The press release came out on April 1, but it's no joke: the New Ventures BC competition has raised the stakes thanks to a new title sponsor, the British Columbia Innovation Council. BCIC's Proof-of-Concept awards add $200,000 in award money, bringing the total to $335,000. Over four rounds and seven months, early stage entrepreneurs will compete by developing their business idea for an innovative technology service or product. The prize breakdown is as follows: BC Hydro First Prize: $60,000 in cash and services PLUS BC Innovation Council Proof-of-Concept Award: $100,000 Enbridge Second prize: $38,000 in cash and services PLUS BC Innovation Council Proof-of-Concept Award: $50,000 Third prize: $17,000 in cash and services PLUS BC Innovation Council Proof-of-Concept Award: $50,000 BC Hydro Sustainability Prize: $20,000 cash There is still time to enter the competition; the deadline is April 23, 2008. Any BC resident who hasn't received more than $500k in outside funding for their idea is eligible. You can either register online or call 604-725-5740. The seminar series starts tonight and is open to both contest competitors and the public. It takes place at 6:30pm at the SFU Segal Graduate School of Business, 500 Granville Street in Vancouver. There will also be a live online video stream viewable to anyone. Following seminars will happen weekly, each Wednesday evening.
Turn your idea into a profitable company by entering the New Ventures BC competition. A "new venture" is a business idea that is economically... [more]
Greg Andrews
Greg Andrews is a Writer and Web Developer and for Techvibes. Born and raised in Edmonton, Greg was blogging about his high school drama long before it was fashionable. In the Spring of 2007, half a year out of school, Greg moved to Vancouver in search of interesting technology and the Canadian dream. His personal sites are gregcorp.com and miscellani.ca.
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