Edmonton, AB – September 29, 2016 – TEC Edmonton announced today the appointment of three distinguished Albertans to its Board of Directors. Their leadership covers key areas of post-secondary education, finance, information and communications technology, and entrepreneurship.

As Vice-President (Finance and Administration) of the University of Alberta for more than 14 years, Phyllis Clark provides leadership to all matters relating to university finances, human resources, supply management services, internal audit, strategic analysis, risk management services and administrative IT services.

Prior to her role at the University of Alberta, Phyllis served as Assistant Deputy Minister of Ontario’s Management Board Secretariat, as the Province of Ontario’s Chief Economist and Assistant Deputy Minister of Finance, and as Vice-President (Finance and Administration) at York University. Phyllis holds a Bachelor of Arts in Political Science and Economics (University of Toronto) and a Master of Arts in Economics (University of Michigan).

Tim Fell, Vice-President of Video and Broadband Services at TELUS, has occupied senior roles at TELUS for more than 20 years, and will bring valuable insight to TEC from the information and communications technology sector. He holds a Bachelor of Science in Electrical Engineering (University of Saskatchewan) and an MBA in Finance (University of Alberta).

As the Founder and CEO of Yardstick Testing and Training Experts, Chris LaBossiere is familiar with what it takes to build a successful business. Having started as a hobby with only two employees, Yardstick won the 2006 TEC VenturePrize and has since grown to become a $22 million dollar company with 80 employees.

Chris has previously served on the Board of Directors for the Edmonton Economic Development Corporation and as Board Chair for Startup Edmonton. He holds an Institute of Corporate Directors (ICD.D) designation from the University of Toronto’s Rotman School of Management.

“I am pleased to have three exceptional leaders join TEC Edmonton’s board this year,” says Dr. Lorne Babiuk, University of Alberta Vice-President (Research) and TEC Edmonton Board Chair. “Their combined expertise will be a great asset to TEC Edmonton, and will help strengthen the Edmonton region’s position as an innovation, technology and business development leader.”

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

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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Media Contact:

Stephanie Gillis-Paulgaard
Director, Communications & Marketing
TEC Edmonton
780-492-0707
Stephanie@www.tecedmonton.com

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On September 21, TEC Edmonton hosted the Health Accelerator Summit, the day before the 2016 Banff Venture Forum. It was a jam-packed day of events, with representatives from universities, government, and the private sector joining to watch a panel discussion, and a rapid-fire pitch competition from eight growing healthcare companies. The overarching theme of the summit was building a long-term solid, innovative healthcare ecosystem.

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TEC Edmonton Executive Vice President of Business Development, Randy Yatscoff, kicked off the Health Summit by welcoming everyone.

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Next, Mayor Don Iveson took the stage, commenting on Edmonton’s “extraordinary entrepreneurial spirit” and emphasized the crucial role of business service providers in building a city ripe for talent and investment. He stated that the municipal government plays an instrumental role in fostering an innovation-based ecosystem by. Edmonton’s Health City Initiative is one way in which Edmonton is being positioned as a health innovation powerhouse.

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Jason Ding, Program Director of the TEC Edmonton Health Accelerator, provided an overview of the Health Accelerator’s second year. The recent success stories of Health Accelerator clients Vivametrica, Metabolomic Technologies Inc., Tevosol and MagnetTx were notable examples.

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Dr. John Conly, Medical Director of W21C, a Calgary-based health systems research and innovation initiative, took the stage next to give attendees an introduction to the W21C, and explain how the initiative is a living laboratory designed to build new paradigms of healthcare delivery.

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Reg Joseph, Vice President of Initiatives & Innovations at Alberta Innovates Health Solutions (AIHS), spoke to Edmonton’s health innovation ecosystem and presented AIHS’s innovation goals for the year 2030. His presentation emphasized that innovation must tie into health policy and delivery in the province.

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The elevator pitch competition proved to be an exciting way to get to know some of the health technology companies in Alberta’s innovation landscape. Representatives from Physio4D, ELSIUS Biomedical, SafeTracks GPS Canada Inc., SolAeroMedInc., Salu, Pace Wellness, Good Glucose Inc., and Sinoveda Canada Inc. presented 90-second pitches to the audience.

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The judges had to make some tough choices to decide which company would move on to present at the Banff Venture Forum the next day, but ultimately, Pace Wellness emerged victorious. Thank you to Mayor Don Iveson for sitting in as a guest judge!

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Finally, the panel discussion began. Michael Witt of University of Michigan (Flint); Kristina Williams, CEO of Alberta Enterprise Corporation; Ian Atkinson, Co-Founder of Innovative Trauma Care; and Michael Lincoln, Chief Financial and Business Officer of Accel-Rx Health Sciences gathered to discuss strategies that work (or don’t work) in building a solid, sustainable investment ecosystem in the region.

