Paula Parker posted an articleFinance your SR&ED tax credits with a Capital-as-a-Service platform. see more
Source: Easly May 21, 2020
"Easly has been very good to us. They give us financial options at a rate and frequency that small technology companies absolutely need. And it's not about survival. It's about strategy."
Dom Kwong, Co-Founder and CTO, Damon Motorcycles
Damon Motorcycles kicked off 2020 in a big way. They were the recipient of this year's Innovation Award at the CES (Consumer Electronics Show) 2020 in Las Vegas. As Dom recalls it, "We had a big debut at CES… I still can't describe the success". Receiving that award helped propel the British Columbia based manufacturer of fully-electric, smart motorcycles into the spotlight, garnering hundreds of pre-orders for its products. With all the innovation happening at Damon Motorcycles, Dom recognized that "everything that we do qualifies (for SR&ED) because it's never been done before." That made Easly's SR&ED backed financing an attractive option for Damon Motorcycles.
For those unfamiliar with the SR&ED (Scientific Research & Experimental Development) Program, it's a tax incentive program administered across Canada to help ease the financial burden businesses face while conducting R&D. While this program is an excellent source of capital that many Canadian businesses rely upon, the annual frequency of the refunds doesn't always meet the cash management needs of a growing company.
With Easly, Damon Motorcycles receives quarterly cash installments instead of waiting for an annual lump-sum payment from the government. At the end of every fiscal quarter, the company's accrued SR&ED value is assessed, and funds are released based on that amount. These predictable quarterly installments give Damon Motorcycles a consistent flow of capital they can plan for. "We use Easly quarterly draws as part of our financial model," says Dom, "you don't want to be reactive to things, you want to be proactive, and being able to map these funding draws just allows us to be proactive in how we deploy."
Easly offers competitive financing backed by SR&ED tax credit refunds to companies like Damon Motorcycles. From Dom's point-of-view, "you don't want to wait significantly long periods for your return. Having to wait for 12 - 18 months for a SR&ED return is difficult for any company." Accelerating that access to capital improves a companies cash management, giving them more flexibility throughout the year. "It's all about the timing of the funds,” says Dom, “make the funds available sooner so that companies like ours can get on with the work that they're doing. The funds we get from Easly go right into paying for the most important OPEX we have, which for us is staff salaries."
Companies like Damon Motorcycles bring Canadian innovation to the world stage. With groundbreaking safety technology and an all-electric powertrain that can propel the rider from 0 - 60 mph in under 3 seconds, Damon Motorcycles' Hypersport motorcycle is positioned to make a significant impact in the market. "To be able to generate hundreds of pre-orders, in the 10s of millions of dollars, that is something else. That means that we do have a product-market fit and that our audience is listening. So we are addressing a very real problem," Dom said of their recent success. Easly exists to support companies like Damon Motorcycles as they grow from conceptualization to product deployment.
To find out more about how Easly can be a strategic part of your capital mix visit fundeasly.com or contact Alastair Nimmons at email@example.com.
A conversation between host Owen Matthews and Sam Haffar, partner at Real Ventures. see more
Between 2 Term Sheets Episode 9 Sam Haffar Real Ventures
Episode 9 of Alacrity Canada’s “Between 2 Term Sheets” podcast features a conversation between host Owen Matthews and Sam Haffar, partner at Real Ventures.
Listen to this episode to hear Sam and Owen discuss:
- The types of investment opportunities Real focuses on
- Machine Learning and Artificial Intelligence
- Why Real Ventures aims to be accessible to everyone (hint: their staff can relate to the challenges of entrepreneurs)
- The differences in term sheets that come out of the Silicon Valley vs Canada
- Element AI
- And more
“great entrepreneurs don’t need venture capitalists. venture capitalists need great entrepreneurs” – sam haffar
About Sam Haffar
Sam Haffar is a Partner at Real Ventures responsible for working with founders on all aspects of their business: from organizational development, product strategy, to series A fundraising, growth and scale initiatives.
Sam’s background involves 15 years of experience in technology, and includes joining the founding team at Chegg (a leading education technology company that went public in 2013) and leading growth, marketing and sales teams in the Silicon Valley. Combined, his startups have raised well over $200M from VCs.
About Real Ventures
Real Ventures, launched in 2007, is an early stage venture capital firm in Canada that has invested in 150+ companies and grown a network of 1000+ founders. Real tends to invest throughout the life-cycle of early stage companies, and provides stage-appropriate capital and support for the founders it backs. Their partners are based out of Montreal, Toronto and the US.
