Moncton, NB, October 12th, 2011 – Today at their annual general meeting, propel ICT, a nonprofit organization focused on mentoring early stage technology start-up founders, announced Launch36 an ambitious campaign to launch 36 new technology companies in New Brunswick over the next 36 months.
 
Propel ICT, originally known as propelsj, had launched a similar campaign which resulted in 20 new companies including Radian6, Mariner Partners, Brovada and Ambir, where over 210 new full time jobs were created in the Saint John region from 2006-2008   
 
Launch36 is a statement of the potential of ICT entrepreneurship on New Brunswick’s economic development.” said Executive Director Trevor MacAusland.  “With our revamped Propel Accelerator program designed to jumpstart technology ventures, and our focus on building the entrepreneurship community we are well positioned to hit our Launch36 target of 36 startup companies launched in 36 months and produce a significant entrepreneurial impact on the province of New Brunswick ”.
 
The Propel ICT Accelerator program will build on the success of a mentorship and coaching approach for early stage entrepreneurs to shape, launch and build their business concepts. Twice a year, successful applicants will follow a rigorous 5-month program where entrepreneurs will benefit from a peer and mentor based agenda designed to take their idea from opportunity to market launch.
 
Anyone with a technology idea or business concept with a passion to start their own high growth venture is encouraged to apply for the Propel Accelerator Program.
 
"The Propel Accelerator is about ideas, people and capital coming together in a way that supports early stage entrepreneurial success", said David Baxter, propel ICT’s President. "There is a strong desire from successful entrepreneurs and business leaders within New Brunswick to support the growth of a vibrant information and technology sector and we will continue to build our community and mentor relationships to ensure we provide new entrepreneurs with the best possible chance to succeed” added Mr. Baxter.
 
Propel ICT will kick-off the revamped accelerator program in early 2012 and will begin taking applications in late fall of 2011.  Program costs, mentors and partners will be made public at that time.
 
About propel ICT
propel ICT is a private, non-profit service provider with a goal to help accelerate the growth trajectory of technology firms in the province.  Their Accelerator program is a network for those who wish to invest their time, advice, and experience in supporting early-stage businesses in the innovation sector. 

For more information, please contact:
 
Trevor MacAusland
Executive Director, propel ICT
506-863-5905

or visit our website at www.propelICT.com