Tag Archives: BC Tech Fund

A study in contrasts: innovation and education strategies in US and British Columbia (Canada)

It’s always interesting to contrast two approaches to the same issue, in this case, innovation and education strategies designed to improve the economies of the United States and of British Columbia, a province in Canada.

One of the major differences regarding education in the US and in Canada is that the Canadian federal government, unlike the US federal government, has no jurisdiction over the matter. Education is strictly a provincial responsibility.

I recently wrote a commentary (a Jan. 19, 2016 posting) about the BC government’s Jan. 18, 2016 announcement of its innovation strategy in a special emphasis on the education aspect. Premier Christy Clark focused largely on the notion of embedding courses on computer coding in schools from K-12 (kindergarten through grade 12) as Jonathon Narvey noted in his Jan. 19, 2016 event recap for Betakit,

While many in the tech sector will be focused on the short-term benefits of a quick injection of large capital [a $100M BC Tech Fund as part of a new strategy was announced in Dec. 2015 but details about the new #BCTECH Strategy were not shared until Jan. 18, 2016], the long-term benefits for the local tech sector are being seeded in local schools. More than 600,000 BC students will be getting basic skills in the K-12 curriculum, with coding academies, more work experience electives and partnerships between high school and post-secondary institutions.

Here’s what I had to say in my commentary (from the Jan. 19, 2016 posting),

… the government wants to embed  computer coding into the education system for K-12 (kindergarten to grade 12). One determined reporter (Canadian Press if memory serves) attempted to find out how much this would cost. No answer was forthcoming although there were many words expended. Whether this failure was due to ignorance (disturbing!) or a reluctance to share (also disturbing!) was impossible to tell. Another reporter (Georgia Straight) asked about equipment (coding can be taught with pen and paper but hardware is better). … Getting back to the reporter’s question, no answer was forthcoming although the speaker was loquacious.

Another reporter asked if the government had found any jurisdictions doing anything similar regarding computer coding. It seems they did consider other jurisdictions although it was claimed that BC is the first to strike out in this direction. Oddly, no one mentioned Estonia, known in some circles as E-stonia, where the entire school system was online by the late 1990s in an initiative known as the ‘Tiger Leap Foundation’ which also supported computer coding classes in secondary school (there’s more in Tim Mansel’s May 16, 2013 article about Estonia’s then latest initiative to embed computer coding into grade school.) …

Aside from the BC government’s failure to provide details, I am uncomfortable with what I see as an overemphasis on computer coding that suggests a narrow focus on what constitutes a science and technology strategy for education. I find the US approach closer to what I favour although I may be biased since they are building their strategy around nanotechnology education.

The US approach had been announced in dribs and drabs until recently when a Jan. 26, 2016 news item on Nanotechnology Now indicated a broad-based plan for nanotechnology education (and computer coding),

Over the past 15 years, the Federal Government has invested over $22 billion in R&D under the auspices of the National Nanotechnology Initiative (NNI) to understand and control matter at the nanoscale and develop applications that benefit society. As these nanotechnology-enabled applications become a part of everyday life, it is important for students to have a basic understanding of material behavior at the nanoscale, and some states have even incorporated nanotechnology concepts into their K-12 science standards. Furthermore, application of the novel properties that exist at the nanoscale, from gecko-inspired climbing gloves and invisibility cloaks, to water-repellent coatings on clothes or cellphones, can spark students’ excitement about science, technology, engineering, and mathematics (STEM).

An earlier Jan. 25, 2016 White House blog posting by Lisa Friedersdorf and Lloyd Whitman introduced the notion that nanotechnology is viewed as foundational and a springboard for encouraging interest in STEM (science, technology, engineering, and mathematics) careers while outlining several formal and information education efforts,

The Administration’s updated Strategy for American Innovation, released in October 2015, identifies nanotechnology as one of the emerging “general-purpose technologies”—a technology that, like the steam engine, electricity, and the Internet, will have a pervasive impact on our economy and our society, with the ability to create entirely new industries, create jobs, and increase productivity. To reap these benefits, we must train our Nation’s students for these high-tech jobs of the future. Fortunately, the multidisciplinary nature of nanotechnology and the unique and fascinating phenomena that occur at the nanoscale mean that nanotechnology is a perfect topic to inspire students to pursue careers in science, technology, engineering, and mathematics (STEM).

