SRCTec hosts the Inaugural Fraser Valley Regional Tech Forum with over 200 in attendance.

The Sumas Regional Consortium for High Tech (SRCTec) is a not-for-profit organization governed by a select group of technology executives that form a volunteer board of directors. SRCTec is a coalition of local government, industry partners and high education institutions interested in attracting tech based investment into the “Region” (including the District of Mission, City of Abbotsford and Chilliwack, the Township of Langley and the City of Maple Ridge).

MISSION  –  The Sumas Regional Consortium for High Tech , in partnership with regional stakeholders, hosted the Inaugural Fraser Valley Regional Tech Forum on October 10th at the Best Western Plus Mission City Lodge. This event included panel discussions and speakers touching on “Local Tech Startup War Stories”, “Fundraising from Angel to Series A”, “Developing and Retaining the Best People”, Pecha Kucha presentations on Fraser Valley initiatives and Denise Hannen as keynote speaker.

The event kicked off with opening remarks from SRCTec’s Chairman and CEO Raymond Szabada, local liberal MLA Simon Gibson and Mission mayor Randy Hawes. Following this, attendees were listened to valuable insights from local Tech CEOs who participated in the Startup War stories panel discussion. This panel was moderated by Mike Shields of PWC and speakers included Mike Battistel of Cascadia Windows, Peter Scales of ACI Foods, Robert Humphreys of Predicted Property, Oliver Perez of MultiTrends, and Kalvin Morrow of Greenhouse Games.

Encompassing the second aspect of the event was the panel discussion covering financing topics: Fundraising from Angel to Series A. This panel was moderated by Ted Olak of BDC and included three venture capitalists: Sarah Applebaum of Pangaea Ventures, Michael McGee of Avrio Capital, and David O’Leary of REDDS Venture Investment Partners. This panel let us dive into the world of venture capitalists touching on investment pitches and tips to find not only an investor but the right investor.

As part of the Workforce Development panel, attendees were treated to four fast-paced Pecha Kucha style presentations. Jacqueline Hall, VP of Rick Hansen Secondary, started us off with an inspiring presentation: “Building a culture of inquiry at Rick Hansen Secondary School of Business and Science”, next was Wim Kerkhoff, CEO and founder of Kherkoff Technologies, presenting “A local technology CEO’s perspective on Talent”, followed by Dr. Maureen Wideman, Director of Teaching and Learning at UFV, presenting “21st Century Learning”, and finishing off was Colin Schmidt, CEO and founder of Cnawlece, presenting “Building a startup community in the Fraser Valley”.

Part of the event included Doug Sage, Director-Marketing Business Solutions & Health at TELUS, showcasing to the audience what TELUS is currently working towards, and providing a look into the future of connectivity and Regional Fiber Initiative.

 

Raymond Szabada, Chairman of the board & CEO, SRCTec, noted: “The SRCTec team would like to thank our corporate sponsors: TELUS, BDC, PWC, UFV and i-Open Technologies for providing the resources and funding to make this event happen. We were thrilled to see over 200 attendees coming together to provide valuable insights, spark important conversations and leave the Fraser Valley Tech community inspired, informed and exposed to the future of the local technology sector; the forum truly validates the need for a Regional Technology Ecosystem”

 

Contact:
Erik DiGuistini
Marketing and Communications Assistant
ediguistini@srctec.org
(604)768-6052

 

Market Validation Cohort April 2017

Congratulations to the SRCTec ventures in the April 2017 cohort for graduating from the Market Validation Training as part of the Venture Acceleration Program (VAP) and Agri-Tech Venture Acceleration Program (AVAP).

 

Below are post-graduation photos taken at the SRCTec office in Mission.

