On May 15, the top 25 tech companies in BC gathered together on the second-floor concourse of The Telus World of Science to showcase their latest innovative breakthrough and to celebrate the influencers and visionaries of the future.
NextBC, presented by DigiBC, the Digital Media and Wireless Association of BC, invited out a diverse collection of game/life-changing companies, from experienced money managing tools [Payfirma] to digital health advances [Conquer Mobile] to HD cameras in the exosphere, shooting perfect images of the Earth [Urthecast].
“At DigiBC we recognize that technology is changing our lives in so many ways,” said Howard Donaldson, President of DigiBC. “Our objective is to promote innovation and that is really what inspired this event.”
NextBC was designed not only as a conference with keynote speakers and panelists, but also as an award show, highlighting the company that has excelled and continues to show great potential.
The top 25 companies, at the end of the night, were chiseled down to five. From there a panel of judges were selected to ask important questions that focuses on four factors that include; breakthrough or rapidly advancing technology, the potential for broad impact, the potential for significant economical impact, and disruptive impact that transform how people work and live. The five companies chosen were: General Fusion, D-Wave Systems, Avigilon, Urthecast and CapTherm Systems.
How many years from commercialization do you think you are?
“Eight years,” responded General Fusion’s representative. “We want to build a power plant; that is not something you can whisk up in an afternoon."
"Hopefully in the next few years we’ll demonstrate the physics that the power plant is based on, which when we compress this very hot gas, we can make fusion energy," he continued. "Demonstrating that will take around two years, but this will not be a power plant, this will be a test that can show that it can be done. After that we need to build a piece of hardware, which will take some years and a lot of money, and just raising the money will be difficult to build a power plant like that.”
What is disruptive about your business model?
“We have the ability to stream data from space in utterly new and innovative ways, disrupting how it was done for everyone else,” said Urthecast’s representative. “We can democratize the view of Earth for free for anyone with Internet connection. That free platform that we put out to everyone in the world allows us to generate huge numbers of eyeballs. And those eyeballs can in turn be monetized much like the classic model of Internet companies."
“I’m happy to say that we are very profitable,” said Avigilon’s representative, “and we are the fastest growing software company in North America. We go to market through certified Avigilon dealers. We directly sell to them and they sell to stadiums, transportations, etc. That’s pretty disruptive because a lot of our competitors mass produce to market distributors, and they dilute their product and their pricing model.”
Why are you here in Vancouver?
“From a national level, the support for research and development in Canada is second to none,” said CapTherm’s representative. “We feel really fortunate for the support we received from national research councils and scientific research and experimental development. We do utilize the ETC tax credits, we got a substantial portion off the pie last year and overall I couldn’t find a better place to run the company out of.”
“As you might imagine quantum mechanics take some pretty smart people to do what we are doing,” said D-Wave System’s representative. “So when we started the company here, we were able to attract some of the world’s best physicists to work on the dream that we had. People have come from all around the world: a lot of European countries, all over the States and across Canada. They always had this dream and that’s why they are here.”
When it was all said and done, the tension had built and the drum roll had fizzled out, General Fusion was awarded the Gold honours, D-Wave System with the Silver and Avigilon with the Bronze—and Fusion Pipe Software Solutions took the People’s Choice Award.