Announcing the Winners of the BCIC-New Ventures Competition 11th Annual Awards Ceremony [Live]

Congratulations everyone.

UPDATE 13: Polymer Research Technologies Ltd. wins the 2011 BCIC-New Ventures Competition!

UPDATE 12: RewardLoop wins second place.

UPDATE 11: MineSense Technologies Ltd. wins third place.

UPDATE 10: Awesense Wireless Inc. wins the $40,000 BC Hydro Sustainability prize.

UPDATE 9: Diacarbon Energy Inc. wins the $20,000 BC Bioenergy prize.

UPDATE 8: FundRazr wins the Vancity Social Venture $15,000 prize.

UPDATE 7: RewardLoop wins the Plug-n-Play Tech Centre $10,000 prize.

UPDATE 6: A video plays highlighting the finalists and the competition. Then each finalist is brought to the stage to recieve their finalist certificate.

UPDATE 5: GreenScene AgriTek Inc. wins the first-place $30,000 Shildroth Agritech Innovation prize.

UPDATE 4: Two companies tied for second place of the $20,000 Shildroth Agritech Innovation prize, splitting it. Diacarbon Energy Inc. and KOK Technologies win!

UPDATE 3: Jury member Jim Pratt announces the five agritech finalists. Each company is given a certificate.

UPDATE 2: As an example of what New Ventures BC can do, HireTheWorld won last year's competition with three founders and a part-time employee. This year, with t-shirt-clad employees everywhere in the ceremony hall, there are 15 of them. The money and exposure from the competition made this possible, Dean Prelazzi says.

UPDATE 1: Bob de Wit, executive director of New Ventures BC, talks about how all the companies who entered the competition equate to $300 million in funds raised and over 1,000 jobs in BC created.

Tonight is the BCIC-New Ventures Competition 11th Annual Awards Ceremony at SFU's Segal Graduate School of Business.

After six arduous months and the survival of numerous tough rounds of competition, success is finally coming to fruition for a select few BC companies.

First Place Prize

$130,000 value including $110,000 cash and $20,000 worth of in-kind services from sponsors.

Second Place Prize

$70,000 value including $57,000 cash and $13,000 worth of in-kind services from sponsors.

Third Place Prize

$40,000 value including $33,000 cash and $7,000 worth of in-kind services from sponsors.

Agritech Prizes

$30,000 for first place and $20,000 for second place.

The 10 finalists

• Awesense Wireless Inc.
• CapTherm Systems Inc.
• FundRazr
• MineSense Technologies Ltd.
• Polymer Research Technologies Ltd.
• Precision NanoSystems Inc.
• RewardLoop
• Secodix Corporation
• semiosBIO Technologies Inc.
• Wifarer Inc.

The 5 agritech finalists

• BlueION Water Technologies Inc.
• Diacarbon Energy Inc. (2nd place WINNER)
• GreenScene AgriTek Inc. (1st place WINNER)
• KOK Technologies (2nd place WINNER)
• semiosBIO Technologies Inc.

In mere moments the event will begin and winners be awarded over $350,000 in prizes. This post will be updated at that time.