Real has raised over $300M across 5 early-stage funds, witnessed Canada’s transformation into the home of multiple top-20 global tech hubs, and seen the Valley’s best VCs jumping on flights from SF & NY to Canada to back industry-defining companies.
About the host – Alacrity Chairman Owen Matthews
Owen joined Wesley Clover as a General Partner in 2004 and has invested in Echosec Systems, Encepta Corp., HYAS, Pretio Interactive, Referral SaaSquatch, Tutela Technologies, and Certn, among others.
Prior to joining Wesley Clover, Owen founded NewHeights Software, a pioneer in enterprise unified communication software which was eventually acquired by CounterPath Corporation.
With his love of tech and creating opportunities for young entrepreneurs, Owen co-founded the Alacrity Foundation. Alacrity provides an intense incubation environment to prepare graduates for entrepreneurship in the tech industry.
Previously on “Between 2 Term Sheets”
Episode 1: Tom Williams (Angel Investor & Founder) and Will Fraser (CEO of SaaSquatch)
Episode 3: Ben Narashim (Venture Partner at NEA)
Episode 4: Alex Tong (Information Venture Partners)
Episode 5: Certn CEO & Steve Clark of Company Capital
Episode 7: Brian Kobus of OMERS Ventures
Bank launches digital assessment tool and new $250 million lending envelope to help entrepreneurs... see more
Digitize Now: BDC Small Business Week 2018 kicks off with focus on digital transformation
Bank launches digital assessment tool and new $250 million lending envelope to help entrepreneurs make the digital shift
Toronto, October 15, 2018—Under the theme “Digitize now: Transform your business”, BDC Small Business WeekTM 2018 (SBW) officially kicks off today with the publication of a new study that reveals the dramatic impact digital transformation can have on sales growth. In How to Make the Digital Shift in Your Business, the Bank assesses the level of digital maturity in Canada’s SMEs. Based on a survey of 2,000 Canadian entrepreneurs, the study finds that only 19% have strongly adopted digital technology and culture, whereas 57% have weak digital maturity.
BDC is also debuting a free online digital maturity assessment that allows businesses to measure their use of digital technologies, compare themselves against other companies and get valuable advice on how to kick off change. Both will be discussed at a launch event that BDC will co-host later today with PayPal at The Globe & Mail Center in Toronto, where participants will hear from a power-packed panel of prominent Canadian entrepreneurs on challenges related to digital transformation.
Digital maturity is a key success factor for SMEs
Businesses with higher digital maturity are 62% more likely to have high sales growth than other businesses, more likely to have high profit growth (52%) and are three times more likely to have innovated. Businesses with weak digital maturity often struggle to grow sales and often see sales fall.
“In today’s connected, automated and data-driven world, it’s vital for Canadian businesses to embrace new technologies to keep up with the competition,” says Pierre Cléroux, Vice President, Research and Chief Economist at BDC.
The study also identifies five steps that Canadian businesses can take to digitize right now:
- Define and share their digital vision, by learning about digital technologies, identifying bottlenecks and production problems that have to be resolved before bringing in digital technologies, and creating an action plan;
- Invest in technology with gradual changes and focusing on customer needs;
- Establish a culture of change by building a change team, training employees and rewarding risk-taking;
- Unleash the power of data and use it for decision-making and keeping track of useful information;
- Work for continuous improvement by measuring performance and adapting the business model.
New financing to help SMEs digitize
Getting external financing for software and integration costs is often difficult to obtain. “As Canada’s only bank devoted exclusively to entrepreneurs, we see every day how businesses are accelerating their performance by harnessing digital technologies”, adds Michael Denham, BDC’s President and CEO. “We want to help, which is why we are making available a new $250 million lending envelope to provide the money entrepreneurs need for projects that are key to their productivity and growth,” says Denham.
With this new offering, entrepreneurs can purchase new software to enhance existing processes and take their business to the next level. Combined with BDC’s advice on planning technology investments, they are now equipped to make their digital transformation a reality.
About BDC Small Business WeekTM
This year’s edition of SBW runs October 14 to 20 under the theme “Digitize now: Transform your business.” BDC Small Business WeekTM is a Business Development Bank of Canada (BDC) trademark whose origins date back to 1979 when BDC business centres in British Columbia’s Lower Fraser Valley pooled their resources to organize a week of activities for entrepreneurs. This first event and the one that followed in 1980 were so successful that BDC officially launched BDC Small Business WeekTM across Canada in 1981. The initiative was quickly adopted by Canada’s business community. In 2017, close to 300 activities across Canada attracted around 20,000 business people. This BDC flagship event celebrates entrepreneurship at the local, provincial and national levels.
