L-SPARK, a Canadian accelerator that focuses on enterprise SaaS and cloud startups, announced today the opening of applications for the Fall 2015 Cohort.
The L-SPARK Ignite Program is a set of methodologies developed “for the unique challenges of accelerating enterprise SaaS company revenue and investment.”
“Unlike other accelerators, our program is unique because we focus solely on SaaS entrepreneurs and impose no pre-set valuation on the startup,” said Leo Lax, Managing Director of L- SPARK.
L-SPARK selects SaaS startups using a selection criteria and committee comprised of representatives from organizations such as Google, Microsoft BizSpark, and Amazon.
The organization says it is looking for SaaS companies with a commercial product, at least $10-30K MRR (Monthly Recurring Revenue) and disruptive technology in a rapidly growing market.