More than 40 founder council members from across Canada signed up to join the program.
The program allows established entrepreneurs to guide and educate budding entrepreneurs in post-secondary school. According to Lab2Market, these mentors are specifically curated to offer knowledge best suited to each venture idea.
This year's program starts June 1 with two cohorts - one for post-secondary students in Atlantic Canada, and one for post-secondary students across Canada with a health-based venture.
Toronto Metropolitan University will also oversee a summer L2M Launch program with a cohort-based in Ontario.
Sydney Rankin, a fintech Business Lead based out of Fredericton, applied for a founder council position for this year's cohort. She said she believes it's essential for her to contribute her skills and knowledge to help younger entrepreneurs succeed.
"I believe that mentorship is a two-way street," she said. "It's not just about the mentor imparting knowledge and wisdom, it's about creating a supportive environment where both the mentor and the mentee can learn and grow together."