HATCH startup company Microdermics has joined forces with Vetta Pharma, a leading contract development and manufacturing organization, to enable late stage process development and device manufacture on a commercial scale.
BC hosts one of the largest tech work forces in Canada, with nearly 10,000 tech companies in the province by 2015. The sector was showcased at the #BCTECH Summit from March 14-15 at the Vancouver Convention Centre. See coverage on Canadian startup news website betakit.com.
On February 8, 2017, the winners for the second BC Innovation Council Ignite Awards were announced. ExcelSense Technologies, a HATCH startup company, was one of three BC research projects in natural resources and applied sciences awarded a total of $873,475. Award criteria are based on commercial and technical viability as well as the ability to be market ready within three years. The BC Innovation Council is a provincial crown agency that promotes BC tech and market-driven innovation, to strengthen the BC economy.
Skin simulation software developed by the HATCH startup company Vital Mechanics was used to create realistic skin movement of magical creatures in the film based on J. K. Rowling’s book, “Fantastic Beasts and Where to Find Them.”
Two $1-million contributions from UBC alumni to the entrepreneurship@UBC Seed Fund will provide additional early-stage capital to help UBC ventures build their businesses. Greg Peet, a Sauder School of Business alumnus and technology entrepreneur, gave $1 million to the fund, equalling a $1-million donation from Glenn Walsh, a Faculty of Applied Science alumnus and founder of mining construction company, the Tercon Group.
UBC’s new technology startup incubator, HATCH, launched in ICICS on October 26. HATCH is a collaboration between the Institute for Computing, Information and Cognitive Systems (ICICS), entrepreneurship@UBC, the Sauder School of Business and the Faculties of Science and Applied Science. HATCH is home to 11 ventures that are getting ready to launch their products on the market.
The 2016 BC Innovation Council’s New Ventures BC Competition has awarded its top prize of $100,000 to Microdermics Inc., co-founded by Electrical and Computer Engineering/Mechanical Engineering professor Boris Stoeber. Efforts to expand the use of microneedles being commercialized by the company, to make blood testing non-invasive and painless, were covered by the Vancouver Sun in July 2016. Third prize was awarded to Iris Automation, founded by UBC alumni Alexander Harmsen (CEO) and James Howard (CTO). The company is developing advanced collision avoidance systems for industrial drones, and was featured in the Vancouver Sun in August 2016. The BCIC-New Ventures BC Competition is the largest technology start-up competition in Canada.
Startup Canada has given Andrea Palmer-Boroski, President and CEO of Awake Labs, its 2016 Young Entrepreneur Award. The award is for “exemplifying the spirit of Canadian entrepreneurship”. Read our profile of Andrea and Awake Labs here.
Arbutus Medical, founded by UBC biomedical engineering graduates, has received a $1-million investment from Grand Challenges Canada to pursue market expansion across Africa and India. The company makes a sterilizable drill cover system that allows the use of inexpensive hardware store drills in bone surgery. It has been used to treat more than 10,000 patients across 14 countries and has been listed with the U.S. Food and Drug Administration.
The UBC-incubated startup company Acuva Technologies Inc. has developed a novel, portable, low-power water purification system based on breakthrough research in UV-LED technology conducted at UBC. Initially targeting the North American recreational boating market, the company intends to bring the technology to developing countries by 2020. Acuva’s enormous potential was recently recognized by investors when it secured $850,000 in its first round of seed funding.
The UBC startup company Aspect Biosystems (see profile under Success Stories) has been selected as an “Emerging Rocket” in the Life Sciences category of the Rocket Recognition Program run by the management consulting firm, Rocket Builders. Aspect Biosystems, also chosen in 2015, is one of ten companies selected in the category. These companies are considered to have great potential for investment and market breakthroughs in the coming year. The BC Tech Association also named Aspect “most promising startup” at the 2016 Technology Impact Awards in June 2016 (see Applied Science news release).
The Rocket Recognition Program, with Emerging Rockets and Ready to Rocket lists, showcases BC tech companies most likely to be revenue growth leaders in the near future.
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Faculty of Applied Science News Releases
Read more Faculty of Applied Science News Releases