The competition dates and seminar schedule have been officially set and now it’s up to you to invest $200 in your technology business idea and learn how to develop it into a profitable company.
As one of North America’s largest technology business idea competitions, we attract applicants from a wide range of industries including cleantech, media, Internet, information technology and life sciences.
BCIC and the New Ventures BC Society invite BC entrepreneurs to submit your ideas to the 11th annual BCIC-New Ventures Competition offering the chance to win a share of the more than $360,000 in prizes.
Added to the mix of prizes to be won this year are the $15,000 Vancity Social Venture Prize and two prizes for Agricultural technologies, valued at $30,000 and $20,000.
The competition is open to any BC person, resident or business with a technology-focused idea that has not yet secured significant financing from external investors (i.e. investors other than friends, family and company founders).
Business education seminars, open to both the public and competition applicants, will take place in Vancouver at the SFU Beedie School of Business beginning April 4, 2011.
Register today to :
- Learn from some of BC’s top business experts at our business-education seminars
- Network with top professionals in business, law, finance, government and academia
- Improve your business and strategies during each round of competition
- Receive advice and insight from mentors In Round 3
- Present your condensed business plan to a panel of ‘angel’ investors, venture capitalists and industry experts in Round 4
The BCIC-New Ventures Competition 2011 Schedule
- March 9 : Registration Opens
- April 4 : Seminar Series Begins
- April 18 : COMPETITION ENTRY DEADLINE
- May 11 : ROUND 2 DEADLINE
- June 24 : Round 3 Finalists announced
- August 3 : ROUND 3 DEADLINE
- August 29th : Round 3 Finalists announced
- September 7-September 9 : Round 4 Presentations to the Jury
- September 22 : Awards Ceremony; Winners announced
BCIC-New Ventures Competition Prize Structure
Prizes are awarded at the BCIC-New Ventures Competition Awards Ceremony. Prize packages may change without notice.
# $130,000 BCIC first-prize package, including :
- $110,000 cash from BCIC
- $9,000 in-kind services from Ernst & Young
- $9,000 in-kind services from Fasken Martineau DuMoulin
- $2,000 in-kind services from NVBC’s bronze sponsors
# $70,000 BCIC second-prize package, including :
- $57,000 cash from the BCIC
- $6,000 in-kind services from Ernst & Young
- $6,000 in-kind services from Fasken Martineau DuMoulin
- $1,000 in-kind services from NVBC’s bronze sponsors
# $40,000 BCIC third-prize package, including :
- $33,000 cash from the BCIC
- $3,000 in-kind services from Ernst & Young
- $3,000 in-kind services from Fasken Martineau DuMoulin
- $1,000 in-kind services from NVBC’s bronze sponsors
# $40,000 BC Hydro Sustainability prize
# $20,000 BC Bioenergy Network prize
# $15,000 Vancity Social Venture prize
# $30,000 Agritech Innovation first prize
# $20,000 Agritech Innovation second prize
For more information on prizing, including requirements for supplemental prizes, visit the section Rules and Terms of Use.
WHAT IS IT ?
A four-round technology business competition for early-stage BC entrepreneurs with an agricultural technology-focused idea. It features two business-education seminars focused on the commercialization and launch of agritech (with access to eight more general sessions) networking, mentoring and the chance to compete for $50,000 in specific prizes for agricultural businesses.
Round 1 : The Idea
Participants register in the competition and describe their idea. Registration Deadline is April 18, 2011.
Round 2 : Feasibility Test
Participants submit a five-page response to specific questions about their business idea. Judges will choose the 10 best ideas to advance to Round 3.
Round 3 : Condensed Venture Plan
Participants are paired with a mentor who helps them expand their idea into a condensed business plan—an eight-page response to specific questions. Five competitors will advance to Round 4.
Round 4 : Finale
Five finalists will make oral presentations to the jury on Sept 7, 2011. Judges will then select winners for the $30,000 First and $20,000 Second place Agritech Innovation Prizes.
REGISTER TODAY ! Application deadline is April 18, 2011 at midnight.
You will be registered into the main BCIC-New Ventures Competition as well through the same form. Please ensure you choose the Agritech option.
MORE DETAIL INFORMATION HERE
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