SaaS startups from Vancouver, Nanaimo and Saanich chosen for Washington tech accelerator

Bandit Labs, Asset Market, Locelle and Panevo have been chosen to join a program designed to help promising Canadian companies expand to the US.

Four BC startups have been selected to join a tech startup accelerator designed to help promising B2B SaaS companies expand to the US.

Bandit Labs, Asset Market, Locelle and Panevo have been chosen to join the third-ever Canadian Startup Market Accelerator program, launched by the Washington Technology Industry Association (WTIA) in partnership with Global Affairs Canada and Trade and Invest British Columbia.

The program, which runs through October 2021, has accepted 10 Canadian companies in total. Here is more on the four BC companies and what they do:

Vancouver-based Bandit Labs is an artificial intelligence and conversational analytics startup out of the University of British Columbia that has created predictive customer service chat analytics to increase customer engagement, agent productivity and revenue generation. The company was founded by Patrick Boutet.

Nanaimo-based Asset Market provides a digital marketplace that connects asset owners to prospective tenants that want to lease sites needed to deploy smart and connected devices. The company is led by CEO Jeff Davis.

North Saanich-based Locelle is a platform that provides tailored 1:1 mentor matching, live leadership sessions, and data-driven solutions to develop and retain women in the workplace. The company is led by CEO Humaira Ahmed.

Vancouver-based Panevo works with industries to reduce their environmental impact and improve sustainability through a range of innovative services and products. The company is led by CEO Craig Holden.


“Our third Canadian Startup Market Accelerator brings together some of the most promising B2B SaaS companies across several sectors including AI, energy, fintech, security, and more,” said Michael Schutzler, CEO of WTIA.

“Participants in the program will receive expert mentorship and access to investor networks to help rapidly accelerate their expansion into the U.S. market. B2B SaaS companies continue to make their mark on the world stage and we are proud to partner with Global Affairs Canada and Trade and Invest British Columbia to fuel opportunities for Canadian startups.”

The virtual Startup Market Accelerator includes workshops on sales, fundraising and other stage appropriate topics, customized to the individual organizations. The program also provides mentorship and coaching designed to help with localization efforts and U.S. go-to-market strategies.

Founders will receive introductions to local companies for market validation, and local community leaders and investors. All participants will also benefit from a free WTIA membership, including access to benefits like AWS Credits, Carta Cap Table Management software, HubSpot marketing automation, Brex corporate credit cards, among others.

“Working with our partners in Washington State, we are helping to build strong connections among entrepreneurs, innovators and investors across the border,” said Ravi Kahlon, BC’s minister of jobs, economic recovery and innovation, in a statement provided. “The Startup Market Accelerator program is a great example of how we are supporting the fast-growing technology and software innovation sectors to create thousands of jobs for people throughout BC.”

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