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

$110,000

Innovate BC first-prize package

$60,000

Innovate BC second-prize package

$35,000

Innovate BC third-prize package

$10,000

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.

 

$10,000

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.

$10,000

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.

$7,000

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

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.

 

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

Think you have what it takes?

Enter the 2021 New Ventures BC Competition.