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When Pawel Brzeminski came to Canada via Poland 15 years ago, one of the first things he noticed was a difference in how people in North America managed their money: he noted that people had more of it, but they didn’t seem to know how to plan for the future effectively.

What began as a culture shock for Pawel eventually developed into Snap Projections in 2014, an innovative way to solve problems within Canada’s financial services industry, combining Pawel’s background in software engineering with financial planning expertise into one user-friendly software package.

Before even writing any code, Pawel began his mission by uncovering what financial planners and advisors were struggling with on a day-to-day basis, sitting down with over a hundred of them across Western Canada and asking, “how can I help you run your business?”

Results revealed that financial planners had some key issues with existing planning tools on the market: data entry was a chore, creating and updating projections took too long, and a better reporting format was needed as most clients weren’t inclined to read 60-page reports created for them.

In addition to this, the financial planning industry is constantly changing with new legislation, fees and products being introduced which directly impact soon-to-be retirees the most. It was clear that consumers, and their planners, needed a better way to predict how a client structures his/her affairs in order to properly accumulate and de-accumulate wealth. With 10 million people in Canada aged 55 and over, it’s a market segment that cannot be ignored.

Snap Projections offers a way to help financial services professionals (financial planners, investment advisors, and portfolio managers) better help their clients plan for the future by ensuring they don’t run out of money in retirement, or are making use of tax-advantaged accounts, for example. Multiple scenarios can be mapped out (let’s say a client wants to retire early, or delay receiving Canadian Pension Plan and Old Age Security benefits), with results for these hypothetical futures appearing in an instant.

The product narrows the gap between the client and the advisor by getting the client more involved in the planning process: “Consumers need someone to help them along, and act as a coach, offering advice and feedback,” says Pawel.

Pawel designed Snap Projections’ software and recruited Michal Swidrak, Lead Developer, to implement it. Their teamwork resulted in a tool that planners and clients can sit down with and interactively make changes to a plan in real time. Pawel explains: “this way, planning can be done immediately, which has a profound impact on the business. The client is more engaged, becomes more educated, and appreciates more what the planner does for them. Client satisfaction goes up, and the planner can get more referrals.”

Pawel and Michal knew the idea would fly when they found advisors ready to purchase before the product was even launched.  After being in business for barely two years, Snap Projections is already boasting a high growth rate: over 20 per cent net growth per month. Additionally, the user interface has received a lot of accolades for its easy-to-use interface.

As TEC Centre tenants, Pawel and Michal agree that there is a lot of value to be gained from working in close proximity to the TEC Edmonton network as well as other companies in the same building: “The ‘hallway communications’ are very useful,” Pawel explains. “You can compare notes on hiring, and running things. It’s great value for any company.”

Snap Projections has a lot to be proud of in it’s short life – the company is moving ahead and growing its team at the same time. As it helps Canadians plan for their financial futures, it can be assured that its own future is bright.

Adam Chowaniec Award recognizes outstanding impact and legacy in Canadian Entrepreneurship

Edmonton, AB (November 30, 2016) – TEC Edmonton announced today that Dr. Randy Yatscoff, Executive Vice-President of Business Development, has been awarded the National Startup Canada Adam Chowaniec Lifetime Achievement Award. The award, only one of which is presented at the national level, recognizes an individual who has made a long-term impact on advancing an environment of entrepreneurial growth and success in Canada.

“I’m grateful for the incredible people and teams I’ve worked with over the years that made this possible,” said Randy. “This award is really about the people who come together to be bigger than the sum of their parts.”

“There is no more deserving person than Randy for this award,” says TEC Edmonton CEO Chris Lumb. “Randy brings passion, commitment, and action to everything he does, and it’s an honour to work with him. We and our clients are all richer from Randy’s presence, and this award recognizes his outstanding contributions to Canadian entrepreneurship.”

