The Axis Accelerator at the University of New Brunswick in Saint John is receiving a second round of funding through the Atlantic Canada Opportunities Agency (ACOA).

With ACOA’s new funding of $248,211, the accelerator plans to boost its sales and other programs, as well as expand collaboration with regional ecosystem partners.

Launched as a pilot through the Faculty of Business in Saint John in early 2023, the accelerator currently has a portfolio of 13 companies and will welcome its third batch in September.

"It's exciting to work with growth and export-oriented founders, not only developing the culture of entrepreneurship at UNB and in the province, but across the region,” Matt George, Director of the Axis Accelerator, said in a statement.

The accelerator’s 12-month sales accelerator program offers entrepreneurs a comprehensive accelerator experience through two key activities: supporting founders in the design of a custom lead growth acquisition strategy; and supporting founders in the execution of that strategy in the field.

Following this, a select number of teams are invited into full-time residency in the Axis Accelerator space where they receive custom coaching and mentorship for an additional one to three years.