New funding, strategy, put UBC in vanguard of B.C. innovation
With a boost of $200,000 from the BC Innovation Council and a comprehensive new campus strategy, UBC is taking steps to make it an unquestioned leader in entrepreneurial activity.
Those benefitting include UBC technology ventures that are part of entrepreneurship@UBC, a program that offers an accelerator program, mentor network, incubator resources, online resources, and access to seed funding, as well as entrepreneurship courses to undergraduate students from all faculties in partnership with the Sauder School of Business.
“UBC has a well-earned reputation as a center for research and innovation,” said Minister of Technology, Innovation and Citizens’ Services Andrew Wilkinson. “Supporting BCIC’s new funding for e@UBC will help develop and launch the next generation of entrepreneurs to come out of UBC’s classrooms.”
Since September, students and faculty have registered in excess of 100 new venture ideas, representing new technology applications for areas as diverse as energy efficient gas compressors, robotics, medical devices and digital media. (See backgrounder for more detail.)
“The level of innovation here at UBC is exceptional, and we are excited about the opportunity to help transform these ideas into successful companies,” said Pascal Spothelfer, UBC Vice President, Communications and Community Partnership.
The BCIC funding will advance the e@UBC program, including development of an entrepreneurial leadership network to help foster campus innovation and increase the number of new companies spun off from student and faculty research.
“We’re confident this is a recipe for success,” said Greg Caws, President and CEO of BCIC. “It is particularly significant that the expanded e@UBC program helps participants to align their commercialization efforts with the needs of their target market early in the commercialization process.”