The Nanotechnology: Super Small Science series [mentioned in my Jan. 21, 2016 posting] is just the latest example of the National Nanotechnology Initiative (NNI)’s efforts to educate and inspire our Nation’s students. Other examples include:

The announcement about computer coding and courses being integrated in the US education curricula K-12 was made in US President Barack Obama’s 2016 State of the Union speech and covered in a Jan. 30, 2016 article by Jessica Hullinger for Fast Company,

In his final State Of The Union address earlier this month, President Obama called for providing hands-on computer science classes for all students to make them “job ready on day one.” Today, he is unveiling how he plans to do that with his upcoming budget.

The President’s Computer Science for All Initiative seeks to provide $4 billion in funding for states and an additional $100 million directly to school districts in a push to provide access to computer science training in K-12 public schools. The money would go toward things like training teachers, providing instructional materials, and getting kids involved in computer science early in elementary and middle school.

There are more details in the Hullinger’s article and in a Jan. 30, 2016 White House blog posting by Megan Smith,

Computer Science for All is the President’s bold new initiative to empower all American students from kindergarten through high school to learn computer science and be equipped with the computational thinking skills they need to be creators in the digital economy, not just consumers, and to be active citizens in our technology-driven world. Our economy is rapidly shifting, and both educators and business leaders are increasingly recognizing that computer science (CS) is a “new basic” skill necessary for economic opportunity and social mobility.

CS for All builds on efforts already being led by parents, teachers, school districts, states, and private sector leaders from across the country.

Nothing says one approach has to be better than the other as there’s usually more than one way to accomplish a set of goals. As well, it’s unfair to expect a provincial government to emulate the federal government of a larger country with more money to spend. I just wish the BC government (a) had shared details such as the budget allotment for their initiative and (b) would hint at a more imaginative, long range view of STEM education.

Going back to Estonia one last time, in addition to the country’s recent introduction of computer coding classes in grade school, it has also embarked on a nanotechnology/nanoscience educational and entrepreneurial programme as noted in my Sept. 30, 2014 posting,

The University of Tartu (Estonia) announced in a Sept. 29, 2014 press release an educational and entrepreneurial programme about nanotechnology/nanoscience for teachers and students,

To bring nanoscience closer to pupils, educational researchers of the University of Tartu decided to implement the European Union LLP Comenius project “Quantum Spin-Off – connecting schools with high-tech research and entrepreneurship”. The objective of the project is to build a kind of a bridge: at one end, pupils can familiarise themselves with modern science, and at the other, experience its application opportunities at high-tech enterprises. “We also wish to inspire these young people to choose a specialisation related to science and technology in the future,” added Lukk [Maarika Lukk, Coordinator of the project].

The pupils can choose between seven topics of nanotechnology: the creation of artificial muscles, microbiological fuel elements, manipulation of nanoparticles, nanoparticles and ionic liquids as oil additives, materials used in regenerative medicine, deposition and 3D-characterisation of atomically designed structures and a topic covered in English, “Artificial robotic fish with EAP elements”.

Learning is based on study modules in the field of nanotechnology. In addition, each team of pupils will read a scientific publication, selected for them by an expert of that particular field. In that way, pupils will develop an understanding of the field and of scientific texts. On the basis of the scientific publication, the pupils prepare their own research project and a business plan suitable for applying the results of the project.

In each field, experts of the University of Tartu will help to understand the topics. Participants will visit a nanotechnology research laboratory and enterprises using nanotechnologies.

The project lasts for two years and it is also implemented in Belgium, Switzerland and Greece.

As they say, time will tell.