Dr. Yatscoff has worked with TEC Edmonton since 2008, initially as an Entrepreneur-in-Residence before becoming Executive Vice-President of Business Development in 2010. In his role at TEC, he oversees a team that serves over 80 startup companies per year.

During his time at TEC Edmonton, Randy has directly or indirectly helped to create 15 university spinoff companies like Metabolomic Technologies Inc. (MTI) and Tevosol, allowing research innovations to make a real-world impact. In addition to university-based companies, Randy has also mentored dozens of companies in the community.

Randy’s time at 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. In an earlier life, Randy was also an accomplished academic, a full professor and researcher at several Canadian universities. He remains an adjunct professor at the University of Alberta and holds more than 20 patents.

About TEC Edmonton
TEC Edmonton is a business accelerator that helps emerging technology companies grow successfully. As a joint venture of the University of Alberta and Edmonton Economic Development Corporation, TEC Edmonton operates the Edmonton region’s largest accelerator for early-stage technology companies, and also manages commercialization of University of Alberta technologies. TEC Edmonton delivers services in four areas: Business Development, Funding and Finance, Technology Management, and Entrepreneur Development. Since 2011, TEC clients have generated $680M in revenue, raised $350M in financing and funding, invested $200M in R&D, grown both revenue and employment by 25 per cent per year and now employ over 2,400 people in the region. In addition, TEC has assisted in the creation of 22 spinoff companies from the University of Alberta in the last four years.

TEC Edmonton was named the 4th best university business incubator in North America by the University Business Incubator (UBI) Global Index in 2015, and “Incubator of the Year” by Startup Canada in 2014. For more information, visit www.tecedmonton.com.

# # #

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

CSPC

 

On November 8, TEC Edmonton hosted a panel at the 8th annual Canadian Science Policy Conference in Ottawa entitled, “Fertile Ground: How incubators and accelerators drive innovation.” Moderated by TEC Edmonton CEO Chris Lumb, the pan-Canadian panelists represented research-intensive universities, incubators and accelerators, and spinoff companies. The panel focused on the increasingly critical role that accelerators and incubators play in advancing and building Canada’s science and innovation agenda.

The speakers were: Frank Béraud, Chief Executive Officer, Montréal InVivo; Helen Burt, Interim Vice-President Research and International, University of British Columbia; Michelle Miller, Director of Operations, Delta Genomics; Debbie Plouffe, Vice-President Research, Center for Aquaculture Technologies Canada; and Chris Plunkett, Director of External Relations, Communitech.

The value of bringing representatives from these different groups was demonstrated through the diverse presentations made by each panelist and the rich discussion, following the presentations, that ensued with the audience . Overall, it was agreed that successful innovation depends on researchers and support organizations having access to industry partners, business expertise, entrepreneurial talent, mentors and funding.

Below are more key takeaways from the panel discussion and audience feedback:

The importance of measurement

The value of measuring the outcomes and success of those indivdiuals/SMEs that engage incubators and accelerators was discussed.  It was noted that an incubator or accelerator’s metrics should be focused on a company’s success, but it is also important to be mindful of the incubator’s role in value creation.

Some metrics of note included TEC Edmonton’s observation that companies that export will grow 50 per cent more than those that don’t. As a result, measuring and predicting which companies have the potential to become exporters has become increasingly important, but remains a difficult metric to assess in a company’s early stages. Debbie Plouffe indicated that revenue, R&D investment and job creation are key metrics for The Center For Aquaculture Technologies Canada.

Access to resources and support is key for both innovators and incubators

Successful commercialization depends on researchers having access to resources such as industry partners, business expertise, entrepreneurial talent, mentors and funding. Building a Canada-wide network of mentors was suggested to increase access to mentorship. Additionally, it was suggested to include entrepreneurship and experiential learning in student programs by developing an undergraduate student entrepreneurship program, similar to NSERC’s Undergraduate Student Research Awards program to encourage entrepreneurship and innovation in the student population. As providers of mentorship and education opportunities for innovators, funding for incubators and accelerators was also recognized as an important aspect that needs to be taken into account when thinking long-term.

