Annual  General  Mee+ng  August  24,  2014  

Agenda  1.  Call  to  Order  2.  A  Year  in  Review  3.  2014  Onward  4.  Fall  2014  Plans  5.  Adjourn  

Year  in  Review  2013-­‐2014      

Thanks  to  our  Sponsors  

Propel’s  Vision  We  will  become  the  global  leader  in  decentralized  new  venture  accelera+on,  taking  entrepreneurs  throughout  Atlan+c  Canada  from  concept  phase  to  successful  opera+ng  companies.  

We  will  be  the  primary  catalyst  for  the  crea+on  of  a  vibrant  entrepreneurial  community  in  Atlan+c  Canada,  helping  guide  and  grow  new  companies  and  new  ideas.  

Our  efforts  will  create  successful  companies,  new  jobs  and  new  wealth  in  Atlan+c  Canada.    

 

Success  Stories  A  year  of  progress  trending  upward  

Four  Companies  in  Cohort  4  Received  Funding  from  BDC  

31  companies  launched  to  date  through  Launch  36.  We  are  on  track  to  hit  our  target  of  36  companies  in  3  years.  

Two  companies  in  Cohort  2  Received  Funding  from  BDC    

Three  Companies  in  Cohort  3  Received  Funding  from  BDC  

2013  Challenges  

1.  Growing  volunteer  fa+gue  2.  Understaffed  for  ambi+ons  3.  Underfunded  for  ambi+ons    

2014  –  Scaling  Up  Board  of  Directors  developed  a  plan  to  scale  up  the  organiza+on.  Plan  addressed  three  key  issues:  

1.  Funding  2.  Staffing  3.  Op+miza+on  of  volunteer  cycles  

Bylaws  rewriXen  to  reflect  organiza+onal  focus.  Jeff  Thompson  engaged  to  lead  the  development  of  Propel  2.0  plan.    

Bylaw  EvoluEon  The  bylaws  of  the  board  reflected  the  original  structure  of  Propel  from  2004.  In  partnership  with  William  Kean  of  Brenton  Kean,  the  bylaws  were  updated  and  accepted  by  the  board  on  January  24th,  2014.  

 Key  changes  include.  

Ø   Defining  membership  as  the  private  sector  sponsors.  Ø   Allowing  board  size  to  range  from  3  to  14  as  needed.  Ø Recons+tu+ng  the  Execu+ve  CommiXee  as  President,  Past-­‐    President,  

Vice-­‐President,  Secretary  Treasurer,  and  Execu+ve  at  Large.  Ø   Seang  up  built-­‐in  succession  process  (VP  à  President    à  Past  President).  

 

Bylaw  Mo+ons  

MoEon  One  The  general  by-­‐law  of  the  Company  dated  April  19,  2002  be  repealed  and  the  form  of  general  by-­‐law  submiXed  to  the  directors  of  the  Company  which  is  marked  as  By-­‐law  No.  2014-­‐1  and  relates  generally  to  the  conduct  of  the  affairs  of  the  Company  is  hereby  enacted  and  made  By-­‐law  No.  2014-­‐1  of  the  Company.    

MoEon  Two  The  draf  financials  of  the  Company  as  of  March  31st,  2014  are  hereby  approved.    

MoEon  Three  To  appoint  the  firm  of  Curry  &  BeXs,  Chartered  Accountants  to  serve  as  auditors  for  the  2014-­‐2015  fiscal  year    

Moving  Forward  

Returning  Directors  Tim  Burke  

Dave  Grebe

nc  

Susan  Ho

lt  

ScoX

 MacIntosh  

Jeff  Thom

pson

 

Gerry  Po

nd  

New  Directors  Rob  Cowan     Steven  Burns   Jeff  Grammer  

Gerry  Lawless   Jo  Mark  Zurel  

ExecuEve  CommiSee  Jeff  Thompson  –    

President  Dave  Grebenc  –    Vice  President  

ScoS  MacIntosh  –    Past  President  

Gerry  Pond  –    ExecuEve  CommiSee  Member  at  Large  

TBD  –  Secretary  /  Treasurer  

DeparEng  Directors  David  Baxter   Shawn  Carver  

Denis  Desrosier   Dan  Doiron  

Ian  Moores   Anita  Punimaya  

Larry  Sampson  

MoEon  Four  To  approve  the  recommended  slate  of  directors  and  execu+ve.  

Propel  2.0    Five  Year  Plan  

Key  PrioriEes  1.  Programming  for  early  vs.  later  stage  startups.  2.  Regional  expansion  with  community  partners.  3.  Propel  Alumni  program.    4.  Strengthen  mentor  network.  5.  Resource  for  growth.  

Programming  Build  

Customer  Acquisi+on      

Start  Validated  Learning  

   Chasm  Early  Majority  

   Scale  Shifing  Gears  

     

Validate  the  idea  with  Lean  Startup.  

   MVP  planning  and  development.  

   Founding  team.    

   Secure  early  adopters.  

   

 Honing  sales  

model.    Deeper  bench  strength.  

   Framework  to  scale  

across  people,  process,  and  systems.  

 A  repeatable  sales  

model.    

Clear  customer  value  proposi+on.  

   Metrics  to  drive  and  grow  the  business.  

 Metrics  to  support  shifing  gears.  

 Scale  up  sales,  marke+ng  and  development.  

   Series  “A”  ready.  