BDC is the only bank devoted exclusively to entrepreneurs. It promotes Canadian entrepreneurship with a focus on small and medium-sized businesses. With its 123 business centres from coast to coast, BDC provides businesses in all industries with financing and advisory services. Its investment arm, BDC Capital, offers equity, venture capital and flexible growth and transition capital solutions. BDC is also the first financial institution in Canada to receive B Corp certification. To find out more, visit bdc.ca.
As a female developer these are some things I want in a company before I decide to join see more
Author: Leigha Mitchell
I’m a woman in tech, and this is what I want in a company
As a female developer these are some things I want in a company before I decide to join, and once I’m a part of the team.
I want to see other women
The first thing most people do before interviewing or even applying for a job is look at the company careers page. If it’s plastered with pictures of white guys in flannel with beards, that’s a red flag. If the exec team is all white men who look like they could be my father that’s another one. When you’re a small team and those are the cards you’re dealt, it’s harder to get around that. But you can always put a statement on this page explaining the fact you want to diversify your team and why. Another trick I’ve seen is having a clearly female silhouette saying “This could be you!”.
Once I’ve made it past the careers page, I want to see them in person. It’s always important to have women in the interview process, but especially when the candidate is also a woman. This makes me feel more comfortable with asking certain questions, and offers an opportunity to ask things only another woman in tech could answer. Even if there aren’t currently women on the team I’d be joining (red flag) bring someone from another team in for a culture interview.
I don’t give a shit about your “amazing culture”
Everyone has great culture and you’re all best friends, I get it. This is so common in startup land that it’s meaningless. I’ve worked at these places, and I promise you what is an amazing culture for one person can be horrible for another. I want you to prove it. I want to meet members from every team, I want to chat with them and get to know what they’re like. It’s important for me to know that these are people I’m going to work well and grow with, and that they want to do those things with me.
“Many of the truths we cling to depend greatly on our own point of view.”
– Obi Wan Kenobi
I don’t care that you have a ping-pong table, or a keg, or free snacks. I care that the CEO leaves on time to pick up her kids during the week, that the holidays are for spending time with your family, and that when the guy in marketing got engaged to his boyfriend everyone went out for lunch to celebrate. Those are the things I want to see, and the team I want to be a part of.
Tell me how you’re going to help me grow
The moment I get stagnant, I get bored and I move on. That is a huge factor in why I became a developer in the first place. There’s always something new to learn, or practice, or build. This means growth and projection are extremely important to me and I’ve learned the hard way to make sure that is clear from the beginning.
I, like a lot of other women, am very passive when it comes to asking for raises or promotions. Having an outline of expectations for each level of developer helps with this. Now I have a guideline and I know exactly what I need to do to meet those expectations. It also helps reduce the opportunity for discrimination. Everyone knows what is expected for each level, and for each salary. You either meet the requirements, or you keep working at things until you do.
I should forget that I’m a minority, but be supported when I remember
It should never be painfully obvious that I’m the only woman in the room. In an ideal world I won’t be, but sometimes that is still the case. We are adults and everyone should be treated with respect and equally, but that is a whole other conversation. It’s great to have a CEO or a few advocates in the company who support diversity, but if it’s not a part of every employee’s mentality it won’t happen.
If I bring something to the attention of a manager or member of the exec team, like concerns about lack of diversity or the treatment of women in tech, it should be taken seriously. If it’s within the company their help is crucial, but if it is a more broad concern I want to know that I have their support. If I tell them I want more women to get into tech I want them to say “So what are you going to do about it?” and know that they will push and support me.
Help me fight my imposter syndrome
Everyone knows about Imposter Syndrome these days and it’s something I suffer from. Especially as a woman in tech, and extra especially as a more junior developer. I’m incredibly hard on myself so it helps to have a team that will have my back in the fight. I don’t mean that I want to be told how awesome I am, I want real advice. I want to know that my mentors started out where I did, I need to be told to step back and look at the big picture and not the day to day.
“The dark side clouds everything. Impossible to see the future is.”
That being said, it is also beneficial to be on a team that will tell other peoplehow awesome you are. A lot of people don’t like to brag or bring attention to their accomplishments, that’s why you need to do it for them. Seeing others be supportive of their team mates and brag about other’s accomplishments is a powerful thing. That is an environment you can’t fake, and everyone deserves to be a part of.
I’ve been lucky enough to find a company like this, but for those still looking this is what I would expect and demand. For companies looking to hire more women and diversify your teams, I hope you learned something.
