aDolus Technology Wins 20th Annual New Ventures BC Competition
aDolus Science or knowledge put into practical use to solve problems or invent useful tools. has been crowned the winner of the 2020 New Ventures BC Competition, presented by Innovate BC. The Nanaimo-headquartered cybersecurity startup took home more than $135,000 in cash and prizes, which included the $115,000 Innovate BC First Place Prize Package.
Vancouver’s Daanaa Resolution Inc. claimed the $65,000 Innovate BC Second Place Prize Package for their sustainable wireless charging solution for electronic devices. E-commerce A company initiated by individual founders or entrepreneurs to search for a repeatable and scalable business model. Fable rounded out the top 3 and walked away with $35,000.
This year’s competition received a record-breaking 240 applications. Since 2000, the Top 25 Finalists have gone on to raise over $860M in investment and create over 8,600 new jobs. Notable past alumni include AbCellera, Lumen5, Jane Software, and Cuboh.
aDolus Technology specializes in safeguarding against malicious software and firmware in smart devices. Their flagship FACT Platform simplifies software validation and can be used by organizations across any industry. aDolus is a graduate of Creative Destruction Labs and boasts an array of strategic partners, including the Department of Homeland Security.
In addition to the top three prize packages, the final 10 companies also competed for three specialty prizes. This year’s winners include:
- aDolus Technology (Nanaimo, BC) — $20,000 Innovate BC Top Regional Startup
- Castofly (Vancouver, BC) — $10,000 Innovate BC People’s Choice Award
- Rootd (Victoria, BC) — $7,000 Rogers for Business In-Kind Prize Package
In total, over $250,000 in cash and prizes were awarded during last night’s Awards Show.