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.

Agritech program promotes innovation and market growth.

 


Agritech program promotes innovation and market growth

NEWS RELEASE

Ministry of Agriculture
For Immediate Release
2017AGRI0003-000040
Jan. 10, 2017

 

MISSION ʹFraser Valley agritech entrepreneurs will meet with Agriculture Minister Norm Letnick today to share a first-hand look at innovative developments in the agritech sector.

The AG-Tech Venture Accelerating Program (AVAP) is supporting agriculture technology by providing training and mentoring to maximize commercialization opportunities and accelerate growth in agritech companies.

Sumas Regional Consortium for High Tech (SRCTec) is partnering with BC Innovation Council (BCIC) to promote agriculture technology innovation and commercialization in the Fraser Valley through AVAP. Four local agritech companies, Vitalus, Novobind, Picker Drones Inc. and Nutriva Group, are participating in the next session of the intensive four-day acceleration program where they will receive mentorship and coaching, training and networking opportunities.

AVAP was launched in 2014, with 32 Fraser Valley agritech companies completing the program to date. Since its launch, provincial benefits have included job creation and increased company revenues and investments in the B.C. agritech industry. AVAP aims to foster innovation and drive skills training in local established and new tech companies, as well as identifying opportunities and overcoming challenges faced in the rapidly changing market. The program is providing the skillsets and insights needed to succeed in the emerging agritech sector.

British Columbians have the opportunity to learn more about B.C.͛s agritech industry on Jan. 26 -28, at the 19th Annual Pacific Agriculture Show 2017. SRCTec͛s booth is featuring the latest in Ag sensors, pathogen protection and new farming methods. The event is showcasing the latest and most-innovative equipment and technology for the agriculture industry to help enable B.C.͛s agritech sector to remain competitive and promote long term growth.

The #BCTECH Strategy is a key component of the BC Jobs Plan to support the growth of B.C.͛s vibrant technology sector and strengthen British Columbia͛s diverse innovation economy. The multi-year strategy includes a $100-million BC Tech Fund and initiatives to increase talent development and market access for tech companies that will drive innovation and productivity throughout the province.


Quotes:

Norm Letnick, Minister of Agriculture –

“͞The B.C. government supports innovation across the province͛s agritech sector and the AGTech Venture Accelerating Program is promoting commercialization opportunities and accelerating growth in the Fraser Valley. Programs such as AVAP will help drive our sector͛s competitiveness and long term growth as we work towards increasing B.C. agrifood and seafood sector revenues to $15 billion per year by 2020.”


Marc Dalton, Maple Ridge-Mission MLA –

“͞By supporting programs like AVAP, we͛re ensuring that B.C. agriculture is informed and equipped with the best farming methods available. The participating organizations will also benefit from the additional training and networking opportunities, setting them on a path for long-term growth.”


Simon Gibson, Abbotsford-Mission MLA – 

“I’m glad to see that four of our Mission based organizations are benefitting from the AVAP program. Technology is rapidly changing how we live our lives. By supporting agritech, we are attracting new talent, creating jobs, and ensuring that B.C. agriculture remains ahead of the curve.”


Mike Manion, executive in residence, Sumas Regional Consortium for High Tech – 

Accelerators such as SRCTec guide entrepreneurs with knowledge, wisdom, and experience to ensure innovative agricultural technologies achieve commercialization.


Carl Anderson, president and CEO, BC Innovation Council – 

“Innovation is the transfer of technology into vital sectors like agriculture, fueling their success and growth. The AVAP is key piece of BC Innovation Council͛s Innovation Exchange which helps agritech innovations reach traditional industries and regional communities throughout the province and create jobs in B.C.”


Learn More:

Find out more about the AG-Tech Venture Accelerating Program: https://srctec.org/avap/

Click here for full details about the 19th Annual Pacific Agriculture Show 2017:
https://srctec.org/19th-annual-pacific-agriculture-show-2017/

Learn more about Sumas Regional Consortium for High Tech: https://srctec.org/


Media Contacts:

Jill Milne
Government Communications and Public Engagement
Ministry of Agriculture
778 676-4460

Mike Manion
Sumas Regional Consortium for High Tech
778 837-3809

Connect with the Province of B.C. at: www.gov.bc.ca/connect

 

 


 

Innovation Day 2017 at the “Loft” at the Pacific Tradex

Please visit us upstairs at the “Loft” on January 27 from 1:00 – 4:00 pm and have a chance to view some of the latest projects our local Ag tech entrepreneurs are working on as well as listen to two dynamic speakers on how Precision Ag might impact you. Sensors that will reduce your pesticide applications to robots that will reduce your manhours.

