Four-week virtual sales, marketing and growth program for rapidly scaling ancillary cannabis businesses
Accepting applications through June 22
Program starts August 3
BENEFITS OF CANOPY BOULDER
CanopyBoulder is the only business accelerator and investment fund for ancillary cannabis & hemp/CBD companies. Since 2014, we’ve watched our more than 106 alumni companies raise close to $100 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 from all ancillary cannabis and hemp/CBD businesses, including, but not limited to the following:
Ground breaking technology that changes the current process
Strong brands that can quickly capture market share
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
Get your burning questions answered!
We offer 2 main programs: a Growth Incubator for growth-stage ancillary cannabis companies generating revenue and actively growing, and an Accelerator Program designed for early-stage Hemp/CBD & Ancillary cannabis companies. At this time we are only accepting applications for our Growth Incubator.
I only see information on the Growth Incubator. Can I apply for the early-stage Accelerator program?
No. At this time, we're only accepting applications from growth-stage companies for our Growth Incubator program.
For the Growth Incubator, we provide a net $75,000 equity investment - $100,000 investment minus a $25,000 program fee. An additional $50,000 is available for top performing companies.
For the Growth Incubator - in return for capital , services, and other perks, we take a small ownership stake in each company. Fair investment terms will be negotiated between CanopyBoulder and participating companies..
Our Growth incubator is focused on ancillary cannabis product and service companies with strong teams, innovative solutions and sales. The ideal companies for the Growth Incubator are those with growing sales who would like to scale more rapidly and double revenues.
Our Accelerator program is focused on ancillary cannabis product and service companies & hemp/CBD businesses with strong teams, innovative solutions and some initial product-market fit or traction.
We've invested in over 115 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 750 angel investors who are proactively looking to invest in cannabis companies.
The Growth Incubator is a 4-week, all virtual program. It typically requires 7-10 hours of work a week per company.
We are looking for entrepreneurs who are fully dedicated to their business. Which means we expect founders to be working on their business while in the program. However, this also means we don't accept companies where founders are splitting their time between multiple jobs.
To get a complete list of our mentors, click here
We've already been working on our company for a while, is the CanopyBoulder Growth Incubator for us?
Our goal is to help take you to the next level in your business. This program is ideal for businesses with traction that would like to rapidly scale growth and sales.
Definitely. Assuming you are pre-series A, we can probably help you.
The money is only a small part of what the CanopyBoulder Growth Incubator does. The program also offers support, mentorship and access to a large network of industry leaders.
We accept 4 companies for the Growth Incubator. For our Accelerator Program, we accept up to 10 companies.
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 – Traction -- Vision – Product/Service.
Yes! In light of the recent COVID-19 pandemic, we've moved all programs to 100% virtual, meaning you can participate from anywhere!
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 program finishes.