L-SPARK

L-SPARK Corporation is an accelerator and incubator based in Ontario, Canada, focused on investing in B2B startups, particularly in the cloud computing software and SaaS sectors. Established in 2014, L-SPARK selects up to eight startups every six months for its incubator program, providing funding, mentoring, and various support services valued at approximately $40,000 at no cost. Startups can receive initial investments and additional funding upon graduation, with a focus on helping them secure further investments. The firm also operates an accelerator program for post-incubator companies, where selected startups receive equity funding and further financial support based on performance. L-SPARK aims to foster significant revenue growth and facilitate access to venture capital and investment opportunities. Additionally, it collaborates with corporate partners to drive innovation in areas such as autonomous vehicles and secure IoT solutions. With a successful track record, over 50% of the companies accelerated by L-SPARK have raised follow-on funding, totaling more than $45 million.