  • 2:00 – 2:15 pm Ray Szabada
    Update from SRCTec
    Ray is a serial entrepreneur and current CEO of SRCTec
  • 2:15 – 2:45 pm Don McCabe
    A Farmers View of Where Tech and Ag Collide
    Don McCabe is former President of the Ontario Federation of Agriculture and active cash crop farmer from near Sarnia, Ontario.
  • 2:45 – 3:15 pm Timothy Kendrick
    How Tech is Impacting Food
    Timothy is the President of BW Global Greenhouse Structure focused on evolving the production of food and plants in controlled environments.

 

SRCTec and TMFox Incubator

The Sumas Regional Consortium for High Tech (SRCTec), Fraser Valley’s hub for tech companies and entrepreneurs, has added additional resources to help local tech innovators and expand their reach into Chinese and international markets.

At their international headquarters in New Westminster, TMFox Incubator helps link high tech start-ups and the investment world together. Essentially the “matchmaker” of the tech world, TMFox Incubator has over 800 companies they work with to initiate business development overseas.  These companies help with prototyping and manufacturing, giving Fraser Valley tech entrepreneurs the capability and competence to become valuable in markets that are hard to get in. The partnership with TMFox Incubator will help enhance start-ups in this region with regard to staging of commercialization and scaling up business.

With innovative products and technologies coming out of SRCTec’s venture hub, TMFox recognizes that some of these are applicable to China’s consumers, giving ventures a chance to align with Chinese business and markets. With SRCTec’s introduction and involvement, TMFox intends to work with the local businesses in finding partners in Chinese markets and positioning our local technology products and or facilitating technology transfer.

 

“As a new comer to the local high tech and business theme, we are thrilled to have this opportunity to develop deep and long term working relationships with the local incubators such as SRCtec. With the joint effort of SRCtec and TMFOX, we will bring strong benefits such as capital investment, manufacturing capability and Chinese market access to the Canadian businesses, helping them grow and be successful. Thank you, SRCtec to make us feel welcomed.” – Vicky Kang, TMFox

 

Logo_TMFOX_Incubator_CA_V[1] copyAbout TMFox

At TMFOX, we truly put our focus on technology and innovations that can potentially change people’s life.
– We never carelessly negate any business opportunities and ideas.
– We discover entrepreneurs that can make things happen.
– We respect the passion and desire of success from the entrepreneurs.
– We be their capital for starting the new business and be their assistant for innovation.

 

With a well-established network of communication and a professionally designed and executed workflow. We establish a relationship with the entrepreneurs that is full of trust and cooperation.

With the contribution and influence of TMFOX, we wish to make the business we have helped becoming the darling of the capital market and respectable company.

 

 

 

 

Launching a Start-Up? Consider Reverse Vesting

When launching a start-up, the founders of the company are typically allocated a certain percentage of the initial shares of the company. While the allocation of shares is expected to compensate each founder for their expected contribution to the company, circumstances can change over time and it is important to address expected contributions and the consequences of early departure amongst the founding team up front. As an example, if a founder decides to leave the company for another opportunity, in the absence of a reverse vesting arrangement, the departing founder does not have a legal obligation to return any un-earned portion of his or her shares to the company. This can leave the company and the other founders in a difficult position because: (a) the other founders are forced to work for the disproportionate benefit of the departed founder, and (b) the company and its shareholders will have to incur further dilution in order to provide equity as an incentive for another person to replace the departed co-founder’s skillset.

