XLRator Aims to Bridge the Gap Between Start-up and Commercialization within the Growing Fraser Valley Tech Sector

The Fraser Valley Tech sector is growing and tech entrepreneurs are beginning to see the value in locating their business in the Fraser Valley. There is a problem: tech startups require funding in order to reach commercialization. In the past the Fraser Valley has not been able to provide this to the local entrepreneurs resulting in the local talent relocating to Vancouver where they could find adequate funding.

XLRator’s mission is to bridge this gap between start-up and commercialization; not only providing the funds but also working closely with start-ups to bring innovative ideas to market.

There is a gap in the market and local tech start-ups are unable to gain traction without proper funding. XLRator plans to connect high net worth individuals to innovative start-ups, creating a synergistic relationship between entrepreneur and investor that will accelerate the Fraser Valley tech sector to the next level.

Raymond Szabada, CEO & Founder of XLRator, noted: “While spending the last few years mentoring startups through SRCTec’s start-up programs, I noticed that there was a constant lack of funding for these tech entrepreneurs. XLRator will enter the picture, working with SRCTec and local investors to provide Valley money for Valley tech entrepreneurs.”

Maple Ridge Innovation Day Leaves Audience with an Important Message: “Regional Collaboration is Key”.


Hosted by the City of Maple Ridge on April 4 2018, the Innovation in Emerging Cities Forum brought together the Region’s technology stakeholders, academia, government and industry at the ACT Arts Centre in downtown Maple Ridge. The event boasted a plethora of knowledgeable speakers, panelists and attendees all participating in the discussion throughout the day via Slido, an audience engagement tool.

As a tech entrepreneur, SRCTec CEO & Chairman Raymond Szabada participated in the afternoon panel discussion touching on the difficulties that local businesses face when looking to attract, develop or retain top talent within their organizations.

“The key to growth in today’s economy is people. Developing the workforce within the Region is imperative in order to foster growth and innovation in today’s growing technology ecosystem. The SRCTec team looks forward to working closely with all regional stakeholders in pursuit of the development of the Valley’s Tech economy.” noted Mr. Szabada.

If you are interested in attending events similar to this in the future, follow us on Twitter and Facebook to stay up to date.

Fraser Valley Start-up MOXY Prepares to Bring Revolutionary Building Material to Market.


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 – MOXY OID Technology Management Ltd. (MOXY) is a Fraser Valley start-up that has developed a proprietary building material they have branded as CERLOS. Made primarily from Lignocellulose Fibre, CERLOS solves numerous problems of current building materials for the construction industry such as water, fire, mold and termite damage. Having spent the past 18 years  and $20 million in research and development, CERLOS is now ready for commercial production.

Led by the impressive duo of Robert Bedard and Alan Heywood, and with the help of SRCTec, MOXY is beginning to explore numerous funding options in the Region, including what would be the region’s first Initial Token Offering (ITO).  Following the cryptocurrency craze of 2017, ITO’s have emerged as an effective tool to raise capital.

Upon completion of the manufacturing plant, MOXY’s first product launch will be CERLOS Siding, directly competing with fiber cement followed by CERLOS Roof Tiles that can be made to look like slate and cedar shake but at a fraction of the cost.

Raymond Szabada, CEO & Chairman SRCTec, noted: “Upon evaluation of Robert and his company, it was evident that he had a clear vision for where the company was headed. SRCTec supported MOXY by providing guidance for Robert in terms of funding options and will continue to support the company as they work to penetrate the building materials market.”

About MOXY OID Technology Management Ltd.

Bedard and Heywood began an extensive research and development process for CERLOS building materials in 2000, attempting to solve major problems: The costs of building supplies are steadily increasing along with the quantity and cost of fire and water damage. Fast forward to today and you have CERLOS building materials priced lower than most commonly used building materials and featuring a variety of benefits including: Fire resistance with a Class A fire rating, insect, rodent and bird resistance, water stability resulting in no shrinking or swelling, and mold resistance. In addition to these various features, CERLOS is 100% environmentally responsible, sustainable and produces zero waste throughout the manufacturing process. In addition, at the end of the product lifecycle, CERLOS can be 100% recycled to make new CERLOS products.

 

Contact:

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

Second Annual Hackathon Doubles in Size as Valley Tech Industry Continues to Grow


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).

CHILLIWACK – Thirty-two participants, exactly double last year, registered for the 2018 Hackathon, with all six competitive teams plus two non-competitive teams completing the process. The six competitive teams pitched and demoed their new tech companies to three judges: Raymond Szabada from SRCTec and i-Open Technologies; and Netty Tam and Brian Coombes from the Chilliwack Economic Partners Corporation.

The winning team, Gamma Games Interactive Inc., was awarded to Alex Terhart and Josh Zall. Alex and Josh built a 3D Space arcade game that focused on jumping right into the fun, combining modern 3D flight and graphics with game mechanics more akin to older arcade games such as space invaders.

