We're excited to announce the launch of our sixth (6!) cohort of cannabis tech companies on February 22nd! Please join us for our Launch Party & Marijuana Policy Project Fundraiser on February 22nd as we bring the Front Range cannabis community together to celebrate the founders involved in growing this dynamic industry, and the entrepreneurial spirit of our home town here in Boulder.
The marijuana business accelerator and venture fund launches sixth cohort of cannabis tech companies in its Boulder, Colorado home town.
BOULDER, CO, Feb 16, 2017 – Canopy, a venture fund and business accelerator for companies developing ancillary products and services for the legal cannabis industry, is pleased to announce the launch of the Spring 2017 class. Ten startups are taking part in the 16-week accelerator program with businesses ranging from geo-mapping technology to help consumers find the best value on cannabis products, to vending machines that use facial recognition technology to securely identify consumers.
Each startup accepted to Canopy’s program receives $30,000 in seed funding, with a chance to earn an additional $50,000 in funding later in the program. The Canopy model prioritizes connecting companies with experienced mentors and introducing founders to a wide cannabis investor network through its partner, The Arcview Group.
The program is designed to spur business development and prepare the companies to raise outside capital while providing access to local venture firms, key figures within the local entrepreneurial community, and exposure to early adopters and potential customers. After weeks of intensive pitch practice, refinement of business models, and miles logged meeting cannabis businesses around the country, the cohort “graduates” on Demo Day, where each company presents their business to an audience of potential investors, cannabis business professionals and the local community.
The ten companies included in the spring cohort include:
“We are very excited to welcome our newest cohort into the Canopy family of over 45 startups and 100+ founders,” said Micah Tapman, Managing Director of Canopy. “We have an incredibly supportive ecosystem of startups, investors and mentors, all of which will prove to be valuable resources and partners for our startups as they tackle this booming industry.”
On February 22nd starting at 6pm, Canopy will host a launch party for the kick-off of its Spring 2017 class. The night will include a special address from Mason Tvert of the Marijuana Policy Project, and networking with investors, mentors, and entrepreneurs from the Canopy ecosystem and other Denver/Boulder cannabis industry professionals. Beer, wine and light apps will be provided, with all ticket proceeds going to Marijuana Policy Project. Full details and tickets can be found here.
About Canopy
Canopy is a venture fund and business accelerator created in partnership with The ArcView Group for companies developing ancillary products and services for the legal cannabis industry. Companies are handpicked by the selection committee to receive up to $80,000 in capital and participate in an intensive 16-week accelerator program. Canopy advisors and mentors work closely with each company, helping define business models, refine unique selling propositions, and focus marketing and fundraising activities. For more information, please visit www.canopyboulder.com.
About The Arcview Group
Founded in 2010, The Arcview Group is responsible for a number of groundbreaking ventures in the cannabis industry. The Arcview Investor Network includes more than 625 accredited investors who have invested more than $91 million behind 135 companies. Arcview Market Research produces the State of Legal Marijuana Markets report, which is the most oft-cited market data report. Arcview is also co-founder of Cannasure Insurance Services, the leading provider of business insurance to the cannabis industry. For more information, please visit www.arcviewgroup.com.
Media Contact:
North 6th Agency
Robert Vanisko
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