 

(Yahoel Van Essen, co-founder and CEO of Eleos Robotics)

(Ramin Ghodsi, Director of Picker Drones)

(Raymond Kobes: Co-Founder of Maple Force Tech and member of the winning team at the 2017  Chilliwack Hackathon)

Fusion Genomics

*No Image Available*

(Akmal Jameel, CFO of Fusion Genomics)

 

For more info on these ventures, visit their respective websites below:

 

Contact:

Erik DiGuistini
Marketing and Communications Assistant
ediguistini@srctec.org
(604) 768-6052

Agriculture Technology Driving Force in Establishing LOI Between SRCTec and Istuary Idea Labs


Access to China’s Agriculture Technology Industry Offers BC Companies Opportunity to Drive Further Growth in Canada and China

Vancouver, BC, April 18, 2017 – Istuary Idea Labs and the Sumas Regional Consortium for High Tech (SRCTec) recently signed a Letter of Intent to provide BC tech companies with education, resources and a network to tap into China, most notably in one of the largest agricultural markets in the world. Vancouver-based Istuary Idea Labs views Fraser Valley as a prime testing ground for agri-tech, a $12 billion industry that could not have survived without technology but one that can certainly expand further in China. Businesses that are beginning the commercialization phase and have some of the most promising technology in agri-tech make business sense for SRCTec and Istuary Idea Labs to collaborate.

Michael Liu, VP of Istuary Idea Labs, stated, “We are very excited to work with SRCTec in assisting Fraser Valley technology companies with the ability to access and commercialize in global markets. By connecting promising technologies to our resources in China, we create new opportunities and synergies that wouldn’t have been available to start-up companies. Thus partnering with SRCTec fits perfectly into our vision of cultivating innovation and launching businesses into expanding markets.

The collaboration is a significant boost to Istuary Idea Labs as SRCTec already facilitates innovation and entrepreneurial ventures in the Fraser Valley in the form of partnerships throughout the province. With agri-tech as a new source of innovation, Istuary Idea Labs offers strategic access to one of the biggest agricultural markets in the world and in great demand of agricultural technology: China.

Raymond Szabada, Founder and Chairman of the Board of SRCTec, says “Istuary is a knowledgeable partner that can provide valuable advice and direct introductions to Fraser Valley tech companies to take advantage of resources and markets in China. Access to manufacturing plants in China will allow local startups to build and test prototypes with teams that are highly experienced in moving towards commercialization. There are vast opportunities to create business partnerships to share knowledge of market needs in Asia and North America, as well as joint ventures to share and enhance technologies. We’re very excited about the benefits awaiting Tech companies in our Programs through this partnership with Istuary”

About Istuary Innovation Group

Istuary Innovation Group is a Canadian technology company with a mission to connect local technology to global markets through glocalization for sustainable innovation. Istuary focuses on identifying and filling technology gaps in foreign markets by leveraging Canada’s world class design and engineering talent. Operating in 3 countries, 30 cities, and employing over 1500 employees worldwide, go to www.istuary.com for more information.

 

About SRCTec

SRCTec is a not-for-profit organization based in Mission B.C. dedicated to facilitating innovation and entrepreneurial ventures in the Fraser Valley.  It has formed numerous partnerships throughout the province to connect local tech companies with funding, advice, training, and other business and marketing services.

 

Contact:

Erik DiGuistini

Marketing and Communications Assistant

ediguistini@srctec.org

(604) 768-6052

Nutriva Set to Break Ground on Their New HydroGreen Process

 

Nutriva Group has announced that they will begin using the HydroGreen system in June/July of 2017, with installation beginning on April 10th, 2017. The HydroGreen system is being installed on Nutriva’s demonstration farm, Bakerview EcoDairy in Abbotsford BC, and the company expects this to be the pilot site for HydroGreen in Canada as it’s the first HydroGreen system in the country. Bakerview EcoDairy will also be the site for research trials feeding sprouted grass to dairy and beef cattle and free-range layer hens. Bill Vanderkooi, CEO of Nutriva Group, estimates that the total cost of the installation will be in excess of $1,000,000 and assist farmers to raise local grass fed beef in an economical and sustainable way.

 

HydroGreen

The HydroHGGreen system is a new approach to hydroponically-grown sprouted grass. Grown without the need for soil medium, without pesticides, and with minimal labour, HydroGreen sprouted grass can be produced year-round in a building as small as 800 square feet and producing the equivalent to 20 acres of forage from traditional production methods. The HydroGreen system is fully automated from seed to harvest, uses LED lighting with minimal water consumption, while being extremely energy efficient (can run on a 12v car battery in a power outage).

 

Please click on the following link to learn more about the HydroGreen System

HydroGreen Video

 

Photo: Construction of the HydroGreen Facility at Bakerview EcoDairy

 

 

Market Validation Cohort March 2017

SRCTec is pleased to announce the graduation of Flex Alert Company and NovoBind Livestock Therapeutics from the Market Validation Cohort, March 2017, as part of the Agri-Tech Venture Acceleration Program (AVAP).

