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 specialty prizes. They’re all announced and awarded live at the Awards Ceremony.

Note: 2025 prizes are subject to change, as NVBC finalizes competition details.

See past winners

$110,000

Innovate BC first-prize package

  • $80,000 cash from Innovate BC
  • $6,000 in-kind services from EY
  • $9,000 in-kind services from Fasken
  • $10,000 in-kind video services from pushr video
  • $6,750 in-kind services from NVBC’s silver & bronze sponsors

$55,000

Innovate BC second-prize package

$30,000

Innovate BC third-prize package

$10,000

Innovate BC Sustainability Prize

$10,000

Innovate BC Life Sciences Prize

$10,000

Innovate BC Woman-Led Venture Award

$10,000

Leap to the Cloud Prize

Alumni Impact Award

NVBC Diamond-in-the-Rough Prize

Eligibility

  • 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.

View our event calendar >

April - June

Education and Networking Events

Weekly education and networking events starting April 2025. Visit our events page for details.

Round 1 deadline

March 31, 11:59 pm

The Idea

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

Round 2 deadline

April 22, 5pm

Feasibility Test

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

- Top 15 from Round 2 advance right away to Round 3.
- 25 additional companies will pitch their way into Round 3 for the remaining 10 spots.

Round 2.5

June 18

Pitch Day

25 companies pitch and 10 will advance to round 3.

Round 3 deadline

July 30, 5pm

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 11 & 12

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

Sep 29

Winners announced at Awards Ceremony