Founded in 2012 and based in Canada, Communitech HYPERDRIVE invests in startups that are 2-3 years old and operates in areas such as enterprise software and healthcare. The fund typically invests in rounds with 2-3 participants and has notable sponsors like Canrock Ventures and BDC Venture Capital. Startups accepted into the program receive seed investment, access to mentors and investors, and participate in a six-month program focused on validation and efficiency. HYPERDRIVE has had high activity in 2013 and typically invests in deals ranging from less than $50,000.