We all know that being an entrepreneur can be isolating. How do you know if your business is on the right track – should you pivot, keep going or change direction altogether? Sometimes you just need a second (or third) opinion on your next move.

This is where an action plan comes in handy: a short blueprint that maps out where you stand, what you need help to achieve, and what your next steps should be. For your company, this might mean finding financing, launching a product or protecting your intellectual property. Our in-house experts create completely free action plans that can:

  • Help develop a clear plan for how to advance your business
  • Provide clarity around how we can help beyond that
  • Tell you how other service providers in the region can help.

To get your own action plan, start by contacting us. You’ll receive an initial assessment and if you meet the criteria, you’ll be assigned to an Executive in Residence or Technology Management Officer who will work with you to develop your personalized action plan.

Once you get your action plan, we’ll ask you to provide us with feedback to improve the process. From there, we’ll either wish you much success on your entrepreneurial path, continue to work with you, or refer you to one of our innovation service providers. So – how can we help?

 

Royal Canadian Cannabis (RCC) is on a mission to produce Canada’s best marijuana. The small, craft cannabis company has a plan to produce differentiated, high-grade medical marijuana and required business and production capacity. The founders knew they had a quality initiative, but needed help reaching their next big milestone.

RCC approached TEC Edmonton for help with establishing a corporate and governance structure, executive leadership and access to funding, in addition to input on the location, design and build of a new production facility.

TEC Edmonton Executive in Residence Jake Burlet was assigned to the case based on his experience with corporate turnarounds, corporate directorships, and track record of leading successful startups. Jake implemented his tried and true four-pronged approach for creating successful businesses:

  1. People
  2. Strategy
  3. Execution
  4. Cash

By strengthening these four areas, Jake helped Royal Canadian Cannabis build a credible, rock-solid leadership team that raised over $400,000 of “friends and family” financing in 30 days. This allowed the company to:

  • Acquire land for a new pharmaceutical-grade production facility in Barrhead, Alberta
  • Set the stage for institutional financing and,
  • Establish a target for construction scheduled to start in late 2018.

Want to know how our experts can help your business? Connect with us!

Posted: Jun 14, 2019

A Point-of-Care Diagnostic Tool to Replace Chest X-Ray for the Diagnosis of Childhood Pneumonia

Description University of Alberta researchers have discovered a novel set of biomarkers which can be used to diagnose pneumonia in children. The biomarkers include chitinase-3-like-1 (CHI3L1), lipocalin-2 (LCN-2), C-reactive protein......


Posted: Jun 14, 2019

Novel Cell Isolation Method for Bio-engineering Artificial Cartilage

Description University of Alberta researchers have developed a new method to isolate cells from knee joint (meniscus). The isolated cells are non-contractile in nature and do not form scar tissue.......


Posted: Jun 13, 2019

Novel Composite Monolith as a New Solid Phase Extraction Material for Environmental Analysis

Description University of Alberta researchers have developed a new material of a composite silica monolith nested in sponge (SiMNS) for solid phase extraction. The application of the new SiMNS material......


Posted: May 21, 2019

Self Assembling Peptide for Activating Human Mast Cells

Description Researchers at the University of Alberta have developed a novel biomaterial that can activate the body’s own innate immune response and accelerate the wound healing process. This technology may......


Posted: May 21, 2019

An Innocuous Structured Scaffold for Prion Disease Vaccines and Antigens

Description Researchers at the University of Alberta, led by Dr. Holger Wille, have developed a novel strategy for the creation of vaccines and specific antigens for prion protein diseases. Applying......


Posted: May 21, 2019

Spine Mounted Stereotactic System

Description Demonstration of stereotactic setup. An example of a commercially-available micromanipulator is shown. The setup can accommodate any micromanipulator design. Dr. Vivian Mushahwar and her team have developed an image-guided......


Posted: May 15, 2019

Method for the Production of Z-Olefins from 1,3-Dienes

Description Dr. Rylan Lundgren has developed a process for formate-mediated production of Z-olefins (also referred to as cis-alkenes) in the presence of a rhodium-based catalyst. The process is highly selective......


Posted: Apr 3, 2019

A Novel Method to Produce Pitched Kefir for Reducing Cholesterol

Description Researchers at the University of Alberta and TEAGASC have jointly developed a pitched-based method to produce kefir (a fermented milk beverage) that when consumed reduces blood cholesterol levels. The......


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......