Why enter the New Ventures BC Competition?

Volunteer as a mentor

$250,000 in cash and prizes

Each year, we give away prize packages to our top three finalists, plus sector-specific industry prizes. They’re all announced and awarded live at the Awards Ceremony.

The full 2021 prize list will be announced in April.

See past winners


Innovate BC first-prize package


Innovate BC second-prize package


Innovate BC third-prize package


Innovate BC Social Venture Prize

Awarded to a for-profit venture, placing in the Top 10 or Top 25. The venture must aim to create a strong social or environmental impact that creates shared value to the local community and society at large, in addition to economic profits.



Innovate BC Regional Startup Prize

Awarded to the most promising startup placing in the Top 10 or Top 25, that is positioned to make a significant regional impact. The venture must located outside of the Greater Vancouver Regional District.


Innovate BC Woman-Led Venture Award

Awarded to the most-promising venture with a woman CEO or Co-Founder in the Top 10 or Top 25. Preference will be given to CEOs, then to Co-Founders who hold 20% or greater ownership. This prize is open to anyone who self-identifies as a woman.


Luminaries Diamond-in-the-Rough Award

Awarded to a promising company that is pre-revenue and pre-investment as of April 12, 2021 (less than $50K of dilutive financing or revenue). This award is generously funded by members of NVBC’s volunteer Luminaries program.

Alumni Impact Award

Presented by Beanworks

This community-nominated prize is awarded to one Competition alumni that has made a significant economic, social, environmental, or community-based impact to BC’s tech ecosystem.

Top 10 Perks

Our finalists gain access to:

Draw for one complimentary spot to a future Spring Funding Round Table.

Opportunity for one of two presenting spots to a future Angel Forum

Draw for one of two complimentary tickets to the ACETECH Whistler Summit in 2022. Each ticket is valued at $2250.00.

Membership into VentureLabs’ accelerator


  • BC residents, teams or businesses
  • Innovative technology product or services
  • Any type of tech
  • Raised less than $1,000,000 of non-grant funding from any source
  • Less than 5 years old
  • Incorporation not required
  • Pay $200 entry fee

Check the Rules

Competition Timeline

Have what it takes to compete for over $250,000 in cash and prizes? 6 months, 4 rounds of competition. 200+ competitors, 1 grand prize winner.


Round 1 deadline

April 12, 10 pm

The Idea

Submit your registration and describe your business idea. All eligible participants move on to Round 2.

Round 2 deadline

May 6, 7pm

Feasibility Test

Submit a 5-page response to questions about your business idea.

- 25 companies move on to Round 3
- 15 additional companies will pitch their way into Round 3.

Round 2.5

June 24

Pitch Day

25 companies pitch to get into round 3.

Round 3 deadline

July 29

Condensed Venture Plan

Companies will be paired with a mentor team to expand their idea into an 8 page condensed venture plan.

Round 4 pitches

Sep 9 & 10

Top 10 pitches finale

Top 10 finalists make an in-person pitch to the jury for a chance to win $250,000 in cash in prizes.

Winners revealed

October 4

Winners announced at Awards Ceremony

Past Winners

Think you have what it takes?

Check back in March 2022 for the next New Ventures BC Competition.