TEC Edmonton
Celebrating Client
Excellence
Annual Report 2013/14
Dr. David Bressler (left)
President and CEO
Forge Hydrocarbons
Gas and Diesel
from Grease and Lard
University of Alberta spin-off
company Forge Hydrocarbons
turns waste materials into
environmentally friendly and
sustainable diesel, gas and
petroleum products.
Story on page 10.
2013/14
Facts
$76 million
Total financing/funding raised by clients
1,693
360
Entrepreneurs and
researchers advised by
TEC Edmonton
New jobs created in 82
TEC Edmonton client
organizations with 25%
growth in the year
5
Number of new
University of Alberta
spin-off companies
$136
million
81
Number of contracted TEC Edmonton
clients through Business Development and
Technology Management
25%
Growth rate of TEC Edmonton’s
clients, as compared to benchmark
10% growth rate for early stage
entrepreneurial ventures
Revenue generated by 95 TEC
Edmonton clients
95%
Occupancy rate at TEC Centre, a business
incubator where innovators get office
space and resources to help launch their
technology companies
$38.1 million
R&D expenditures by TEC Edmonton
clients
TEC Edmonton: Client Stories
LoginRadius
page
8
Used by over 120,000 website customers worldwide, and ranked 26th among Canada’s Top 100
Startups, LoginRadius has introduced a powerful new
social login tool to the world.
Prophysis
University of Alberta spin-off company Prophysis
fights Hepatitis B, influenza, herpes and other
diseases with its cutting-edge anti-viral compounds.
9
Forge Hydrocarbons
A pilot plant turning grease and lard into diesel, gas
and jet fuel is now operational at the Edmonton Waste
Management Centre.
10
CCW Energy Systems
CCW’s new EnerSaver technology has found new ways
to reduce power consumption and add more clean
energy options for the oil & gas industry.
11
New TEC Edmonton Initiatives
Through TEC, two of Canada’s largest investor
networks joined forces to create a new powerhouse
funding resource for entrepreneurs, while TEC helps
the University of Alberta (UA) introduce a novel way to
connect UA resources to companies in need.
12
Table of contents
Messages from TEC
page 2
Stories of Success
8
What We Do
4
Statement of Financial Position
14
How We Help
6
Acknowledgements
15
TEC EDMONTON 2013/14 ANNUAL REPORT
1
Messages from
TEC Edmonton
CEO
Five years ago, we envisioned Edmonton
as one of North America’s leading
innovation regions. Through many avenues, this
•
We have a unique Human Resources model
based on strong experiential and technical
credibility. Our 12 executives-in-residence have
deep experience as executive-level entrepreneurs.
They are supported by highly qualified Business
Development Associates. Both these groups are
expected to move on from TEC: this constantly
adds to the entrepreneurial skills in the region.
In addition, our technology management
professionals are among the best in Canada.
•
Our strong network brings together entrepreneurs,
investors, researchers, governments, and large
companies to create new economic opportunities.
is now being realized, and we’re thrilled to be playing
a part in Greater Edmonton’s renaissance. We do
this by providing direct, high-value services to young
technology companies, to help them access capital,
develop new markets, manage intellectual property,
and grow successfully.
As we have reported before, our ~125 active clients
are an outstanding group of companies. Since 2011,
TEC Edmonton clients have grown both revenue
and employment by 25% per year, compared to
a benchmark growth rate of ~10% for early-stage
technology companies. In the last three years, they
have generated $310M in revenue, raised $160M in
financing, invested $85M in R&D, and now employ
over 1800 people. Their one-year survival rate of 98%
is well above the national benchmark rate of ~85%.
We attribute these outcomes to our clients, not to
TEC. But we do know that companies using our
services – and those of other accelerators – do much
better.
TEC Edmonton is a unique organization. Our model is
receiving growing recognition from around the world.
•
2
We are a true community partnership: a joint
venture between the City of Edmonton and the
University of Alberta, with strong support from
multiple funders, corporate sponsors, and from
our clients.
TEC EDMONTON 2013/14 ANNUAL REPORT
This focus on a) strong technical and experiential
credibility, b) broad community sponsorship and c)
strong networks drives the excellent outcomes that
make Greater Edmonton an innovation leader.
