Archive for January, 2010

BCIC supports six Cleanteach startups at Globe 2010

Friday, January 29th, 2010

The BC Innovation Council (BCIC) is offering six BC-based Cleantech startups the opportunity to gain international exposure at the upcoming Globe 2010 Conference on March 24-26th in Vancouver.

Six startups will be awarded exhibition space at Globe 2010 in the BCIC showcase and have an opportunity to work with the BCIC to prepare an action plan that will position them for successful commercialization.

BCIC is asking companies to express their interest in participating at Globe 2010 no later than February 5th. The companies that BCIC will select for participation will qualify under the following criteria.

  • Early stage company focused on innovation in Cleantech with the ability to fulfill orders generated by clients at Globe 2010
  • Company plans to grow and sell products/solutions on the domestic, local & international markets
  • Company would not participate at Globe 2010 had it not been for this opportunity
  • Company representative(s) will be present at Globe 2010
  • Company will contribute $750 towards the cost of the overall participation at Globe 2010
  • Company will participate in confidential follow-up surveys on the outcomes of this initiative

Intested companies should express interest by completing this company profile and submitting it to BCIC Programs at programs@bcic.ca.

Etalim picks up Best Early Stage Cleantech Award

Thursday, January 28th, 2010

The  2010 Canadian Financing Forum took place today at the Hyatt Regency in downtown Vancouver and four previous New Ventures BC Competitors were chosen to present the Venture Capitalist audience.

The Forum wrapped up tonight with a reception to announce the Forum Favorites and Best Early Stage award winners. Iain Black, Minister of Small Business, Technology and Economic Development, was in attendance and presented the Best Early Stage Cleantech award to Burnaby’s Etalim.

Etalim’s new solar-power technology inexpensively converts the sun’s heat into emission-free electricity. This new technology uniquely combines thermodynamics, high-amplitude acoustics, mechanical resonance and material science to generate electricity not only from the sun, but from any heat source. An Etalim power plant can capture the sunlight falling on an area of land the size of a football field to power 500 homes without creating any CO2 emissions.

Etalim was founded and incorporated in March 2006. Former Creo CEO Amos Michelson is Etalim’s Chairman and experienced tech entrepreneur Ron Klopfer was named CEO in June 2009.

NVBC Alumni named to Ready to Rocket 25

Wednesday, January 27th, 2010

Vancouver’s Rocket Builders announced their eighth annual Ready to Rocket 25 list yesterday naming 25 privately held BC companies that are “best positioned to capitalize on the 2010 technology sector trends that will lead them to faster growth than their peers”. The annual Ready to Rocket 25 list aims to predict the companies that will likely experience significant revenue growth, venture capital investment or acquisition by a major player in the coming year.

19 of the companies on the 2010 list are repeat Ready to Rocket recipients with 6 new companies being tagged as “Ready to Rocket” for the first time. Two former New Ventures BC Competitors made the list. 2003 2nd Place Finisher  Genologics Life Sciences Software was named to the Ready to Rocket list for the second time and 2008 2nd Place Finisher Pulse Energy, Inc (formerly Small Energy Group) was named for the first time.

In addition to the Ready to Rocket 25, Rocket Builders also announced its 2010 lists of “Emerging Rockets” which includes a number of New Ventures BC past competitors:

VEF hosts Venture Capital in 2010 panel

Saturday, January 23rd, 2010

The Vancouver Enterprise Forum is presenting a panel discussion on the outlook for venture capital financing in 2010 this Tuesday, January 26th.

After a couple of quarters of reduced investing, the VC market in BC has some good news with new funds being introduced and new partners for the BC Renaissance Fund.

Is the economic crisis affecting the technology sector and venture capital financing or are recent exits in the US a sign that the market is turning around? But against this backdrop, everyone knows that great companies and great returns emerge from troubled financial times.

Is the venture capital market poised to rebound? Are angels going to be more active? What can companies do to increase their chance of raising money? What creative financing strategies are emerging on both sides of the border?

The evening session will be moderated by Andrew Lugsdin of BDC Venture Capital and panelists include John Albright of JLA Ventures, Ping Li of Accel Partners, and Mike Walkinshaw of Chrysalix.

The event takes place at the Vancity Theatre and tickets are $45 each.

Pulse Energy to track energy consumption at 2010 Winter Games

Friday, January 22nd, 2010

BC Hydro and Pulse Energy announced yesterday that they have launched an online Venue Energy Tracker to monitor energy consumption for 2010 Winter Olympic Games sites within the cities of Vancouver and Richmond, the Resort Municipality of Whistler and Whistler Blackcomb. Pulse Energy was the 2008 New Ventures BC Competition second prize winner and originally called Small Energy Group.

Pulse Energy’s online Venue Energy Tracker marks the first time Olympic venues have collected and publicly reported on energy consumption during Games time. Each participating site will have a dashboard monitoring real-time energy consumption. The dashboard will help venue managers to make smarter choices about how and when to use electricity.

