New Executive Vice-President of Business Development and Director of MerckInvents@ TEC Edmonton also announced

Edmonton, AB (April 24, 2018) – This month, TEC Edmonton welcomes Wayne Karpoff as the new Chair of TEC Edmonton’s Board of Directors. A TEC Edmonton board member since 2006, Wayne is a longtime leader in Edmonton’s business community and is the President and CEO of Willowglen Systems, an Edmonton-based company that develops automation solutions for many industries worldwide, including oil & gas, power, transportation and water.

Wayne has over 30 years of corporate experience as an entrepreneur in the advanced technology sector and a long track record of building businesses to become technology leaders. Before becoming CEO of Willowglen, Wayne founded the Edmonton-based data storage startup YottaYotta, which was acquired by EMC (now DELLEMC) to create the VPLex product line. Prior to founding YottaYotta, Wayne joined the technology startup Myrias Research Corporation, a Canadian supercomputer entry where he took the company out of receivership and ran it as president. Wayne has significant management experience in all aspects of creating high-growth technology companies.

“Wayne is a strong believer that entrepreneurialism includes developing and supporting the community,” said TEC Edmonton CEO Chris Lumb. “Nothing demonstrates this more than his service to TEC Edmonton as a founding board member and now board chair. Wayne is a motivating force to those around him and TEC Edmonton will surely benefit from his leadership.”

Additional staff announcements:

  • Darrell Petras, Executive Vice-President of Business Development. Through strategic partnerships and a team of experienced entrepreneurial advisors, Darrell is responsible for pursuing business development and commercialization opportunities so companies can grow their businesses successfully.
  • Ryan Heit, Director, Merck Invention Accelerator. Ryan will lead this inaugural program and collaboration between TEC Edmonton and Merck Research Labs. The business accelerator aims to advance the success of emerging health technologies to save and improve lives globally.

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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 Corporation, TEC Edmonton operates the Edmonton region’s largest accelerator for early-stage technology companies and 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 $915M in revenue, raised $444M in financing and funding, invested 246M in R&D, and grown both revenue and employment by 20 per cent per year and now employ over 1,900 people in the region. TEC has assisted in the creation of 27 spin-off companies from the University of Alberta in the last six 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.