Nominations for B.C.'s outstanding business women in private or public sector companies see more
2019 Influential Women in Business Awards: Nominations Open
It’s that time of year again! Business in Vancouver is seeking nominations for B.C.'s outstanding business women in private or public sector companies.
Our intention is to give worthy individuals the recognition they deserve as well as to use their example to inspire other Influential Women in Business to achieve similar success. Five winners and one Lifetime Achievement Award winner will be profiled in a February issue of Women in Business Magazine and honoured at a special awards luncheon in early March 2019. Each winner will share their leadership lessons to an audience of Vancouver’s business community.
Honourees are influential leaders in their industry and the business community at large, committing time and resources to mentor other women in business and contribute their expertise on corporate and not for profit boards. They are chosen based on the criteria of professional accomplishments, influence, and business community involvement. For more information about the awards process, visit www.biv.com/iwib.
DEADLINE: OCTOBER 15, 2018 AT NOON
NEW THIS YEAR: THE MICHELLE POCKEY LEADERSHIP AWARD
As a prominent lawyer and community activist, Michelle Pockey dedicated herself to making a positive difference in the world – from energy, mining, environmental and Indigenous issues to increasing the economic success and impact of women. Michelle worked tirelessly for 20 years advancing women in business, law, First Nations and non-traditional sectors. She was an inspiration to others every day of her life until her passing from cancer in June 2016.
To help support Michelle’s legacy and advance other women along their leadership journeys, Business in Vancouver and Minerva BC have partnered to recognize this exceptional female leader through the creation of the Michelle Pockey Leadership Award. This Award will give first priority to an Indigenous woman and single parents, and second priority to women pursuing law, justice, Indigenous or environmental studies. The Award is intended to support the successful nominee's tuition, housing or childcare in the pursuit of post-secondary education or entrepreneurship.
The Award and a donation cheque will be presented at Business in Vancouver's Influential Women in Business Awards in March 2019. For more information about the awards process, visit www.biv.com/leadership-award.
DEADLINE: OCTOBER 15, 2018 AT NOON
Between $1,000 and $5,000 grants to help women entrepreneurs start and grow their businesses see more
Author: Amira Zubairi
Startup Canada and Evolocity Offering up to $5,000 Grants to Women-Led Businesses
Startup Canada, in partnership with Evolocity Financial Group, announced that it is offering micro-grants to women entrepreneurs and women-led companies in Canada through the Startup Canada Women Founders Fund.
The fund, which launched in August 2016, will provide between $1,000 and $5,000 grants to help women entrepreneurs start and grow their businesses. Women receiving the grants will also be featured on StartupNews.ca, receive a guest-spot on THRIVE Podcast for Women Entrepreneurs, and get a VIP Pass to Startup Canada Day on the Hill taking place in Ottawa on October 18.
To be eligible for a grant, applicants must be women entrepreneurs or women-led businesses. They must also be working in the STEM field and be based in Canada. Startup Canada said the applicants will be judged based on a number of criteria, including the applicant’s impact statement on the use of funds, a proven business model, and confirmation that the opportunity would be missed without the investment. The applicants must also agree to leverage the hashtag #StartupWomen and recognize sponsors throughout marketing efforts.
“Entrepreneurship is a catalyst for economic growth in many countries. Equally as important is the critical role that women play in the growth of an economy,” Startup Canada wrote in a post. “Startup Canada has partnered with Evolocity Financial Group to invest in women-led companies in STEM…providing micro-grants to women entrepreneurs and women-led companies in Canada to help them start and grow their businesses while accelerating gender parity and further unleash the economic potential of women.”
Past recipients of the fund include Eve Medical, which received funding through Ontario’s Health Technologies Fund in January 2018; and Awake Labs, which is using AI to care for brain and mental health disorders.
Those interested in the Startup Canada Women Founders Fund have until August 31 to apply.
Government is seeking third parties to launch and operate a “women entrepreneurship knowledge hub" see more
Author: Jessica Galang
Government Announces RFP to Compile Data on Women Entrepreneurs
During Montreal’s Startupfest, Minister of Small Business and Tourism Bardish Chagger announced that the government is accepting proposals from companies that could help it collect data on how best to support women entrepreneurs.
The government first announced its intention to collect “disaggregated data” on women entrepreneurs in Budget 2018, which had a large focus on women entrepreneurs. The budget earmarked $9.5 million over three years for proposals on collecting gender-based data on entrepreneurs.
Chagger expanded on its request for proposals during the event. The government is seeking third parties to launch and operate a “women entrepreneurship knowledge hub,” which will collect and compile information on women entrepreneurs and inform the development of support tools for women entrepreneurs. “This data will also help us establish best practices that women entrepreneurs can use to further their entrepreneurial journey in Canada.”
