Apply for the RBC Reach Accelerator Program by Aug 31

RBC Reach is a milestone-driven corporate accelerator program for early-stage (post-seed to pre-Series A) companies that speeds the path to an investment and commercial collaboration with Royal Bank of Canada (RBC).

Delivered in partnership with Highline BETA, the RBC Reach program targets high-impact startups from Canada as well as around the globe that have an interest in growth through a collaboration with RBC, one of Canada’s largest banks and one of the largest in the world based on market capitalization.

Today, RBC is reimagining the bank of the future through three facets: building a digitally-enabled relationship bank, becoming a leading partner in the global innovation ecosystem and rethinking how we design and deliver services, products and advice to our clients in the digital age.

RBC Reach will run several cohorts per year, and each will focus on a strategic theme. The program consists of three components:

1. Growth programming

Over the course of three months, companies will participate in acceleration programming developed by Highline BETA to help grow their business while also working closely with RBC to identify opportunities for a commercial agreement.

Program participants will have access to dedicated workspace in Toronto’s financial district. While the startups are not mandated to work in the space on a full-time basis, they will be required to participate in key events and programming.

2. Initial investment

Companies accepted into the program will receive an initial investment of $100,000 CAD funded jointly by RBC and Highline BETA.

3. Commercial pilot and further investment

Upon completion of the three-month program, companies that sign a commercial agreement with RBC will participate in additional part-time programming (delivered in-person and remotely) to drive the implementation and launch of a successful commercial pilot. These companies will be eligible to receive additional investment from RBC and Highline BETA, as well as receive support from Highline BETA on raising future rounds of funding.

Deadline to apply is August 31.

Published August 1, 2018