A richness of research, innovation and
entrepreneurship will ensure Alberta remains a place
where present and future generations will thrive. It’s an
ecosystem we’re proud to support, and we thank our
clients for helping TEC Edmonton be named the 2014
“Incubator of the Year” by Startup Canada, and the
10th Best University Business Incubator in the world by
the University Business Incubator Index.
We congratulate all our clients and thank our board,
funders, sponsors and dedicated people for helping
TEC contribute to a stronger region and province.
Chris Lumb
CEO, TEC Edmonton
Board Chair
Board Vice Chair
Bridging the gap between research and
community is key to Alberta’s economic
growth. TEC Edmonton was created as that bridge,
Edmonton is home to some of the world’s
top new products, companies and
intellectual resources. TEC Edmonton is leading
connecting the world-class innovation of the University
of Alberta (UAlberta) with the business community.
the way in innovation and the world is taking notice of
Edmonton.
The University is privileged to support some of
the world’s top researchers, with groundbreaking
technologies under development that can enhance
quality of life and grow our region’s economy. As the
technology management agent for the University of
Alberta, this year TEC Edmonton helped launch five
spin-off companies and supported 12 university preincorporated projects. TEC increased our UAlberta
portfolio with the addition of 90 inventions, 91 patent
applications and 19 licenses/options. In addition,
TEC Edmonton staff contributed to the University by
accessing $15.3M of research funding, which will
contribute to future commercial outcomes.
A joint venture of the Edmonton Economic
Development Corporation (EEDC) and the University
of Alberta, TEC Edmonton has helped foster an
innovation ecosystem by connecting researchers,
entrepreneurs and investors with top-quality resources
to grow ideas and companies. This has resulted in new
jobs, investment and long-term economic growth. This
culture of entrepreneurship is making Edmonton a solid
competitor in the world marketplace.
I’m delighted to see TEC Edmonton recognized
by the University Business Incubator Index as
the 10th best university incubator in the world.
It’s a glowing reflection of TEC’s dedication to the
transfer of knowledge from our campus to the
region. I look forward to another year of outstanding
commercialization, and invite everyone to join us at
TEC’s annual “Innovation… Makes Sense” event,
celebrating the outstanding achievements of University
of Alberta research commercialization.
TEC Edmonton offers clients unparalleled access to
resources and expertise for business and industry
and government. The University of Alberta enjoys
the reputation and the tangible benefits of being part
of this joint-venture. TEC Edmonton’s leadership in
commercialization and innovation is gaining recognition
across the world. It serves to enhance the entire city’s
reputation for being an entrepreneurial hub.
Brad Ferguson
TEC Edmonton Board Vice Chair
President and CEO, Edmonton Economic
Development Corporation (EEDC)
Lorne A. Babiuk
TEC Edmonton Board Chair
Vice-President Research, University of Alberta
TEC EDMONTON 2013/14 ANNUAL REPORT
3
What We Do
It starts with you and your idea for a
new technology-based product. Maybe
your idea only exists in your head right now. Maybe
you’ve already got a prototype but don’t know what
to do next. Maybe you’ve already got an early-stage
company and want to grow it.
Whatever your next step is, TEC Edmonton helps you
get there. Through expert advice, a broad community
network and a wide array of business, funding and
intellectual property services, TEC Edmonton has
the resources you need to scale up your technology
ventures.
TEC Edmonton Clients Do Better
By leveraging our services, TEC Edmonton clients
have consistently grown and performed well above
the Canadian benchmarks for entrepreneurs. As
evidenced by our annual client surveys, TEC clients
grow faster, create more new jobs and have better
long-term survival rates than the average Canadian
early-stage company.
Supporting An Innovation Ecosystem
TEC Edmonton is a not-for-profit joint venture
of the University of Alberta (UAlberta) and the
Edmonton Economic Development Corporation
(EEDC). We help create spin-off companies
based on the innovations developed at the
University, as well as connect UAlberta’s
powerful resources to the community.
Working in partnership with a broad range of
service providers in greater Edmonton, TEC
Edmonton also helps regional innovators within
the community achieve their entrepreneurial
goals.
The result is a strengthening of Alberta’s
economy. Edmonton is being recognized as one
of North America’s leading mid-sized regions for
wealth creation through innovation.
