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: 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......