An honorable mention was awarded to Team Tarsier, with Jill Shem Pagcaliwagan, Jess Peter Santos, Jess Luie Santos, Darnell Rosales, Jean Layton, Gabrielle Baul, and Jamela Erice. Team Tarsier created a product named Automated Academic Advisor, which helps students track their college and university graduation requirements and plan accordingly.

New for 2018, existing companies could join the fun. Last year’s winning team, now named Maplespace Inc. and host Cnawlece Incorporated both joined the marathon and launched new products during the final presentations. Maplespace launched a new 3D crossword puzzle game, while Cnawlece took the wraps off Fixpedient; a new system to help land developers underwrite their projects and list them in a marketplace for investors.

The event was organized by the http://Chilliwack.Tech community group, part of the Chilliwack Innovation Network. Supporters of this initiative included the University of the Fraser Valley’s Computing Student Association, SRCTec (Sumas Regional Consortium for High Tech), Community Futures South Fraser, CEPCO (Chilliwack Economic Partners Corporation), the Downtown Business Centre, and Cnawlece Incorporated.

Taking place at the Downtown Business Centre, participants started with a networking session late Friday afternoon to get to know each other, then received a one-hour education session that introduced using three common tools to validate new business ideas. Those who showed up with ideas but not a team gave a quick pitch to attract additional team members. Then all teams worked on both the business plan and the technology for 20 hours, iterating and “pivoting” as needed. Several teams changed up their plans significantly at least once during the event.

All teams received two mentorship sessions along the way. One session early Friday evening to help validate the ideas, and another Saturday morning to help ensure they would be ready for the pitches and demos. The mentors included Duane Storey from Lindell Media, Wim Kerkhoff from CraftyPenguins, Tim McAlpine from Currency Marketing, Dave Leger from Loop Energy Inc., Colin Schmidt from Cnawlece Incorporated, and Kalvin Morrow from Greenhouse Games.

The winning team is awarded $1750 towards bringing their product to market; sponsored by CEPCO, Community Futures South Fraser, SRCTec, and the Downtown Buisness Centre. They are also awarded six months of office space at the Downtown Business Centre.

Team lead, Alex Terhart of the winning team, before the final presentations and knowing his team had won, commented that “we learned so much more than we expected to! It was awesome.” The feedback from participants in general, judges, and sponsors once again clearly indicated that this annual event for Chilliwack is here to stay.

Raymond Szabada, CEO & Chairman SRCTec and 2018 Hackathon judge noted: “The Hackathon continues to attract young innovative talent, effectively stimulating the entrepreneurial spirit in the Valley. The Chilliwack.Tech community group did an excellent job organising and hosting the event and we look forward to what’s in store for the 2019 Hackathon.”

Any questions about this event, or the Chilliwack.Tech community in general, can be directed to Colin Schmidt at colin.schmidt@cnawlece.com

Pictures and public comments on the event can be found on Twitter at: https://twitter.com/search?f=tweets&vertical=default&q=ChwkTech

PWC Business Leaders Breakfast Session Taking Place April 17 at PWC Surrey Office


Register today – limited availability

Is your company’s innovation funding affected by evolving Federal Government policy? Is your SR&ED claim being prepared in line with current CRA expectations?

Innovation is THE new buzzword being used by the Federal Government. With the recent announcement of the 5 successful superclusters, and the recent 2018 Federal Budget providing increased direct funding mechanisms under a more streamlined delivery structure, the latest chapter in Canada’s funding strategy for science and technology promises to be exciting for many corporations.

We invite you to attend our breakfast sessions to hear PwC’s interpretation of current trends and developments for innovation support, and the latest CRA policy application within the centrepiece SR&ED program, to help you understand how each will potentially impact your company’s investment in innovation and SR&ED claims in future. We’ll also introduce new tools to help you navigate this new realm of innovation support.

Speakers

Ted Bell
Partner and National Leader, SR&ED and Other Tax Incentives
ted.bell@pwc.com
Ted Bell is a partner in the Tax Services practice of PwC. He leads our National Incentives practice, which includes Scientific Research & Experimental Development (SR&ED), in addition to supporting PwC’s Climate Change Services team as a technical subject matter expert. Ted has worked with numerous clients to help them apply for and claim a variety of government incentives and to identify, document, prepare and successfully defend their SR&ED claims.

Jason Cheng
Partner, Tax Services
jason.c.cheng@pwc.com
Jason Cheng is a Partner in the Tax Services practice of PwC He leads the technology team in the BC Incentives practice, which includes Scientific Research & Experimental Development (SR&ED). He has extensive government incentives and tax experience in many different industry sectors including computer software development, semiconductor design and biotechnology.

George Stefan
Partner, Tax Services
george.stefan@pwc.com
George Stefan is a Partner in the Tax Services practice of PwC. He leads the Fraser Valley team in the BC Incentives practice, which includes Scientific Research & Experimental Development (SR&ED). His industrial manufacturing and entrepreneurial experience is helping clients to identify, document, prepare and successfully defend their SR&ED claims. He has successfully defended multi-million dollar claims with CRA offices in several provinces.