A reverse vesting arrangement sets the expectation for how long a founder must stay engaged with the company in order to earn his or her shares, and gives the company the contractual right to repurchase any un-earned shares at a nominal price if the founder leaves the company prior to fulfilling his or her full commitment to the company. As an example, in a typical four year reverse vesting arrangement, if a founder leaves the company after two years, he or she would be obligated to return half of his or her shares to the company. A typical reverse vesting term is three to four years, and, while most arrangements call for pro-rata vesting over the entire vesting term, some arrangements will have a “cliff” which requires a founder to remain with the company for a certain minimum period of time before the vesting begins.

Overall, a reverse vesting arrangement allows each founder to maintain legal ownership of their shares from the outset and as the company grows, which results in favourable initial tax treatment, long-term capital gains treatment and voting rights. This is accomplished while still protecting the interests of the other founders and the company in the event of early departure of a founder. As part of their due diligence, investors will also often look to see if reverse vesting arrangements are in place, and having arrangements in place in advance of a first financing gives the company and founders a better chance to dictate the terms rather than having terms imposed upon them by investors.

 

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Ally Bharmal is a Partner and business lawyer at Fasken Martineau DuMoulin LLP. His practice focuses on corporate and commercial business advice for a variety of clients, with an emphasis on the technology and agri-business sectors.   For more information about reverse vesting arrangements or other legal matters, contact Ally at abharmal@fasken.com

 

Hope BC Embraces Innovation for Experiential Travel

HOPE, BC – Responding to the trend of experiential travel, AdvantageHOPE has partnered with award-winning augmented reality tech company, QuestUpon, to create an interactive walking tour for visitors and residents of the community.

“We wanted to develop a fun, modern, and family-friendly way to help our visitors learn more about Hope and its history, while also being a leader in bringing this innovative technology to the tourism industry,” said Tammy Shields, Executive Director of AdvantageHOPE. “Many of our guests are only in town for a short time, and this self-guided walking tour gives them something to do while they are here, experiencing some of our local attractions and history – including Rambo – in a fun and interactive way.”

The Heroes of Hope quest takes the visitor on an interactive GPS-guided tour through downtown Hope, navigating to various points of interest. Some of these include wood carving scavenger hunts, trivia, travelling time to see history come alive with buildings that are no longer standing, seeing a sternwheeler come up the river, a gold panning game, taking photos, and more.

“With experiential travel on the rise, we wanted to provide a wide variety of activities or missions that educate and entertain,” said Tammy Meyers, co-founder and Chief Operating Officer of QuestUpon. “We blend animated 3D augmented reality into a real world scavenger hunt with geocaching, thereby delivering a compelling experience into the palm of the traveler’s hand, using their smartphone. It’s a fun way for people to enhance their visit.”

The Heroes of Hope quest is easy to use and fun for families and kids of all ages. Get started by downloading the free app, ‘QuestUpon’, on iPhone or Android.

District of Mission and SRCTec Welcome $30,000 in Provincial Funding to Support the Creation of a Regional Tech Sector Development Plan

Mission, B.C. – The Sumas Regional Consortium for High Tech (SRCTec) and the District of Mission welcome $30,000 in provincial funding to support the development of a strategic plan to grow the tech sector across the region, including a framework for skilled technical training and education.

Presented by MLA Simon Gibson, the funding will allow the Municipality and SRCTec to develop a strategy to support the continued rapid growth of the tech sector in Mission.

The tech sector in Mission has seen exponential growth in recent years and the creation of the fastest growing technology hub in the lower mainland. The partnership between SRCTec and the Municipality has led to co-locating SRCTec’s Technology Centre of Excellence with Mission’s Economic Development Office, creating a central point of contact for established tech businesses and entrepreneurs looking to realize the benefits of locating in Mission.

Stacey Crawford, Director of Economic Development with the District of Mission says, “We are pleased to be able to undertake these important projects and thank MLA Gibson and the Provincial Government for this funding. A tech strategy of the connectivity needs of the sector in Mission will help build on the considerable momentum we’ve created in partnering with SRCTec.”

SRCTec chairman and interim CEO Raymond Szabada adds, “We’ve known for a long time that Mission offers a prime location for start-ups and established tech companies. With this funding and the continued support of the Provincial Government and the Municipality we’re building an industry that will contribute to Mission’s profile.”

SRCTec also operates a very successful technology venture accelerator program, having graduated over 30 new technology businesses from the Technology Centre of Excellence (TCE) in downtown Mission over the past 15 months.