Support the whole innovation continuum

Some startups find that ongoing support tends to drop off after the company makes its first $1 million, and as a result, it needs to look for alternate sources. Two potential solutions to this problem involve establishing more flexible innovation and funding programs that cover the whole innovation process from start to finish, and ensuring that incubators and accelerators have the resources they need to support innovators beyond the growth phase.

Edmonton, AB (November 16, 2016) TEC Edmonton announced today that its annual VenturePrize competition is now open. This year marks the 15th anniversary of VenturePrize, Alberta’s premier business plan competition. TEC Edmonton invites companies province-wide to submit business plans in Health, Fast Growth, Student, and Information & Communications Technology streams.

“This is a very exciting year for VenturePrize,” says TEC Edmonton CEO Chris Lumb. “We look forward to offering the best of TEC Edmonton’s network of expertise to help Alberta companies achieve their goals.”

More than a competition, the road to the VenturePrize finals includes educational opportunities spread out over several months, involving a seminar series and personalized business coaching.

The month-long seminar series covers a wide variety of business, marketing and legal topics designed to help participants perfect their business plans and hone their pitching skills. Companies that are paired with mentors will also receive personalized expertise from seasoned entrepreneurs.

Interested companies can register for VenturePrize here. Past VenturePrize finalists and winners include Fitset, MagnetTx Oncology Solutions, Pogo CarShare, and Localize.

About TEC Edmonton

TEC Edmonton is a business accelerator that helps emerging technology companies grow successfully. As a joint venture of the University of Alberta and Edmonton Economic Development Corporation, TEC Edmonton operates the Edmonton region’s largest accelerator for early-stage technology companies, and also manages commercialization of University of Alberta technologies. TEC Edmonton delivers services in four areas: Business Development, Funding and Finance, Technology Management, and Entrepreneur Development.  Since 2011, TEC clients have generated $680M in revenue, raised $350M in financing and funding, invested $200M in R&D, grown both revenue and employment by 25 per cent per year and now employ over 2,400 people in the region. In addition, TEC has assisted in the creation of 22 spinoff companies from the University of Alberta in the last four years.

TEC Edmonton was named the 4th best university business incubator in North America by the University Business Incubator (UBI) Global Index in 2015, and “Incubator of the Year” by Startup Canada in 2014. For more information, visit www.tecedmonton.com.

# # #

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

This month, we’re checking in with past VenturePrize winners to see how their companies have changed since winning grand prizes in the Student, Fast Growth, Health and TELUS ICT streams. This week, we spoke to Hammad Jutt of TVCom (formerly known as Covet), winner of the 2016 TELUS ICT Stream.

TVCom

Imagine you’re watching your favourite TV show and a character appears on screen wearing something you have to have. How do you figure out where to find it? TVCom is now doing the internet hunting for you. Working with costume designers, fashion labels and TV shows, TVCom’s consumer technology is making it possible for the fashion-conscious consumer to buy designer clothes or fashion accessories worn by actors, right from the screen.

“It’s smart TV technology that makes watching TV more interactive and engaging,” explains TVCom co-founder Hammad Jutt. “While watching a show, a user will be able to pull out their phone and shop the fashion as they watch.”

The innovative technology landed the TVCom team the grand prize in the TELUS ICT stream of VenturePrize (TVCom was then known as Covet).

The TVCom founding team is made up of Qasim Rasi, President, Hammad Jutt, CEO, and Pavlo Malynin, Chief Technology Officer. Jutt and Malynin are both current University of Alberta students, studying Computer Engineering and Computer Science, respectively. Qasim got to know Jutt and Malynin during his time as Director of the University of Alberta entrepreneurship hub, or eHUB. Qasim had been working on TVCom since 2013, and approached the two students in 2015 to get involved in the venture.