 

Photo: Market Validation Cohort March 2017 Graduates

From left to right: Mike Manion, Jacek Chrostowski (Flex Alert Company), Hamlet Abnousi (Novobind Livestock Therapeutics), Peter Briscoe

 

About Flex Alert Company:

Flex Alert Company Ltd. is a technology company based in Ottawa and Vancouver, Canada with operations in The Hague, the Netherlands and East Africa. Its mission is to develop low cost wireless biosensors for detecting pathogens in food grains, perishable fruits, and during wine production to be used with our mobile networks. Most of our current focus is on local precision agriculture reducing human intervention in the field, through developing and implementing infrastructure based on wireless Internet of Things (IoT) technologies.

About Novobind Livestock Therapeutics:

NovoBind Livestock Therapeutics is an agriculture biotechnology company developing cost-neutral feed additives that function as alternatives to antibiotics. Their products specifically target and eliminate individual food-borne pathogens like Salmonella from livestock.

 

Click here for more information on the Agri-Tech Venture Acceleration Program (AVAP)

Ecoation Innovative Solutions Inc. Closes $1M Seed Financing to Launch Commercialization

 

 

MISSION – Ecoation Innovative Solutions Inc. recently announced the completion of a successful Seed financing. The financing was initiated in November 2016 and closed on March 16, 2017. The Seed financing raised $1 Million and was significantly over-subscribed. Angel investors from North America and the European Union participated including investors from the Creative Destruction Lab and the Vancouver Angel Forum. Many of their investors are entrepreneurs with highly successful company ventures in information technology, artificial intelligence, banking and agriculture who have validated our AI technology and business plan through extensive diligence.

Dr. Saber Miresmailli, CEO and founder of Ecoation Innovative Solutions stated that “we are very excited to have completed our Seed financing with such an experienced and successful group of investors. We look forward to engaging their knowledge and experience as the company transitions from product development to paid field trials and subscription sales of our novel crop health monitoring and prediction system.”

Funds will be used to launch commercial sales starting with greenhouse growers in North America in 2017 and then expanding to Europe and Asia. Key activities include building a world class field services team who will support the implementation and operation of the EIS crop health system. Funds will also be used to expand sales, marketing and intellectual property.

 

For more information, click the following link to visit their website: http://crop-sense.com/

 

 

 

SRCTec Clients Win Two of Four Agritech Innovation Challenge Awards

MISSION – The Sumas Regional Consortium for High Tech (SRCTec) is proving to be fertile ground for innovation in the agricultural technology sector. Two of the four Agritech Innovation Challenge awards recently announced at the #BCTECH Summit went to graduates of SRCTec’s AG-Tech Venture Acceleration Program.

Ecoation Innovative Solutions (crop-sense.com) won the award for Pest Management and Loss Reduction, and Boost Environmental Systems (boost-enviro.ca) won the award for Nutrient Management. Each company will receive $20,000 to further develop solutions to agricultural challenges in BC.

Raymond Szabada, Founder and Chairman of the Board of SRCTec, says “the awards are a demonstration of the organization’s positive impact. Finding local solutions to local problems through applied technology is what we’re all about. By assisting such ag-tech startup companies, we’re helping to improve the entire agricultural sector; bringing new jobs, new resources, and new economic growth to BC,” says Szabada.

SRCTec is a not-for-profit organization based in Mission, dedicated to facilitating innovation and entrepreneurial ventures BC wide, since inception of the program in early 2015, SRCTec has now supported more than 30 ventures with validating their respective technologies, training and on-going mentorship.

For more information about SRCTec, please visit www.SRCTec.org

Contact:

Mike Manion
Manager, AG-Tech Venture Acceleration
mmanion@srctec.org
(778) 837-3809

High-Tech Hackathon


High-Tech Hackathon

Downtown Business Centre at 9240 Young Road from Friday, March 24, 2017 at 5:00 p.m. until Saturday, March 25, 2017 at 5:00 p.m.

Chilliwack, BC – Have you ever wondered what it would be like to be part of a high-tech start-up? How do you test ideas, prototype technology, get buy-in, and start a company? What resources and support systems are available for high-tech start-up companies operating in the Fraser Valley?