Our Vision
Our Mission
The prosperity resulting from TEC’s programs,
working in partnership with the community, will
contribute to Edmonton being recognized as one of
North America’s leading regions for wealth creation
through innovation.
TEC Edmonton’s purpose is to accelerate growth
of emerging technology-based companies.
Through its people, networks and facilities, TEC
Edmonton develops the Edmonton region’s
innovation reputation worldwide by:
Commercializing technology from private,
university and public sources
Helping build successful innovation-based
companies
Fostering and promoting innovation and new
enterprise development
4
TEC EDMONTON 2013/14 ANNUAL REPORT
Without guidance from TEC Edmonton advisors,
I doubt we would have felt confident enough to
continue. We’re now an incorporated company,
testing in schools. If we continue to grow, it will be because
of the support we’ve received from TEC Edmonton.
Kit Chen
Co-founder of Alieo Games and
Winner of the 2014 TEC VenturePrize Student Competition
2012-2014 TEC Edmonton Client
Economic Outcomes Summary
Three-year
total
2011-12
2012-13
2013-14
# of Organizations
Surveyed
74
103
126
Annual Revenue of
Clients
$73.4M (25%
annual growth)
$106.2M (25%
annual growth,
vs ~10%
Industry Canada
benchmark)
$132M
~$311M
Employment Created
by Clients
Employment grew
25%, from 600 to
748; 148 new jobs
in 49 orgs
Employment grew
28.5%, from 857
to 1102; 245 new
jobs in 72 orgs
25% growth to
1821 jobs
~25% growth to
1821 jobs, (vs 10%
Industry Canada
benchmark)
Financing/Funding
Raised by Clients
$29.6M
$54.9M
~$76M
~$161M
R & D Investment by
Clients
$17M
$31.5M
$38M
$86M
96%, (vs ~85%
Industry Can
benchmark)
98%
97%
One-year Survival
Rate of Clients
TEC Edmonton held our hand through our first
years, and when we mentioned TEC Edmonton’s
name with ours, it gave us credibility in the market.
David Melligan
Commercial & Operations Manager - Canada,
CCW Energy Systems
TEC EDMONTON 2013/14 ANNUAL REPORT
5
How We Help
TEC Edmonton provides business services to entrepreneurs, inventors and companies, customized
to your individual needs.
PHASE 1
PHASE 2
1st Contact
Getting To Know You
Initial Screening
Initial Screening
We meet with you to help you
identify your needs and to see
if we can help you. If we can
help, we move on to a deeper
assessment. If we can’t help you,
we’ll find somebody who can.
To assess your needs, we will bring a team of our people together to
help you assess what your critical near-term needs are. Every early
stage company is different, and our team of highly experienced former
entrepreneurs and technology experts will help you assess options,
and help prepare an acceleration plan that can guide your growth.
Our Organization
TEC Edmonton offers its services
within three highly integrated
divisions.
Business
Development
Technology
Management
BUSINESS DEVELOPMENT works
with you to move your company
forward by providing:
Entrepreneur
Development
1. TEC Executives-in-Residence
(EIRs): Expert advice from
experienced business professionals
who have started and grown
companies. EIRs are supported
by TEC Business Development
Associates, highly trained
professionals who bring analytical
business skills to client needs.
2. TEC Venture Angels: An investor
network combining TEC Edmonton
and VA Angels to consider
investment in maturing startup
companies.
6
TEC EDMONTON 2013/14 ANNUAL REPORT
TEC Edmonton has provided
tremendous support in raising over
$1 million of investment funding and
shareholder investment.
Richard N. Fedorak
President, Metabolomic Technologies Inc.
PHASE 3
PHASE 4
Acceleration Plan
Friends For Life
An acceleration plan for you may include:
The Future
1. Mentoring: Our 12 “Executivesin-Residence” are all successful
entrepreneurs who have been
there, done that and now want to
give back.
As a not-for-profit business incubator
and accelerator, TEC Edmonton is
in the business of helping young
innovative Alberta companies grow,
prosper and be wildly successful.
2. Protection for your technology:
Our Technology Management
specialists can advise you
on Intellectual Property (IP)
options, protection, licensing and
commercialization strategies.