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Thank you to everyone who joined us last week in making the second annual Health Accelerator Summit a success!

On September 20, TEC Edmonton announced the launch of the TEC Global Connector at the Doing Business in Latin America event, cohosted at the Shaw Conference Centre with Edmonton Economic Development Corporation.

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TEC Global Connector is supported by Western Economic Diversification and helps Albertan companies reach international markets. These companies are important to Alberta’s economic growth and diversification. This is demonstrated by a survey of entrepreneurs who have worked with TEC Edmonton over the past five years, which shows that technology based exporters grow 50 per cent faster and invest three times as much in research and development in Alberta than those with only domestic and U.S. sales.

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TEC Global Connector embeds multi-lingual TEC Edmonton experts in companies to help them communicate and work in new markets, as well as utilizing specific local information and ground personnel in the target countries. This service gives continuity to the initial support received by the Federal Trade Commissioner Service. TEC Global Connector plugs entrepreneurs into a network that is a unique blend of internationally-based business incubators, accelerators, not-for-profits, and professionals. A map of TEC Edmonton institutional partners can be seen here.

In addition, TEC Global Connector offers five areas of service: market research, market entry support, business development support, intellectual property assistance, and connection to funders and financial groups. This complements the existing suite of programs at TEC Edmonton as well as those of other government and not-for-profit agencies.

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The Doing Business in Latin America event is an example of how mixing cultures can lead to new and interesting things. The evening featured Latin cuisine, Chilean wine tasting, and dance lessons with local dance company Ludic Zouk. Attendees also heard from guest experts Mark Benz (VP of Sherritt Technologies), Jerry Hanna (CEO/President of Clearflow Group Inc.), and Quinn Holtby (CEO/President of Katch Kan), all of whom have experience with entering the Latin American market.

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The advice given by all three panelists had one commonality: do your homework and get to know the local culture your company is about to enter. “Learn about the local government and utilize local connections,” said Jerry Hanna. “Find out how you can fit them, not how they fit you.”

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If you think your business may be ready to enter international markets, please contact us. If TEC Edmonton can’t help we’ll know someone who can.

Jorge Gonzalez
Program Manager, Latin America
Phone: (780) 492-4288
Email: jorge.gonzalez@www.tecedmonton.com

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September 19, 2016 – Edmonton, AB – TEC Edmonton welcomes Karen Wichuk as its new Vice-President of Public Sector and Government Relations. Karen brings over 14 years of experience with senior management roles in both the public and higher education sectors. Much of this time was spent at the University of Alberta, one of Canada’s top research intensive universities, where Karen worked closely with former President Indira Samarasekera advancing Canada’s science, research, and innovation agenda.

At TEC Edmonton, Karen will focus on a number of initiatives, including ensuring its strong regional fit with new federal innovation programs, working with the province to help ensure an effective innovation ecosystem, and representing TEC Edmonton on the steering committee of the Health City Initiative. In addition, Karen will develop programs with other institutional partners that promote Edmonton as a hub for innovation and entrepreneurship.

“We are very happy to have Karen on board”, says TEC Edmonton CEO Chris Lumb. “Our clients and leadership team will benefit from the addition of her robust knowledge and expertise in building strategic partnerships, policy formulation, government, university administration, and community engagement.”

Most recently, Karen was seconded from the University of Alberta to the Government of Alberta where she served as Assistant Deputy Minister of Machinery of Government within Executive Council. There, she was responsible for providing strategic advice on the structure of government departments, mergers and programs as well as leading the project management throughout structure transitions. Prior to her role in Machinery of Government, Karen served as Assistant Deputy Minister, Strategic Planning and Policy within Executive Council. Before joining the Government, Karen was the Associate Vice President (Government and Stakeholder Relations) at the University of Alberta, a position she had held since 2008.

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

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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Media Contact:

Stephanie Gillis-Paulgaard
Director, Communications & Marketing
TEC Edmonton
780-492-0707
Stephanie@www.tecedmonton.com

September 19, 2016 – Calgary, AB – Alberta-based health technology startup Vivametrica announced today its acceptance as the first startup into the T-Squared Accelerator, a new collaboration between TEC Edmonton and TELUS. Founded by clinicians and researchers, Vivametrica provides personalized health analytics information from wearable devices. It is at the leading edge of technology innovation driven by award-winning science, and is poised to become a front runner in health data analytics.

As one of Canada’s top business incubators, TEC Edmonton accelerates the growth of early-stage technology companies, serving to diversify Alberta’s economy. As part of the T-Squared Accelerator, Vivametrica will receive seed funding, business mentorship, access to industry networks, channel partners, and investors.

