Edmonton, Alberta. TEC Edmonton’s ability to provide technology transfer and business services to the region was significantly enhanced today with the appointment of Chris Lumb as TEC Edmonton’s CEO, and Dr. Randall Yatscoff as Vice President of the TEC Executive-in-Residence Program.

 

As former President and CEO of Micralyne – an Edmonton-based MEMS (micro-electro-mechanical systems) developer and manufacturer - Mr. Lumb has a proven record in growing a startup into a thriving corporation, creating long-term commercial value from emerging technologies, and developing sustained client and stakeholder relationships.

 

“I’ve always been a strong supporter of TEC Edmonton and its partnership business model. The founders demonstrated vision when they created one of North America’s best technology commercialization organizations,” says Lumb. “TEC Edmonton is an important vehicle for bringing together University of Alberta researchers and local entrepreneurs, as well as skilled management, investors, services providers and economic development organizations, to create lasting economic growth. It’s already a great organization and I look forward to further strengthening its role in the community.”

 

TEC Edmonton has a strong team of intellectual property experts, market analysts and Executives-in-Residence (EIRs). The EIRs are veteran business professionals that have been successful in starting and growing companies. As EIRs, they provide mentorship and coaching to emerging companies. Together, the TEC team brings expertise and connections to help entrepreneurs and researchers create lasting benefits.

 

“With the changing landscape of the innovation sector, and the growing demand of startups requiring assistance, I invited Dr. Yatscoff to take on a new role in TEC Edmonton, becoming our Vice President EIR,” says Lumb. “Having been a successful researcher, entrepreneur, and more recently an EIR, Dr. Yatscoff knows firsthand the value this program brings to the community.”

 

As an EIR funded by the Alberta Heritage Foundation for Medical Research, Dr. Yatscoff helped raise over $5 million in financing for local startup Exciton Technologies and University of Alberta spinoff Transcriptome Science Inc. Prior to joining TEC Edmonton, Dr. Yatscoff was CEO of a public biotech company and spent 16 years in academic appointments. He holds more than 20 patents.

 

“Personally, I am excited about Chris Lumb taking on the leadership role in TEC Edmonton as TEC Edmonton transforms into a strong regional technology transfer vehicle,” says Dr. Lorne Babiuk, University of Alberta’s VP Research and TEC Edmonton’s Board Chair. “Securing the services of Dr. Yatscoff will dramatically expand our capacity to identify technologies and move them to successful translation. This, in parallel with the exceptional work of Pamela Freeman in company development, makes this a formidable team.”

 

"We’re thrilled to welcome TEC Edmonton’s new CEO, Chris Lumb and are confident his leadership will increase technology transfer, business services and collaboration to the region," says Ron Gilbertson, President and CEO of Edmonton Economic Development Corporation, and Vice Chair of TEC Edmonton’s Board.

 

As joint venture partners in TEC Edmonton, the University of Alberta and Edmonton Economic Development Corporation have a strong history of working to enhance both research and business communities, and their connections.

 

 

Nadia Andersen

Communications and Marketing Manager, TEC Edmonton

(780) 492-1865

 

TEC Edmonton helps transform high-tech discoveries into market opportunities. Through our business services, TEC Edmonton helps navigate the commercialization process providing assistance with technology evaluation, intellectual property protection, business incubation, advice and mentoring, planning, marketing research, and funding preparation. A unique not-for-profit enterprise, TEC Edmonton is a joint venture between the Edmonton Economic Development Corporation (EEDC) and the University of Alberta.