This year’s budget had a major focus on women entrepreneurs; $1.4 billion in loans over five years is being allocated to women entrepreneurs through BDC, with the overarching goal of doubling the number of women entrepreneurs by 2025. Chagger said that the four core pillars of it’s Women’s Entrepreneurship Strategy include helping women-led businesses grow, increasing access to capital, improving participation in the innovation economy, and enhancing data on women entrepreneurs.
“This is a key area where data is missing and to better understand women entrepreneurs and to help them and support them, we need this data,” said Chagger.
The Minister made the announcement during one of BDC’s Women in Technology bootcamps, which works to foster business skills and financial literacy for women. The bank’s bootcamps were also part of the initial Budget 2018 announcement, and will take place across Canada.
The news is timely, as this morning Female Funders announced a new report on the state of venture capital with Hockeystick. The report drew on data from public sources like Crunchbase and data from angel and VC groups, finding that just 14 percent of Canadian VCs are women.
The deadline for proposals is September 7. More information is available on the government website here.
Fundica announces pitching Startups for Vancouver stop, including 4 from Victoria (VIATEC Members) see more
Fundica announces pitching Startups for Vancouver stop, including 4 from Victoria (VIATEC Members)
We’ve chosen our Montreal City Winners, but there are still two city-stops to go—and many additional finalists to find—before our finale on July 12th. At our next event in Vancouver, an all-new roster of startups will compete for their chance to win the $500,000 investment award. Come cheer them on at our beautiful, new venue, the Goldcorp Stage at the BMO Theatre Centre. Read about them below!
Hypernose (from Victoria), developed by Alphatron Technology, is a nano-technology electronic device that uses a novel, patent-pending microelectrochemical technology, as well as advanced data fusion and machine learning software, to selectively detect hazardous gases while ignoring benign VOC compounds.
QiiQ Healthcare is developing a system for tracking, analyzing, reporting, and improving workflow in hospital emergency departments. They are using the latest in indoor tracking, machine learning, and artificial intelligence, as well as their in-depth knowledge of the domain, to help drive deadly emergency wait times down to zero.
Youneeq (from Victoria), is a Knowledge Discovery platform that uses its proprietary A.I. to deliver organizations’ existing knowledge—in its content, data, and product forms—in an effective, automated, user-focused manner.
Skylite Labs Inc enhances quality of life by recommending smart home devices that are compatible and centralized.
Biointeractive Technologies Inc.’s wristband, TENZR, protects hands from hand injuries and enables speedy recovery from existing hand injuries using a proprietary sensing technique that detects tendon and muscle movement at the wrist.
LearningBranch Inc is a platform for the automated, voice or chat-based assessment of soft skills that replaces checkbox application forms and expensive face-to-face interviews. Customizable and scalable, the platform transforms the recruitment and onboarding processes.
SafetyTek Software Ltd. is a comprehensive safety management suite that helps construction companies eliminate work stoppages, reveal the true value of safety, and invest in their reputation.
ChatterHigh (from Victoria), inspires students to be personally engaged about their post-secondary aspirations by gamifying the post-secondary research experience.
RallyEngine is a Resilience-as-a-Service platform that alerts groups, rallies teams, reports tips, and enhances the overall safety and business continuity of campuses, companies, and cities while effectively minimizing the costly impact of disruptive events.
VitalSines creates hardware and software solutions that help people live longer and healthier lives. Their first product, iHeart, has been in the market for three years and has over 10,000 users in 65 countries worldwide.
Plurilock (from Victoria), delivers preventative, instantaneous, and continuous solutions for endpoint security and visibility. Its software strengthens workplace cybersecurity using patented behavioral biometrics to identify authorized users and neutralize threats.
Fusion Genomics Corp. is a precision medicine for infectious diseases company. Their pan-pathogen test can identify any known human pathogen (~1,400). It provides accurate diagnosis based on genomic information, which is needed to guide treatment, detect antibiotic resistance, and identify host disease susceptibility markers in a cost-effective and timely manner.
Morfus Mixed Reality helps turn 2D floorplans and 3D architectural designs into fully interactive mobile VR walkthroughs that can be accessed on an app.
ViewsIQ Inc. is a medical technology company that is digitizing patient samples microscopically to disrupt the pathology practice. Designed to integrate seamlessly into the laboratory's existing workflow, ViewsIQ's Panoptiq pathology imaging solution allows clinicians to share patient samples digitally, comfortably, and with the complexity of their own microscopes.
