TEC VenturePrize

Congratulations to the 2016 Ventureprize Grand Prize Winners!

Dakota Supplies Inc.
Fast Growth

MagnetTx Oncology Solutions
DynaLIFE Dx Health


Ceres Solutions Ltd.
Alberta Innovates Student

Edmonton Journal People’s Choice

Screener’s Award of Merit

Read the full press release online:
“Alberta Entrepreneurs Take Home Top Prizes at the 2016 TEC VenturePrize Awards”

Thank you to everyone who attended the 14th annual TEC VenturePrize Awards Celebration!
Photos and highlights coming soon!

VenturePrize is…

Business Training

The VenturePrize Seminar Series covers a wide variety of business, marketing and legal topics to help grow your companies and hone your business plans.


You can be paired with a VenturePrize mentor: industry professionals with years of business and entrepreneur experience who will provide guidance tailored to your specific needs.


The VenturePrize Business Plan competition provides finalists with cash and in-kind services to take their companies and business ideas to the next level.

VenturePrize Business Plan Competition

Submit your business plan for a chance at a shared prize package worth over $200,000 to accelerate your business ideas. **Deadlines to apply are February 24 (Fast Growth, TELUS ICT) and February 29 (DynaLIFE Health).

How to Apply

1. Start by choosing a VenturePrize competition stream to compete in: DynaLIFE Health, Fast Growth or TELUS ICT.
NOTE: the Student competition stream is open only to the top 3 finalists competing in student business plan competitions held at Alberta post-secondary institutions.

(NEW!) DynaLIFE Health

Sponsored by DynaLIFE Dx, this stream is open to entrepreneurs in the health care sector.

Grand Prize: $25,000 in cash and an opportunity to access expertise from DynaLIFE and their network of health care professionals
Runner Up: $10,000 in cash

Fast Growth

Supported by Alberta Innovates, the Fast Growth stream is open to general Alberta technology entrepreneurs.

Grand Prize: $25,000 in cash and in-kind services
Two Runners Up: $10,000 each in cash and in-kind services


Sponsored by TELUS, this stream is open to entrepreneurs in the information, communication & technology space.

Grand Prize: $30,000 in cash and an opportunity to access TELUS IT experts to further develop technology/apps.

Alberta Innovates Student

Supported by Alberta Innovates, the Student stream is open to current post-secondary students or those who have graduated within the past year.

Grand Prize: $20,000 in cash
Two Runners Up: $7,500 in cash each

2. Check your eligibility. The VenturePrize competition is open to Alberta-based entrepreneurs with:

  1. A viable, high-growth business concept
  2. At least one person living, working or attending school in Alberta
  3. If entering as a new company, the company must be operational within one year
  4. If entering as an existing company:
    • The majority of operations must occur in Alberta
    • Must have fewer than 20 full-time employees
    • Annual revenue requirements:
      Fast Growth, TELUS ICT: Less than $1 million
      DynaLIFE Health: Less than $2 million
    • Capitalization requirements:
      Fast Growth, TELUS ICT: Less than $2 million
      DynaLIFE Health: Less than $20 million
    • Not previously received awards as a winner in a VenturePrize Competition

3. Download all VenturePrize Forms & Documents.

2015 VenturePrize Fast Growth winner Senssasure.

2015 VenturePrize TELUS ICT winner OMx.

4. Register Online for DynaLIFE Health, Fast Growth and TELUS ICT streams.
For the Student competition, a registration link will be provided to the top 3 finalists from regional student business plan competitions.

All items on the Plan Submission Checklist are due by the respective competition stream deadline.

(NEW!) DynaLIFE Health

Registration Fees
Non-Student: $250 + GST
Student: $125 + GST

Registration Deadline: February 29

Please refer to the Plan Submission Checklist. NOTE: As a pilot project, the business plan requirement for the DynaLIFE Health stream is instead a shorter format executive summary (~3 pages) that touches on the following points (detailed on pages 9-10 of the Participant Handbook):

  • Executive Summary
  • Product/Service description
  • Industry and Market Analysis
  • Marketing and Sales strategies
  • Management Team
  • Manufacturing/Operations Plan
  • Implementation Schedule
  • Opportunities and Risks
  • Financials
  • The Offering
  • Appendices

Fast Growth

Registration Fees
Non-Student: $500 + GST
Student: $250 + GST

Registration Deadline: February 24

Please refer to the Plan Submission Checklist which includes:

  • Online Registration
  • Cover Page
  • Information Page
  • Signed Original Participant Agreement
  • Signed Original Non-Disclosure Agreement
  • 13 hard copies of business plan
  • 1 electronic copy of business plan


Registration Fees
Non-Student: $500 + GST
Student: $250 + GST

Registration Deadline: February 24

Please refer to the Plan Submission Checklist which includes:

  • Online Registration
  • Cover Page
  • Information Page
  • Signed Original Participant Agreement
  • Signed Original Non-Disclosure Agreement
  • 13 hard copies of business plan
  • 1 electronic copy of business plan


Registration Fees
There are no registration fees for the top 3 finalists from regional student business plan competitions.

