EDMONTON, AB--(Marketwired - November 30, 2016) - TEC Edmonton announced today that Dr. Randy Yatscoff, Executive Vice-President of Business Development, has been awarded the National Startup Canada Adam Chowaniec Lifetime Achievement Award. The award, only one of which is presented at the national level, recognizes an individual who has made a long-term impact on advancing an environment of entrepreneurial growth and success in Canada.
"I'm grateful for the incredible people and teams I've worked with over the years that made this possible," said Randy. "This award is really about the people who come together to be bigger than the sum of their parts."
"There is no more deserving person than Randy for this award," says TEC Edmonton CEO Chris Lumb. "Randy brings passion, commitment, and action to everything he does, and it's an honour to work with him. We and our clients are all richer from Randy's presence, and this award recognizes his outstanding contributions to Canadian entrepreneurship."
Dr. Yatscoff has worked with TEC Edmonton since 2008, initially as an Entrepreneur-in-Residence before becoming Executive Vice-President of Business Development in 2010. In his role at TEC, he oversees a team that serves over 80 startup companies per year.
During his time at TEC Edmonton, Randy has directly or indirectly helped to create 15 university spinoff companies like Metabolomic Technologies Inc. (MTI) and Tevosol, allowing research innovations to make a real-world impact. In addition to university-based companies, Randy has also mentored dozens of companies in the community.
Randy's time at TEC Edmonton is backed by more than a decade of experience as a biotech executive, notably serving as President and CEO of the drug development company Isotechnika. During his tenure at Isotechnika, Randy helped raise $200 million in equity financing and took the company public. In an earlier life, Randy was also an accomplished academic, a full professor and researcher at several Canadian universities. He remains an adjunct professor at the University of Alberta and holds more than 20 patents.
About TEC Edmonton
TEC Edmonton is a business accelerator that helps emerging technology companies grow successfully. As a joint venture of the University of Alberta and Edmonton Economic Development Corporation, TEC Edmonton operates the Edmonton region's largest accelerator for early-stage technology companies, and also manages commercialization of University of Alberta technologies. TEC Edmonton delivers services in four areas: Business Development, Funding and Finance, Technology Management, and Entrepreneur Development. Since 2011, TEC clients have generated $680M in revenue, raised $350M in financing and funding, invested $200M in R&D, grown both revenue and employment by 25 per cent per year and now employ over 2,400 people in the region. In addition, TEC has assisted in the creation of 22 spinoff companies from the University of Alberta in the last four years.
TEC Edmonton was named the 4th best university business incubator in North America by the University Business Incubator (UBI) Global Index in 2015, and "Incubator of the Year" by Startup Canada in 2014. For more information, visit www.tecedmonton.com.