Posted: November 16, 2016
Edmonton, AB (November 16, 2016) TEC Edmonton announced today that its annual VenturePrize competition is now open. This year marks the 15th anniversary of VenturePrize, Alberta’s premier business plan competition. TEC Edmonton invites companies province-wide to submit business plans in Health, Fast Growth, Student, and Information & Communications Technology streams.
“This is a very exciting year for VenturePrize,” says TEC Edmonton CEO Chris Lumb. “We look forward to offering the best of TEC Edmonton’s network of expertise to help Alberta companies achieve their goals.”
More than a competition, the road to the VenturePrize finals includes educational opportunities spread out over several months, involving a seminar series and personalized business coaching.
The month-long seminar series covers a wide variety of business, marketing and legal topics designed to help participants perfect their business plans and hone their pitching skills. Companies that are paired with mentors will also receive personalized expertise from seasoned entrepreneurs.
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 Corporation, TEC Edmonton operates the Edmonton region’s largest accelerator for early-stage technology companies, and also manages commercialization of University of Alberta technologies. TEC Edmonton delivers services in four areas: Business Development, Funding and Finance, Technology Management, and Entrepreneur Development. Since 2011, TEC clients have generated $680M in revenue, raised $350M in financing and funding, invested $200M in R&D, grown both revenue and employment by 25 per cent per year and now employ over 2,400 people in the region. In addition, TEC has assisted in the creation of 22 spinoff companies from the University of Alberta in the last four years.
TEC Edmonton was named the 4th best university business incubator in North America by the University Business Incubator (UBI) Global Index in 2015, and “Incubator of the Year” by Startup Canada in 2014. For more information, visit www.tecedmonton.com.
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Director, Communications & Marketing