Since their VenturePrize win, the team has been working with TELUS to test the technology on TELUS’s Optik TV System and was one of the first of three companies accepted into TEC Edmonton’s T-Squared Accelerator.

Overall, the TVCom team emphasized that the biggest benefit of the VenturePrize process was the feedback given at every step of the multi-stage process: “It helped us scrutinize the company and get answers to questions we didn’t have before,” says Jutt. “We were able to improve based on the feedback at every stage.”

Jutt pointed out that the team was able to use all the material and content provided throughout the process long after the competition ended. One piece of valuable feedback was the realization that TVCom’s product offerings don’t have to be limited to fashion, and its horizons can be broadened to home products or sports equipment. “It helped us build a stronger case for our business,” Jutt explains.

In the last year, TVCom has undergone some significant changes, one of the most notable being a name and branding change from Covet to TVCom.

In the months since they took home the top prize, the TVCom team worked closely with Shaheel Hooda, Program Director of the T-Squared Accelerator, and the Calgary-based TELUS Innovation Centre to improve both their business strategy and technology.

“It’s given us third party accountability,” says Jutt. “With Shaheel actively engaging us, we have a structure for how we run things and have a better plan moving forward. We get things done more efficiently now.”

The team meets with Shaheel weekly to discuss the work done so far, and plans to improve the company’s business moving forward.

Jutt was also quick to point out the benefits of working with a big player like TELUS: “Our whole team went to Calgary to meet with them, and it was a really cool opportunity,” says Jutt. “It’s nice to have an insider view of how everything works, and how we can fit into it. This was our first ‘in’ into the TV industry.”

In addition to the business training and presentation skills the team gained during the VenturePrize process, the TELUS ICT grand prize came with a financial boost that helped the company propel forward. “We were completely self-funded for the first couple years, so it was a huge help to have some cash to help with things we weren’t able to do before,” Jutt explains.

In-kind services and training offered during the process also contributed to TVCom’s success: “All the support offered to us was useful before the event, and continued being useful afterwards,” Jutt remembers.

Today, the TVCom team looks to the future as they work closely with TELUS to roll out their technology on TELUS’s Optik TV boxes. “Once the technology is integrated with TELUS Optik TV, we can link the data we already have into a standalone app, and it becomes more of an interactive experience,” explains Jutt.

An app that will allow users to browse products from TV shows is also preparing to be launched in late 2016.

From there, the team is looking to expand product offerings and move into makeup products by collaborating with more costume designers and makeup artists. Once this is in place, the team will look to expand once again into the world of home products and sports equipment.

It’s clear that the sky’s the limit for TVCom. We look forward to seeing what this company will do next in the ICT space! For more information on TVCom, check out their website here and VenturePrize finalist video here.

 

This month, we’re checking in with past VenturePrize winners to see how their companies have changed since winning the grand prize in the Student, Fast Growth, Health and TELUS ICT streams. This week, we spoke to Brad Murray, President and Dr. Gino Fallone, CEO of MagnetTx Oncology Solutions, winner of the 2016 DynaLife Dx Health prize, the debut year of the health stream.

MagnetTx

For cancer patients, undergoing the necessary, potentially life-saving treatments is a difficult enough process. Before even beginning radiation treatment, a patient must have an imaging appointment that determines the size and location of a tumour with CT and MRI scans before a second appointment is made to kill the tumour with radiation. The problem with this two-step process is that in the time between the two appointments, the tumour often moves around due to regular daily activities. This means the later radiation treatment can hit healthy tissues and cause problematic side effects.

The MagnetTx team has found a way to combine imaging and radiation treatment into one package with the Aurora RT™ machine. The technology, based on peer-reviewed research, allows radiation oncologists to zero in more precisely on the tumour itself, even as it shifts around, reducing unneeded radiation and improving cancer treatment outcomes.

The Alberta-based team took home the inaugural DynaLife Dx Health stream of the 2016 VenturePrize, but before they walked the stage to accept the grand prize, Gino Fallone and Brad Murray received help from TEC Edmonton to step up their pitch for the judges.

