Last July the Canadian wireless spectrum auction raised $4.25 Billion - an encouraging start to what promises to be a new era in Canadian wireless competition. While the auction was dominated by the big three, 40% of the licenses were set aside for new entrants. Among the new entrants was the unglamorously named, US equity-backed 6934579 Canada Inc. which quietly spent $52M on spectrum.
6934579 Canada Inc. came out of the woodwork as BMV Holdings in October and promised unlimited voice and text cellphone offerings in Ontario and Quebec for a flat rate of $40 per month. BMV also announced that former Bell Mobility President Alek Krstajic will serve as their CEO.
Today, the wireless upstart announced that they are one step closer to launching their wireless service after securing up to $50 million in financing from the private equity arm of the Ontario Municipal Employees Retirement System (OMERS).
"There are few investors in Canada that can bring the scale and level of sophistication that OMERS Private Equity offers through its investment in BMV," said Alek Krstajic, BMV's chief executive officer, in a statement.
The Toronto Star's Chris Sorenson is reporting today that not everybody is sold on BMV's plans for the Canadian market.
Some observers have suggested that BMV could have a tough time finding cellphones to sell to its customers because handset makers don't currently make devices for the swath of spectrum it purchased. Others, meanwhile, aren't confident that a business model based on cheap spectrum would be enough to support a business plan in a competitive industry dominated by phone and cable operators, or even against other new entrants such as Globalive Communications Corp., which is being backed by Egypt's Orascom Telecom.
Time will tell if OMERS' investment in the little guy will pay off.
Registration for this year's Northern Voice conference in Vancouver opens today and tickets are going fast. As of 4pm today, 100 of the 300 available spots were spoken for by eager attendees.
Northern Voice is a two-day, non-profit personal blogging and social media conference held at the Forestry Sciences Centre, 2424 Main Mall, UBC main campus, Vancouver, Canada on February 20-21, 2009. This is the 5th annual incarnation of this event.
If you're interested in attending, I suggest you get on it now as it should sell out in record time this year.
As a follow-up to our January 2009 Canada Startup index yesterday, comScore has provided us with their take on the top contenders.

In the above chart, the Online % Reach is the percentage of Canadians online that each entity reaches. As an example, Metrolyrics reached 8.9% of all Canadians during November 2008, making them the hands-down leader.
ZipLocal had the biggest month-over-month improvement rising from 2.7 to 3.2 and leapfrogging RedFlagDeals.
Thanks again to comScore for sharing this valuable data with Techvibes.
RedFlagDeals.com is Canada's largest bargain shopping community! Saving money is as Canadian as poutine or rolling up the rim on a double double.... [more]
Founded in 2004, MetroLeap Media Inc. is leading provider of entertainment content within the music and video game Internet market. Its flagship... [more]
ZipLocal is the difference between getting advice from the phone book vs. your trusted friends and neighbours. ZipLocal makes it easy to find what... [more]
Techvibes is pleased to welcome Vancouver, BC based Zapp Worx Design on board as a sponsor.
Zapp Worx is situated in Gastown and pride themselves on being one of Vancouver's longest-standing graphic design firms, offering outstanding service and delivery under the most difficult situations.
Luie Zappacosta created Zapp Worx Design in 1987. Zapp Worx has grown into a full-service design and print firm, with services ranging from brand creation to web design and print design, complete with an in-house digital print facility.
Luie's team of graphic designers have trained in some of the most prominent art schools locally and internationally including Emily Carr School of Design, the University of Macedonia and The Human Academy in Japan.
Websites and print communications that entice customers, empower clients and out-do the competition. [more]
Via David Crow's Blog, the Ontario Ministry of Research and Innovation announced funding today of up to $500K in 8 companies through the Investment Accelerator Fund.
Ontario has announced new investments in eight promising high-tech companies. The funding comes from the $29-million Investment Accelerator Fund, which helps eligible start-up companies develop their technology and gain entrepreneurial expertise to bring their product or service to market.
The eight lucky companies are listed after the jump.
C2C Link (Hamilton) – This McMaster University start-up makes optical crystal chips that efficiently convert laser light from one colour to another. The company’s technology is the only known method for producing commercially viable green and blue optical chips. Industry experts believe these chips will be the driving force behind a new generation of laser-based displays so advanced that they will even replace LCD-based TVs and monitors, due to better quality and greater energy efficiency.
Echologics Engineering (Toronto) – According to an International Water Supply Association study, 20 to 30 per cent of drinking water produced gets lost on the way to the tap. A December 2007 Sustainable Asset Management study estimated that total water lost in the US alone is 23 million m3 per day – roughly the equivalent of 9,200 Olympic-size swimming pools. Leaks are considered to be the major cause of this water loss. Echologics Engineering Inc. is developing and commercializing technology to reduce leaks in water distribution systems.
IPeak Networks (Kanata) – IPeak Networks has developed a solution for improving the performance of applications across wide area networks like the Internet. IPeak's technology dramatically reduces packet loss and boosts file delivery speed. The results include smooth and uninterrupted VOIP calls and video transmissions, and increased realism for online games. In December 2007, the Ottawa Centre for Research and Innovation voted IPeak one of Canada’s Top 10 technology companies.
Kneebone (Toronto) – Kneebone Inc. offers proprietary software and related services to corporate clients seeking to make their marketing more effective. Marketing performance measurement tools make it possible for clients to measure the impact of their marketing initiatives, helping them maximize the return on their marketing investments.
Nulogy (Toronto) – Nulogy Inc. develops supply-chain management software for logistics and contract manufacturing companies. Its flagship PackManager product provides real-time labour, production and inventory information, helping businesses operate more efficiently. Nulogy has received several accolades, including winning a 2008 Red Herring Award for being one of the most innovative and promising companies in Canada.
