This is a story from our 2017/18 annual report. Read more stories from the annual report here.

ClickDishes is a social food-ordering app that allows people to order and pay ahead at hundreds of quick-service restaurants. A participant in the TEC Launch Program, ClickDishes moved into the TEC Innovation District in 2017. One of TEC Edmonton’s executives in residence helped the company with structuring sales pitches and marketing, as well as creating valuable connections through the TEC Edmonton – TusStar Accelerator Exchange. Through this program, ClickDishes will go to China to seek funding opportunities. Since the company started working with TEC Edmonton, it has nearly doubled its sales month over month and is focusing on expanding its market beyond Edmonton, Vancouver and Calgary.

Learn more and download the ClickDishes app: clickdishes.com

 

We’ve all done it⎯registered for a website by linking to one of our social media accounts. With the click of a button, we’re instantly logged in – and we don’t even need to remember our username or password. The company behind this brilliant idea is LoginRadius, a business with Edmonton roots that simplifies the login process.

It all started in 2012 when founders Rakesh Soni and Deepak Gupta tried launching a different start-up idea. Despite attracting a significant amount of website visitors, they noticed very few visitors converted to paying customers. They were stumped. It turns out that users weren’t willing to spend a few minutes filling out the sign up form⎯and they weren’t the only business facing that problem.

In late 2012, Rakesh and Deepak reached out to TEC Edmonton for one-on-one coaching to grow their idea. With extensive software expertise, executive in residence Shaheel Hooda took an early interest in the company and started supporting the founders through:

  1. Business model development
  2. Hiring strategies
  3. Funding opportunities (IRAP, Alberta Innovates, & A100)
  4. Finding office space

After only a few months, the company fast tracked its growth:

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To date, Rakesh and Deepak raised nearly $20 million through multiple financing rounds and have customers in over 180 countries. With tens of millions of daily end users, some of the biggest enterprises in the world rely on LoginRadius to power their login process.

So what can we expect to see next from this promising company? The founders plan to double their team in the next 12 months and multiply the value of their company 5+ times from current valuation.

Our experts at TEC Edmonton can help you find financing, too. Connect with us!

On average, 58 Canadian men are diagnosed with prostate cancer every day. The biopsy process is often lengthy, expensive and invasive – and that’s before the cancer treatment even begins. Instead of 12 painful needles through the prostate, Nanostics Inc. created a test that requires only a few drops of the patients’ blood. That’s it.

Using a liquid biopsy platform, nanotechnology and machine learning, Nanostics’ first tool ClarityDX Prostate™ detects aggressive prostate cancer, which accurately identifies which men actually need a biopsy. Once implemented, ClarityDX Prostate™ has the potential to eliminate up to 600,000 unnecessary biopsies, 24,000 hospitalizations and reduce 50 per cent of unnecessary treatments in North America alone. Additionally, ClarityDX Prostate™ is less than a quarter of the cost of other biopsy tests currently on the market.

With a groundbreaking product that could change the medical world, founders John Lewis, Robert Paproski, Desmond Pink and Catalina Vasquez knew they needed help getting their business off the ground. Being affiliated with the University of Alberta, they reached out to TEC Edmonton in 2017 to join the Health Accelerator program.

Executive in residence (EIR) Colin Coros quickly stepped up to the plate. After an initial assessment, it was clear the young company needed assistance in four key areas:

  1. Business plan development
  2. Financing support
  3. Hiring strategies
  4. Regulatory advice

From there, Colin used his resources on our Business Development team for added support. With a full team in tow, Nanostics soon had a new and improved business plan which led to pitches with investors and raised capital. Shortly after, the founders grew their team to eight people, including EIR Colin Coros as their Chief Commercialization Officer.

So what’s next for this promising company? ClarityDX Prostate™ is currently in clinical trials and is set to drastically improve the standard of care for prostate cancer. Keep an eye out for Nanostics as it’s on track to reach sales in excess of $100 million in the next five to seven years.

Are you a University of Alberta spin-off company and need some help getting your foot in the door? Connect with us.

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