“The process was informative, and allowed us to develop and strengthen our pitch by getting feedback from different individuals,” says Brad Murray. He also described the panel of judges as being knowledgeable and helpful, contributing to the overall ease of the whole process.

Today, the MagnetTx team continues to work on the development of their product. Since the big win in April, MagnetTx has finalized a license agreement with Alberta Health Services and the University of Alberta, allowing the company to move toward commercializing the technology.

Brad describes the VenturePrize win as an important step in facilitating the company’s quest to gain the exclusive rights to the technology: “VenturePrize helped show us as a credible company, and validated us since our business plan had been reviewed by peers,” he explains.

The agreement also means that MagnetTx has exclusive rights to all patents involved in the technology. Of equal importance is that the agreement allowed the academic team members to remain within the company and continue to work on the product. “What could have been more complicated was made easier,” says Dr. Fallone.

Because MagnetTx now has full access to the intellectual property, the company can now seek major funding to further develop the technology. “At the time we won the prize, we didn’t have that in place and couldn’t go out looking for more capital,” explains Brad.

Although they enjoyed the full process, for Brad and Dr. Fallone, it’s easy to pinpoint the most memorable part of VenturePrize. “When we won,” laughs Brad.

With the win came the knowledge that MagnetTx has the honour of being the first company to win the Health stream that made its debut in the 2016 competition.

In addition to seeking financial support, MagnetTx needs regulatory clearance to use and sell the Aurora RT™(now a prototype) as an official medical device. Currently, they are preparing to file an application to Health Canada to obtain regulatory clearance. Once this is achieved, the team’s goal is for the machine to treat patients in hospitals around the world.

A version of the machine is currently being installed at the Cross Cancer Institute, and will be used to start treating patients ideally by the end of 2017.

Brad and Dr. Fallone recognize that the success of MagnetTx thus far wouldn’t be possible without the help of various agencies that contributed to the development of the technology: Alberta Cancer Foundation, Western Economic Diversification Canada, Alberta Advanced Education, and Alberta Innovates Health Solutions. Dr. Fallone explains: “50 peer-reviewed publications described the design of the system.”

Thank you to Brad Murray and Gino Fallone for speaking with us about their experience! For more information on MagnetTx, watch their VenturePrize finalist video here.

This month, we’re checking in with past VenturePrize winners to see how their companies have changed since winning the grand prize in the Student, Fast Growth, Health and TELUS ICT streams. This week, we spoke to Alex Villeneuve, founder of Ceres Solutions Ltd. and winner of the 2016 Student stream.

Ceres Solutions

Alex Villeneuve doesn’t mince any words when talking about his experience with Ceres Solutions: “Forming a company as a student has been one of the most rewarding and educational experiences of my life,” he says.

Alex’s venture, Ceres Solutions Ltd., has found a valuable use for what was previously a waste by-product from beer brewing by recycling the spent grain used by Alberta brewers. The grain is pasteurized, then inoculated with mushroom mycelium to break down leftover fibre, which produces enough nutritional biomass to yield protein-rich mushroom crops.

While going through the VenturePrize competition, Alex received business plan coaching through the VenturePrize seminar series, was paired with an experienced mentor entrepreneur, and learned effective presentation and pitching methods. He describes the preparation process and competition day as an unforgettable experience:

“The VenturePrize competition encouraged me to think creatively, practice my pitching skills and most importantly, pushed me to take my business plan to the next level. I knew the competition would be tough, and that encouraged me to consult with industry experts, find potential clients, and create goals for the development of the company and a solid way to achieve them. All of these factors were incorporated into my business plan, which has proven to be very useful in many aspects of day-to-day business, even after the competition.”

Alex pointed out that the time spent preparing and practicing his pitch provided valuable tools that have applied to other public speaking opportunities, media interviews, business trips, and even approaching potential clients.

