Edmonton, AB – January 21, 2016 – DynaLIFE Dx and TEC Edmonton are pleased to announce a two-year partnership designed to encourage the growth of new, innovative Edmonton companies, especially in the health sector.DynaLIFE Dx will be sponsoring a new health-company stream in the annual TEC VenturePrize Business Plan Competition.  All participating health-based start-ups will have access to educational workshops, mentorship and expert feedback. The winning health products company will be awarded a $25,000 cash prize, the runner-up $10,000.

DynaLIFE Dx, the Northern Alberta diagnostic laboratory services company with over 1,200 employees, will also collaborate on space in the planned TEC Edmonton expansion in the downtown Enterprise Square building. .

DynaLIFE Dx was lead sponsor of last November’s TEC Edmonton Health Summit and has actively supported the TEC Health Accelerator, a five-year program within the TEC Edmonton Business Development division assisting in the creation of at least 50 new Edmonton health product companies by 2020.

“Supporting the growth of new, dynamic health-oriented companies is very much how DynaLIFE Dx invests in the community,” says CEO Jason Pincock. “TEC Edmonton has introduced us to companies like Metabolomic Technologies Inc. and NanoSpeed. We have been able to assist them in determining the commercial feasibility and application of their technologies. Our staff enjoy working with entrepreneurs in the commercializing of their products. In the process, we all gain new skill sets and discover innovative approaches to health challenges.

“TEC Edmonton’s clients gain outstanding benefit from connections to larger companies because they provide clear visibility into real market needs. Sponsorship from DynaLIFE Dx provides this benefit, and helps further grow Edmonton’s dynamic life sciences sector. We’re very pleased to have DynaLIFE Dx as a partner,” adds Chris Lumb, TEC Edmonton’s CEO.

For further information, please contact:

Chris Lumb
CEO, TEC Edmonton
780-492-8318
chris.lumb@tecedmonton.com

Jason Pincock
CEO, DynaLIFE Dx
780-920-9993
Jason.pincock@dynalifedx.com

ABOUT DYNALIFE DX

DynaLIFEDx is a major Canadian medical laboratory offering a complete range of diagnostic testing services. With its main testing facility located in Edmonton, Alberta, Canada, DynaLIFE Dx has provided high quality laboratory services across Canada for more than 50 years.

ABOUT TEC EDMONTON

TEC Edmonton helps technology entrepreneurs accelerate their growth. In addition to being the commercialization agent for University of Alberta technologies, TEC Edmonton operates Greater Edmonton’s largest accelerator for early stage technology companies, including both university spinoffs and companies from the broader community.

TEC provides client services in four broad areas: Business development, funding and finance, technology commercialization and entrepreneur development.

TEC’s ~128 active clients are an outstanding group of companies. Since 2011, TEC clients have generated $472M in revenue, raised $232M in financing and funding, invested $142M in R&D, grown employment by 25% per year and now employ over 1750 people in the region. In addition, TEC has assisted in the creation of 22 spinoffs from the University in the last five years.

In 2015, TEC Edmonton was identified by the Swedish University Business Incubator (UBI) Index as the 4th best university business incubator in North America, and was also named Canadian “Incubator of the Year” at the 2014 Startup Canada Awards.

For more information, visit www.tecedmonton.com

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