“We are excited that Vivametrica has been chosen as a startup partner in the T-Squared Accelerator,” said Dr. Rick Hu, Founder and CEO of Vivametrica. “As experienced organizations, I am confident that TEC Edmonton and TELUS will provide exceptional support in growing Vivametrica into a successful leader in enterprise and insurance health analytics.”

“Of the fifty or so start-ups that initially applied for T-Squared, Vivametrica stood out as one of the strongest teams and offerings in the wearable health tech platform space. Our collective goal in the coming months is to support management with resources, insight, advice and access to our investor network to help the company rapidly grow its customer base and become a global leader in enterprise and insurance health analytics,” stated Shaheel Hooda, Executive in Residence at TEC Edmonton and Program Director of T-Squared.

Since its incorporation in 2013, Vivmetrica has built a strong team, commercialized its technology, and identified promising market opportunities. With the support of the T-Squared Accelerator, Vivametrica will continue to grow, further putting the Alberta health technology industry on the world stage.

Currently, Vivametrica works with TELUS Health Solutions on wearable-based enterprise health services. In addition, Vivametrica will launch a pilot program in China, through a leading global re-insurance company and one of its Chinese direct insurance clients.

On September 22-23, Vivametrica will present at the Banff Venture Forum, Canada’s premier company financing event which showcases promising high tech companies from across North America. The Banff Venture Form follows the Health Accelerator Summit where representatives from the investment, biotech, university and business communities come together for an in-depth look at the latest healthcare industry trends.  The Health Accelerator Summit is hosted by TEC Edmonton.

 

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

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.

The T-Squared Accelerator is a Canada-wide collaboration between TELUS Communications and TEC Edmonton. More information is available at:  www.tecedmonton.com/t-squared-accelerator/

For more information, visit www.tecedmonton.com.

About Vivametrica

Vivametrica is a health analytics company that provides health status and health risk measurement and analysis tools using wearable tech and other data. Our analyses are used by Life and Health insurers to streamline policy underwriting, personalize insurance products, and provide engagement tools to their customers. This then results in decreased issuance costs, decreased claims costs and increased market opportunity. Although our primary focus is the insurance industry, our device agnostic platform and Patent Pending Algorithms support other potential verticals in health care, organizational wellness and clinical care.

For more information, visit www.vivametrica.com.

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Media Contact for Vivametrica:

Rosabel Bong
Content & Community Manager
Phone: (587) 700-0311
Email: rosabel@vivametrica.com

Media Contact for TEC Edmonton:

Shaheel Hooda
Program Director, T-Squared Accelerator
Phone: (780) 492-4049
Email: tsquared@www.tecedmonton.com

On September 2, Startup Canada announced the winners of the 2016 Startup Canada Awards for the Prairie Region. TEC Edmonton would like to congratulate all of this years winners, one of which is a TEC Edmonton client, and two of which are TEC Edmonton team members.

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The Startup Canada Innovation Award was presented to Exciton Technologies as an entrepreneur-led business demonstrating excellence. Exciton’s proprietary technology leverages the antimicrobial properties of silver to create innovative, cost-effective and safe wound dressings to prevent bacterial growth and the spread of infections. After years of product development, Exciton achieved its first profitable year by grossing $3 million in 2015.

The winner of the Adam Chowaniec Lifetime Achievement Award is Dr. Randy Yatscoff, TEC Edmonton Executive Vice President of Business Development. The award is presented to an individual who has demonstrated outstanding impact and enduring legacy in Canadian entrepreneurship.

As Executive Vice President of Business Development at TEC Edmonton, Randy leads a team that works with over 80 companies per year. The team provides a multitude of services to Edmonton’s entrepreneurial community, including mentoring and coaching, market research and opportunity assessments,executive contracting, product development, regulatory compliance, branding and marketing,and corporate structure and governance. Randy’s expert mentorship and guidance, as well as strategic direction for TEC Edmonton, is backed by more than a decade of experience as a biotech executive, notably serving as President and CEO of the drug development company Isotechnika. During his tenure at Isotechnika, Randy helped raise $200 million in equity financing and took the company public.

Shaheel Hooda, TEC Edmonton Executive in Residence and President of Intellis Strategic Advisory, took home the Startup Canada Entrepreneur Promotion Award, which is awarded to individuals who advance the environment and culture of entrepreneurship in Canada. As a serial entrepreneur and angel investor, Shaheel shares his business acumen gained from over two decades of experience in the information and communications technology sector. Recently, he has taken on the role of Program Director for TEC Edmonton’s newly-formed T-Squared Accelerator, a partnership between TEC Edmonton and TELUS that delivers opportunities to Alberta’s early-stage tech companies.

TEC Edmonton congratulates all winners of the 2016 Startup Canada Awards for the Prairie Region. Together, they set an example of the Prairie Region as a strong ecosystem of entrepreneurial drive and support.

We hope to see you at the awards ceremony on October 25 to help us celebrate the winners!

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