Ceres Solutions was originally formed as a way for Alex to combine his diverse interests in brewing, sustainability, and culinary arts.

Before Alex even realized, he had been laying the groundwork of his company since high school: “I became heavily involved with the school’s aquaponic tilapia farm, community garden, and rooftop greenhouse. During this time I experimented with growing oyster mushrooms for the community garden’s soil enhancement and for use in the school’s culinary arts program,” explains Alex.

“I had always been interested in the fermentation of wine, beer, mead, soda and kombucha. I would often use herbs and spices from the community gardens and aquaponics systems to make locally-inspired drinks. One chef encouraged me to enter Edmonton’s first annual winter drink competition. I used ginger and herbs grown in the school’s rooftop greenhouse to create a ginger beer, and ended up winning the competition. It was here I met brewmasters and chefs who encouraged me to follow my dream to make a career of culinary art and brewing.”

Alex enrolled in the Olds College Brewmaster and Brewery Operations Management program in 2015, and during the first shift in the school’s brewery he noticed that the spent grains were difficult to dispose of. It was during this time that he learned ways of producing food from grains that would otherwise become waste: “The experiences and mistakes I made during these projects all contributed to me incorporating Ceres Solutions Ltd,” he explains.

Since winning the VenturePrize Student stream less than one year ago, Alex describes his company as having gone through tremendous changes. “Ceres has made progress on increasing the crude protein content of the grain, which can be largely attributed to the funds put towards necessary tools and ingredients used in our seed stock cultivation process,” Alex says.

“TEC’s award has allowed me to invest in some of the best equipment to ensure the product’s continued success. Because of these investments, I have recently had success growing mushrooms from wasted brewer’s grain in less than two weeks, which is less than half the time I recorded before the microclimate upgrades were made.”

For participating companies, the VenturePrize competition process takes several months from start to finish. During this time, entrepreneurs refine their business plans and pitches based on mentor feedback as well as insights gained from the month-long seminar series. Alex remembers that the whole process came with valuable insights, but certain aspects stood out specifically: “The most memorable part of the competition was speaking to and learning from the competitors both in my stream and in other categories,” Alex explains. “Each company approached the competition in a completely different way and brought unique expertise and a distinct idea to the table.”

“I was truly inspired by each and every one of the competitors and how they approached innovation. The VenturePrize competition brought out the best in each person who participated.”

Alex looks back on presenting his business plan to the judges as another valuable aspect of the competition: “The judges asked some excellent questions about the ideas and information, as well as the company’s expansion plan and finances.” He emphasized that this process encouraged him to be a critical thinker, and to demonstrate knowledge of his company’s business model.

So what’s next for Ceres Solutions? Alex is using a portion of the prize to purchase equipment, and has been researching the best ways to increase production. He will also consult with local brewers and farmers to determine mutually beneficial arrangements.

“Given the leaps and bounds in product development my company has undergone since winning the VenturePrize competition, I can only imagine what the future holds. My small company was given an incredible opportunity to progress at a rate that I never thought possible.”

Thank you to Alex for speaking with us! Stay tuned for interviews with other VenturePrize winners later this month.

New director a champion of “entrepreneurs for entrepreneurs” approach to business education

Edmonton, AB (November 1, 2016) – TEC Edmonton announced today the appointment of Lan Tan as its new Director of Entrepreneur Development. Lan has been with TEC Edmonton for six years on the Business Development team, and brings over 10 years of experience working with entrepreneurs and startup companies to her new role.

Coming from an entrepreneurial family, Lan began her career in international business as a liaison between industries importing and exporting to Europe and China.

“I believe in a hands-on, roll up your sleeves and work type of approach,” says Lan of her new role. “I’m looking forward to developing programs that will impart knowledge and tools for entrepreneurs to utilize.”

TEC Edmonton’s “entrepreneurs for entrepreneurs” approach Lan is facilitating comes from her experience as an entrepreneur herself who learned from watching others. Lan will partner with other Edmonton business service providers to create programs that facilitate formal sharing and learning amongst Edmonton entrepreneurs.

