Today's News |
Vancouver Economic Commission Announces Top 15 Finalists of its 'Angels4Climate' Program (Winner Receives $100K+ Angel Investment)
Monday, January 30, 2023Company Profile | Follow Company
Vancouver, BC, January 30, 2023--(T-Net)--Vancouver Economic Commission has announced the top 15 finalists of its #Angels4Climate program in the running to compete for a $100,000+ angel investment for their Vancouver climate solution project.
Angels for Climate Solutions invests smart capital into tech-enabled climate solutions.
The program, delivered by the Vancouver Economic Commission and TD Bank in partnership with Volition, Foresight Canada, and Spring Activator, and offers a startup stream for climate-focused startups looking to fundraise, and includes 1:1 tailored business advising for all participants.
According the VEC, there's no better time to invest in climate tech - or to be a climate tech startup. With the climate crisis becoming more and more urgent, the need for innovative solutions is greater than ever.
With Vancouver - as well as the rest of BC - known for its robust and supportive cleantech ecosystem, startups across the province continue to develop groundbreaking solutions.
The 15 startups selected as finalists by VEC (listed below) have stood out from an extremely competitive applicant pool to be selected to compete for a $100,000 investment from a cohort of angel investors.
Over the next six weeks, these startups are honing their pitches, navigating deal structures, and presenting their innovation pitches to the investor cohort.
At the end of the six weeks, five startups will advance to a 10-week training intensive and vie to win the $100,000 investment. The top five will also receive special application support and coaching to submit their solutions to VEC's flagship Project Greenlight program.
Meet the top 15 BC startups of 'Angels4Climate' Program:
SOLUTION: Smart city infrastructure matchmaking
Asset Market is a B2B SaaS platform that connects organizations needing to install EV chargers, telecoms and IoT devices with owners and operators of the land, buildings and structures where these devices will be placed. The company's platform helps to reduce costs and time associated with finding suitable locations, while advanced analytics identify the best sites. Our aim is to reduce the capital costs of EV charging deployment by 20 percent and the time and cost to locate suitable sites by 80 percent.
--------------------------------------------------------------------
SOLUTION: Scaling plant-derived compounds
BryoSphere Biotechnologies is an early-stage sustainable specialty chemical provider. The company uses engineered moss plants to make rare, plant-derived ingredients for many industries, including skincare and cosmetics, nutraceuticals, therapeutics and food and beverage. Although plant-derived compounds can be health-promoting and valuable, several are difficult to produce at scale with current methods. BryoSphere Biotechnologies' method is high-yield, environmentally friendly and cost-competitive.
--------------------------------------------------------------------
SOLUTION: Prefabricating steel-frame homes
Build Smartr Robotics is a construction technology company that endeavours to make housing cheaper, more efficient and more sustainable. The company employs an arsenal of technology, including computer automated design, material engineering, 3D modeling and robotics, to prefabricate homes. By building homes out of 100 percent recycled steel, Build Smartr Robotics creates a circular loop of building materials and makes homes that are non-combustible and resilient; the process is also faster and cheaper compared to traditional wood buildings.
--------------------------------------------------------------------
SOLUTION: Power systems management
EdgeTunePower Inc. (BDM) is commercializing a new electric grid distributed management system to reduce grid outages and realize the operation of legacy electric grids as net-zero and fully decarbonized systems. Its power management technology expands the hosting capacity of electric grids for high-volume integration and operation of renewable energy sources and EV charging stations. EdgeTunePower's first project was implemented with a utility in Ontario in April 2022, and it launched a pilot project in Quebec in January 2022.
--------------------------------------------------------------------
SOLUTION: Smarter energy generation
Etalim Inc. has developed an ultra-reliable remote power solution, 1GEN. By utilizing it for methane venting elimination at wellhead controls in the Canadian oil and gas industry, it can cost-effectively help reduce CO2e emission by over 98 percent and reduce Canada's GHG emission by 1% (-600M tCO2e, or 1.3M cars).
--------------------------------------------------------------------
SOLUTION: Regenerative livestock farming
Farment Biosolution Ltd. is an agtech start-up on a mission to provide livestock farmers with cost-effective regenerative farming solutions to manage livestock waste, improve soil health, and reduce the environmental impact of livestock farming. Our fermentation technology reduces the need for chemical fertilizers by transforming nutrients into a more available form for plants, increasing soil water retention capacity and allowing farmers to produce more with less.
--------------------------------------------------------------------
SOLUTION: Financing low-carbon buildings
With Halitra, all banks can become green banks and all buildings can qualify for low-carbon finance. The company provides innovative real estate financing solutions to facilitate the retrofitting of small commercial buildings; they're designed to close the financing gap that accounts for 8 percent of total US GHG emissions. Halitra recognizes the immense potential of the commercial building sector to reduce global GHG emissions and is determined to break through barriers that have prevented lenders from financing such projects.
--------------------------------------------------------------------
SOLUTION: Smart mushroom farms
InHubs Farms' vision is to revolutionize the North American food supply chain with a network of smart mushroom farms in every city. The company's farms use robotics and smart control systems in the cloud to mimic how mushrooms grow in nature to improve the taste, nutrition and yield. By eliminating the need for long fulfilment trips and supply chains, InHub Farms is both improving the taste of crops (mushrooms don't like long trips!) and actively contributing to the health of people, forests, and ecosystems.
