Business Development Bank of Canada (BDC)

Business Development Bank of Canada (BDC)

February 27, 2008 23:59 ET

"From Vision to Venture" - Canadian students showcase innovative business ventures at Enterprize 2008

VANCOUVER, BC, Feb. 27 - Some of the nation's best and
brightest undergraduates gathered in Vancouver from February 1 to 3 for the
national finals of the business plan competition Enterprize 2008. They
competed for a top tier prize of $20,000 in cash and a shot at transforming
their business idea into reality. VerifyRx, a federally incorporated company
from the University of New Brunswick, took the top prize. The second place
winner was Daily Splice, a company from the University of Victoria. Third
place was awarded to TechTouch, from the Schulich School of Business at York
Only 12 of the 90 teams from 27 different post-secondary institutions
competing across Canada advanced onto the nationals. The panel of
distinguished judges, who are leaders in the fields of venture capital,
accountancy and law, among others, chose three winners who now have the chance
to begin their journey with a business venture in one hand and prize money in
the other to develop and grow their ideas.
"BDC is proud to support a new generation of Canadian entrepreneurs,"
said Michel Bergeron, BDC's Vice President, Corporate Relations. "In an
exciting learning environment, the participating teams presented innovative
concepts and developed products and services that prove future Canadian
entrepreneurs are ready to capture the opportunities of global markets. We
congratulate the competition organizers for providing to hundreds of students
all-across Canada an occasion to unleash their creative potential and
entrepreneurial spirit."
"At Enterprize, we are really excited to have the opportunity to provide
a platform that would connect young students with other entrepreneurs. More
importantly, we are proud to be showcasing student innovation," said Charles
Voon, Chairperson of Enterprize 2008.
The conference portion of Enterprize was also a huge success. Just over
300 delegates from every corner of the country came to participate in
interactive workshops, business case panel sessions and other exciting events
held at the Sheraton Wall Centre in downtown Vancouver.

Top 3 Business Plans

1st Place - VerifyRx - University of New Brunswick

VerifyRx Inc is a New Brunswick-based eHealth company designing and
developing risk-based, predictive technologies targeting prescription drug
abuse. An estimated 100 million prescriptions for drugs like Oxycontin,
Adderall, and Valium are at risk for abuse every year. VerifyRx, through
predictive technology, quickly verifies a prescription by determining the
probability that a prescription may be at risk for abuse, making prevention
and early intervention a reality.

2nd Place - Daily Splice - University of Victoria

DailySplice modernizes the concept of radio by creating customized
radio-style programs that are delivered daily to computers in an iPod or
mobile phone ready format. The company helps to quickly find personalized
content from a library of thousands of podcasts and enables the user to build
a program template, or "Splice," that can be listened to on demand as a part
of a personal routine. "DailySplice: just what you want to hear."

3rd Place - TechTouch, York University

TechTouch is a privately owned innovative Canadian company that
concentrates on launching new health care products by employing cutting edge
technology, such as infrared spectroscopy (NIRS) to measure blood glucose
concentration. The company's mission is to break down the lifestyle barriers
for diabetic patients, enabling them to lead normal and healthy lives. By
developing key medical instruments such as Diabitix, TechTouch is providing a
brighter future in the medical industry with its first Comprehensive Diabetes
Management system.

About Enterprize

Enterprize, founded and hosted by the Sauder School of Business, is
Canada's largest entrepreneurship conference and business plan competition. In
its 7th year, Enterprize connects budding student entrepreneurs with industry
professionals and is the premiere investor in student innovation. Enterprize
2008 would not have been possible without the support of BDC as its national
sponsor, PricewaterhouseCoopers as its industry sponsor, and the enthusiasm of
other sponsors who have again shown their commitment to the entrepreneurship

About BDC

BDC is a financial institution wholly owned by the Government of Canada.
BDC actively supports the development and growth of Canadian small and
medium-sized businesses through its complementary financial, investment and
consulting solutions. BDC is one of Canada's Top 100 Employers.

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