Responsive offers a digital hybrid wealth solution to private managers and banks. Our solution enables client-focused service excellence and actionable insights that grow wealth and build trust.
Lumen5 is a video creation platform powered by artificial intelligence that allows brands and businesses to produce engaging video content for marketing purposes at scale through intelligent automations.
Want to see these startups live? Come to our Vancouver event. Limited tickets remain!
Vancouver, May 31st, 2018: Tickets here
Toronto, June 28th, 2018: Tickets here
Finale, Montreal, July 12th, 2018: Tickets here
July 6th: topics will range from personal empowerment to education you can use for your own business see more
Connecting Curious Minds: Entrepreneurial Expo & Conference coming to town
VICTORIA, BC (April 4, 2018) - On July 6th, Genesa CPA Corp from Vancouver is partnering with Your Entrepreneurial Society of Victoria to bring to you an entrepreneurial expo and conference. The event is an all-day conference taking place at the Da Vinci Centre.
The event will consist of exhibitors, workshop facilitators, and guest speakers; topics will range from personal empowerment to education you can use for your own business. All exhibitors, workshop facilitators, and guest speakers will be entrepreneurs from Vancouver Island and Vancouver; all which have unique personal stories of entrepreneurship and out-of-the-box visions for their business.
If you're looking for inspiration, a shift in mindset, and valuable business education - this is the right event for you. Student, entrepreneurs, aspiring entrepreneurs, we invite you to come connect with other like-minded individuals.
Genesa Corp. is a unique accounting firm in Vancouver that operates on the premise of empowerment through personal leadership and building genuine relationships. Through corporate culture building and freedom of creativity in their work culture; they want entrepreneurs to feel the importance of playing big with your vision. With a positive but gradual shift in how businesses are choosing to operate – they are here to share with you the power of this shift.
Between April 4-8, Genesa Corp will be in Victoria meeting with interested entrepreneurs to become an exhibitor, workshop facilitator, and/or guest speaker: firstname.lastname@example.org or 250-532-0989
**VIATEC Members receive Gold Priority Seating! Email email@example.com for the promocode. **
The ACE program offered through UVic is receiving a $1-million donation from BMO. see more
Source: Times Colonist
Author: Carla Wilson
BMO donates $1M to Aboriginal entrepreneurs
A successful Aboriginal entrepreneurs program offered through the University of Victoria is receiving a $1-million donation from BMO Financial Group.
The Aboriginal Canadian Entrepreneurs (ACE) program has delivered entrepreneurial training to 26 First Nations communities in B.C. and has, so far, been focused in B.C.’s northwest and the Okanagan.
For the first time, ACE training is being offered on Vancouver Island starting this month. It is aimed at Indigenous artists throughout the Island who are keen to start or grow their endeavours.
Lianna Spence of Lax Kw’alaams, formerly known as Port Simpson, in B.C.’s northwest, is one of the 275 students who have completed the program. She attended the funding announcement at UVic Tuesday to talk about what the training meant to her. “I didn’t know anything about marketing, networking or writing a business plan but everything that I learned in this course has changed my life drastically.”
A lawyer taught Spence about the importance of contracts, and she learned about the need to keep her life in balance.
The ACE program not only helped in Spence’s career, but as an Indigenous leader in her community. “Every new professor who came in — my brain was like a sponge,” she said.
Spence, who has a 14-year-old daughter, carves, makes jewelry and recently became a tattoo artist in Prince Rupert, with a three-week waiting list. She raised the first totem pole in her village in more than 100 years and hosted her first feast, keeping in mind lessons from her training.
The 20-week ACE program was developed in 2013 in partnership with the Tribal Resources Investment Corp. and UVic’s Gustavson School of Business.
Brent Mainprize, a UVic business professor, said as the program becomes stronger, students are becoming more successful. So far, 72 businesses have been started and more than 30 graduates have moved on to more education. Another 128 are completing business plans.
Initiatives have involved artists, eco-tourism, taxis, trades businesses, coffee shops and music lessons.
Miles Richardson, executive director for the National Consortium for Indigenous Economic Development at UVic, said the donation underlines the notion of bringing together Indigenous governments, federal and provincial governments and industry to support people like Spence.
Richardson was at an ACE graduation in Prince Rupert attended by young people who needed skills and support. Program leaders worked with students, “helping them problem-solve, to get through the week, to get through the month, get through the program.”
In some communities, 60 to 70 per cent of employment relates to art, Richardson said.
