Annual General Meeting 2011

Moncton, New Brunswick October 12, 2011

propel AGM Meeting Agenda

Annual General Meeting Order of Business
President's Report Propel Energy Report Financial Report Executive Director's Report Nominations and Approval of Motions
(Vote of propel Membership)

Motion 1: to approve agenda

Presidents Report

David Baxter President

A new Executive Director

Trevor MacAusland

propel Impact

6 active Accelerator companies 41 people today

31 more in next 6-months

$3.5M

invested

propel Impact

propel entrepreneurs are game changers and people are telling their story

ClinicServer pens deal worth millions in revenues

October 11, 2011 | Telegraph Journal

firstmajor international deal, partnering up with the United Kingdom's Chartered Society of Physiotherapy

SmartSkin wins KIRA Award for most promising startup

2010 | KIRA Awards

Zaptap to present products at Grow 2011 August 08, 2011

2011 SECOND PRIZE Zaptap (formerly airMe) Yan Simard | Fredericton

2011 SECOND PRIZE - Enovex Scott Walton | Saint John

Prescriptions enter the digital age

July 12, 2011 | National Post

Ganong shifts gears to save on energy costs

August 6, 2011 | Telegraph Journal

propel funding
rd year of sponsorship funding commitments

Propel Energy Report

David Baxter President

Partnering to initiate smart grid pilot projects

Pilot Projects Funded

implement Energy Management solution in a small industrial environment implement Energy Management solution in a medium sized institution product development of an energy efficient solution for a medium sized manufacturer and exporter

Financial Report

Ian Moores Treasurer

Financial Highlights
Results reviewed by firm Curry & Betts, Chartered Accounts to March 31, 2011 2011/12 funding provided via corporate sponsor commitments. New money required to expand the operation.

Statement of Operations March 31

Financial Position March 31

Motions 2 and 3
Motion 2 - To approve the reviewed financial statements as presented for the Year Ended March 31, 2011 Motion 3 - To appoint the firm of Curry & Betts, Chartered Accountants to serve as auditors to perform financial review for the 2011-12 fiscal year

Executive Directors Report

Trevor MacAusland Executive Director

we listened

closely

the summer of propel

2011

business model design, customer development, pivot!

eating our own dog food

2012

What founders told us Access to funding partners Business and product advice Connections to future investment Validation Peer support Pressure and discipline

trevorm@propelict.com/Confidential - Do not distribute

open and highly competitive application process

principally the

pre-seed investment in exchange for equity focus on founder & team

is

time-sensitive support through intensive mentoring and events

start-ups supported in cohorts

In a sentence The Propel Accelerator is a cohortbased accelerator program for early stage technology entrepreneurs to increase their chances of long-term success by providing an early opportunity to funding, mentorship, knowledge, and support.

the a,b,cs of

a. Startup applicants apply to participate in a two day Accelerator Bootcamp and Mentor Day 2 sessions per year b. Each applicant is assessed for Accelerator fit by a panel of entrepreneurs and investors based on quality of the team, business opportunity and growth potential c. propel invites winning teams to follow a rigorous Accelerator mentorship program for 5-months to launch a minimum viable product

THE RIGHT STUFF

have a technology focused idea/concept can be a new or early stage startup preferably B2B focus on SaaS, mobile or enterprise social networking no business plan required

no age restrictions
no geographic limitation willing to commit to weekly in-person meetings for a period of 5-months

 Bootcamp Mentor Day

Build
Mentorship program

Demo Day

Shape

Launch

10 teams So what? Who cares? Why you? 2-day Accelerator Bootcamp Mentor Day Up to 7 Accelerator program invites

Shape

mentor match mentor GSD scrums founder coaching milestone development & review networking weekly peer groups mentor diners & events know-how sessions proven methods & approaches funding pitch opportunities

Build

DEMO DAY pitch your storyagain

Launch

Fall 2011
AGM Launch Online Application Process

Q1 2012
Applicant Bootcamp & Mentor Day
Propel Accelerator

Q2 2012
Demo Day

propel has an audacious goal and were willing to put it in writing.

Launch

36

new start-ups

in 36 months

Board Nominations

David Baxter President

Returning Directors
David Baxter Dan Doiron Denis Desrosier Dave Grebenc Dan Martell Ian Moores Gerry Pond Anita Punamiya Larry Sampson

Dhirendra Shukla

Election of New Directors

Lorne Brett,
TriStar Mercedes-Benz

Shawn Carver,
thenextphase

Derek Jardine,
FacilicorpNB

Scott MacIntosh,
SwiftRadius

Motion 4: Election of Directors

Motion 4 - to approve the recommended slate of Directors and the Executive.

New Directors
Lorne Brett Shawn Carver Derek Jardine Scott MacIntosh

Returning Directors
David Baxter - President Dan Doiron Denis Desrosier Dave Grebenc Gerry Pond Anita Punamiya Dan Martell Ian Moores - Treasurer Larry Sampson Dhirendra Shukla

Thanks to departing directors

Richard Jones
SHIFT Energy Inc

Nicolas-Emmanuel LeBlanc
Etch Media Group [propel Accelerator Rep]

Rick MacPhee
Mariner Partners Inc

Jeff McGuigan
Bell Aliant

AGM Adjourned David Baxter President