Together, the District of Mission and SRCTec have launched the Tech Starts Here campaign, attracting technology businesses and entrepreneurs to Mission.

For additional information contact: Media Inquiries:

Michael Boronowski, MA
Manager, Civic Engagement & Corporate Initiatives
604-820-3732
mboronowski@mission.ca

Athena Leskun
Marketing & Program Manager

1604.615.4619

aleskun@srctec.org


About the District of Mission: Mission, BC is located on the beautiful northern bank of the Fraser River. The only municipality in the Fraser Valley Regional District with rapid transit to Vancouver through the West Coast Express, it is home to a burgeoning technology sector as professionals and entrepreneurs realize the benefits of reduced costs of doing business, lower costs of living, easy access to gorgeous coastal lakes and mountains as well as the US Border and core transportation corridors. Find out more at http://www.mission.ca

About SRCTec: The Sumas Regional Consortium for High Tech (SRCTec) is a not-for-profit organization governed by a select group of technology executives, and a coalition of local government, industry partners and high education institutions interested in attracting tech based investment into the Region. Based in Mission, BC, SRCTec operates a Technology Centre of Excellence, and two thriving venture accelerator programs having graduated over 30 new technology businesses across big data, mobile, manufacturing, augmented reality, and the agriculture-tech industries. Find more information at https://srctec.org

 

Graduates include:


My Green Space
– A master gardener for your pocket, My Green Space is an app helping

anyone grow their own food with confidence. http://www.mygreenspace.co/

Advanced Intelligent Systems Inc. – Using robotics to drive innovative systems increasing performance and productivity, and simplifying complex manufacturing processes. http://ai- systems.ca/

CEA Innovations – CEA Innovations offers some of the most advanced technology in robotics and mechatronics in North America, working with one of Canada’s best robotics teams at Simon Fraser University. https://ceai.ca/

Smartsettle – Smartsettle is changing the way the world negotiates with the world’s most advanced negotiation system. http://www.smartsettle.com/

Watergenics Inc – Watergenics holds the exclusive worldwide license to the patent-pending Hybrid Atmospheric Water Generator invented in the Laboratory for Alternative Energy Conversion at SFU. http://watergenicssolutions.com/

Greenhouse Games Develops ‘city builders’ app formats for the mobile & tablet mass market on a global level.

TechMist – Techmist is an effective disinfection system to help control problems such as pine beetles, West Nile and H5N5 virus control. http://www.techmist.com

Air Phaser Air Phaser’s non-thermal plasma technology-based system to solve indoor pollution problems. http://www.airphaser.com

Canadian Agri-Char – Canadian AgriChar, is a Canadian based company located in British Columbia whose main focus is the manufacture and distribution of “biochar” for use in soil remediation and growth enhancement. http://www.canadianagrichar.ca

GrowZorb – Precision growing materials. We are proud to offer the world’s first commercially viable, food safe, polyurethane hydroponic growing medium. http://www.growzorb.com

Lumex Instruments – We work for those who are engaged in unraveling the mysteries of smallest differences in chemical composition. For them, we develop analytical procedures and design new original instruments. http://www.lumexinstruments.com

Nova BioRubber – Production of natural rubber and latex from rubber-bearing plants in North America to satisfy global demand and to solve latex allergy. http://novabiorubber.com

SRCTec Celebrates 30 Local Tech Start Ups Through the Venture Acceleration Program

Businessman and business sketch

MISSION – The Sumas Regional Consortium for High Tech (SRCTec) a non-profit agency based in Mission, dedicated to facilitating innovation and entrepreneurial ventures in the Fraser Valley, is celebrating their 30th venture in the Venture Acceleration Program.

Since January 2015 technology entrepreneurs who are focused on enhancing ideas in Agriculture, ICT and Manufacturing Technologies have been entering the doors of SRCTec for the Venture Acceleration Programs that SRCTec offers. This program that is funded through the Province and BCIC, has given local starts up a chance to access resources, training and support within the SRCTec network. With a mandate of 30 ventures during their 3-year contract, SRCTec is celebrating their 30th graduate at the halfway mark of their program duration.