The Chilliwack.Tech Hackathon is the place to not only learn, but experience all of this in a highly compressed 24 hour period.

This event is specifically targeting business and high-tech college and university students in the Fraser Valley, but is open to anyone over the age of 18 who would like to get involved.

If you don’t have a business idea, no problem! The event will start by playing match-maker between people and teams, and teams and business ideas. If you have an idea you want to explore, bring it to the table!

Although each team will be able to follow their own path, they will be given a recommended process to follow. This process is based on the first parts of the BC Innovation Council (BCIC) Market Validation Program, run by the Sumas Regional Consortium for High Tech (SRCTec) and other venture accelerators in BC.

There will also be a panel of experienced entrepreneurs, business development experts, and technical experts to help you throughout the event. Each team will be given a certain number of mentorship credits and can choose how they spend those credits among the available experts.

Three all-star judges (Jason Lum, Brenda Dehn and Raymond Szabada), each with a different business and industry background, have been selected to apply the published judging criteria to each team.

The first place team will receive over $1,000 in prizes to help them get their winning start-up off the ground. Incorporation costs, office space, meeting rooms, and mentorship are all included.

Registration is open until March 22, 2017. Registration cost is $10 and includes refreshments throughout the event. You may bring your own meals or order them in.

The event will take place at the Downtown Business Centre at 9240 Young Road from Friday, March 24, 2017 at 5:00 p.m. until Saturday, March 25, 2017 at 5:00 p.m.

To register, please visit http://chilliwack.tech/Hackathon.

The Chilliwack.Tech website and monthly meetup exist to set and maintain the beat of the local tech start-up community. We facilitate inter-organization collaboration, and can act as a first point of contact feeding people into larger programs at the University of the Fraser Valley (UFV), SRCTec, ACETECH, etc.

We are part of the Chilliwack Innovation Network, in partnership with UFV EPIIC, SRCTec, ACETECH, Community Futures South Fraser, and Chilliwack Economic Partners, and are hosted by Cnawlece.

Contacts:

Colin Schmidt
Cnawlece
1-888-792-1117
info@cnawlece.com

Brian Coombes
President, Chilliwack Economic Partners Corporation
604-792-7839
coombes@chilliwackpartners.com

KPU teams with SRCTec to advance sustainability


KPU teams with SRCTec to advance sustainability

Langley, BC—Kwantlen Polytechnic University (KPU) and the Sumas Regional Consortium for High Tech (SRTec) have planted a seed.

KPU’s Institute for Sustainable Horticulture and SRTec have signed a letter of intent recognizing the complementary nature of their respective work, and pledging to consult in areas of mutual interest, including agriculture and agri-food technology.

“We are thrilled to work with SRTec to advance our mandate of supporting a higher level of sustainability and environmental responsibility in agriculture, horticulture, and urban landscapes,” said Dr. Deborah Henderson, director of the institute, and LEEF Regional Innovation Chair.

The Institute for Sustainable Horticulture at KPU facilitates and conducts applied research through partnerships with industry and KPU’s surrounding communities, and engages students for experiential learning and skill development which are highly valued by future employers.

Meanwhile, the not-for-profit SRCTec is a coalition of local government, higher education, and industry partners who work to attract tech-based investment into the Fraser Valley as a region. Specifically, SRCTec provides support, resources, and advice toward technology-led economic and educational development including innovation and incubation, research and tech transfer and industry-driven skilled technical training.

“The LOI we now have with KPU’s Institute for Sustainable Horticulture further catalyzes our work to promote and support agri-innovation in the Fraser Valley, and achieve a globally competitive agri-foods sector in B.C.,” said Raymond Szabada, chairperson and CEO of SRCTec.

BC’s technology sector is the third largest contributor to the province’s economy, making up to 7.6 per cent of gross domestic product and producing $23.2 billion in annual revenue.

For more information:

Mike Manion
Program Director
AG Tech Venture Acceleration
T: 778.837.3809
mmanion@srtec.org

Corry Anderson-Fennell
Manager, Media and Communications
Kwantlen Polytechnic University
t: 604.599.2840
c: 604.828.5232
corry.anderson-fennell@kpu.ca

It’s universal theme of acceptance is about Madhu, a retired transgendered sex worker who is asked to “look after” a young girl who has been trafficked into the notorious red-light district of Bombay and train her for what’s to come.