Programming  Early  Stage:  ü  Validated  learning  ü  Lean  Startup  ü  Develop  first  release  ü  Founding  team  ü  Early  adopters  

Late  Stage:  ü  Customer  acquisi+on  ü  Honing  sales  model  ü  Deeper  bench  ü  Framework  to  scale  ü  Clearer  path  ahead  

START  PHASE  PROGRAM  

BUILD  PHASE  PROGRAM  

Regional  Expansion  

Fall  2014:  ü  Planet  Hatch  (NB)  ü  Volta  (NS)      Winter  2015:  TBD  (NL)    Fall  2015:  TBD  (PE)  

START  PHASE  PROGRAM  

BUILD  PHASE  PROGRAM  

Fall  2014/Ongoing:  ü  Virtual  Cohort    Expand  to  community  partners  when  demand  warrants.    

Alumni  Program  Growing  network  of  Propel  Alumni  Develop  skills  for  scaling  and  growing  A  step  closer  to  the  ‘$1-­‐billion  company’  

SCALE  PHASE  PROGRAM  

CHASM  PHASE  PROGRAM  

Strengthen  Mentor  Network  Core  to  the  success  of  cohort  and  program:  

Ø   Develop  guidebook  for  new  mentors  Ø   Inventory  skills  &  experience  in  the  network    Ø   Grow  advisor,  expert  and  investor  mentors    Ø   Interna+onal  reach  with  Clarity.fm  

Strengthen  Mentor  Network  Entrepreneurs  In  Residence:  

Ø   Coach  and  advisor  to  cohort  companies  &  alumni  Ø   Shif  from  volunteer  coaches  (growth  inhibitor)  

Resources  for  Growth  5-­‐Year  Financial  Forecast:  

Ø   Build  on  strong  private  sector  support  Ø   Amplify  with  support  from  public  sector  Ø   Year  5  must  have  a  clear  path  to  sustainability  

Resources  for  Growth  Staffing  Plan:  

1.  CEO  (Fall  2014)  2.  VP  Business  Development  (Fall  2014)  3.  Office  Manager  (Fall  2014)  4.  Entrepreneur  In  Residence  #1  (Late  2014)  5.  VP  Programming  (Late  2014)  6.  Entrepreneur  In  Residence  #2  (Mid  2015)  

Cohort  5    

Timeline  

Sept  8th  

Applica+on  Deadline  

Sept  12th  

Selec+on  Camp  

Sept  22  

•  Start  (x  2)  •  Build  

Nov  18th  

•  Demo  Day  •  Loca+on:    TBD  

SelecEon  Process  

•  Selected  based  on  company’s  maturity  level  and  considered  for  the  appropriate  program.  

•  Reps  from  Planet  Hatch,  Volta  and  Propel  will  take  part  in  F6S.com  evalua+on  

Date:  Sept  12th  

City:  Moncton,  NB  Format:  6  min  pitch  to  judges  

SelecEon  Camp  

Track   Candidates  (Max  #)  

Max  #  of  Cohort  Companies  

18   9  

18   9  

12   6  

Total   48   24  

32   24   56  

Alumni  

New  Startups  

In    <  36  Months  

Alumni   Next  Cohort   Startups  in    <  36  Months  

Start  program  

ü Pick  the  right  co-­‐founder  and  team.  ü Use  lean  methodologies  for  customer  valida+on.  

ü Secure  early  adopters  or  first  customers.  ü Is  there  a  repeatable  sales  model?  

Time   SESSION  TITLE  

Sept  22   5-­‐8pm   ORIENTATION  

Sept  24   5-­‐9pm   FOUNDER  TEAMS  &  VISION  AND  IDEA  

Sept  29   5-­‐9pm   RESEARCH  AND  CUSTOMER  DEVELOPMENT  

Oct  1   5-­‐9pm   REVENUE  MODELS  

Oct  6   5-­‐9pm   MENTOR360  REVIEW  

Oct  8   5-­‐9pm   LEGAL  

Oct  20   5-­‐9pm   DEPLOY  OR  DIE  

Oct  22   5-­‐9pm   THE  ART  OF  STORYTELLING  

Oct  27   5-­‐9pm   MENTOR360  REVIEW  

Oct  29   5-­‐9pm   SALES  (Early  adopter  focus)  

Nov  5th   5-­‐9pm   RASING  CAPITAL/FUNDRAISING  

Nov  18   TBD   GRADUATION/Demo  Day  

Build  Program  

ü Refine  a  repeatable  model  for  customer  acquisi+ons  

ü Strengthen  the  startup  team  ü Create  a  framework  to  scale  people,  process  and  systems.  

ü Find  Product/Market  fit  ü Learn  to  be  data  informed,  not  data  driven  

SESSION  TITLE  Sept  25/26   Orienta+on  &  Founder  Team  Dynamics  Oct  2/3   Startup  Metrics  Oct  9/10   Go  To  Market  &  Tac+cs  Oct  23/24   Pitch  Coaching  Oct  29/30   Scaling  your  team,  processes  and  systems  

Nov  6/7   Financial  management,  Board  management  and  “Series  A”  readiness  

Nov  13   Demo  Day  Dry  run  Nov  18   Demo  Day  

$150k  BDC  note  

Demo  Day  

•  Up  to  6-­‐8  presenta+on  slots  (main  stage)  •  Companies  will  have  to  earn  the  right  to  pitch  •  Start  and  Build  teams  will  have  “tradeshow”  tabletops  to  demo  and  pitch  aXendees  

3  Things    

Applica+on  Deadline  is  Sept  8th  

Scalable  &  regional  

We  will  exceed  our  original  goal  by  November  

MoEon  Five  To  adjourn  the  annual  general  mee+ng  of  Propel  ICT.  

Thank  You