“Learning business skills is going to be transformational. You don’t always have to bring it to a shop in Vancouver and have them double up the overhead. Maybe you can turn that money over in our communities, which is the beginning of having our own economy.”
Among the list are three VIATEC Members: Priologic Software, Plurilock, and Flytographer! see more
BCTECH Summit's Top 50 Tech Startups announced
These 50 B.C. tech companies (Click here for list), have been chosen as the most investable startups in their sector by BCTECH Summit's Selection Committee, a group of top-tier VCs and angel investors. Among the list are three VIATEC Members: Priologic Software (HardHat Connect), Plurilock, and Flytographer!
They'll be pitching in front of local and international investors at this year's Investment Showcase, happening May 15th.
The annual three-day summit brings together international venture capitalists and established techno see more
Source: Times Colonist
Author: Andrew Duffy
Venture capitalists get closeup look at work of Greater Victoria tech firms
Greater Victoria’s high-tech industry will be throwing open its doors to a record number of international visitors this week as the Victoria Innovation, Advanced Technology and Entrepreneurship Council kicks off Experience Tectoria Wednesday night.
The annual three-day summit brings together international venture capitalists and established technology firms to see first-hand what has shaped and supported the sector, which the industry group said generates $4 billion annually in combined revenues.
“We started this in 2012 and the whole idea was to make sure really important people around the world got a look and understanding of what we’re doing in the city,” said Dan Gunn, chief executive of VIATEC.
This year, they are bringing 46 visitors to the city to tour through established and start-up firms.
“It’s a record number and rather than have them locked in a room and facing pitches [from new companies] we wanted to give them a complete sense of the vibrancy and opportunity here,” Gunn said.
The event is designed to focus on the more established and successful firms in Victoria and to make sure local tech leadership feels the full benefit of the summit.
It include tours of local tech firms with hosts who have grown companies in the city. Greater Victoria tech leaders will have a chance to take part in an executive training seminar designed to give them the tools they will need to expand their companies.
Gunn said that seminar is part of preparing companies for the push to grow the sector to its goal of having its constituent firms more than double their existing combined revenue to $10 billion by 2030.
Greater Victoria’s tech sector has about 880 businesses and employs more than 15,000 directly. It also counts another 3,000 consultants and 5,000 others who work in tech jobs within larger firms and government. VIATEC’s membership has more than doubled to 560 members over the last two years.
Gunn said as the sector has grown the message it sends during events such as Experience Tectoria has evolved.
“We used to talk a lot about start-ups and investing in those, but what we realized is we haven’t been conveying the long history of success and impact of the local tech industry,” he said. “So this year we are focusing more of our time to introduce the [venture capitalists] to some of our more established and most successful companies.
“It will give them a sense of what’s possible and why it happened here and that way it’s easier for them to see how they might participate or how a small company might grow into something of consequence here.”
Also a part of this year’s summit are a screening of the film She Started It, which followed young women over two years as they tried to build new companies; a series of origin stories from local entrepreneurs; and a F**k-up Night, where people share stories of failed projects.
VIATEC runs Experience Tectoria at this time of year to use the Rifflandia Festival as a backdrop, and another example of the vibrancy of the city.
Experience Tectoria has a record amount of Investors coming to learn about our entrepreneurs see more
INTERNATIONAL INVESTORS TAKE IN “TECTORIA” SEPT 13-16, 2017
VIATEC’s annual event, Experience Tectoria, has a record amount of Investors coming to learn about the people and ingredients that make technology our #1 industry.
Victoria, BC (September 12, 2017) - Experience Tectoria, a gathering of the local tech community with international investors, kicks off its fifth year this Wednesday evening with a film screening of “She Started It” at Fort Tectoria.
The investor summit brings technology executives from across North America (and even Norway) to Victoria, where they will meet with local technology-leaders, tour Canada’s Smartest City, and join local Tectorians for discussions, demonstrations, networking and incredible entertainment. There are 45 participating investors this year, proving growing interest in Victoria’s tech industry.
VIATEC chooses this time of year for Experience Tectoria in order to take full advantage of the coinciding Rifflandia Music Festival which transforms the city and highlights its innovative self. This year, Experience Tectoria will feature public events in addition to private events to give Investors more one-on-one time with local companies.
Local media are encouraged to attend the following events to get coverage:
“She Started It” Film Screening (Trailer & public tickets here)
When: September 13th, 6:30pm-8:30pm
Where: Fort Tectoria (777 Fort St.)
What: She Started It follows five young women over two years as they pitch VCs, build teams, bring products to market, fail and start again. The film takes viewers on a global roller coaster ride from San Francisco to Vietnam.
