Cannabis business accelerator launching in 2015

BOULDER — The ArcView Group and CanopyBoulder said Tuesday they plan to launch a business accelerator for startups entering the U.S. marijuana industry.

CanopyBoulder, headed by Patrick Rea and Mark Nottoli, was founded  in July. It is a seed-stage, mentorship-driven business accelerator for companies developing ancillary products and services for the cannabis industry.

CanopyBoulder will select 20 startups in 2015 and invest $20,000 in seed capital in each venture in return for a 9.5 percent equity stake. It will provide startups with cannabis industry advisers, and invite them to Boulder to participate in a 12-week business boot camp to jumpstart their ideas.

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CanopyBoulder is partnering with California-based The ArcView Group that has a network of investors, industry leaders, entrepreneurs and marketing resources. The ArcView Investor Network includes more than 400 accredited investors who have put more than $17 million behind 34 companies in the last two years.

Rea, CanopyBoulder’s managing director, said Tuesday that the accelerator will focus on grow technology, safety products, packaging, big data and apps.

Applications for the 2015 class are being accepted at www.canopyboulder.com and www.arcviewgroup.com.