Welcome!

News Feed Item

BCTIA Shortlisted for National Technology Accelerator Funding

Multi-year Program to Establish Innovation Hub to Grow High-Potential BC Tech Firms

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/20/14 -- The BC Technology Industry Association (BCTIA) acknowledged today their Centre4Growth Incubator Program has been shortlisted for expansion funding under CAIP, the federal government's Canada Accelerator and Incubator Program delivered by the National Research Council of Canada Industrial Research Assistance Program.

The BCTIA proposal includes the creation of an Innovation Hub, a physical centre for co-locating high-tech growth firms, BCTIA mentors and industry resources. By augmenting its current virtual Centre4Growth venture services with a physical space, the BCTIA will provide high-potential firms and entrepreneurs the opportunity to connect, exchange ideas, seize new opportunities and receive guidance with a high level of depth, effectiveness and immediacy.

"We greatly appreciate the federal government recognizing the importance of building a knowledge economy in Canada and availing the CAIP funding to organizations like ours," stated Bill Tam, President & CEO of the BCTIA. "We are also proud and appreciative of the tremendous support that industry has provided, helping to validate the project and our CAIP funding proposal. To date, 18 industry partners have made significant multi-year commitments to the project; recognizing the importance of such a facility within BC's technology ecosystem," Tam said.

"Vancouver has a great entrepreneurial culture and our startup community is recognized globally," said Tam. "By anchoring our successful Centre4Growth program within the Innovation Hub, our goal is to create a beacon to our region and the world, drawing together the best talent, entrepreneurial innovation and channels to global markets and venture capital in one energized place, from which the next billion dollar companies will emerge," Tam added.

In just under four years, the BCTIA Centre4Growth program has helped 422 clients companies, who collectively have generated over $110 million in new revenue and investments and created 451 new jobs. Client companies in the program have an impressive 94% survival rate.

As part of the Government of Canada's Venture Capital Action Plan, the CAIP Fund was launched in March 2013 as a $60 million program to provide funding to a limited number of accelerators and incubators across Canada that meet strict eligibility and selection criteria. The government's investment will support incremental activities that expand the overall service offerings to early-stage firms and entrepreneurs, and promote a higher output of SMEs that are investment-ready and able to develop into sustainable, high-growth businesses. In the 2014 Budget, the federal government announced an additional $40 million for the fund.

About the BCTIA

Officially incorporated in 1993, the BC Technology Industry Association (BCTIA) is a not-for-profit organization that supports the development, growth, and advancement of technology companies in British Columbia. Our Mission is to help companies grow and build world-class organizations; global leaders that anchor a vibrant technology ecosystem and which serve as an inspiration to entrepreneurs in our community.

Through programs like our Centre4Growth, we support tech companies at all stages of growth and development - from startups to rapidly-growing mid-sized companies, and large global players. The BCTIA works to improve British Columbia's competitiveness and visibility by advancing the development of BC's tech powerhouse - an industry of over 9,000 companies that employ almost 90,000 skilled professionals today. www.bctia.org www.centre4growth.com @bctia

Contacts:
Media Contact:
Cindy Pearson - COO
T: 604-602-5234
E: cpearson@bctia.org

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
There are 66 million network cameras capturing terabytes of data. How did factories in Japan improve physical security at the facilities and improve employee productivity? Edge Computing reduces possible kilobytes of data collected per second to only a few kilobytes of data transmitted to the public cloud every day. Data is aggregated and analyzed close to sensors so only intelligent results need to be transmitted to the cloud. Non-essential data is recycled to optimize storage.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
In his session at @DevOpsSummit at 19th Cloud Expo, Robert Doyle, lead architect at eCube Systems, will examine the issues and need for an agile infrastructure and show the advantages of capturing developer knowledge in an exportable file for migration into production. He will introduce the use of NXTmonitor, a next-generation DevOps tool that captures application environments, dependencies and start/stop procedures in a portable configuration file with an easy-to-use GUI. In addition to captur...
Stratoscale, the software company developing the next generation data center operating system, exhibited at SYS-CON's 18th International Cloud Expo®, which took place at the Javits Center in New York City, NY, in June 2016.Stratoscale is revolutionizing the data center with a zero-to-cloud-in-minutes solution. With Stratoscale’s hardware-agnostic, Software Defined Data Center (SDDC) solution to store everything, run anything and scale everywhere, IT is empowered to take control of their data ce...
SYS-CON Events announced today that SD Times | BZ Media has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. BZ Media LLC is a high-tech media company that produces technical conferences and expositions, and publishes a magazine, newsletters and websites in the software development, SharePoint, mobile development and commercial UAV markets.
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain.
In the first article of this three-part series on hybrid cloud security, we discussed the Shared Responsibility Model and examined how the most common attack strategies persist, are amplified, or are mitigated as assets move from data centers to the cloud. Today, we’ll look at some of the unique security challenges that are introduced by public cloud environments. While cloud computing delivers many operational, cost-saving and security benefits, it takes place in a public, shared and on-demand ...
Both SaaS vendors and SaaS buyers are going “all-in” to hyperscale IaaS platforms such as AWS, which is disrupting the SaaS value proposition. Why should the enterprise SaaS consumer pay for the SaaS service if their data is resident in adjacent AWS S3 buckets? If both SaaS sellers and buyers are using the same cloud tools, automation and pay-per-transaction model offered by IaaS platforms, then why not host the “shrink-wrapped” software in the customers’ cloud? Further, serverless computing, cl...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin, ...
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...