5 reasons every startup should enter the BCIC-New Ventures Competition

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Are you a startup or early stage entrepreneur looking to take your concept to the next level? The BCIC-New Ventures Competition is back and looking to transform your idea into a lucrative venture. Here are five reasons why you shouldn’t miss out on BCIC-New Ventures’ 2016 Competition.

Insider access

The competition puts one of the largest rosters of leaders in B.C. tech in the palm of your hands- relationships that would have otherwise taken you months to develop. These industry professionals and investors will offer your startup invaluable advice and feedback.  Here’s the caliber of mentors, judges and speakers you’ll have access to:

  • Mike Volker: President at Keiretsu Forum, Principal Operator, Vancouver Angel Network, and past Canadian Angel Investor of the Year
  • Judy Bishop: Executive-in-Residence for Accelerate Okanagan
  • Thealzel Lee: Founder, Director and President at E-Fund
  • Ean Jackson: Managing Director at Analytics Marketing
  • Dr. Alexandra Greenhill: CEO and Co-Founder of myBestHelper and past top three winner

Prizes with no strings attached

Need money? This competition can help you get it. Between prizes and free services from lawyers, accountants, and marketing professionals, more than $300K is up for grabs. New to the prize scene this year are fintech and cleantech specific packages. Check out a full breakdown of the prize packages here:

  • $110,000 BCIC first-prize package
  • $60,000 BCIC second-prize package
  • $35,000 BCIC third-prize package
  • $22,000 BC Resource Cleantech Industry prize package
  • $20,000 BC Bioenergy Network cash prize
  • $18,000 Progressa Fintech prize package
  • $16,000 Vancity Social Venture prize package
  • $10,000 City Innovation cash prize
  • $8,000 BCTIA Centre4Growth Accelerator Program in-kind prize package
  • $8,000 Wavefront™ Wireless in-kind prize package
  • Plug and Play prize package

Network like a badass

Your LinkedIn connections are going to grow like they’re on steroids. There are 12 events in which BCIC-New Ventures Competition competitors network with well connected tech industry leaders and angel investors in areas of business planning, courting investors, the art of pitching their product, communications, and marketing.

Big league exposure

Claim your spot in B.C.’s biggest tech startup competition and get recognized for it. This year, 35 BCIC-New Ventures Competition alumni made it to the Ready to Rocket list which features fast-growing companies on track for significant venture capital investment or acquisition by a major player. Examples include DarkVision, MediaCore, Saltworks, Aspect Biosystems and LightIntegra. Competing with the province’s best and brightest tech entrepreneurs will make you that much hungrier to hone your pitching skills, build a better business plan, and grow.

Get schooled

Bonus alert: FREE education seriesNew Ventures BC hosts a series of 11 evening seminars and three workshops starting March 30 to May. Get the latest on tons of topics ranging from pitching investors, managing intellectual property to planning your exit strategy. Guest speakers are industry leaders like Mike Volker, Ralph Turfus, Sarah Lubik (director of entrepreneurship at SFU) and Dave Thomas (Rocket Builders.)

If the series has piqued your interest but the competition isn’t your cup of tea, this is still open to you. The whole menu is available for $100 or à la carte for $20/seminar.

Register today

Deadline for registration is April 14, 2016.  The Competition is open to any B.C.-based venture, typically less than five years old and that has raised less than $1M in investment.

The form will take you 15 minutes to complete. Just include three short descriptions of your:

  • Product or service offering
  • Innovation behind the idea
  • Business model

Register now!

 

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