3. Assistance with your development
as an entrepreneur through training,
network development and referrals.
4. Helping you successfully grow your
business with customized services:
•
•
•
•
•
•
•
•
3. UA Solve: TEC Edmonton matches
companies needing industrial
solutions to relevant University of
Alberta researchers and facilities.
TECHNOLOGY MANAGEMENT offers
expert advice on Intellectual Property
matters.
1. Assessment of market potential
and commercial viability for new
inventions.
2. Patenting advice and assistance.
3. Negotiation of licensing deals.
ENTREPRENEUR DEVELOPMENT
helps you grow as an entrepreneur. Its
programs include:
1. TEC Source: A panel of business
experts who advise new
entrepreneurs.
Market research
Business planning
Finding financing
Hiring key people
Securing space
Accessing product
development expertise
Developing go-to-market plans
Regulatory compliance
After we’ve worked with you, we like
to keep in touch, follow your growth,
and, as a partner along the road, join
you in celebrating your success.
If you need more help, we’ll be there
for you.
2. TEC Educational Seminars:
Customized workshops based on
the Business Basics For Innovators
(BBFI) program, and Go-To-Market:
a seminar program for startup
companies to develop strategic
marketing and implementation
plans with expert assistance.
3. TEC Centre: Providing office and
lab space, plus advisory services
for new businesses needing a base
of operations.
4. TEC VenturePrize: An annual
competition program for Alberta’s
top new companies.
We are indebted to TEC
Edmonton. Without its many
services and enthusiastic
support, our plant would
never have been built, nor would Radient
be in a position to capitalize on the many
opportunities now available to it.
Denis Taschuk
President and CEO
Radient Technologies, Inc.
TEC EDMONTON 2013/14 ANNUAL REPORT
7
LoginRadius
Deepak Gupta,
Rakesh Soni
INDUSTRY Information Technology
FOUNDERS
Website registrations increase as much
as 93% using new social login tool
Then-college students Rakesh Soni and
Deepak Gupta had already launched two
online projects using their own websites,
but the response was sluggish. The problem:
websites forcing people to “register” with a username,
password and filling in various fields. Nobody wants to
waste time on such mundane chores, and usernames
and passwords are long forgotten when a website is
re-visited down the road.
Why not sign in via social media? Why not click on a
Facebook, LinkedIn, Twitter, Google or Yahoo button
for instant sign-in? Soni and Gupta knew it could be
done, and LoginRadius was the means to do it.
Today, LoginRadius is used by over 120,000 website
customers world-wide. It was ranked 26th among
Canada’s Top 100 Startups (by TechVibes) and has
partnerships in place with tech giants Amazon.com,
Mozilla, Microsoft, DynDNS and X-Cart.
8
TEC EDMONTON 2013/14 ANNUAL REPORT
LoginRadius is still an Edmonton-based start-up
company, working closely with TEC Edmonton to grow in
a business-like way.
LoginRadius was honoured as a runner-up in the 2013
TEC VenturePrize Fast Growth Competition. Using TEC
Edmonton’s mentoring and coaching services, and
leveraging TEC Venture Angels to pitch for angel funding,
its first oversubscribed round of angel financing brought
in $350,000, and later raised $1 million in venture capital.
Prophysis
FOUNDERS Dr. Luis Schang, Dr. Jack Tuszynski, Dr. Lorne Tyrrell,
Dr. Michael Houghton, Dr. David Evans (not pictured)
INDUSTRY Healthcare
New Li Ka Shing Institute of Virology joins
the fight against deadly diseases
Fourteen world-renowned virologists,
their labs and research staff are gathered
on one floor of the University of Alberta’s Katz Group
Centre for Pharmacy and Health Research.
Their mission at the Li Ka Shing Institute of Virology:
to produce new knowledge to win the battle against
virus-caused diseases like Hepatitis B, Hepatitis C,
influenza and herpes. Among the group’s sterling
researchers are Dr. Lorne Tyrrell, inventor of the
Hepatitis B vaccine, and the co-discoverer of the
Hepatitis C virus, Dr. Michael Houghton.
To translate that knowledge into practical diseasefighting products, a new University of Alberta spin-off
company Prophysis was created.