Submission Deadline: March 9

TEC Edmonton will contact all 3 eligible finalists from their regional student business plan competitions to inform them of their acceptance into the Provincial VenturePrize Student competition.

Please refer to the Plan Submission Checklist which includes:

  • Cover Page
  • Information Page
  • Signed Original Participant Agreement
  • Signed Original Non-Disclosure Agreement
  • 6 hard copies of business plan
  • 1 electronic copy of business plan

Program Highlights

2015 VenturePrize winners

The grand prize winners of the 2015 VenturePrize competition streams:

Fast Growth


Alberta Craft Malting

People’s Choice
Alieo Games

Screeners’ Award of Merit
Sponsored by Field Law

Click here for all past VenturePrize winners

TEC Edmonton offers a VenturePrize seminar series of 7 sessions over 7 days between November 2015 – January 2016 covering a wide variety of business, marketing and legal topics that will help them grow their companies and hone their business plans.

All seminars are hosted at TEC Edmonton.

Why Do You Need a Business Plan?
November 19, 2015
11:30 – 1:30

What it takes to pique the interest of decision makers
How do you highlight your product or service and the value to the customer?
Why is it important to show your team’s expertise?
Will it help you get the financing to kick start your company – how?
How valuable is your plan to a prospective investor?

Marketing and Sales
November 26, 2015
11:30 – 1:30

Marketing Basics
Launching Your Business
The 4 P’s (product, price, place and promotion strategies)

Protecting Your Technology
December 3, 2015
11:30 – 1:30

Protecting your Intellectual Property
Licensing Your Technology

Your Financial Statements and the Management Team Responsible
December 10, 2015
11:30 – 1:30

The need for a strong management team
Understanding Financial Statements – Common terms, Statement basics, Statement types

Your Product – Industry & Market Analysis / Opportunities & Risk / Operational 5 Year Plan
January 7, 2016
11:30 – 1:30

Business Environments
Market Description
Improving Your Chances of Survival and Success
Your business system model

Business Plan Bootcamp – The Condensed Version
January 14, 2016
11:30 – 1:30

Understanding how your business will run
Highlighting your business potential to investors and lenders
This session provides an opportunity to explore your draft business plan with a business plan expert

Selling Your Plan
January 21, 2016
11:30 – 1:30

The Role of Networks
Making an Effective Presentation
What Investors Look For
The Key Attributes of a Winning Business Plan

As a business rookie, it can be difficult to know how to make your business work. Experienced entrepreneurs, from a variety of sectors and expertise, volunteer to mentor TEC VenturePrize participants in select communities.

Mentorship Process

1. Participants enrolled in TEC VenturePrize program can review mentors bios and provide the TEC VenturePrize Mentor Coordinator with their top three choices of individuals they would like to be mentored by.

2. The Coordinator will contact the mentors to notify them of the participants interest in working with them. Participants are NOT to contact mentors directly – doing so will result in disqualification from the competition.

3. Decision on who to mentor resides with the mentor themselves. There is no guarantee that a participant will be matched with a mentor.

4. If a mentor expresses interest in a participant, the TEC VenturePrize Coordinator will arrange for contact between the mentor and participant. The participant must be PREPARED to present their business concept and plan.

5. Once the mentor has agreed to work with the participant, the Coordinator is to be informed.

6. TEC VenturePrize Coordinator will not assist the participant any further with regards to mentor matching once a commitment has been struck for the participant and the mentor to work together.

7. All information shared with the mentor is treated as confidential.

Become a Mentor

The mentor program is an integral part of the TEC VenturePrize program and is highly valued by the entrepreneurs who benefit from it. If you would like to join the mentor team, contact Kendel Ferrier or Alexandra Bayley for further information.


