Stimulating Canada's Technology Sector
TORONTO, Feb. 16, 2012 /CNW/ - Alpha Group and Backbone magazine are pleased to announce the launch of the Alpha Exchange
Innovation Campaign. This Campaign is the combination of a national
contest aimed at identifying inspired Canadian technology ideas and
entrepreneurs and following the winners in their journey to bringing
ideas to the marketplace over a period of a year. This Campaign is a
unique opportunity to learn about what it takes to build a technology
company and to understand the eco-system within which technology
companies can thrive.
"The technology sector in Canada needs attention," states Jos Schmitt,
CEO of Alpha Group. "We don't lack innovation or entrepreneurs, we
don't lack investors, but we do lack an efficient eco-system and
securities exchange that will allow great technology entrepreneurs to
turn their ideas into successful companies that will in turn fuel our
economy. Promising entrepreneurs go to the U.S., get acquired at an
early stage or list too early in Canada. The result is a Canadian
economy without a developed technology sector that is so critical to
its future. The Alpha Exchange wants to change this, not only by
proposing a new approach to listings and liquidity truly focused on the
success of the issuers, but also by helping to build the eco-system
that is critical to these companies in the initial and early stages of
their life-cycle. This is why we decided to launch, with Backbone, the Alpha Exchange Innovation Campaign."
"The Alpha Exchange Innovation Campaign is consistent with Backbone's mandate of inspiring innovation and helping companies learn from other
businesses," says Steve Dietrich, Publisher of Backbone magazine. "After the contest, it becomes a live case study. It not only
allows for a great profile for the winner but will provide excellent
stories for our readers. It is also an opportunity for Backbone and our sponsors to further Canada's overall competitiveness on the
Call for Entries
Qualified entrants are early-stage companies with revenue of no more
than $2 million annually. Successful entrants will have a ready-to-sell
product or service and a complete business plan and market analysis.
Any business or technology sector is relevant.
The Alpha Exchange Innovation Campaign includes the following:
$95,000 in prizes (part seed capital, part products and services)
A live pitch event, judged by leading technology and business leaders
A full year of follow-up editorial exposure (successes, challenges,
advice) in print and online
The top 200 applicants will be featured guests at the World Congress on
Information Technology (WCIT), being held from Oct. 22 to 24, 2012 in
The competition application form is online at www.backbonemag.com/startmeup
Timing of the Campaign:
Contest Applications Until March 31, 2012
Judging April 2 to 21, 2012
Awards Event May 16, 2012
Follow-Up Winner Stories - Online and Print May 2012 to April 2013
About Alpha Group - Alpha Group is an organization set up by nine leading Canadian financial
institutions in 2007 to reinvigorate trading in Canadian markets at a
time it was characterized by a lack of liquidity, efficiency,
innovation and state-of-the art technology. After having achieved
substantial results in the Canadian trading space with its Alternative
Trading System (Alpha ATS), a marketplace competing for the trading
business with other organizations such as the incumbent exchange, Alpha
Group decided to bring similar change and benefits in the Canadian
listing space. This led to the formation of the Alpha Exchange, the new
generation Canadian exchange built on the principles of trust and
entrepreneurship. In mid December 2011, Alpha Exchange received
regulatory approval from the Ontario Securities Commission, with an
effective launch date planned within the next couple of months. Alpha
Exchange will not only foster quality listings and liquidity, but also
re-energize innovation and entrepreneurship in Canada across the
industry sectors that have been neglected over the past several years.
One of these sectors is technology.
For further information regarding Alpha Group, visit www.alpha-group.ca.
About Backbone - Backbone magazine is a broad-based business magazine focused on technology.
Distribution is 100,000 copies to The Globe and Mail subscribers, 1,000 to Air Canada Lounges, 3,000 to 4,000 copies to
approximately 10 tech/business trade shows per month and 150
innovation-related events per year. Backbone targets educated, influential and affluent decision makers, early
adopters and forward-thinking executives who strive to keep up to date
with important technology trends for business and personal use.
SOURCE Alpha Group
For further information:
Marketing, Alpha Group
Publisher, Backbone magazine