Posted: May 1, 2015
A shared prize package worth over $200,000 in cash and in-kind services was awarded to the top entrepreneurs in the TEC VenturePrize business plan competition
Edmonton, AB – May 1, 2015 – The Alberta business and innovation community gathered at the Edmonton Shaw Conference Centre on April 29, 2015, to celebrate the most promising technology startup companies competing in the 13th annual TEC VenturePrize business plan competition.
The grand prize winners included:
Sensassure is a wearable tech startup that was founded as part of Canada’s Next 36, a national tech incubator program. Sensassure’s sensor solution for the incontinent elderly tracks if they’ve wet themselves and alerts nursing staff when changes are required. Sensassure helps restore dignity to those who suffer from incontinence by automating existing manual care processes, leading to timely changes that prevent secondary conditions from developing.VenturePrize TELUS Information & Communication Technologies (ICT) Category
OMx is accelerating the development of advanced molecular diagnostics with technologies to analyze and combine data about the chemicals, proteins and DNA in the body. Their first product helps improve and optimize diet and lifestyle with a urine test that measures indicators for diet and wellness.VenturePrize Student Category
Winner: Alberta Craft Malting
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.
Screeners’ Award of Merit
Physio4D is an interactive mobile technology for guidance of physical therapy exercises at home. It uses a set of 3D animated exercises and real-time suggestive feedback to minimize the risk of re-injury. This technology facilitates rehabilitation of musculoskeletal pains in any environment using ubiquitous devices.
Edmonton Journal People’s Choice Award
Winner: Alieo Games
Alieo Games is an educational technology company that recently launched COW, a writing app for students and teachers in K-12. COW provides a safe and fun space for students to practice writing (building writing fluency and vocabulary) and to share their work with classmates. For teachers, COW uses text analysis to provide useful feedback that they can use to customize their lesson plans to meet the specific needs of their students.
Other highlights of the evening included the announcement of the Ross & Verna Tate Science Entrepreneurship Award presented by the University of Alberta Faculty of Science. Also featured was 12-year old Michael Fyfe, a grade eight student and winner of the Peace Country Regional Science Fair whose “Brickin’ Awesome Eco-Brick” is taking him to compete in a national science fair.
Now in its 13th year, the VenturePrize program provides business training, mentorship, resources and funding opportunities to Alberta-based early stage technology startups. The program culminates in an annual business plan competition open to new and future entrepreneurs from across Alberta.
For more information about VenturePrize, visit: www.ventureprize.com
CEO, TEC Edmonton
Phone: (780) 492-8977
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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