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Celebrating Client ExcellenceAnnual Report 2013/14

TEC Edmonton

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.

Gas and Dieselfrom Grease and Lard

Dr. David Bressler (left)

President and CEO

Forge Hydrocarbons

5Number of new University of Alberta spin-off companies

1,693 Entrepreneurs and researchers advised by TEC Edmonton

360 New jobs created in 82 TEC Edmonton client organizations with 25% growth in the year

81 Number of contracted TEC Edmonton clients through Business Development and Technology Management

$136 million Revenue generated by 95 TEC Edmonton clients

25%Growth rate of TEC Edmonton’s clients, as compared to benchmark 10% growth rate for early stage entrepreneurial ventures

$38.1 million R&D expenditures by 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

$76 million Total financing/funding raised by clients

2013/14Facts

1TEC EDMONTON 2013/14 ANNUAL REPORT

TEC Edmonton: Client Stories

ProphysisUniversity of Alberta spin-off company Prophysis fights Hepatitis B, influenza, herpes and other diseases with its cutting-edge anti-viral compounds.

CCW Energy SystemsCCW’s new EnerSaver technology has found new ways to reduce power consumption and add more clean

energy options for the oil & gas industry.

Forge HydrocarbonsA pilot plant turning grease and lard into diesel, gas and jet fuel is now operational at the Edmonton Waste Management Centre.

New TEC Edmonton InitiativesThrough 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.

$38.1 million R&D expenditures by TEC Edmonton clients

Table of contentsMessages from TEC page 2

What We Do 4

How We Help 6

Stories of Success 8

Statement of Financial Position 14

Acknowledgements 15

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LoginRadiusUsed by over 120,000 website customers world-wide, and ranked 26th among Canada’s Top 100 Startups, LoginRadius has introduced a powerful new social login tool to the world.8

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TEC EDMONTON 2013/14 ANNUAL REPORT2

CEOFive years ago, we envisioned Edmonton as one of North America’s leading innovation regions. Through many avenues, this

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.

• 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.

• 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.

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

Messages from TEC Edmonton


Board ChairBridging the gap between research and community is key to Alberta’s economic growth. TEC Edmonton was created as that bridge,

connecting the world-class innovation of the University

of Alberta (UAlberta) with the business community.

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 pre-

incorporated 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.

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.

Lorne A. Babiuk

TEC Edmonton Board Chair

Vice-President Research, University of Alberta

Edmonton is home to some of the world’s top new products, companies and intellectual resources. TEC Edmonton is leading

the way in innovation and the world is taking notice of

Edmonton.

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.

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)

Board Vice Chair


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.

What We Do

Our VisionThe 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.

Commercializing technology from private,

university and public sources

Helping build successful innovation-based

companies

Fostering and promoting innovation and new

enterprise development

Our MissionTEC 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:

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.


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

# of Organizations

Surveyed

Annual Revenue of

Clients

Employment Created

by Clients

Financing/Funding

Raised by Clients

R & D Investment by

Clients

One-year Survival

Rate of Clients

2012-13

103

$106.2M (25%

annual growth,

vs ~10%

Industry Canada

benchmark)

Employment grew

28.5%, from 857

to 1102; 245 new

jobs in 72 orgs

$54.9M

$31.5M

96%, (vs ~85%

Industry Can

benchmark)

2011-12

74

$73.4M (25%

annual growth)

Employment grew

25%, from 600 to

748; 148 new jobs

in 49 orgs

$29.6M

$17M

2013-14

126

$132M

25% growth to

1821 jobs

~$76M

$38M

98%

Three-year total

~$311M

~25% growth to

1821 jobs, (vs 10%

Industry Canada

benchmark)

~$161M

$86M

97%

2012-2014 TEC Edmonton Client Economic Outcomes Summary

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

6 TEC EDMONTON 2013/14 ANNUAL REPORT

How We Help

1st Contact Getting To Know YouInitial ScreeningWe 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.

Initial ScreeningTo 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.

TEC Edmonton provides business services to entrepreneurs, inventors and companies, customized to your individual needs.

Our Organization

TEC Edmonton offers its services within three highly integrated divisions.

BUSINESS DEVELOPMENT works with you to move your company forward by providing:

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.

PHASE 1 PHASE 2

Technology

Management

Entrepreneur

Development

Business

Development


Getting To Know YouAn acceleration plan for you may include:

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.

Friends For LifeAcceleration PlanThe Future

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

1. Mentoring: Our 12 “Executives-in-Residence” are all successful entrepreneurs who have been there, done that and now want to give back.

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:

• Market research• Business planning• Finding financing• Hiring key people• Securing space• Accessing product

development expertise• Developing go-to-market plans• Regulatory compliance

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.

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.

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.

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.


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.

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.

Website registrations increase as much as 93% using new social login tool

LoginRadiusFOUNDERS Deepak Gupta, Rakesh Soni INDUSTRY Information Technology


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 disease-

fighting 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.

