In late 2017 we had an idea to create an Accelerator to help early stage companies in our home town of London, Ontario. We dreamed big and started our initiative lean and mean.
What we did not fully expect is the support from the community. Our supporters, mentors and investors have stepped up to help us build something unique for our community. The support has allowed us to accelerate (pun intended) our plans faster.
To that end, we're excited to introduce our first investment - Factory Bucket.
Factory Bucket is building new technology in step with the “Industry 4.0” movement currently sweeping the manufacturing industry. They focus on replacing highly manual or antiquated legacy ERP systems with modern, easy-to-use software tailored to the manufacturing sector across the globe.
We had a video camera on hand to capture the moment as David and David (no relation) introduce the partnership.
The formal media release is below. We're excited to welcome Factory Bucket as a partner and look forward to great things from their team.
Factory Bucket Inc. Raises Investment from RH Accelerator Inc.
LONDON, ON -- Aug 28, 2018: Factory Bucket has successfully raised investment from the RH Accelerator becoming the first firm of the newly launched program in downtown London.
Factory Bucket (www.factorybucket.com) has built new technology and focuses on replacing antiquated legacy ERP systems within the manufacturing sector, both here locally in London and across the globe. Factory Bucket already boasts 14 employees and is currently raising funds to fuel its growth and global expansion efforts.
By focusing on replacing highly manual or antiquated legacy ERP systems, Factory Bucket seeks to build modern, easy-to-use software tailored to the manufacturing sector across the globe. The Industry 4.0 revolution is progressing and Factory Bucket is positioned to be a leader in this space.
“Factory Bucket is an amazing opportunity for London and the perfect fit for our accelerator program,” explains RH Accelerator CEO David Billson. “They have the right mix of a market opportunity, management expertise and growth potential that we look for in a growth-stage company. We believe our program will help Factory Bucket bolster their business plan, marketing strategy and sales tactics to be able to make best use of future investment capital. We are looking forward to working with David and his team.”
“The founders of RHA are the biggest attraction to us because all three have successfully built software/technology companies,” explains David Uram, Factory Bucket’s CEO. “They will foster our company and help accelerate our growth. We look forward to growing with them!”
Located in the historic Roundhouse in downtown London, the RH Accelerator seeks to better connect founders and startups with the investment community. Ensuring that growing companies have access to support, mentorship and investment are keys to the long term success of the program and ultimately to build London’s economy.
The RH Accelerator is pleased to announce that it has made its first investment into Factory Bucket, a local technology firm with high growth potential. The RH Accelerator, founded by Joe Dales, Brian Foster and David Billson seeks to aid growth stage companies in removing barriers that exist to their success.
“LEDC is thrilled to be partnering with the RH Accelerator to fill a much needed service gap to high growth start-up companies,” said Kapil Lakhotia, President and CEO, London Economic Development Corporation. “More than 20,000 entrepreneurs fuel the London economy. Providing that next step from incubation to acceleration is key to supporting our entrepreneurial ecosystem and an integral part of our economy.”
The RH Accelerator is supported by several sponsors in the London Region, including Start.ca, LEDC, rTraction, PwC, BBO and Deloitte as well as 30 mentors and growing who have volunteered their time to help our local firms.
In the coming weeks, the RH Accelerator expects to announce the remaining firms for it’s September program launch. You can learn more at www.rhaccelerator.com. For more information, you can contact David Billson (firstname.lastname@example.org) / (519) 438-9064.