BCIC-New Ventures Competition accepting applications

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For the 16th year in a row, the BCIC-New Ventures competition is accepting applications from the best new ideas and startups in British Columbia’s tech scene.

The competition contains four elimination rounds running from April to September; round one and two will focus on the idea and startup feasibility, while round three will have startups presenting a condensed venture plan. By the final round, only ten companies will be in the running for the top prize package of $110,000, which also includes access to the BCIC venture acceleration program, in-kind services from Ernst & Young, and other in-kind services to help boost a startup’s operations.

Startups can also earn prizes for being promising in certain industries like the Progressa FinTech prize package for promising FinTech startups, the Vancity Social Venture prize package, and the Wavefront Wireless In-Kind prize package.

The competition is open to any BC-based startup that hasn’t raised over $500,000 of financing, and can span across industries from biotech to wearables. The application deadline is April 14 at 11:59 p.m.