The annual British Columbia Innovation Council-New Ventures Competition is challenging BC’s top emerging tech entrepreneurs to bring their big ideas to the table.
In hopes of transforming early stage innovations into lucrative ventures, competing companies will be given exposure, mentorship, and a chance at $300,000 in cash and prizes.
“The BCIC-New Ventures competition gives the entrants access to education, funding and a robust mentorship program that is unparalleled in any other startup competition in BC,” said New Ventures BC Program Manager, Angie Schick.
It’s the 15th year of the competition. Rocket Builders’ 13th annual Ready to Rocket lists, an annual compilation of fast-growing BC companies on track for significant venture capital investment or acquisition, featured 34 competition alumni.
2012 winner MediaCore is one of many success stories. The Victoria-based digital video company was recognized as one of the World’s Top 10 Most Innovative Companies in Digital Video by Fast Company in 2013 and recently closed $4.5 million in Series A financing led by Vanedge Capital.
The competition, a four-round process judged by a lineup of tech sector veterans, will see competitors take their ideas from inception to venture plan, all while vying to make it to the finale.
BCIC-New Ventures Competition alumni have generated over 3,300 jobs for British Columbians and raised over $200 million in investment financing since 2001.
Prizes for this year’s competition include:
- $100,000 BCIC First Prize Package
- $55,000 BCIC Second Prize Package
- $37,000 BCIC Third Prize Package
Entrepreneurs are invited to enter their startup into the BCIC-New Ventures Competition until the application deadline of April 14, 2015.