Phil Doublet, P.Eng. helps companies grow by raising capital through private equity investors or arranging debt and other financing. In addition, assisted with performing due diligence (for either the buyer or the seller), assisting entrepreneurs in making their enterprise “investor ready”, and/or “buyer ready”, and providing clients with strategic advice in regards to marketing, finance, technology and growth. His extensive business background includes high technology, distribution, manufacturing and other industries, providing clients with competitive advantages, increased revenues, enhanced profitability and overall superior results. Co-owner of a Calgary-based manufacturing company and owns/ operates a management consulting practice.

Craig Elias is an entrepreneur and salesperson, with almost 20 years of success. In that 20 years he has won Tim Draper’s Global Billion Dollar Idea Pitch contest and collected a $1 million prize. He also coached two Canadian teams to top 10 finishes in the same contest. Because of his achievements he has received coverage on NBC News, The New York Times, Business 2.0, Sales & Marketing Management magazine, The Wall Street Journal, and The Nikkei Marketing Journal. Craig’s passion is helping entrepreneurs and start-up companies outsell larger more established players and win business plan competitions like TEC VenturePrize. His philosophy is ‘Integrity above all else’, and his motto is ‘No Regrets’.

Peter Kinkaide is a Vice President with MNP Corporate Finance Inc. He assists the Firm’s private, mid market clients in seeking value maximizing strategies through financing or divestiture transactions. He has led transactions of +$100 million in aggregate value. Since joining the Firm he has worked on a multitude of finance and consulting assignments, including: equity and debt financings, divestitures of owner managed businesses, economic development analysis; business plans, FOFI projections, due diligence, investor presentations and valuations. He spent a year in London, UK working with an MNP affiliate, leading transactions overseas. He enjoys delivering lectures on maximizing value in a business, raising finance and selling a business. He has worked with clients in a variety of industries and niches. Peter graduated with distinction from the University of Alberta with a major in finance and a minor in marketing. He earned the Chartered Financial Analyst designation in 2006.

Lisa Deutscher owns and manages Checkone2 Enterprises Inc., which she started in 2007, a consultancy providing business management services to a wide range of Calgary business owners and industry leaders. Prior to this, as a professional accountant, Lisa served as corporate officer and director, CFO, and VP of Finance for owner-managed companies in Calgary since 1989, participating from start-up, development, through significant growth and divestiture in senior finance roles. Lisa holds a Bachelor of Accounting Science degree from the University of Calgary’s Haskayne School of Business, and serves on the faculty of the SAIT School of Business. She is a member of the Certified General Accountants Association of Alberta, and participates directly in preparing and assessing CGA candidates through the credentialing process.

Marty Park founded Evolve Business Group Inc., and has since remained its president and a participating business coach. As an Action International business coach, Marty was awarded the 2002 Business Coach of the Year for North America at an international conference in New Zealand. Marty also received the National Award for the Coach of the Year two months later. In 2003, Marty received the Award for Global Contribution to Action and to the coaching profession. He is recognized internationally for his work developing both business coaches and their practices around the world, including Australia, the United States, the United Kingdom, Ireland and Spain. In addition to international recognition, Marty has been selected as one of Calgary’s Top 40 Business Professionals under 40 in 2004 by Calgary Inc. magazine. More recently, Marty was awarded the CYBF Canadian Mentor of the Year for 2005 in Toronto. The co-owner and operator of five successful businesses, Marty is presently involved in operations in Calgary and the United States. He has been a crucial player in all phases of start-up, including corporate strategy, sales and marketing, and financial operations.

David Saxby, President of Spark Communications helps businesses professionals develop innovative marketing and sales approaches and deliver powerful sales presentations. He has been a trainer and a sales and marketing consultant for over 30 years. David speaks internationally, giving presentations in an attempt to inspire innovation in business leaders to help them achieve success in their marketplace. He enjoys sharing insights he’s gained from his hard-learned lessons in the marketing and advertising world as well as the knowledge he has gained as a visionary business leader. David has worked with a wide range of industries including beverage and liquor, land development, real estate and construction, media and marketing, education, legal, medical, and financial professional services as well as with the small business sector.

David J. Muddle is a management consultant with Western Management Consultants, based in Edmonton, Alberta. Prior to consulting David held senior executive positions within the federal government in both advisory and operational management capacities. David’s areas of expertise and interest include public policy development and operational implementation, regulatory and governmental affairs, science management, public engagement, governance, strategic foresight and planning, and business transformation. He has extensive knowledge and experience working in the health, safety, environmental and energy sectors, and working with diverse partners including government, industry, academic and aboriginal groups. David has a particular interest in the innovation cycle and creating pathways for successful commercial ventures.


