Propel ICT is looking for a few good startups – with the potential of becoming a few great companies.

The regional Atlantic Canadian accelerator is hoping to identify successful startups that would be candidates for the Propel Growth program. This new initiative is designed to help scaling tech companies grow into global corporations.

Propel would like high-growth Atlantic Canadian tech companies with more than $1 million in annual revenue to contact the organization sometime this month. It will then invite the qualifying companies to an information session in early November to outline the new program.

Led by the former Remsoft co-CEO Steve Palmer, Growth’s mission is to help companies increase customer acquisition and revenue while helping companies scale organically. 

“The program will emphasize the development of good business fundamentals through measurable and sustainable growth metrics, real customers, revenue and cash,” said Propel in a statement released today.

As well as having more than $1 million in annual revenue, the qualifying companies must meet the following criteria:

- They must be an Atlantic Canada based ICT company, either in the product or service category;

- They must have average annual revenue growth of 15 percent;

- They must have an existing business plan and demonstrated ability to execute on the plan;

- They must have an addressable market of at least $250 million;

- And they must be export-focused with more than 50 percent revenue from outside Canada;

Anyone interested in the program can contact Propel ICT at info@propelict.com.