Entrepreneurs / Small Business  March 26, 2015

CanopyBoulder launching marijuana startup accelerator March 30

BOULDER — CanopyBoulder will launch the first of two business-accelerator boot camps in Boulder for 10 marijuana startup companies on Monday, March 30.

CanopyBoulder’s co-founder and managing director, Patrick Rea, said more than 155 teams applied to be part of the first 12-week boot camp. The second boot camp with 10 other companies will take place in September.

CanopyBoulder is partnering with California-based The ArcView Group to provide $20,000 in seed funding and mentoring in return for a 9.5 percent equity stake in each company.

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ArcView has a network of investors, industry leaders, entrepreneurs and marketing resources. The ArcView Investor Network includes more than 400 accredited investors who have put more than $17 million behind 34 companies in the last two years.

“Since we partnered with The ArcView Group we have been inundated with both accredited investors and quality companies asking to get involved,” Rea said. “We had to turn quality investors and companies away.”

Since ArcView and Canopy teamed up in December, they have raised $1.2 million for the project.

The groups will provide startups with cannabis-industry advisers who will help companies define business models, refine selling propositions, and focus on marketing and fundraising activities.

The startups will close out the boot camp by going on an investor roadshow together in June. They will present to the ArcView Investor Network, Rockies Venture Club and then participate in a Demo Day June 29 at the National Cannabis Industry Association’s Cannabis Business Summit in Denver.

Information about the companies participating in the first boot camp has not been released.

BOULDER — CanopyBoulder will launch the first of two business-accelerator boot camps in Boulder for 10 marijuana startup companies on Monday, March 30.

CanopyBoulder’s co-founder and managing director, Patrick Rea, said more than 155 teams applied to be part of the first 12-week boot camp. The second boot camp with 10 other companies will take place in September.

CanopyBoulder is partnering with California-based The ArcView Group to provide $20,000 in seed funding and mentoring in return for a 9.5 percent equity stake in each company.

ArcView has a network of investors, industry leaders, entrepreneurs and marketing resources. The ArcView Investor Network includes more…

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