Register

Two dates and locations to choose from:
1) Fraser Valley
Tuesday, April 17
PwC’s Fraser Valley Office
13450-102nd Ave, Suite 1400
Surrey, BC
Register for Fraser Valley

2) Vancouver
Tuesday, April 24
Terminal City Club
837 West Hastings Street
Vancouver, BC
Register for Vancouver

Agenda
7:30 am – 8:00 am Networking and breakfast
8:00 am – 9:30 am Presentations and Q&A

Contact
To have somebody contact you about your SR&ED needs, contact:
Ian Bates
Manager, Technology Sector
ian.k.bates@pwc.com
604-495-8921

The City of Maple Ridge to host Code-a-thon and Innovation Day as part of the Innovation in Emerging Cities initiative.


MISSION – In October 2017, SRCTec introduced collaboration between Industry, Government and Education through the Fraser Valley’s first Tech Forum in Mission. As part of the Tech Starts Here initiative, the Forum served as the platform to discuss ways to support and leverage the tech sector for local economic and workforce development within this Region. Leveraging the local momentum and topics covered in the Fall Forum, The City of Maple Ridge has taken initiative and is hosting the Innovation Day on April 4th 2018, featuring panel discussions touching on key topics including “Fostering a Climate for Innovation in an Emerging City” and “Attracting, Developing & Retaining Talent”. The event will also include keynote speakers Dr. Salvador Ferreras (Provost & VP. Academic, Kwantlen Polytechnic University) and Steve Dotto (Dotto Tech), a long standing celebrity in the BC Tech circles.

In addition to the Innovation Day, as part of the Emerging Cities initiative, The City of Maple Ridge and Esri Canada are hosting an online code-a-thon open to secondary and post-secondary students in the lower mainland as well as business owners in Maple Ridge. The contest is looking for an innovative app, tool or more using the City of Maple Ridge’s open data portal and four winners will each be awarded a prize of $300.

Raymond Szabada, CEO & Chairman SRCTec, noted: “Events such as the Innovation Day are critical to the growing tech sector economy and the development of a local, skilled, technical workforce. Building the tech sector within this Region cannot be done by one organization, the collective efforts of all regional stakeholders is imperative. The SRCTec team fully sponsors Maple Ridge for taking the initiative to organize and host the spring event”

 

For more information on these exciting developments please click the following links:

Innovation Day

Innovation in Emerging Cities Code-a-thon

2017 Fraser Valley Regional Tech Forum

Tech Starts Here

 

Contact:

Erik DiGuistini
Marketing & Communications Assistant
1.877.523.5543 ext 16
ediguistini@srctec.org

2018 Chilliwack Tech Start-Up Hackathon – Registration Now Open!


Registration is now open for the 2018 Hackathon! SRCTec is very excited to be a part of this event once again as last year’s event was such a success. SRCTec CEO & Chairman Raymond Szabada will be one of four all-start judges at this event alongside Netty Tam (CEPCO), Steven Tao (Downtown Business Centre), and Helen Yu (Downtown Business Centre). If you or anyone you know is interested, please register for this event by clicking the following link. 

 

http://chilliwack.tech/hackathon

 

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 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

 

SRCTec launches Fraser Valley Tech Jobs to retain and attract tech talent in the Fraser Valley

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 (SRCTec), as part of the Tech Starts Here initiative and in partnership with the District of Mission, has launched a new job board portal: fraservalleytechjobs.com. The cost of living continues to rise in B.C. so as a result, more people are moving to the east Fraser Valley to save on residential expenses and cost of doing business. This job board is designed to continue to create a base of technical talent in the Region by increasing awareness, skilled tech training and creating local tech jobs. Fraser Valley Tech Jobs caters to both employers and employees. It is designed will bridge the gap between employers looking to hire and local tech talent looking to lose the commute.

Raymond Szabada, Chairman of the Board & CEO, SRCTec, noted: “Our new job board will allow local tech talent to connect with local employers and begin to facilitate attraction of outside talent. Fraser Valley Tech Jobs will allow employers and employees to realize and tap-in to the potential of the tech industry in the Fraser Valley. We’re excited to be a part of the evolution and growth of the Fraser Valley Tech industry; this is one of many projects SRCTec is introducing to the Region”

Stacey Crawford, Economic Development Officer, District of Mission added: “Over the past year, we have worked closely with SRCTec in the spirit of solution-oriented collaboration to address a challenge voiced by many Fraser Valley businesses: How do we attract and recruit technology talent to our region? Today, we are proud to introduce the first step in addressing this question with the launch of fraservalleytechjobs.com”

 

Learn More:
Fraser Valley Tech Jobs: fraservalleytechjobs.com
SRCTec: srctec.org
District of Mission: www.mission.ca
 

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