SOURCE: TEC Edmonton

TEC Edmonton

March 31, 2016 11:30 ET

Alberta-Based Entrepreneurs to Compete for Grand Prizes in the 2016 TEC VenturePrize Business Plan Competition

EDMONTON, AB--(Marketwired - March 31, 2016) -  Business incubator TEC Edmonton announces the finalists for the 2016 TEC VenturePrize business plan competition in the Fast Growth and DynaLIFE Dx Health streams. The finalists include some of the most promising entrepreneurs from Alberta each with an innovative, new technology contending for grand prize packages to help grow their business.

The Fast Growth Finalists are:

Dakota Supplies Inc. ( www.dakotasupplies.com )

Dakota Supplies Inc. looks to become a leading provider of disposable and sanitizing cleaning products for the commercial transportation industry. Dakota's patented cleaning product MOPPITT™ is an all-in-one cleaning unit specifically designed to meet the cleaning and sanitizing challenges of commercial transportation including airlines and buses. MOPPITT's convenience and effectiveness compared to traditional mops and other cleaning products allows staff to provide enhanced customer service while generating cost savings to the company and improving employee working conditions.

Fitset ( www.fitset.ca )

Fitset is a website offering access to fitness classes at hundreds of local fitness studios for a single membership of $99 per month. Fitset members have the ability to try a new workout every day, or take up to 4 classes per month at each partner studio -- a unique option for an active lifestyle without traditional gym or studio contracts. Created at the University of Alberta, Fitset brings hundreds of fun and challenging workout experiences together in one convenient spot online.

Localintel ( www.localintel.co )

Founded in 2015, Localintel is developing an online technology designed to help small companies across Alberta find the right location for their business. Scheduled to release mid-2016, this Calgary-based startup uses high quality data, powerful mapping tools and valuable insights, to make it significantly easier for business owners to make informed decisions about where they locate.

The DynaLIFE Dx Health Finalists are:

MagnetTx Oncology Solutions ( www.magnettx.com )

MagnetTx Oncology Solutions is commercializing ground-breaking technology in cancer radiotherapy (RT). In an international first, researchers at Alberta Health Services and the University of Alberta have combined the use of a linear accelerator (Linac) for cancer radiotherapy with real-time and concurrent magnetic resonance (MR) imaging. MagnetTx's new Linac-MR device, the Aurora-RT, tracks the movement of tumours and organs while radiotherapy is taking place. The combined knowledge enables radiation oncologists to zero in more precisely on the tumour itself even as it shifts around, reducing unneeded radiation and thus improving cancer treatment outcomes.

Running Injury Clinic Inc. ( www.runninginjuryclinic.com )

The Running Injury Clinic Inc. (RIC) is creating sophisticated data-gathering-and-analysis tools for clinicians to access for treating ambulatory (walking and running) injuries. Algorithms created from data gathered by instruments such as infra-red cameras, LiDAR cameras and accelerometers can create scientific and clinically relevant ambulatory health, performance, and injury information. Through the maintenance of health and mobility, by helping patients to return to activity sooner, RIC helps improve quality of life while reducing the societal economic cost from musculoskeletal injury.

SolAeroMed Inc. ( www.solaeromed.com )

SolAeroMed is a Calgary-based biotech company focused on treating respiratory diseases through the development of innovative drugs and delivery devices. Patients suffering from conditions including Asthma, Cystic Fibrosis, Chronic Cough or Sleep Apnea will benefit from SolAeroMed's four products that are currently in development, including their lead product, a drug that delivers faster and sustained bronchodilation following an asthma attack. Their delivery device is portable, easy to use and can pair with SolAeroMed's products or other aerosolized drugs.

Winners will be announced at the annual VenturePrize Awards Celebration on April 21, 2016, at the Westin Hotel Edmonton. In addition, winners of the TELUS Information & Communications Technology (ICT), Alberta Innovates Student competition, Edmonton Journal People's Choice award and Screener's Award of Merit will also be announced during the celebration. This prestigious event brings together leaders from the business, innovation and research communities of Alberta.

"VenturePrize has been showcasing the next generation of Alberta's rising entrepreneurs for the past 14 years, and we're especially excited to have DynaLIFE Dx join us this year to help introduce new players in the healthcare industry," said Chris Lumb, CEO of TEC Edmonton. "VenturePrize is more than just the awards -- it's a program that has provided top quality business training and mentorship from some of the most successful industry experts for over a decade."

Tickets for the VenturePrize Awards Celebration can be purchased at www.ventureprize.com/tickets.

About TEC VenturePrize

The TEC VenturePrize business plan competition invites early stage entrepreneurs to submit their business plans to compete for cash and in-kind services to assist in accelerating their business. A program of TEC Edmonton, VenturePrize provides mentorship, business training and resources to Alberta-based entrepreneurs, culminating in the annual business plan competition. Participants compete in one of four streams: Fast Growth, DynaLIFE Dx Health (new to 2016), TELUS ICT or the Alberta Innovates Student competition. For more information about VenturePrize, visit: www.ventureprize.com.

About TEC Edmonton

TEC Edmonton helps technology entrepreneurs accelerate their growth. In addition to being the commercialization agent for University of Alberta technologies, TEC Edmonton operates Greater Edmonton's largest accelerator for early stage technology companies, including both university spinoffs and companies from the broader community.

TEC Edmonton provides client services in four broad areas: Business development, funding and finance, technology commercialization and entrepreneur development.

TEC Edmonton's ~128 active clients are an outstanding group of companies. Since 2011, TEC Edmonton clients have generated $472M in revenue, raised $232M in financing and funding, invested $142M in R&D, grown employment by 25% per year and now employ over 1750 people in the region. In addition, TEC Edmonton has assisted in the creation of 22 spinoffs from the University in the last five years.

In 2015, TEC Edmonton was identified by the Swedish University Business Incubator (UBI) Index as the 4th best university business incubator in North America, and was also named Canadian "Incubator of the Year" at the 2014 Startup Canada Awards.

For more information, visit www.tecedmonton.com.

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Contact Information

  • Media Contact:

    Stephanie Gillis-Paulgaard
    Director, Communications & Marketing
    TEC Edmonton
    Phone: (780) 492-0707
    Email: Email contact