New Li Ka Shing Institute of Virology joins the fight against deadly diseases

ProphysisFOUNDERS Dr. Luis Schang, Dr. Jack Tuszynski, Dr. Lorne Tyrrell, Dr. Michael Houghton, Dr. David Evans (not pictured) INDUSTRY Healthcare

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.”


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.

Dr. Bressler has nothing but praise for the technology

management and business development assistance

he and Forge Hydrocarbons have received from TEC

Edmonton.

Turning grease and lard into diesel, gas and jet fuel

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

Forge HydrocarbonsFOUNDER David Bressler INDUSTRY Agriculture & Energy

11TEC EDMONTON 2013/14 ANNUAL REPORT 11

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.

The oil & gas industry gets a new regenerative energy solution

CCW Energy SystemsFOUNDERS Michael Lesanko, Lorne Tilby INDUSTRY Oil & Gas


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.”

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

New TEC Edmonton Initiatives

UA SolveCOMPANY Zoltech INDUSTRY Oil & Gas

A new way for entrepreneurs to access University of Alberta expertise


New TEC Edmonton Initiatives

TEC Venture AngelsDIRECTOR Randy Thompson INDUSTRY Investment & Funding

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.


Financial Summary

Assets

Current Assets

Other Assets

Liabilities and Net Assets

Current Liabilities

Net Assets

Statement of Operations

Revenues

Expenses

Excess of Revenues Over Expenses

2013 $

4,731,095

158,046

4,889,141

3,472,028

1,417,113

4,889,141

7,597,382

7,356,486

240,896

2014 $

4,405,809

157,163

4,562,972

3,130,569

1,432,403

4,562,972

7,103,476

7,088,186

15,290

Statement of Financial Position

for the year ended March 31, 2014

as of March 31, 2014

Revenue from

Joint Venture

Partners

License Fees

& Past Patent

Recoveries

Sponsorship &

Program Fees

OtherGrants

100%

75%

50%

Revenue by Source

25%

2014 2013

% of total revenue

$ 2,822,182

$ 1,930,895

$ 2,088,022 $ 229,386 $ 32,991


Financial Summary

TEC Edmonton Board of DirectorsChair Dr. Lorne Babiuk VICE PRESIDENT RESEARCH, UNIVERSITY OF ALBERTA

Vice Chair Brad Ferguson PRES. & CEO, EDMONTON ECONOMIC DEVELOPMENT CORP. (EEDC)

Chris Lumb CEO, TEC EDMONTON

Michelle Borduzak PRESIDENT, FLATLANDER ENVIRONMENTAL SERVICES LTD.

Alan Fair DIRECTOR, TAILINGS, COSIA

Mona Hale VICE PRESIDENT FINANCE, FINNING (CANADA)

Oleh Hnatiuk PRESIDENT, CONNECT CAPITAL CORPORATION

Wayne Karpoff PRESIDENT, WILLOWGLEN SYSTEMS INC.

Allan Scott ADVISOR TO THE BOARD

Corey Smith CHIEF EXECUTIVE OFFICER, NORALTA LODGE LTD.

Robert (Bob) Teskey Q.C., FORMER MANAGING PARTNER, FIELD LLP

Funding Sources 2013/14Joint Venture Partners

University of Alberta

Edmonton Economic Development Corporation (EEDC)

Grants to TEC Edmonton

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

License Revenue

Fee-for-Service Revenue

Corporate Sponsors

SponsorsPartners

Parlee McLaws LLP

Alberta Innovates Technology Futures

Edmonton Economic Development Corporation

Edmonton Journal

University of Alberta

Platinum

Dynacor Media Group

Field Law

novaNAIT

PricewaterhouseCoopers LLP

TELUS

Gold

AIMCO

Alberta Women Entrepreneurs

The Business Link

Enhanced Capital Recovery

Innovate Calgary

TEC Edmonton Senior ManagementChris Lumb CHIEF EXECUTIVE OFFICER

Pamela Freeman CHIEF OPERATING OFFICER

Jayant Kumar VICE PRESIDENT, TECHNOLOGY MANAGEMENT

Cindy McKay CONTROLLER

Laine Woollard SENIOR LEGAL COUNSEL, TECHNOLOGY COMMERCIALIZATION

Randy Yatscoff EXECUTIVE VP BUSINESS DEVELOPMENT

Acknowledgements


Silver

Drader

Ekota Central Ltd.

Imperial Oil

Johnson & Johnson

MHK Insurance Inc.

ProGrid Evaluation Solutions

TSX Venture Exchange


TEC VenturePrizeRhiannon 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.

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 Edmonton Volunteer Service Providers



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 Source Advisory PanelRhiannon 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


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

TEC Edmonton is a joint venture of the University

of Alberta (foreground) and the Edmonton

Economic Development Corporation (downtown

Edmonton, background).

tec edmonton celebrating client excellence€¦ · celebrating client excellence. annual report...

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