Propel Grads Up For Venture NL Funds
Newfoundland and Labrador Startups in the PropelICT Build Program are now eligible for $250,000 in investment funding from the Venture Newfoundland and Labrador fund, the parties announced today.
Propel, the Atlantic Canadian accelerator, issued a statement saying Pelorus Venture Capital, the private-sector manager overseeing the Newfoundland fund, has approved the new funding initiative. The news means that startups from three of the four Atlantic provinces can qualify for two tranches of funding if they complete the Build Program.
“Propel ICT is an important part of the startup