Fernanda Badano brings her vast experience in consulting, high-tech, and mobile to mentoring. Originally from Uruguay, she lived many years in Seattle where she received her MBA from the Foster School of Business at the University of Washington. Currently, she is managing production and publishing of interactive apps with Nation9, a full-service, digital and interactive studio that creates experiences in interactive storytelling, learning and entertainment for iPad, Amazon’s Kindle Fire and Windows Phone. She previously held a number of account management, project management and business strategy roles at iSoftStone Inc, a global consulting and IT outsourcing company based in Beijing, China. As part of the US division of iSoftStone, Fernanda delivered outstanding services to clients like Microsoft and other Fortune 500 companies, contributing to the growth of this division from $7M in revenue to $50M in just two years.

Yen Chuang operates 3 Sides, a consultancy specializing in strategic alignment and critical problem solving to a wide range of businesses and initiatives globally. With over 18 years consulting experience in widely diverse industries from not for profit and medical marijuana testing, to technology and education, his passion for start ups lies primarily within the food and beverage, and technology fields, with a focus on unconventional approaches to conventional problems.

Colin Christensen brings 20 years of team building and business development to mentoring. His passion is helping individuals, teams and organizations succeed beyond their expectations. As part of VenturePrize for the past 10 years, he has worked with a number of teams including some who have gone on to appear on the Dragon’s Den, build and successfully sell their businesses. Colin’s core strengths are around building high performing teams. His current business is teaching companies how to fish – how to attract and retain the best for their business. Whether it’s attracting clients, talent or investors, Colin can help you tailor your plan and message to those clients, investors and staff you WANT. A few other notable achievements: The companies Colin has partnered with have seen growth of 2000+% in 5yrs making the Profit 100; Recognized as leading municipalities in Canada and won awards for Best Places to Work and Best Managed Companies.

Bill Cogan, over the last 30 years, has worked as a business manager, corporate engineering manager, manufacturing manager, HR Manager, and management change consultant. As a management change consultant Bill employs many different methods to facilitate change, including consultancy and strategy, soft skill programs which address personal development, outdoor development programs, and other tailored programs to address specific needs of organizations. He has been involved in the electronics, pharmaceuticals, engineering, public sector retail, communities, education and financial sectors as well as working with sports teams and athletes.

Lorena Forster recently joined Innovate Calgary’s Kinetica energy accelerator doing business development in Northern Alberta. For the past 20 years, Lorena Forster has worked with early stage technology companies, entrepreneurs and inventors in various technology commercialization related positions, most notably in the energy and ICT industries. Lorena was Strategic Partnerships Manager at TEC Edmonton for 5 years and Venture Manager at the Alberta Research Council (now Alberta Innovates Technology Futures) for 9 years delivering business services to researchers, entrepreneurs and Alberta based start-up and early stage companies and working closely with provincial and federal partners and collaborators. Lorena has direct experience in business operations in both the private and public sectors including Marketing Operations Manager for a small ICT company and COO of Alberta Women Entrepreneurs. She is a past board member of the Alberta Clean Technology Industry Association (ACTia) and currently an active Futurpreneur (formerly Canadian Youth Business Foundation) volunteer mentor.

Ted Heidrick is presently Ernest E. and Gertrude Poole Professor in Technology Management – a joint appointment with the Faculties of Engineering and Business. Ted has over 25 years of experience managing the development of new products, process and services and is responsible for coordinating the MBA in Technology Commercialization. In addition to technology commercialization he teaches new venture development and intellectual property subjects to the MBA’s and to senior level engineering students. Ted’s experience developing and commercializing technology based products with industry includes the technical, marketing, intellectual property, and business planning.

Edward Darrell Neuman has previously worked for a University of Alberta based start-up company called BioTools Inc. as a Technology Commercialization intern providing management with timely suggestions and advice for obtaining federal regulatory approval for the commercial sale and use of a medical device in the United States and Canada. The project team consisted mostly of software developers and research scientists from the University of Alberta in the fields of software engineering and nuclear magnetic resonance spectroscopy (NMR). The project involved a joint commercial venture between BioTools Inc. and Varian based in Palo Alto, California to produce a high volume and fully automated system for screening bodily fluids for the presence of leading indicators of diseases such as cancer. A prototype of the system was located in the TEC research center located on the University of Alberta campus. Darrell has successfully taught an introductory course on project management as a sessional instructor with NAIT Continuing Education. Darrell has been a volunteer with many non-profit organizations including Junior Achievement of Northern Alberta where he served as a mentor and instructor to a group of High School students who were learning about entrepreneurship and best business practices. Darrell has an extensive amount of education having graduated with an MBA and Bachelor of Arts degree. A two year college diploma in computer systems technology was also completed.

