$300,000 up for Grabs in BCIC-New Ventures Provincial Competition

Posted by Techvibes NewsDesk

The annual British Columbia Innovation Council New Ventures Competition is back for its 14th year and is seeking emerging BC entrepreneurs ready to take their technology startup "to new heights."

Companies in the early stages of innovation and business development will be given valuable exposure and the chance to receive mentorship from experienced business leaders. With more than $300,000 in prizes available to be won, entrants will share their ideas as they are evaluated for their potential to become lucrative ventures worthy of investment.

“The BCIC-New Ventures Competition offers great incentive to innovative technology entrepreneurs, allowing them to really think through their business models, identify their product-market fit and take advantage of the advice and skills of serial entrepreneurs and mentors in the process,” explains Greg Caws, CEO of BCIC.

 

 

Over six months, participants will meet with thinkers in the technology industry and continue to build on their ideas and skills. The competition, a four-round process judged by a lineup of tech sector veterans, will see competitors take their ideas from inception to a final venture plan. But startups don’t have to win to gain valuable insight; 85% of participants at every stage have continued to apply the tools and learned skills to their other endeavors.

“While the competition is about picking the idea most likely to be commercially viable and supporting their climb to the top, it is also about creating the unique opportunity for all participating entrepreneurs to gain seasoned insight from those who blazed trails before them,” noted New Ventures BC program manager Angie Schick. “That is one of the most valuable parts of the process and something that startups will be hard pressed to find anywhere else.”

BCIC-New Ventures Competition alumni have created 3,100 jobs for British Columbians and raised $200 million dollars in investment financing. The level of sophistication in BC entrepreneurship has skyrocketed over the past decade and that is in part due to this competition as it continues to shape the province as a leader in technology.

Company:
BCIC
Website:
http://www.bcic.ca
Location:
Vancouver, British Columbia, Canada

BCIC encourages the development and application of advanced or innovative technologies to meet the needs of industry in BC. We accelerate technology commercialization by supporting startups and developing entrepreneurs. With our partners, BCIC delivers programs and initiatives that promote company growth, resulting in jobs, increased revenue and economic development in BC. BCIC is a Crown Agency of the Province of... more

Company:
New Ventures BC Society
Website:
http://www.newventuresbc.com/
Location:
Vancouver, British Columbia, Canada

Turn your idea into a profitable company by entering the New Ventures BC competition. A "new venture" is a business idea that is economically viable, but has not yet secured significant financing from "outside investors" (ie. investors other than friends, family, and company founders). It must be an innovative product or service involving a new technology. The competition will give you the opportunity to: Join... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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