TEC Edmonton is assisting Prophysis with business
development and market research, plus lending its
patenting and licensing expertise to the company.
To date, two potential products have been patented.
Dr. Luis Schang’s research into anti-viral compounds
known as RAFIs could lead to treatment for a wide
range of virus-caused afflictions. Patents have been
granted in the USA, China and Japan, and are under
examination in other jurisdictions. Dr. David Evans’
oncolytics program has proven effective in treating
cancer tumours in animal models. The process
has received a USA patent, and will now undergo
regulatory review of its safety in humans.
Other potential Prophysis products include new
anti-virals developed through advanced computer
technology, processes to analyse drug toxicity, and
new systems to diagnose liver diseases.
“We’re moving ahead,” says Dr. Schang, who also
serves as President of Prophysis. “Our technologies
can make the world better.”
TEC EDMONTON 2013/14 ANNUAL REPORT
9
Forge Hydrocarbons
FOUNDER
INDUSTRY
David Bressler
Agriculture & Energy
Turning grease and lard into diesel, gas
and jet fuel
University of Alberta researcher Dr. David
Bressler’s patented waste-oil-to-diesel
invention is coming to fruition. A pilot plant
(a mini-refinery turning out 20 litres of pure diesel
an hour) is now operational at the Edmonton Waste
Management Centre of Excellence.
Parent company Forge Hydrocarbons is moving ahead
with plans for a fully commercial refinery producing
60 to 80 million litres of diesel a year, all from used
cooking and industrial oils – oils that would otherwise
be nothing but waste.
Once the first plant is operational, more will be built
across Canada close to supplies of used and/or waste
oils. As the refining process is not capital-intensive,
smaller refineries near feedstock make more economic
sense than building one central plant.
10
TEC EDMONTON 2013/14 ANNUAL REPORT
Dr. Bressler has nothing but praise for the technology
management and business development assistance
he and Forge Hydrocarbons have received from TEC
Edmonton.
Without TEC Edmonton, I would not have
been so successful. Its knowledge translation
experience has helped with planning all
along the way. All the research I do now is coloured and
impacted by the knowledge I have gained from working
with TEC Edmonton.
David Bressler President and CEO, Forge
Hydrocarbons
CCW Energy Systems
Michael Lesanko,
Lorne Tilby
INDUSTRY Oil & Gas
FOUNDERS
The oil & gas industry gets a new
regenerative energy solution
CCW Energy Systems’ EnerSaver is
readying for take-off. The market is ready, says
Canadian Operations Manager David Melligan. And,
with three EnerSaver models each tailored to specific
market conditions, so is CCW Energy Systems.
The original EnerSaver – an electrical device designed
for oil-field pumps – is installed between the power line
and the oilfield pump in remote areas. When electricity
travels long distances via transmission lines, it not only
loses power but quality.
The EnerSaver cleans and smooths out the “dirty”
power coming off the grid, thus substantially reducing
electricity consumption by electrical motors at the
wellhead. The original EnerSaver also captures energy
from the pump jack, energy that can be returned to the
grid where such programs exist.
Along the way, as the Edmonton-based company
developed a technology marketing road map with
TEC Edmonton, CCW realized a simplified Enersaver
(minus the power-generating feature) would be equally
attractive in the marketplace. CCW continues to
develop new ways to reduce power consumption,
while adding more clean energy options for industry.
Meanwhile, a third hybrid Enersaver model was
developed that can provide its power-saving benefits
without interfering with previously installed current
control systems and well control software.
Internationally, the EnerSaver is undergoing approval
for use in Oman and Gulf Cooperation Council (GCC)
countries.
TEC EDMONTON 2013/14 ANNUAL REPORT
11
UA Solve
Zoltech
INDUSTRY Oil & Gas
COMPANY
New TEC Edmo
A new way for entrepreneurs to access University of Alberta expertise
UA Solve
Zoltech is a startup company in Alberta, one of the first
to take advantage of TEC Edmonton and the University
of Alberta’s UA Solve program.
“I had developed the Zoltech SureShot pump in a
machine shop,” says inventor Ron Szepesy. “I built my
prototype. It works in the way I had intended, but that
doesn’t mean it’s safe for public use.”