Olympic venues participating in the project include the Richmond Olympic Oval, General Motors Place, Vancouver Olympic/Paralympic Centre, South East False Creek Community Centre, Whistler Blackcomb Roundhouse Lodge and Snowmaking Facilities and the Athletes Villages in Vancouver and Whistler.

Look for a live dashboard in real-time of the sites’ energy consumption at various Live Sites in February and at BC Hydro’s Power Smart Village or check out www.VenueEnergyTracker.com.

Validation for your Startup with a Technology Impact Award

Thursday, January 21st, 2010

If you’re an emerging start-up in the BC technology community, getting exposure and validation for your company is important to your success.

The upcoming  BCTIA Technology Impact Awards celebrate the successes of the tech industry and the companies, people and innovation that put BC on the map. Winning an award for the Most Promising Start-up or the Most Promising Pre-Commercial Technology will provide you with the year round exposure, recognition and opportunities you may be seeking.

You don’t have to be a BCTIA member to apply to the TIAs, but if you are you can submit to as many award categories as you wish with no fees.

Submit your application online by March 17th.

NVBC Alumni to present at Canadian Financing Forum

Wednesday, January 20th, 2010

The Canadian Financing Forum is next week in Vancouver and the final list of presenting companies is now online.

Among the line-up of presenters that are pitching to the Venture Capital audience are a number of former NVBC competitors including 2003 2nd place winner Genologics Life Sciences Software and 2009 Top 10 finalist Rapid Electric Vehicles.

In addition to these companies, ten startups have been selected to participate in the Bootup Demo Days session during the Financing Forum and 2009 Top 10 finalist Mobify is one of them. As part of Bootup Demo Days. Mobify will give a 10 minute investment presentation in front of angel and early stage investors during the afternoon breakout session and then again at a special event at the Plug and Play Tech Centre in Silicon Valley on February 3rd.

VEF Momentum Connects before Olympics

Tuesday, January 19th, 2010

Exactly one week before the 2010 Winter Olympics arrive in Vancouver, the folks at VEF Momentum will be hosting their first event of the year. On Friday, February 5th at 5:30pm VEF Momentum: Higher, Faster, Stronger will feature speaker Mark Williams, Co-Founder of Elastic Path Software.

Elastic Path is truly a local success story – they’re responsible for the e-commerce platform that runs the 2010 Vancouver Olympic Games website.  Williams will share some great war stories co-founding his start-up in Vancouver and will share what young entrepreneurs can do to reach the podium as successful entrepreneurs.

The event also includes a Q&A session, as well as ample networking time to help aspiring entrepreneurs connect with the people, resources and answers they need to succeed.

VEF Momentum Connect: Higher, Faster, Stronger will take place at Pop Opera Nightclub at 686 West Hastings Street and tickets are $10. Register online quick as Momentum events sell out and hte capacity is only 150.

BCTIA names Dragon Brett Wilson to Xcelerate panel

Monday, January 18th, 2010

The British Columbia Technology Industry Association is hosting their Xcelerate program in partnership with ACETECH this Spring and today they announced their panel of judges.

What is Xcelerate?

A full day committed to improving your corporate strategies and operations through dynamic two-way discussions with professional experts and industry coaches specializing in legal, finance, markets, talent, product development, planning, sales, licensing, and many more.

As part of the Xcelerate program, the first annual Xcelerate Forum will take place on April 12th. It will be a full day committed to improving your corporate strategies and operations through dynamic two-way discussions with professional experts and industry coaches specializing in legal, finance, markets, talent, product development, planning, sales, and licensing.

To ensure they deliver the best results possible, the organizers are only selecting 25 technology companies to participate and they’ve enlisted an expert Xcelerate Panel that includes the Dragon’s Den’s Brett Wilson, ex-CEO of Creo Amos Michelson, and Cisco Systems Board member Steve West.

If you’re interested, submit your application online by February 28th.

BC Innovation Council Soundboard: To SR&ED or not to SR&ED

Saturday, January 16th, 2010

If you’re reading this, you’re likely an early stage technology entrepreneur looking to maximize funding to help launch your business to the next level of success?

Unlike debt or equity financing, the Canadian Government supports the development and manufacturing process via the SR&ED Program which distributes over $4 Billion per year in tax credits and cash refunds to companies performing work in Canada. Entrepreneurs who do any work to further their product design, workflow, infrastructure, environmental impact, or IT systems receive significant SR&ED funding each year.

So, are you claiming your refund?

Join Craig Temple, the Founder & Principal SR&ED Hunter at Resonant Consulting, along with Dean Prelazzi from the B.C. Innovation Council for an informal, intimate, unplugged,’BCIC Soundboard’ discussion titled SR&EDs and Pints on January 21st at 2:00pm at the Lion’s Pub. Register here if you’re intersted.

Remember SR&ED Consultants don’t get paid until you receive your refund, so the risk in engaging one is minimal. If you’re thinking about filing a claim, you should definitely attend this seminar and then check out Techvibes’ SR&ED Consultants directory to find a consultant to work on your behalf.