Richmond clean tech startup tops Innovate BC-New Ventures Competition
Vancouver, BC – Richmond-based Volta Air has won the 2018 Innovate BC-New Ventures Competition grand prize of $110,000. The startup has created a cost-effective and sustainable refrigeration solution for the urban delivery market. Volta Air topped the 10 finalists that advanced to the final round of the six-month, four-round competition. Nelson’s Cyberdontics and Vancouver’s Medimap took home the second and third place prize packages, valued at $60,000 and $35,000 respectively. Cyberdontics is bringing precision robotics and digital automation to the field of dentistry, while Medimap is reducing wait times at walk-in clinics by more than 50 percent. “Congratulations to all of the award winners and nominees. Every year, the Innovate BC-New Ventures Competition showcases the best and brightest new startups in B.C.,” said Bruce Ralston, Minister of Jobs, Trade and Technology. “This year, the tradition continued with an impressive list of competition graduates who are on the pathway to bringing their ideas to the next level and further elevating B.C. as a leader in Innovation in its modern meaning is a "new idea, creative thoughts, new imaginations in form of device or method". Innovation is often also viewed as the application of better solutions that meet new requirements, unarticulated needs, or existing market needs..” The winners of the 18th annual competition were recognized at an awards ceremony Monday evening at the TELUS World of Science. The ceremony officially kicked off Vancouver Startup Week. The Innovate BC-New Ventures Competition also awards industry-specific packages, recognizing startups for their commitment to innovation in specific sectors and markets.
2018 Innovate BC-New Ventures Competition Winners
- CRM GeoTomography – $20,000 BC Resource Industry prize package
- Careteam Technologies – $17,000 Vancity Social Venture prize package
- Cyberdontics – $10,000 Innovate BC Top Regional Startup prize package and $15,000 CDRD Life Sciences prize package
- Quupe – $6,000 BC Tech Association Growth Programs prize package
“For 18 years we’ve been blown away by the breadth and high level of innovation coming out of all corners of our province,” said Mike Volker, Board Chair of New Ventures BC. “From healthtech to cleantech to technologies designed to drive the sharing economy, I’m excited to see these companies make a huge impact on B.C. and Canada.” This year’s finalists represent the diversity at play in B.C.’s tech sector. Two of this year’s top ten finalists, Careteam and Quupe are led by female CEOs, and both Cyberdontics and Skaha Remote Sensing are located outside Metro Vancouver.
“We are extremely excited to be celebrating our 10th year as title sponsor of this incredible competition,” says Innovate BC President and CEO, Shirley Vickers. “Year after year, this competition attracts entrepreneurs from a wide range of industries and continues to recognize companies that are creating innovative tech solutions all over British Columbia.” Since 2000, the Innovate BC-New Ventures Competition has provided mentorship and support to more than 2,360 startups who have created almost 4,000 jobs. The 19th annual Innovate BC-New Ventures Competition will launch in Spring 2019.
About the Winning Companies
Volta Air Technologies (Richmond, BC)
Volta Air makes electric and zero-emission transport refrigeration units designed for the urban delivery needs. Their products allow for a complete off-engine operation during idling (i.e. at stops) and offer a cost effective and sustainable refrigeration solution for the urban delivery market. www.voltaair.com
Cyberdontics (Nelson, BC)
Cyberdontics has been developing a Robotic Crown Shaping Platform (RCSP) that automates shaping teeth to accept crowns in a fraction of the time presently required. Reducing time under the drill from an hour to three minutes is an important advantage to patients, as is the one appointment that is eliminated. In a typical practice, RCSP will save approximately 300 hours/year that dentists may use to build their practice, increase their incomes, or play golf. www.cyberdontics.ca
Medimap (White Rock, BC)
Medimap connects patients with same-day access to care. Their website, medimap.ca, lets patients look up wait times at over 50% of the walk-in medical clinics across Canada and join the clinic’s wait list remotely to spend less time in the waiting room. www.medimap.ca
CRM GeoTomography (Richmond, BC)
CRM GeoTomography Technologies, Inc. (CRM) is a revenue-generating ($1M/year and growing) spin-off company from TRIUMF, Canada’s particle accelerator centre. CRM has developed a proprietary 3D imaging and monitoring technology platform with applications in multiple markets, including helping exploration geologists reduce cost and waste. www.crmgtm.com
Careteam Technologies (Vancouver, BC)
Careteam is an AI-enabled digital health platform that solves the fragmentation of health care and facilitates optimal health for patients experiencing complex chronic diseases and health events. As patients navigate fragmented care environments, the platform works to keep patients, family and healthcare professionals on the same page to reduce gaps in care and improve outcomes. www.careteam.tech
Quupe (Vancouver, BC)
Quupe is a sharing economy platform that allows users to rent almost anything from locals – whether they are abroad or at home. Everything on the platform is insured up to $10,000. www.quupe.com
For more information, please contact:
New Ventures BC