Regen Energy (Toronto) – A building’s 15-minute peak demand can account for 20 to 50 per cent of each month’s electricity bill. Regen has developed a wireless controller that automatically manages electrical peak demand levels for commercial heating and cooling applications, potentially reducing energy consumption at peak demand by up to 25 to 30 per cent. Historically, optimizing peak demand has only been an option for large commercial operations that could afford complex building automation systems. Regen controllers promise to bring better energy management to smaller organizations.
Skymeter (Toronto) – Skymeter Corporation is a Toronto-based company that provides vehicle-use information using a combination of in-vehicle sensors and a patented data processing system. Potential applications of its system (either available now or in development) include road-use charging, parking metering, location-based marketing and pay-as-you-drive insurance.
Sysomos (Toronto) – Sysomos Inc.’s patent-pending technology can monitor the entire social media space, including blogs, social networks, online forums and news sources. Customers use the company’s data analytics services to monitor how their products and brands are perceived online, and gauge customer reaction to ad campaigns and media coverage – all in real time.
| Rank | Company | TTR | |
|---|---|---|---|
| 1 | MetroLeap Media Inc. | ||
| 2 | PlentyofFish Media | ||
| 3 | Suite101.com Media Inc. | ||
| 4 | SpinTop Media, Inc. | ||
| 5 | AbeBooks.com | ||
| 6(1) | NowPublic | ||
| 7(-1) | Weblo | ||
| 8(1) | TravelPod | ||
| 9(2) | RedFlagDeals.com | ||
| 10(-2) | b5media Inc. | ||
| 11(-1) | Trend Hunter | ||
| 12 | amung.us | ||
| 13 | clubZone.com | ||
| 14(1) | TagTélé | ||
| 15(1) | TVDuck | ||
| 16(8) | UNYK | ||
| 17(-3) | iBegin | ||
| 18(-1) | Pointstreak.com, Inc. | ||
| 19(1) | ProductWiki | ||
| 20(-2) | Podbean | ||
| 21 | CoverItLive | ||
| 22(-3) | Skyscraper Source Media | ||
| 23 | ClubVibes | ||
| 24(-2) | Hush Communications | ||
| 25(1) | LibriVox | ||
| 26(4) | SharedReviews | ||
| 27 | Terapeak | ||
| 28 | everystockphoto | ||
| 29(-4) | Nexopia.com | ||
| 30(-1) | BuildDirect | ||
| 31(1) | Voices.com | ||
| 32(5) | Gyminee | ||
| 33(6) | Shopify Marketplace | ||
| 34(-3) | Idée | ||
| 35 | Cell Phone Etc. | ||
| 36(-2) | VideoPages Inc. | ||
| 37(-1) | Standout Jobs | ||
| 38(3) | ZipLocal | ||
| 39(-1) | Shopster | ||
| 40(2) | Shoptoit.ca | ||
| 41 | BubbleShare | 57,647 | |
| 42(2) | Savvica | ||
| 43(3) | Dabble DB | ||
| 44(4) | FreshBooks | ||
| 45(-5) | Agoracom | ||
| 46(-1) | Wild Apricot | ||
| 47(-4) | Oprius Software | ||
| 48(5) | Orato | ||
| 49(3) | Sillysoft Games | ||
| 50(-1) | Techvibes Media Inc. | ||
| 51(6) | Viigo | ||
| 52(-2) | Mojo Supreme | ||
| 53(18) | Toon Boom Technologies | ||
| 54(-3) | Enquisite | ||
| 55(7) | CounterPath Solutions | ||
| 56(4) | PriceCanada.com | ||
| 57(4) | MomentVille | ||
| 58(6) | Vivity Labs | ||
| 59 | Sitemasher Corporation | ||
| 60(36) | Clutterme Inc. | ||
| 61(-6) | Xtranormal | ||
| 62(6) | Crowd Science | ||
| 63(41) | weblocal.ca | ||
| 64(-10) | AjaxWhois | ||
| 65(22) | MakeFive | ||
| 66(-8) | My Yoga Online | ||
| 67(-34) | AideRSS | ||
| 68(-5) | PlanetEye | ||
| 69(-3) | ConceptShare, Inc. | ||
| 70(5) | Akoha | ||
| 71(-2) | Carrie & Danielle, Inc. | ||
| 72(-16) | Forumwarz | ||
| 73(27) | Chatroll | ||
| 74(-27) | Overlay.TV | ||
| 75(-5) | WowJobs | ||
| 76(5) | Viviti | ||
| 77(-4) | Awareness | ||
| 78(4) | YubNub | ||
| 79(-3) | OurFaves | ||
| 80(-6) | Splice | ||
| 81(-14) | Bitstrips | ||
| 82(-17) | Acquisio | ||
| 83(-5) | Bryght | ||
| 84(-7) | Lat49 | ||
| 85(-1) | MyTripJournal | ||
| 86(7) | PickUpPal | ||
| 87(-8) | Praized Media Inc. | ||
| 88(-16) | Cambrian House | ||
| 89(-1) | Well.ca | ||
| 90(-1) | Carpages.ca | ||
| 91(23) | MadWhips | ||
| 92(10) | 3terra | ||
| 93(20) | Sneakerplay | ||
| 94(3) | Memelabs | ||
| 95(-3) | Beanstream | ||
| 96(-2) | HomeStars | ||
| 97(34) | Rouxbe | ||
| 98(-3) | ChickAdvisor | ||
| 99(-14) | BumpTop | ||
| 100(-10) | KeywordEnvy | ||
| 101(4) | WiderFunnel Marketing |