As time went by, Ron became more aware of what had
to be done to bring his pump to market, and it was a
monumental task. Through the recommendation of his
TEC Edmonton business advisor, he turned to UA Solve.
UA Solve Manager and TEC Edmonton Business
Development Associate Chris Lerohl sat down with
Ron to define the challenge as best they could. Chris
then went to the University of Alberta’s Department of
Mechanical Engineering.
Dr. David Nobes is an Associate Professor of
Engineering, an expert in fluid mechanics and design
and a consultant to private industry in the field. “As a
12
TEC EDMONTON 2013/14 ANNUAL REPORT
professional engineer, I’m responsible for public
safety,” says Dr. Nobes. “Going through an
engineering design process ensures the device
operates as intended without jeopardizing safety.”
Could Szepesy have gone to a private engineering
and testing firm?
“Sure,” says Dr. Nobes. “But given the small scale
of the project and challenges related to its unique
design, the university can use Ron’s pump as an
opportunity to give graduate students real work
experience, while using specific knowledge from
their research to make the project a success.”
The introduction to Dr. Nobes, through TEC
Edmonton and UA Solve, has been invaluable,
Szepesy says. “I’m excited. He brings credibility to
the project. I will be able to show future customers
an engineered project – not just a machine shop
invention.”
TEC Venture Angels
DIRECTOR
INDUSTRY
Randy Thompson
Investment & Funding
onton Initiatives
TEC introduces one of Canada’s largest angel investor networks
TEC Venture Angels
TEC Venture Angels launched in February 2014 as a
joint venture of the VA Angels private angel investors
group (Edmonton chapter) with TEC Edmonton’s
Alberta Deal Generator angel investor group.
In its first six months, more than 105 companies
applied through TEC Edmonton to pitch to the TEC
Venture Angels member investors. TEC Edmonton
carefully screens all applicants to ensure top quality
prospects for its investors.
Of the 105, 26 were investment ready – 18 making
their pitches to five investor-only meetings and eight
more presenting their companies at two public TEC
Venture Angel forums.
Members of the TEC Venture Angels decided to
invest in four Edmonton startups – SAM IO and
Granify received $200,000 between them. Past TEC
Edmonton client Innovative Trauma Care, back for a
third funding round, raised $110,000. VenturePrize
runner-up and TEC Centre tenant LoginRadius was
awarded $50,000.
The investments from the TEC Venture Angel group
represented investor confidence. The four companies
have since gone on to leverage the Venture Angels’
initial investments, raising close to $4 million in total.
TEC Edmonton gave us traction, lent us
expertise in developing our business plan,
expanded our business network, gave us
visibility and introduced us to investors. If we hadn’t
had TEC Edmonton’s help, we’d easily be six to eight
months behind where we are today.
Rakesh Soni
Co-Founder & CEO, LoginRadius
Login Radius leveraged TEC Venture Angels to pitch
for angel funding - its first oversubscribed round of
angel financing brought in $350,000, and they later
raised $1 million in venture capital.
TEC EDMONTON 2013/14 ANNUAL REPORT
13
Financial Summary
Statement of Financial Position
as of March 31, 2014
2014
$
2013
$
4,405,809
4,731,095
157,163
158,046
4,562,972
4,889,141
Current Liabilities
3,130,569
3,472,028
Net Assets
1,432,403
1,417,113
4,562,972
4,889,141
Revenues
7,103,476
7,597,382
Expenses
7,088,186
7,356,486
15,290
240,896
Assets
Current Assets
Other Assets
Liabilities and Net Assets
Statement of Operations
for the year ended March 31, 2014
Excess of Revenues Over Expenses
Revenue by Source
2014
$ 2,088,022
100%
$ 229,386
$ 32,991
$ 1,930,895
75%
50%
2013
$ 2,822,182
25%
% of total
revenue
14
Revenue from
Joint Venture
Partners
Grants
TEC EDMONTON 2013/14 ANNUAL REPORT
Sponsorship &
Program Fees
License Fees
& Past Patent
Recoveries
Other
Acknowledgements
TEC Edmonton
Board of Directors
TEC Edmonton
Senior Management
Chair
Dr. Lorne Babiuk
Chris Lumb
Vice Chair
Brad Ferguson
Chris Lumb
VICE PRESIDENT RESEARCH, UNIVERSITY OF ALBERTA
PRES. & CEO, EDMONTON ECONOMIC DEVELOPMENT CORP. (EEDC)
CEO, TEC EDMONTON
Michelle Borduzak
Alan Fair
PRESIDENT, FLATLANDER ENVIRONMENTAL SERVICES LTD.