SRCTec is the only organization in BC that offers agri-tech specific venture acceleration. The funding has allowed SRCTec to bring on dedicated Executive in Residences (EIR’s) to the team to provide training and mentorship to the companies in the program. With agriculture and technology in two of the eight key sectors in the BC Jobs Plan, SRCTec is working with its ventures to create employment, and it’s working.

To name a few from the many that have enrolled: Two weeks ago SRCTec venture My Green Space, released their much-awaited gardening app on the App Store. Their vision is to have thriving, nutritious, fresh food gardens in every home, office and green space on earth. A more sustainable world is a couple of seeds away. They believe that once you are empowered to grow your own food, the impact is everlasting. Ventures such as Air Phaser’s non-thermal plasma technology-based system to solve indoor pollution problems, TechMist’s effective disinfection system to help control problems such as pine beetles, West Nile and H5N5 virus control, innovation such as these are being developed right outside our front door.

Greenhouse Games on the ICT Venture Acceleration Program front develops ‘city builders’ app formats for the mobile & tablet mass market on a global level, has completed the Market Validation Training (MVT) and is poised to get into the gaming movement.

Businesses are being developed and jobs are created – which is exactly what the objectives are.

Quick Facts:

  • Established in 2012, Sumas Regional Consortium for High Tec (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).
  • SRCTec is committed to the technology-led Economic and Educational development of the region.
  • BC’s technology sector is the third largest contributor to the province’s economy, making up to 7.6% of our gross domestic product and producing $23.2 billion in annual revenue and, $31 billion in exports.

Learn More:

Sumas Regional Consortium for High Tech: www.SRCTec.org

Contact:

Athena Leskun

SRCTec, Marketing Manager

aleskun@SRCTec.org

604-615-4619

SRCTec at the China-Canada Economic & Trade Cooperation Conference

SRCTec CEO Raymond Szabada in partnership with the City of Mission, delivers presentation on Regional value propositions as related to the Tech Sector at
the: CHINA (GUANGDONG)-CANADA (BRITISH COLUMBIA) ECONOMIC AND TRADE COOPERATION CONFERENCE
TWO-WAY INVESTMENT AND TECHNOLOGY INNOVATION ROUND TABLE

Guangzhou & Canada Strengthens Cooperation in the Technological Innovation Field
Release time : 2016-05-17

The Two-way Investment and Technological Innovation Sub-forum of China (Guangdong)-Canada (British Columbia) Economic and Trade Cooperation Exchange was held in Vancouver, Canada on the morning of May 9, 2016. The sub-forum was jointly held by Invest Guangzhou. The roundtable is the largest of the four sub-forums of the economic and trade cooperation exchange with the largest number of participants. Xiao Zhenyu, director-general of Guangzhou Municipal Commission of Commerce, introduced the advantages and prospects of Guangzhou as a city focus on entrepreneurship and innovation and a series of policies on supporting enterprise innovation. Canadian enterprises and Guangzhou Economic and Trade Cooperation Delegation exchanged views on the energy, e-commerce, energy conservation and environmental protection and the high and new technology and reached a batch of intent of cooperation.  More than 100 representatives, from the Government of British Columbia, Vancouver investment promotion agency, municipal government of the City of Mission, The Sumas Consortium for High Tech (SRCTec) Canadian enterprises, and Guangzhou Economic and Trade Cooperation Delegation, attended the roundtable.

 

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Business Resource Basics from BDC

The fact is that a business plan — even just a one-pager with a few financial projections — can be a valuable internal tool.  A road map for even the smallest or earliest-stage idea. It can foster alignment, set the tone for the business and even help you craft your brand messaging. Along with your business plan your marketing strategy should be outlined to help communicate your messaging. Our sponsor BDC has provided us with links to three key resources that every business can use – business plan templates, marketing strategy template and information on starting a business.

Business Plan Template

https://www.bdc.ca/EN/articles-tools/entrepreneur-toolkit/templates-business-guides/Pages/business-plan-template.aspx

Marketing Strategy for Businesses

https://www.bdc.ca/EN/articles-tools/marketing-sales-export/marketing/Pages/default.aspx

Starting a Business

https://www.bdc.ca/EN/articles-tools/start-buy-business/start-business/Pages/default.aspx