Sponsored by: Discovery Foundation, Purpose Five, iWIST and Stream of Consciousness
A Coaching Approach to Leadership (Sold out to public)
When: September 14th, 8am-4pm (Doors at 7:30am)
Where: Fort Common (804 Broughton St.)
What: An intensive day-long introduction to the experience of being coached as a leader, coaching others and creating a culture where individuals support and challenge each other to tackle what is in front of them.
Presented by: Roy Group
F*ckUp Night VOL.6 (Sold out to public)
When: September 14th, 5:30pm-7:30pm (Presentation at 6pm)
Where: Victoria Event Centre (1415 Broad St.)
What: F*ckUp Nights is a global movement where stories of failed businesses and projects are told, questioned and celebrated. It started in 2012 in Mexico City and we've brought it to Victoria. 3 "f*ckuppers" will have 6 minutes each to tell their story.
Speakers: Andrew McLeod, Chris Turchansky, Mike Wilson
Sponsored by: Roy Group
Origin Stories (Registration closed)
When: September 15th, 8am-9am (Doors at 7:30am)
Where: Fort Common (804 Broughton St.)
What: A series of 5 minute Origin Stories from local entrepreneurs.
Speakers: Alacrity Foundation, "The Neverblue effect", Paretologic, RaceRocks 3D, Stocksy United, Workday (previously Mediacore).
Hut Strut (Private event - media welcome)
When: September 15th, 9am-11:45am
Starting from: Fort Common (804 Broughton St.)
What: Dig deeper into some of Victoria’s tech companies by visiting their home bases on foot and seeing what innovations they’re working on.
Note: As this is a walking tour, you must meet the group at Fort Common and follow them to 4 locations downtown.
Media: please confirm your attendance through the media contact below.
“We launched Experience Tectoria back in 2012 as a way to attract out of town investors, partners and opinion shapers so they can experience first hand the vibrancy of our local tech scene and better appreciate our thriving community,” explains Dan Gunn, CEO of VIATEC. “It has led to direct investments in local firms, the discovery of new partners and lending a hand in transforming what key influencers think of our region.”
“This is a banner year with more investor interest than ever before and we developed a program that will expose them to 42 local companies and hosts via bus tours, origin story presentations, walking office tours and other talks,” continues Gunn. “Showing them this much activity in combination with dedicated local tech leaders as hosts and Rifflandia as our back drop always leaves an impression and we look forward to opening more doors for our members and our community.”
Visit www.experiencetectoria.ca for more information.
This report is a collection of snapshots of 22 tech startups located or founded in Victoria BC... see more
Source: Haro Ventures Startup Report - Intro
Haro Ventures releases 2017 Victoria, BC "Startup Report"
What does Victoria’s tech ecosystem look like? And how can sharing this information help all the players involved in building our community?
This report is a collection of snapshots of 22 tech startups located or founded in Victoria BC, gathered over the last quarter of 2016. We share glimpses into the company market opportunities, directions, go-to-market strategies and unique differentiators. We learn about the entrepreneurs’ vision for the future of their companies, about the times they’ve wanted to give up, and what kept them going.
The information in this report was gathered using semi-structured interviews with company CEO’s, founders, and team members. Relevant qualitative answers are displayed on the company snapshot pages, and quantitative data has been gathered for an aggregate display at the end of the report.
We call these insights snapshots because we acknowledge that the information provided could very well change over the next several years, and represents where the companies are at at specifically at this point in time.
We hope to provide an informative and well-rounded picture of what the tech startup scene in Victoria looks like in early in 2017. This report was created for individuals curious about our awesome city and tech community, potential investors looking for the next big thing, and even entrepreneurs wishing to learn more about their peers.
To download the full report, click here: https://silkstart.s3.amazonaws.com/58d2a1ac68621338f7f3fba5.pdf
Join three days of investor events including investor education sessions, a pitch breakfast... see more
Capital Mission II seeking investors!
Last year's mission was a success, so your second mission has arrived...
INVESTORS: Join three days (Feb 22-24) of investor events including investor education sessions, a pitch breakfast at the Crystal Garden prior to Discover Tectoria, and many networking opportunities. Forge new relationships, exchange ideas, deal flow and information with invited investors from the US and Canada. Strengthen ties with the local investment community. Learn about and invest in great early stage companies. CM2 culminates with Discover Tectoria, VIATEC's one-day exposition of more than 70 Greater Victoria technology firms and research organizations. Click "TICKETS" here to check out and register for some or all of the mission events. SPACES ARE LIMITED. *FOR ACCREDITED INVESTORS