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Edmonton, AB, Canada (January 16, 2019). Effective June 30, 2019, Chris Lumb will resign as the chief executive officer of TEC Edmonton, a joint venture between the University of Alberta (UAlberta) and Edmonton Economic Development (EEDC). Since December 2009, Lumb has led the not-for-profit that accelerates emerging technology companies and commercializes UAlberta research into business opportunities.

“On behalf of the board, we thank Chris for his tremendous work leading the TEC Edmonton team and being an instrumental force in developing Edmonton as a leader in innovation and entrepreneurship,” said Wayne Karpoff, chair, TEC Edmonton board of directors. “Over the last decade, we’ve been fortunate to have Chris’s expertise, determination and passion. The growth we’ve seen over the last several years is very much in part due to Chris. We wish him the best in the next chapter of his journey.”

“On behalf of the University of Alberta, I thank Chris for his leadership. He helped TEC Edmonton grow into one of the world’s top university-linked accelerators,” says Dr. Matthias Ruth, Vice-President Research, University of Alberta. “Under Chris’s tenure, hundreds of research-driven technologies were licensed and over 110 university spin-off companies were created to commercialize research discoveries. We wish him luck in his next chapter.”

“Through his leadership at TEC Edmonton, Chris has made many contributions to the success of entrepreneurs,” says Cheryll Watson, VP of Innovate Edmonton. “I’d like to sincerely thank him for his contributions to Edmonton.”

Over the next few months, Lumb is committed to focusing on TEC’s strategic positioning, program offerings and community partnerships. TEC Edmonton’s board of directors will initiate an executive search for Lumb’s successor in the coming weeks.

“After nearly ten years with TEC Edmonton, I decided this was the right time to step down and bring a new perspective to the organization,” said Chris Lumb, CEO, TEC Edmonton. “With outstanding staff and management, a strong culture and excellent client outcomes, TEC will continue to do outstanding work helping to grow emerging technology companies in the community.”

After June 30, Lumb plans to continue working directly with Edmonton-based entrepreneurial ventures and in research commercialization.

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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, TEC Edmonton operates the Edmonton region’s largest accelerator for early-stage technology companies and manages commercialization of University of Alberta technologies.

Since 2011, TEC clients have generated over $1 billion in revenue, raised $504M in financing and funding, invested $278M in R&D, and grown both revenue and employment by 37 per cent per year and now employ over 2,200 people in the region. TEC has assisted in the creation of 37 spin-off companies from the University of Alberta in the last seven years.

TEC Edmonton was named the 3rd best University Business Accelerator in the world by the University Business Incubator (UBI) Global Index in 2018. For more information, visit TECEdmonton.com.

For more information, contact:
Jennifer Sheehan
Director, Communications and Marketing, TEC Edmonton
jennifer.sheehan@tecedmonton.com
P: 780-492-0707
C: 587-920-8172