DIRECTOR, TAILINGS, COSIA
Mona Hale
Jayant Kumar
Cindy McKay
CHIEF OPERATING OFFICER
VICE PRESIDENT, TECHNOLOGY MANAGEMENT
CONTROLLER
Laine Woollard
SENIOR LEGAL COUNSEL, TECHNOLOGY COMMERCIALIZATION
Randy Yatscoff
EXECUTIVE VP BUSINESS DEVELOPMENT
VICE PRESIDENT FINANCE, FINNING (CANADA)
Oleh Hnatiuk
PRESIDENT, CONNECT CAPITAL CORPORATION
Wayne Karpoff
Allan Scott
CHIEF EXECUTIVE OFFICER
Pamela Freeman
PRESIDENT, WILLOWGLEN SYSTEMS INC.
ADVISOR TO THE BOARD
Corey Smith
CHIEF EXECUTIVE OFFICER, NORALTA LODGE LTD.
Robert (Bob) Teskey
Q.C., FORMER MANAGING PARTNER, FIELD LLP
Funding Sources 2013/14
Sponsors
Joint Venture Partners
Partners
Silver
University of Alberta
Parlee McLaws LLP
Drader
Edmonton Economic Development
Corporation (EEDC)
Alberta Innovates Technology Futures
Ekota Central Ltd.
Edmonton Economic Development Corporation
Imperial Oil
Grants to TEC Edmonton
Edmonton Journal
Johnson & Johnson
University of Alberta
MHK Insurance Inc.
Platinum
ProGrid Evaluation Solutions
Alberta Innovates Health Solutions (AIHS)
Alberta Innovates Technology Futures
(AITF)
National Research Council of Canada –
Industrial Research Assistance Program
(NRC-IRAP)
Natural Sciences and Engineering
Research Council of Canada (NSERC)
Western Economic Diversification (WED)
Commercial Revenue
TSX Venture Exchange
Dynacor Media Group
Field Law
novaNAIT
PricewaterhouseCoopers LLP
TELUS
Gold
AIMCO
License Revenue
Alberta Women Entrepreneurs
Fee-for-Service Revenue
The Business Link
Corporate Sponsors
Enhanced Capital Recovery
Innovate Calgary
TEC EDMONTON 2013/14 ANNUAL REPORT
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TEC Edmonton Volunteer Service Providers
TEC VenturePrize
Rhiannon Adams PARLEE MCLAWS
Chris Astle CASTLEPOINT CONSULTING INC.
Fernanda Badano NATION9
Heather Barnhouse DENTONS CANADA LLP
Warren Bergen AVAC
Jerome Birot TELUS
Tony Briggs UNIVERSITY OF ALBERTA
Kimberly Cameron TELUS
Colin Christenson SIGNA STRATEGY & CONSULTING
Bill Cogan MACKINTOSH CONSULTING
Pierre Cormier PAULSON CORMIER & ASSOCIATES
Carol Dejong GRANT THORNTON
Allen Devine TELUS
Craig Elias INNERSELL
Shauna Feth ALBERTA BUSINESS FAMILY INSTITUTE, UOFA
Robert Fong TSX VENTURE EXCHANGE
Ibrahim Gedeon TELUS
Brian Goheen CHIRO FOODS LTD
Norm Greenwood GREENWOOD 2 MANGEMENT & OPERATIONS
Ted Heidrick UNIVERSITY OF ALBERTA
Scott Huisman TELUS
Saif Husain TELUS
Doran Ingalls PARLEE MCLAWS
Bruce Johnson AICML
Reg Joseph METABOLOMIC TECHNOLOGIES INC.
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TEC EDMONTON 2013/14 ANNUAL REPORT
Gil Kashmir IRAP
Van Konrad MBA ASSOCIATES
Greg Kureluk YARDSTICK
John Lambing TELUS
Meghan DeRoo McConnan GRANT THORNTON
Dale McCormick TELUS
Gord Meeberg INSIGNUS CONSULTING
Glynis Middleton G. WHIZ BUSINESS SERVICES INC.
