Applications open for 22nd Annual New Ventures BC Competition 

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Applications open for 22nd Annual New Ventures BC Competition 

MAR 14, 2022 | NEW VENTURES BC

Ready to put your startup to the test? The 2022 New Ventures BC Competition, presented by Innovate BC, is now open for entries. 

Apply by April 11, 2022, for a chance to be named one of the top new tech companies in the province. 

Why enter? Join over 200 early-stage tech startups vying for $250,000 in cash and prizes. Competitors also get access to New Ventures’ online educational seminar series, mentorship opportunities, and in-person networking events. 

How it works: Over six months, companies go through three rigorous rounds of competition, with winners announced live at the Awards ceremony in October. 

Who can win? Startups must be based in BC and have raised less than 1M. All types of tech are welcome. See eligibility and rules. 

Now in its 22nd year, BC’s largest and longest-running tech competition is known for identifying and propelling forward the province’s most quickly-rising startups. 

MintList (Traffic Driven), Train Fitness, and Moment Energy have gone on to raise a combined 6.5M in seed and pre-seed funding, in just one year since taking top prizes at the 2021 awards. 

“As a two-time Olympian I love the thrill of competition and know that it’s the people that give B.C its competitive edge,” said Ravi Kahlon, Minister of Jobs, Economic Recovery and Innovation. “The New Ventures BC Competition is an incredible opportunity for our best and brightest tech entrepreneurs to share ideas, learn from each other and grow their companies. This competition supports a key mission of our StrongerBC Economic Plan to foster innovation across the province while growing an economy that works for everyone.” 

“It’s incredible to see how well recent winners are doing and that speaks to the increasing caliber of our competitors,” said Angie Schick, Executive Director, New Ventures BC. “Last year, we launched important new prizes to recognize impressive alumni and women-led ventures. Building on that, we’re excited this year to launch the Innovate BC $10,000 sustainability prize, to help support a greener future.” 

Winner of last year’s Alumni Impact Award was 2013 second-place finisher AbCellera. The Vancouver-based company has undergone lighting-speed growth with its antibody therapies that fight COVID-19 and is currently Canada’s most valuable biotechnology company. 

AbCellera is far from the competition’s only notable success. Earlier this year, VFX company and 2015 alumni Ziva Dynamics has gone on to be acquired by Unity, Victoria-based Certn has grown to 270 employees since 2017, and 2020 alumni Daanaa has just raised 7M. 

“Entrepreneurs should not miss out on this incredible competition that provides the province’s top startups with the hands-on support they need to build great companies in communities across B.C.,” said Raghwa Gopal, President and CEO, Innovate BC. “We are extremely proud to continue to be the title sponsor of this initiative that, for more than 20 years, has helped shape some of B.C.’s most successful companies that are creating innovative tech solutions all around the province.” 

Ready to enter? Apply by April 11, 2022

Additional information: 

● Online info session March 23 

● Education Seminars kickoff March 29 

 

Videos: 

● Competition Explainer Video 

2021 Competition Finalists 

● Past Competition Winners 

 

Media Contact: 

Jamil A. Karim 

jamil.karim@gmail.com 

604-317-5786 

 

About New Ventures BC 

New Ventures BC (NVBC) was initiated 22 years ago to help early stage tech startups grow. As a non-profit, they run the annual New Ventures BC Competition, the Distance Venture Acceleration Program, and the Discovery Foundation Sales Accelerator program. To date, the New Ventures BC Competition, presented by Innovate BC, has supported over 3000 companies which have created 8600+ jobs and have raised over 1B in financing in BC. 

www.newventuresbc.com | @nvbc | @newventuresbc 

 

About Innovate BC 

Innovate BC helps foster innovation in B.C. so that British Columbians in all regions of the province can benefit from a thriving, sustainable and inclusive innovation economy. A Crown Agency of British Columbia, Innovate BC funds and delivers programs that support the growth of the B.C. economy by helping companies start and scale, train talent that meets labor market needs, and encourage technology development, commercialization and adoption. 

www.innovatebc.ca