Skip to content

The L-SPARK Accelerator is the destination for enterprise SaaS and cloud startups to connect with Canada’s SaaS experts and propel their revenues to $100k MRR or 10x revenue growth.

L-SPARK gives early stage Canadian SaaS companies numerous shots of adrenaline to boost their efforts to scale into globally competitive firms. L-SPARK is the destination for Canada’s top leaders in SaaS.

We work with B2B SaaS company founders who…

  • Are ready to scale up through an intensive goal oriented program
  • Have a product and want to transition from a services to a SaaS company
  • Have deep domain expertise but need to develop the means to rapidly scale revenue
  • Are passionate about building a software product that will change the way our world operates

“Together with our mentor, we created a custom action plan that fit our company’s strategy to scale revenues and generate month over month growth. By the end of stage one we doubled our revenues and optimized our funnel for repeatable sales growth.”

“In the first stage of the Accelerator program we brought on staff to manage customer success and onboarding and began to track critical metrics such as CAC, LTV and churn. As we leave the second and final stage of the L-SPARK program, having closed $500,000k investment, the future looks bright. We have signed a major channel partner opening the floodgates to over 20,000 health care providers across Canada.”

“With an optimized channel strategy, we grew our revenue from $7k MRR to over $100k MRR over the course of the nine month program. After graduating the program we closed a Series A round.”

What does our program offer your company?

You may have heard that we work intensely together to accelerate SaaS companies. This means a concentrated effort to grow revenue, infrastructure, market reach and opportunities. We work with founders to kick start momentum and build a sense of urgency to meet self-set goals. We think in terms of actions and results. As Leo would say – Do it! If it works, double down and do it again even harder. If it fails stop and change.

What you can expect

Don’t expect a cookie cutter curriculum but do know – our high intensity two stage program will require your full focus. Here’s how it works…


Customized Plan

This is not a cookie-cutter program. L-SPARK will work with you to create a custom plan, appropriate to your company’s specific stage, needs and opportunities. Together, we’ll develop an aggressive but realistic strategy to generate month over month growth. L-SPARK has an extensive network of experienced mentors and advisors who founders can leverage to provide guidance where and when it is needed.


Weekly Operational Reviews

Very similar to a board meeting, as a founder you will be challenged on the performance of your business. Each week you will meet with the L-SPARK team to monitor your progress, help overcome obstacles and take advantage of new opportunities. The pace is fast and the accountability demanding, but L-SPARK alumni tell us this process is important to drive significant results.


SaaS Workshops

Through intensive SaaS workshops, one on one guidance from subject matter experts, and interaction with successful SaaS entrepreneurs, you will be able to focus on what your SaaS business needs to succeed.Expect one-of-a-kind workshops that will recalibrate your company’s approach to:

  • Positioning & differentiation
  • Sales process
  • Investor readiness, SaaS metrics and more.

Revenue Generation

At L-SPARK, we’re all about revenue generation. We’ll work with your team on sales process and business development to help you achieve month over month growth, repeatable sales and accelerate to a target of $100K MRR by the end of the program.


Embedded Mentor

You will be paired with an embedded mentor chosen to match your specific needs. Your mentor will work with you and your team hands-on, side by side for two days a week throughout the entire duration of the program to help execute on your plan – not just advise from a distance.


The 5% Solution

A spin on the traditional Accelerator model – L-SPARK does not take equity upfront. If you raise money during our program, or up to 12 months post-graduation, L-SPARK will receive equity in the startup proportionate to 5% of the total investment round converted into equity.

In the Press

L-SPARK and our portfolio have been featured in leading publications.

  • Financial Post logo
  • Entrepreneur logo
  • The Globe and Mail logo
  • Betakit logo
  • Canadian Business logo
  • TechCrunch logo
  • TechVibes logo
  • CBC logo

Are you ready to shift your startup’s focus to revenue generation?

L-SPARK has designed two programs to help companies realize their goals and effect change in the enterprise world.

Learn More

Return to top