“Lan’s contagious enthusiasm and passion for helping entrepreneurs succeed has set her apart, and the Entrepreneur Development program will no doubt thrive under her direction,” said TEC Edmonton CEO Chris Lumb.

Part of Lan’s role will also be to oversee the TEC Edmonton accelerator space (opening early 2017) on the main floor of TEC Edmonton’s home in Enterprise Square, and to design industry-supported acceleration programs for early-stage technology companies.

Lan

About TEC Edmonton

TEC Edmonton is a business accelerator that helps emerging technology companies grow successfully. As a joint venture of the University of Alberta and Edmonton Economic Development Corporation, TEC Edmonton operates the Edmonton region’s largest accelerator for early-stage technology companies, and also manages commercialization of University of Alberta technologies. TEC Edmonton delivers services in four areas: Business Development, Funding and Finance, Technology Management, and Entrepreneur Development.  Since 2011, TEC clients have generated $680M in revenue, raised $350M in financing and funding, invested $200M in R&D, grown both revenue and employment by 25 per cent per year and now employ over 2,400 people in the region. In addition, TEC has assisted in the creation of 22 spinoff companies from the University of Alberta in the last four years.

TEC Edmonton was named the 4th best university business incubator in North America by the University Business Incubator (UBI) Global Index in 2015, and “Incubator of the Year” by Startup Canada in 2014. For more information, visit www.tecedmonton.com.

# # #

Media Contact:

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

Edmonton, AB – October 26, 2016 – TEC Edmonton announced today its acceptance of two additional early-stage information technology companies to its T-Squared Accelerator program.

Sensor Up, founded by Dr. Steve Liang, Associate professor of Geomatics Engineering at the University of Calgary, provides an open standard platform for connectivity to and between Internet of Things (IoT) devices, data, and analytics over the Web.

“We are excited that SensorUp has been chosen to join the T-Squared Accelerator. More importantly, it’s great to know that TEC Edmonton and TELUS share the same vision for SensorUp, which is building the Internet of Things with open standards,” says Steve Liang, Founder and CEO of SensorUp. “I’m confident that this partnership will pave a quick path for our growth and establish SensorUp as a leading Internet of Things platform.”

TVCom is developing an e-Commerce platform that connects TV viewers to real-time and context relevant fashion, merchandise and supplemental content. The company was also the 2016 TEC VenturePrize TELUS ICT Stream Winner earlier this year.

“Much of what we have accomplished so far is intimately linked to TEC Edmonton’s support of our project from the start,” said TVCom CTO and University of Alberta Computer Science student Pavlo Malynin. “We take tremendous pride in knowing that we have some of Alberta’s finest experts supporting our technology.”

“Sensor Up and TVCom are both very exciting Alberta-based companies building globally relevant and scalable platforms. We look forward to working closely with them over the next 12 months to rapidly accelerate their progress,” stated Shaheel Hooda, Program Director of the T-Squared Accelerator program and Executive in Residence at TEC Edmonton.

The T-Squared Accelerator is a collaboration between TEC Edmonton and TELUS that provides promising early-stage information and communications technology (ICT) companies with 12 months of free incubation space and support in Edmonton’s Enterprise Square, along with seed funding and expert mentorship from TELUS and TEC Edmonton to advance their business. For more information, visit www.tecedmonton.com/t-squared-accelerator.

About TEC Edmonton

TEC Edmonton is a business accelerator that helps emerging technology companies grow successfully. As a joint venture of the University of Alberta and Edmonton Economic Development Corporation, TEC Edmonton operates the Edmonton region’s largest accelerator for early-stage technology companies, and also manages commercialization of University of Alberta technologies. TEC Edmonton delivers services in four areas: Business Development, Funding and Finance, Technology Management, and Entrepreneur Development.  Since 2011, TEC clients have generated $680M in revenue, raised $350M in financing and funding, invested $200M in R&D, grown both revenue and employment by 25 per cent per year and now employ over 2,400 people in the region. In addition, TEC has assisted in the creation of 22 spinoff companies from the University of Alberta in the last four years.

