Record breaking metrics showcase Cultivator’s impact in the past 4 years

Cultivator powered by Conexus 2022 Collage

For the past four years, we’ve been cultivating the next generation of tech founders. With a strong focus on providing resources, mentorship, and a collaborative environment, we’ve helped 115 startups. From new products to major investments, we’ve been an integral part of the growth of Saskatchewan’s and Canada’s tech industry. In just four years, we’re seeing incredible results:

 

revenue generated

 

private funding raised

 

public funding received

 

new jobs created

 

investor connections facilitated

 

community engagements cultivated

Cultivator powered by Conexus 2022 Collage

“The prairie provinces have long been overlooked as a source of innovation and impact, but Saskatchewan founders and startups are proving that wrong,” said Hannah Castle, Program Manager, Cultivator. “In just four short years, we’ve been able to prove that with the help of resources, programming, and support available from Cultivator, that Saskatchewan startups can experience unprecedented success and growth and are making their mark on the global tech scene.”

Cultivator companies are continually hitting major milestones. A few that happened in 2022 include:

  • GROW company, memoryKPR, is being used in over 100 companies, and was one of ten companies accepted into the Silicon Valley Digital Accelerator.
  • SCALE company, StoreToDoor, closed a $1.25 million seed round.
  • SCALE alumni, myComply, closed a $5.6 million seed round.
    AGTECH ACCELERATOR cohort 1 alumni, IntelliCulture, closed a $1.7 million seed round.
  • SCALE alumni, Precision AI, was awarded the Environmental Sustainability Award at the 2022 Innovation Reception.
  • GROW company, twello, secured a spot in the top five in the Startup TNT Investment Summit.
  • SCALE company, SolusGuard, announced a multi-year, multi-million-dollar deal with Manitoba Hydro.
  • SCALE company, Offstreet, won the Startup TNT Investment Summit.
  • GROW company, BrewNinja, hit 100+ brewery milestone and surpassed $20K MRR.
  • SCALE company, ServiceBox, surpassed $1 million ARR.
  • And many more…

“It’s difficult to quantify the impact Cultivator has had on Offstreet, as it has been an integral part of the company,” said Kyle Smyth, Co-founder of Offstreet. “To oversimplify, the most significant impact would be creating a startup community. A community means we have a talent pool to hire from, mentors to learn from, investors for capital, peers for support, and a place we can call home. Without Cultivator, our company would not likely be based or headquartered in Regina.”

Launched in 2019, Cultivator provides resources, mentorship, programming, and space to local startups through its START, GROW and SCALE programs. In 2021, it launched an AGTECH ACCELERATOR program with Economic Development Regina and Emmertech (an agtech venture capital fund managed by Conexus Venture Capital Inc.) to accelerate the growth of Canada’s top agtech startups. The first cohort, consisting of 16 companies from across Canada and the United Kingdom, took place in 2022 and yielded incredible success. In 2022, the AGTECH ACCELERATOR cohort 1 companies:

 

revenue generated

 

private capital raised

 

public funding raised

 

net new jobs created

Castle attributes this success to the mix of venture capital, accelerator programming, mentorship, and expansive industry connections.  “We’re blown away by the early wins in year one of the AGTECH ACCELERATOR and can confidently say that companies participating in this program raise significant amounts of capital and generate significant revenue. We’re extremely proud of the founder experience we created and most importantly, we’re proud of the founders for the amazing business outcomes they’re achieving.” Cohort 2 of the program begins in March 2023.

In 2023, Saskatchewan startups continue to push forward, hit major milestones and see results/impact through determination and creativity. These startups are essential to the local economy, driving innovation, job creation, and growth. Their tenacious spirit to get things done and build something is inspiring. 

Cheers to four years, and many more to come!

 

 

 

See more impact metrics here Read our success and milestone stories here Meet our startups here

 

 

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