--------------------------------------------------------------------
SOLUTION: Materials engineering
NanoTerraTech has developed a proprietary method to create environmentally friendly and sustainable advanced carbon materials from biomass waste, replacing fossil fuel-derived carbon materials in manufacturing. This method is 100 percent sustainable, utilizing natural biomaterial to produce a zero-carbon footprint. With industry leaders making a call to action to produce sustainable carbon black - something that currently does not exist in mass quantities - NanoTerraTech intends to pave the way to help manufacturers meet commitments outlined in the UN Sustainable Development Goals.
--------------------------------------------------------------------
SOLUTION: Green stormwater infrastructure
Novion is a Vancouver-based company founded in 2021 with the mission of reducing urban flooding by helping cities adopt and manage green stormwater infrastructure. With a team of experts in capital planning, data analytics, and Internet of Things (IoT) tech, Novion offers the world's first Green Stormwater infrastructure platform to help cities manage green infrastructure needs ranging from planning and design to operations and maintenance. By working closely with cities across Canada, including the City of Vancouver, Novion provides guidance to help create a more livable and resilient future for communities around the world.
--------------------------------------------------------------------
SOLUTION: Online grocery marketplace
$3.1 billion worth of produce is rejected every year in Canada for cosmetic reasons; meanwhile, Canada is experiencing the highest increase in food costs since 2010, translating to $695 per family of four annually. Peko is building Canada's number one online grocery marketplace that delivers "peculiar" or surplus groceries at up to 40 percent off retail prices. The company is on a mission to fight food waste, address the environmental and social cost of food waste and surplus, and promote access to affordable, healthy food.
--------------------------------------------------------------------
SOLUTION: Vertical farming systems
QuantoTech QuantoTech is a woman-led and BC-founded vertical farming company that designs, builds and operates automated equipment. It sells leafy greens and herbs, and has designed microfarm equipment for communities with populations of fewer than 1,000 people in order to help reduce imports and support small, remote, and First Nation communities in their quests to become more food secure and resilient to the climate emergency.
--------------------------------------------------------------------
SOLUTION: Reusables as a service
Reusables.com is on a mission to eliminate single-use packaging waste. The company helps food businesses replace single-use containers with reusables through tech-enabled packaging paired with a proprietary tracking software. Its Reusables Management System (RMS) tracks the reusable packaging across a network of stores, consumers, cleaners, and distributors, while simultaneously capturing the impact data on plastic waste reduction and CO2e emissions avoidance.
--------------------------------------------------------------------
SOLUTION: Decarbonizing mining
Rockburst Technologies Inc. is a mining innovation startup developing a new comminution (particle reduction) technology that uses supercritical CO2 to exert tensile breakage in ore and other materials. This new way of breaking ore and liberating valuable minerals reduces both direct and indirect energy (no grinding media required) and emissions by an estimated 50 percent. Given that comminution in mining consumes up to 3 percent of the world's electricity, Rockburst Technologies is on a mission to, at minimum, halve this energy utilization and its associated GHG emissions.
--------------------------------------------------------------------
SOLUTION: Training AI for farms and forestry
Sentire augments robots and advanced machines (perception and processing), so they can quickly learn a new task, adapt or react to complex environments (i.e., farm). The company's unified machine learning (ML) workflow has been designed so users can easily deploy vision AI solutions via cloud or edge computing. It has also developed pre-trained APIs for users to infuse image and video data into existing ML models across a broad range of use cases such as optimal harvesting, crop management, yield estimation, predictive modelling and more. Ultimately, Sentire delivers AI as a service (AIaaS) and custom solutions for vision in agriculture, horticulture, livestock farming and forestry.
--------------------------------------------------------------------
The top ten will be selected live on on Feb 28. This first pitch night will narrow down the list of contenders from 15 startups to 10; a later pitch night will select the top five startups that will advance to pitch investors for more than $100,000.
About Angels for Climate Solutions
The program, delivered by the Vancouver Economic Commission and TD Bank in partnership with Volition, Foresight Canada, and Spring Activator, undertakes a cohort-based approach to training with two intersecting streams:
Building on the success of our 2022 Angels for Climate Solutions Program, the 2023 program will provide startups the tools, training, and confidence to develop, deliver on, and effectively communicate their plan to undertake a seed capital raise, and investors the tools and knowledge to confidently assess and select ventures that align with their investment goals.
All participating startups will have access to 6-weeks of Core Investment Training, 1:1 business advising, and the opportunity to pitch their solutions to the angel investor cohort. The top Top 5 finalists selected by the investors will move on to receive an additional five weeks of tailored training while completing due diligence meetings and preparing to pitch at the program finale for $100,000.
About Vancouver Economic Commission
VEC's purpose is to build a prosperous, inclusive, zero-carbon and resilient local economy, competitively positioned in the global market.
Founded in 1995, the Vancouver Economic Commission (VEC) serves one of the world's fastest-growing, diversified and low-carbon economies. Our team works to strengthen Vancouver's economic future by providing programming, supporting local companies, advising business leaders and policymakers, monitoring the region's economic health, and conducting and publishing leading-edge industry research.
VEC is an external agency of the City of Vancouver governed by the Societies Act.
Other Recent Company News |
|||||||||||||||||||
|