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01Edmonton, AB – December 4, 2015 – TEC Edmonton is pleased to announce that its nominee Tom Fath has been named Startup Canada’s 2015 Senior Entrepreneur of the Year.

As president of The Fath Group – with six companies under its umbrella, including O’Hanlon Paving – Tom has been an entrepreneur, risk-taker and innovator most of his adult life.

Fath has been a major angel investor in Edmonton’s technology sector for some seven years. Angel investors are frequently the first investors in promising but still high-risk startup companies. Some of the companies in which Fath has equity positions include Exciton Technologies, MTI Metabolomic Technologies Inc., VibeDx, Radient Technologies, Quantum Silicon, Bertech, Picomole, Conematic and ProMIS Neurosciences.

“Tom Fath has founded and invested in numerous companies,” says Dr. Randy Yatscoff, TEC Edmonton Executive Vice-President of Business Development. “Tom has been integral in supporting innovation and diversification within Edmonton and Alberta.”

“I like things that are different,” says Tom. “It’s good for Alberta to have footloose and fancy-free companies. I like learning about their new technologies. I get excited by their market potential. I’m not a hunter, so this is my thrill of the chase.”

His belief in social enterprise led to starting a professional outdoor soccer team, FC Edmonton, a member of the North American Soccer League. “It’s a good way to give back,” says Fath. “It’s great for the community. If FC Edmonton ever makes money, it’ll go into the community.”

At 65, Fath is as interested and curious as ever about commercializing new technologies and supporting economic development in his hometown. “I support good products that start locally, where the entrepreneur wants to grow the company and keep it here. Supporting these folks is good business.”

Fath is part of TEC Edmonton’s TEC Venture Angels investment group, a group of high-worth individuals looking at angel investments in technology-driven startup companies. Since April 1, 2015, The TEC Venture Angels/VA network has secured $8.6 million of investment in 19 companies. TEC Venture Angels has held three public and eight private forums showcasing over 40 companies deemed investment-worthy by TEC Edmonton.

For further information, or interviews please contact Tom Fath directly at 780-434-8555 or tomfath@ohanlonpaving.com

For information about TEC Edmonton and TEC Venture Angels, please contact Chris Lumb, CEO, TEC Edmonton, 780-492-8318, chris.lumb@www.tecedmonton.com

 

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 ~128 active clients are an outstanding group of companies. Since 2011, TEC clients have generated $472M in revenue, raised $232M in financing and funding, invested $142M in R&D, grown employment by 25% per year and now employ over 1750 people in the region. In addition, TEC has assisted in the creation of 22 spinoffs from the University in the last five years.

In 2015, TEC Edmonton was identified by the Swedish University Business Incubator (UBI) Index as the 16th best university business incubator in the world, and was also named Canadian “Incubator of the Year” at the 2014 Startup Canada Awards.

For more information, visit www.tecedmonton.com

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