Tracey Scarlett is the CEO of Alberta Women Entrepreneurs, a not-for-profit organization that provides a range of business services to help women across Alberta become successful entrepreneurs. Tracey has 20 years of work experience in entrepreneurial environments including business start-up as the co-owner of an electrical contracting business that she and her husband grew from a home-based start-up, to a firm with 20 employees and over two million dollars in annual revenue , over a five year period. Tracey has also worked with several life sciences and technology spin-off companies to evaluate their market positioning and has performed feasibility analysis in the development of business plans for these ventures.

Sherwood Park

Pierre Cormier is a seasoned business coach with experience in building successful organizations in achieving aggressive business growth, for the past 22 years. Pierre’s sharp and comprehensive research skills have been effective in identifying business trends and consumer needs. As a business professional and volunteer, Pierre has coached and mentored over 100 entrepreneurs to help them reach optimal potential and performance in several sectors: manufacturing, technology, environmental, educational, non-profit, retail, food services and consumer packaged goods. Pierre consults with all aspects of an organization, such as marketing, financial, and operational questions, to deliver a balanced outlook on a project.

Brian Goheen has been a CMA since 1987 and a CGA since 1985 and President and CEO of Chiro since 1988. Chiro has 600 employees, annual sales of over $30 million and is headquartered in Edmonton. Brian has been a TEC VenturePrize mentor for the past three years. Brian has a great deal of experience in accounting, finance, management theory and marketing, as well as commercial law. He enjoys helping entrepreneurs crystallize their business plans.

Van Konrad is a senior business analyst, management consultant and has been a mentor for the TEC VenturePrize Competition since its inception. As the CEO and Founder of a management consulting company, his job description ranges from management and business consultant to analyst and project manager. Throughout Van’s professional career his assignments and projects have been fast-paced, challenging and broad in scope – requiring strong technical, management and strategic planning capability.

Glynis Middleton is the president and founder of G. Whiz Business Services Inc., a firm dedicated to empowering businesses. With her MBA at Queen’s University, Glynis applied her business expertise with the Toronto Dominion Bank as a Commercial Lender. Working with a variety of professionals, Glynis developed proficiency in assessing business plans and coaching her clients to fulfill their financial objectives. She enjoyed increasing her responsibility as an Assistant Branch Manager with specific responsibility for mortgage development. Glynis has spent more than 15 years helping numerous businesses and individuals develop their entrepreneurial dreams, assess opportunities, secure financing and build enduring business.

Dennis Pommen, since 1990 he has operated successful management and out-sourcing consulting companies. Dennis provides organizational direction, executive level recruiting services, action-orientated business plan modeling workshops and has implemented budgetary restraint policies for clients. He also has experience in developing strategic initiatives to enhance excellence in customer and pubic relations and has also run mediation services. In addition, Dennis has provided leadership, advice and recommendations to local governments and the Board of Education regarding short and long-range financial planning and community development.


Mark Salopek is the Manager of Technology Transfer and Commercialization for GRAND NCE (Graphics, Animation and New Media Network Centre of Excellence), a consortium of 24 Canadian research universities, and primarily, he is facilitating and directing the transfer of technology out of the university computing labs to private sector digital media firms, developers and studios. Mark Salopek earned his Ph.D. at Cambridge University and completed his Masters and undergraduate degrees at the University of Alberta. His research interests include business strategy and corporate management, knowledge transfer, knowledge management, and distance and online learning methodologies and technologies. Prior to arriving at GRAND he taught strategic management, e-commerce and marketing at Thompson Rivers University in the Open Learning Division and was actively involved on the University Senate and Senate committees. In the private sector he worked at British Columbia’s leading technology firm, Macdonald Dettwiler and Associates (MDA), promoting the commercialization of data, information and products derived from Canada’s RADARSAT satellite. In his various business development capacities he worked with policy makers, and senior executives in the private and public sectors and a wide range of national and international agencies and organizations including the Canadian Space Agency, European Space Agency, World Bank, WHO and other UN agencies. He was also the founding member and director of several Internet companies and start-ups in the late 90s and early 2000s.