New Ventures BC enables impact in BC’s tech industry. Our latest economic research study demonstrates that our top 25 ventures in the BCIC-New Ventures Competition are generating significant amounts of revenue and full-time jobs in BC.

A cohort-based study of 90 surviving ventures reaching the Top 25 in the BCIC-New Ventures Competition has shown:

Competition survival

Overall, competing startups rate NVBC as having made a significant impact on their business, providing an average rating of 8.2 / 10.

Successful startups from the 2010-2014 cohort include:

logos-competition-2

How does the BCIC-New Ventures Competition enable this impact?

New Ventures BC (NVBC), a provincial, non-profit organization, was founded in 2011 to provide early-stage tech venture founders the business skills, business contact, network and media recognition they need to succeed–at the most critical time in their trajectory.

For 17 years, NVBC has provided top-notch seminars, mentorship, connections, and exposure for BC early stage ventures. On average, 150 startups compete each year for the chance at $300,000 in cash and prizes. The BC Innovation Council, a crown corporation, has been the Competition’s title sponsor since 2008.

We facilitate the following in our annual Competition:

Competition iconsWhy investing in technology important?

The tech industry contributes to BC’s growing economy. In 2015, the tech sector:*

tech sector iconsThe tech sector also is experiencing continuous growth: employment in the industry has been steadily rising for the past five years.

*Profile of the British Columbia Technology Sector: 2016 Edition (BC Stats, 2017).

More information

Study analysis provided by Angus Management and RocketBuilders, with statistical data collected by New Ventures BC. 

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