May 14, 2015
Salesforce today announced a new partnership with Communitech, a Waterloo, Ont.-based innovation centre that provides mentorship, training and resources to help high potential startups scale into profitable technology companies.
Salesforce is partnering with Communitech to support its Rev program, which is a first of its kind sales accelerator that enables high-potential startups to scale revenue growth quickly. Salesforce will provide training, mentorship and resources to Rev companies, and will also work closely with Communitech to support the growth of the broader local startup ecosystem.
The first 10 companies to participate joined the program in mid-March and represented a meager 2% of startup applicants.
“It’s true we’re choosy,” Communitech states on its Web site. “And it’s not going to get any easier from here. Who will advance? Startups that build authentic tech and already have revenue. Diverse teams who are ready to compete, who have skin in the game, who are driven to be the best and are prepared to work hard to achieve it.”
Additionally, Salesforce announced the launch of the Salesforce for Startups program in Canada, which it says give technology entrepreneurs the resources needed to successfully build and grow their businesses.
Salesforce for Startups is working with Pledge 1%, a movement that encourages Canadian startups to pledge one per cent of equity, product and employee time to their communities—a goal that Salesforce said it committed to when it was founded.
All announcements were made today as part of the Salesforce World Tour Toronto event, the company’s largest annual event in Canada.