Kristina Milke VA ANGELS
Darrell Neuman NAIT
Marty Park EVOLVE BUSINESS GROUP INC.
Dennis Pommen POMMEN GROUP
Qasim Rasi ENTREPRENEURSHIP HUB, U OF A
Mark Salopek UNIVERSITY OF BRITISH COLUMBIA
David Saxby SPARK COMMUNICATIONS INC.
Tracey Scarlett ALBERTA WOMEN ENTREPRENEURS
Diana Shaw INDEPENDANT
Craig Sherburne CRAIG K SHERBURNE PROFESSIONAL CORPORATION
Sameer Singh NORTHERN ALBERTA INSTITUTE OF TECHNOLOGY
Jim Slevinsky TELUS
Sam Soliman 310-DUMP
Jim Spiers RIGHT FIELD MARKETING
Lisa Spinks ALBERTA INNOVATES-ENERGY & ENVIRONMENT SOLUTIONS
Henry Yip NIRIX TECHNOLOGY
Ted Yoo BENNETT JONES
TEC Source Advisory Panel
Rhiannon Adams PARLEE MCLAWS
Bryan Anderson DELOITTE
Branka Barl NATIONAL RESEARCH COUNCIL - INDUSTRIAL RESEARCH
ASSISTANCE PROGRAM
Dennis Beishuizen BMO BANK OF MONTREAL
Robert Bothwell BENNETT JONES
Jason Byrne ROYAL BANK OF CANADA
Marc Carnes INCITE MARKETING
Keleigh Cormier PAULSON CORMIER & ASSOCIATES
Pierre Cormier PAULSON CORMIER & ASSOCIATES
Carol DeJong GRANT THORNTON
Simon Foxcroft BENNETT JONES LLP
Ryan Fukala BMO BANK OF MONTREAL
Heather Gallant DUNCAN CRAIG
Shannon Garrett CANADIAN WESTERN BANK
Kashmir Gill NATIONAL RESEARCH COUNCIL - INDUSTRIAL RESEARCH
ASSISTANCE PROGRAM
Paul Girgulis FIELD LAW
Paul Grossman PRICEWATERHOUSECOOPERS LLP
Bruce Hirsche PARLEE MCLAWS
Doran Ingalls PARLEE MCLAWS
Peter Inglis BENNETT JONES LLP
Andrew Maghee BANK OF MONTREAL
Chris Mah DENTONS
Raj Manek ODYSSEY CHARTERED ACCOUNTANT
Meghan DeRoo McConnan GRANT THORNTON
Blaire McCalla INCITE MARKETING
Kenneth McKnight DELOITTE
Craig McDougall DENTONS
Rhys Morgan DELOITTE
David Muddle WESTERN MANAGEMENT
Raymond Oness CANADIAN WESTERN BANK
Spencer Ord DELOITTE
Stephen Parker DENTONS
Cathy Paul BMO BANK OF MONTREAL
Sandra Pietrzyk GRANT THORNTON
Hussein Poonjani GRANT THORNTON
Darrel Roy ROYAL BANK OF CANADA
Tracey Scarlett ALBERTA WOMEN ENTREPRENEURS
Mike Sharp PARLEE MCLAWS
Teresa Tomkinson FIELD LAW
Mark Vodden DELOITTE
Jeremy Webster DELOITTE
Ted Yoo BENNETT JONES LLP
Will Zaichkowski TANTUS SOLUTIONS GROUP
TEC EDMONTON 2013/14 ANNUAL REPORT
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TEC Edmonton
4000-10230 Jasper Ave NW
Edmonton, AB T5J 4P6
(780) 492-8977
Learn more at
www.tecedmonton.com
Special thanks to photographers
Dale MacMillan
www.dalemacmillan.com
Melissa Raimondi
www.raimondiphotography.com
TEC Edmonton is a joint venture of the University
of Alberta (foreground) and the Edmonton
Economic Development Corporation (downtown
Edmonton, background).
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TEC EDMONTON 2013/14 ANNUAL REPORT