TEC Edmonton was named the 4th best university business incubator in North America by the University Business Incubator (UBI) Global Index in 2015, and “Incubator of the Year” by Startup Canada in 2014. For more information, visit www.tecedmonton.com.

# # #

TEC Edmonton Media Contact:

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

Posted: Nov 5, 2018

Novel F-18 Beta-Hydroxybutyric Acid Radiotracers for PET Imaging

Description Researchers at the University of Alberta have synthesized novel beta-hydroxybutyric acid radiotracers for PET imaging using a 3 step radiosynthetic process. The compounds are designed to serve as radiofluorinated......


Posted: Nov 5, 2018

A Novel Method for CryoPreservation of Cells in Monolayers

Description Researchers at the University of Alberta have developed a novel method to cryopreserve cells while adhered in a monolayer configuration. This method can preserve cells on a substrate and......


Posted: Oct 30, 2018

Train-Triggered Alert System for Conditioning and Warning Wildlife

Description Researchers at the University of Alberta have developed a novel, inexpensive, and compact system to alert wildlife to approaching trains, increasing the time available to avoid a collision. Rail-caused......


Posted: Oct 19, 2018

New Topical Therapy for Melanoma

Description Dr. Afsaneh Lavasanifar and collaborators have developed a PCBCL–b-PEG-b-PCBCL (PolyGelTM) hydrogel formulation of silibinin which provides enhanced skin permeabiity and delayed release of silibinin under physiological conditions. In vitro......


Posted: Aug 2, 2018

Novel FOXM-1 inhibitors for diagnosis and treatment of cancer

Description Researchers at the University of Alberta are utilizing their new insights into the mechanism of action of FOXM-1 inhibitors to design first in class oncology drugs targeting FOXM-1 protein.......


Posted: Aug 2, 2018

Novel SERS-Based Biosensing platform for prostate cancer

Description Researchers at the University of Alberta have developed biogenic silver nanoparticles which can be used as plasmonic labels for enhanced spectroscopy applications. The nanoparticles can be modified with Raman......


Posted: Mar 29, 2018

Hand-Held Device and Computer-Implemented Steering of a Percutaneously Inserted Needle

Description Dr. Mahdi Tavakoli and his team at the University of Alberta have developed a novel hand-held device and methods to enable real-time assisted steering of percutaneously inserted needles, such as......


Posted: Mar 20, 2018

Novel Radiation-Responsive Nanoparticles for Biomedical Applications

Description Researchers at the University of Alberta in collaboration with Lakehead University have developed novel radiation-responsive block polymers for drug delivery. The nanoparticles are modified poly-L-glutamic acid (m-PGA) polymers which......


Posted: Mar 13, 2018

Flow Cytometry Sensing Using Diffracted Orders of a Grating

Description Flow cytometry is a useful tool that employed in diagnoses of various blood diseases, basic research, clinical trials or even as a “cell sorter” instrument. Currently, flow cytometry involves......


Posted: Mar 13, 2018

Off-Axis Spiral Phase Mirrors To Create Vortex Beams

Description There has been an increased interest in taking advantage of the orbital angular momentum properties of light via helical wavefronts for various applications in manufacturing, imaging, and communications. By......


Posted: Mar 6, 2018

Allyl Monomers And Polymers From Glycerol

Description In recent years, with the rapid expansion in biodiesel production, the biodiesel industry is facing the dilemma, on the one hand, of how to meet an ever-growing biofuel demand,......


Posted: Jan 19, 2018

Biobased Phosphorus Containing Polyol With Fire-Retardant Properties

Description Vegetable oil based polyols have been successfully commercialized and utilized in polyurethane production, such as for automotive or building applications. One of the problems with using biobased polyurethane foams......