership in each company.
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, but we are willing to look at each company case by case. 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.
We've invested in over 80 companies since 2015. Get a complete and searchable list of our portfolio companies.
We partner with the Arcview Group, which gives our teams access to over 650 angel investors who are proactively looking to invest in cannabis companies.
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.
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.
No. Part of the reason we offer the $30,000 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.
To get a complete list of our mentors, click here
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.
Definitely. Assuming you are pre-series A, we can probably help you.
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.
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.
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.
No. We require teams to relocate for the duration of the program to Boulder.
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.
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.
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.
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.