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TEC Edmonton has announced the top three Alberta student entrepreneurs competing for a combined prize package worth $35,000 to accelerate their businesses

Edmonton, AB – April 27, 2015 – Business incubator TEC Edmonton has announced the three finalists in the 2015 TEC VenturePrize Student business plan competition: Alberta Craft Malting (Olds College), NoLemon Automotive Inc. (University of Alberta) and Scout (University of Alberta).

The top 3 finalists of post-secondary student competitions across the province automatically qualify for competing in the provincial TEC VenturePrize Student competition. After a detailed review process, the following students have been selected for the finals:

Alberta Craft Malting
www.albertacraftmalting.ca
Olds College

Alberta Craft Malting integrates local Alberta-grown barley into the brewing process. With state-of-the-art technology, they plan to develop specialty malts that are brewed locally within Alberta, giving local craft malters a competitive advantage over out-of-province suppliers. The use of local grains means brewers can now access specialty malts made from local barley that is rated the best in the world.

Scout
www.scoutcard.ca
University of Alberta

Scout is a marketing platform for small and medium businesses that incorporates a smartphone based loyalty program. The Scout app replaces traditional punch cards and allows merchants to create a loyalty program tailored specifically to them, allowing them to truly interact with their customers.

NoLemon Automotive Inc.
www.nolemon.ca
University of Alberta

NoLemon enables good cars to sell faster. By offering an online classified platform providing third party vehicle inspections, NoLemon helps buyers and sellers effectively navigate the vehicle transaction process. By removing the uncertainty associated with buying and selling vehicles online, NoLemon provides the comfort and confidence individuals seek in making their purchasing decisions.

The winner and runners-up will be announced on April 29 at the 2015 VenturePrize Awards Event held in Edmonton. The Student grand prize winner will receive $20,000 in cash and in-kind services while both runners-up will receive $7,500 each in cash and in-kind services. Winners of the other two VenturePrize competition streams – Fast Growth and the TELUS Information & Communication Technologies (ICT) stream – will also be announced.

Now in its 13th year, the VenturePrize program delivers top-quality business training, mentorship and resources, culminating in the annual business plan competition. Open to early-stage technology entrepreneurs, the program attracts innovators from all over Alberta.

For more information about VenturePrize or to purchase tickets for the VenturePrize Awards Event, visit: www.ventureprize.com.

 

Media Contacts:

Alberta Craft Malting
Peter Schill
Phone: 403-948-2157
Email: peterschill@shaw.ca

NoLemon Automotive Inc.
Ola Cislik
Phone: 780-266-1059
Email: cislik@ualberta.ca

Scout
Kyle Kaiser
Phone: 780-835-1379
Email: kkaiser.scout@gmail.com

TEC Edmonton
Erik Einsiedel
Communications Coordinator
Phone: 780-248-5886
Email: erik.einsiedel@www.tecedmonton.com

 

About TEC Edmonton

TEC Edmonton helps tech 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 services in three broad areas: client business development, technology commercialization, and entrepreneur development.

TEC’s ~125 active clients are an outstanding group of companies. Since 2011, TEC clients have generated $310M in revenue, raised $160M in financing and funding, invested $85M in R&D, grown both revenue and employment by 25% per year, and now employ over 1800 people in the region. In addition, TEC has assisted in the creation of 14 spinoffs from the University in the last two years.

In 2013, TEC Edmonton was identified by the Scandinavian University Business Incubator (UBI) Index as the #1 university business incubator in Canada, and in 2014 ranked #10 in the world by the UBI Index. TEC Edmonton was also named “Incubator of the Year” by the 2014 Startup Canada Awards.

For more information, visit www.tecedmonton.com.

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