VANCOUVER, Sept. 13, 2012 /CNW/ - New and early stage technology companies throughout the province now
have improved access to highly qualified entrepreneurial expertise and
know-how. Through the efforts of the BCIC Acceleration Network, a province-wide alliance of regional partners is collaborating to
deliver a structured venture growth program to technology entrepreneurs
in all corners of BC.
"For tech entrepreneurs, getting to a point of sustained profitability
is extraordinarily difficult," said Dean Prelazzi, Managing Director of
the BCIC Acceleration Network. "There are exciting startups and
early-stage tech companies all around the province with tremendous
potential. But success is often many years in development with numerous
challenges along the way. This network has been designed as a rigorous,
province-wide team effort to help them succeed."
A unique undertaking in BC, and possibly Canada, this initiative unites
multiple sources of advice and mentorship into a single, highly
coordinated network. Working together in this manner creates a network
effect which increases the diversity of expertise that entrepreneurs
have access to throughout the province. By anchoring these efforts to a
proven growth model, the network provides entrepreneurs a consistent
and disciplined method of accelerating the growth of their companies.
The ultimate mission of this alliance is to grow jobs in B.C.'s
technology sector throughout the province.
"The technology sector is vitally important to Canada Starts Here: The
B.C. Jobs Plan," said John Yap, Minister of Advanced Education,
Innovation and Technology. "The BCIC Acceleration Network is increasing
tech start-ups in two regions already, and will soon be moving the jobs
agenda ahead throughout the province by accelerating the
commercialization of technology and spurring the rapid growth of new
Currently supported by the BC Innovation Council, the BCIC Acceleration
Network is operational in the Okanagan through Accelerate Okanagan, and in Victoria with the recent addition of Accelerate Tectoria. In its first 12 months, 47 startups have joined the program. In this
time frame they have collectively attracted in excess of $4M in
investment, generated $1M in revenues and created 140 jobs for British
Columbians. Through the balance of 2012 and 2013, BCIC is expanding the
network throughout the province with the Lower Mainland, West
Kootenays, Central Interior and Central/Northern Island rolling out
More information about the BCIC Acceleration Network, including updates
on its delivery partners, can be found at bcicacceleration.ca.
BCIC encourages the development and application of advanced or
innovative technologies to meet the needs of industry in BC. We
accelerate technology commercialization by supporting startups and
developing entrepreneurs. With our partners, BCIC delivers programs and
initiatives that promote company growth - resulting in jobs, increased
revenue and economic development in BC.
BCIC is a Crown Agency of the Province of British Columbia.
www.bcic.ca | www.twitter.com/BCIC
About Accelerate Okanagan
Accelerate Okanagan, a technology focused not-for-profit, was formed on
December 31, 2010 with the mission to increase the number of technology
companies that start and grow in the Okanagan by helping to develop and
support a vibrant entrepreneurial, creative and innovative technology
community and providing programs that support entrepreneurs and
technology companies looking to start, accelerate and grow.
www.accelerateokanagan.com | www.twitter.com/accelerateok
About Accelerate Tectoria
Accelerate Tectoria is a physical place for startup and early stage tech
entrepreneurs in Greater Victoria to receive access to seasoned
coaches, mentors, service providers and community partners. It provides
assistance to help clients build networks to ensure the success of
their ventures and is a vehicle that leverages the knowledge and
experience of our tech community members. The Accelerator Centre is
powered by VIATeC and funded by BCIC, Western Economic Diversification
& NRC IRAP
SOURCE: BC Innovation Council
For further information:
Marketing & Communications Manager
604-602-5249 | 604-551-9068