Posted: June 23, 2015
Edmonton, AB – June 23, 2015 – TEC Edmonton is pleased to announce the appointment of two most distinguished Albertans, Dave Hancock and Kristina Williams, to the TEC Edmonton Board of Directors.
Through his 18 years as a member of the Legislative Assembly of Alberta and as a cabinet minister, former Alberta Premier Dave Hancock never ceased to champion technology, innovation, research and education.
Dave developed the provincial 20-year strategic plan that called for unleashing innovation, among other initiatives. As minister of innovation and advanced education, he collaborated with many sector leaders to commercialize initiatives from traditional industries like oil & gas, forestry and agriculture, as well as IT, biosciences and life sciences.
Now counsel to the law firm Dentons Canada LLP, Dave continues to engage and advance opportunities in innovation and technology.
“I am excited to join TEC Edmonton,” says Hancock. “It’s one of Canada’s leading business incubators with a great innovation network. The TEC Edmonton partnership provides a hand up for entrepreneurs and inventors, making our knowledge economy possible. I hope my passion for the innovation sector and my experience will add value to the TEC Edmonton board and its clients.”
Kristina Williams is President and Chief Executive Officer of Alberta Enterprise Corporation (AEC). She oversees the $100 million Alberta Enterprise Fund, set up by the Government of Alberta in 2008 to invest in venture capital funds that, in turn, finance early-stage technology companies.
AEC has invested in eight such venture capital funds plus the province’s Accelerate Fund and an angel co-investment fund.
Prior to joining Alberta Enterprise, Kristina worked for several technology companies. Her responsibilities have spanned legal, regulatory, international and new business development, corporate strategic planning, intellectual property management plus marketing and sales.
Kristina holds an MBA from the University of Alberta, a Master of Laws from the University of Uppsala, and accreditation for the Venture Capital Executive Program from the University of California, Berkeley – Walter A. Haas School of Business. She is also Honorary Consul for Sweden in Northern Alberta.
“I am honoured to join the TEC Edmonton Board,” says Williams. “TEC Edmonton is an integral part of Alberta’s early startup value chain. By grooming young entrepreneurial companies for growth, business expansion and investment, TEC Edmonton feeds those companies into the venture capital value chain that Alberta Enterprise continues to build.”
“I am pleased to have two such outstanding people joint the TEC Edmonton Board,” says TEC Edmonton CEO Chris Lumb. “Edmonton is fast becoming recognized as one of Canada’s leading technology entrepreneurship regions, and the addition of Dave and Kristin to our board will further strengthen this reputation.”
ABOUT TEC EDMONTON
TEC Edmonton helps technology entrepreneurs accelerate their growth. In addition to being the commercialization agent for University of Alberta technologies, TEC Edmonton operates Greater Edmonton’s largest accelerator for early stage technology companies, including both university spinoffs and companies from the broader community.
TEC provides client services in four broad areas: Business development, funding and finance, technology commercialization and entrepreneur development.
TEC’s ~125 active clients are an outstanding group of companies. Since 2011, TEC clients have generated $310M in revenue, raised $160M in financing and funding, invested $85M in R&D, grown both revenue and employment by 25% per year and now employ over 1800 people in the region. In addition, TEC has assisted in the creation of 14 spinoffs from the University in the last three years.
In 2014, TEC Edmonton was identified by the Swedish University Business Incubator (UBI) Index as the 10th best university business incubator in the world, and was also named Canadian “Incubator of the Year” at the 2014 Startup Canada Awards.