#BCTECH: funding and strategy

Yesterday, Jan. 18, 2016, British Columbia’s premier, Christy Clark ,announced the second and third pillars of the #BCTECH strategy:  talent and markets [ETA Jan. 21, 2016: the announcement was made at the #BCTECH Summit, Jan. 18 – 19, 2016]. It was one of a series of announcements about the province’s interest and investment in technology under the #BCTECH banner. The first announcement (first pillar) was the $100M BC Tech Fund in December 2015. Before moving on to pillars two and three, here’s a BC Technology Industry Association (BCTIA) Dec. 8, 2015 news release about the fund,

The Province of British Columbia is creating a $100-million venture capital fund as it builds the foundation for a comprehensive technology strategy aimed at stimulating growth in the fast-moving sector, creating jobs and strengthening a diverse economy.

Premier Christy Clark today announced the new BC Tech Fund as part of the first of three economy-building pillars in the B.C. government’s multi-year #BCTECH Strategy that will drive growth and job creation in the multi-billion dollar tech sector.

“B.C.’s technology sector is consistently growing faster than the overall economy making this the perfect time to catch the wave and help smaller companies join in the ranks of economy builders,” said Premier Clark. “With this fund we’re creating a stronger foundation for B.C.’s technology sector, which is a major employer in communities across the province, to shine on the global stage while creating well-paying jobs back at home for British Columbians.”

The BC Tech Fund will help promising tech companies in B.C.’s tech sector by creating an avenue for capital funding, enabling them to take the next step towards joining the ranks of other job-creating tech companies.

The new fund will also help develop a sustainable venture capital system in the province, building on the success of the B.C. Renaissance Capital Fund (BCRCF), the province’s well developed Angel investment community, and responding to current funding needs.

Capital is one of three pillars in the forthcoming #BCTECH Strategy. This first pillar, announced today, also includes continuing to support B.C.’s competitive tax system and research environment.

The remaining two pillars, talent and markets, include actions to deepen the B.C. technology talent pool by developing and attracting the highest quality talent, and actions to make it easier to access new markets. The complete #BCTECH Strategy will be announced in January.

The BC Tech Fund will be in operation in 2016 following an open procurement process to secure a private sector fund manager to administer it. [emphasis mine] The process for identifying a fund manager begins today with a posting for a Negotiated Request for Proposal (NRFP).

B.C.’s technology sector, a key pillar of the BC Jobs Plan, is consistently growing faster than the economy overall. Its continued growth is integral to diversifying the Province’s economy, strengthening B.C.’s business landscape, and creating jobs in B.C. communities. The BC Jobs Plan builds on the strengths of B.C.’s key sectors and its educated and skilled workforce, keeping the province diverse, strong and growing.

In partnership with the BC Innovation Council, the province is hosting B.C.’s first #BCTECH Summit, Jan. 18-19, 2016, where the #BCTECH Strategy will be released in full. The summit will showcase our tech industry and offer opportunities to connect to this growing sector. To register or learn more, go to: http://bctechsummit.ca/

Quotes:

Amrik Virk, Minister of Technology, Innovation and Citizens’ Services –

“We’ve seen phenomenal growth in the technology sector in recent years. The B.C. Tech Strategy will further increase that growth by giving early-stage companies greater access to the venture capital they need to start off their business on the right footing. The access to capital is the boost entrepreneurs need to build their companies, commercialize and create high-paying, skilled jobs.”

Teresa Wat, Minister of International Trade and Minister Responsible for Asia Pacific Strategy and Multiculturalism –

“Venture capital is a critical building block to stimulating innovative ideas in the marketplace and this new fund reflects our commitment to creating an investment environment that stimulates new economic growth.”

Shirley Bond, Minister of Jobs, Tourism and Skills Training and Responsible for Labour –

“The technology sector is one of eight key sectors identified in the BC Jobs Plan and it is a crucial job creator, supporting innovation and productivity across all industries. All British Columbians stand to benefit from the sector fulfilling its potential.”

Greg Peet, chair, Premier’s Technology Council –

“Government gained a better understanding of what was needed to support growth of the technology sector by speaking with its leaders and influencers. Putting those needs into action has resulted in a strategy that provides promising tech companies with access to the capital they need, and reaffirms government’s commitment to help researchers and innovators succeed in building world class new businesses that create high paying jobs in B.C.”

Bill Tam, president and CEO of the BC Technology Industry Association –

“B.C. is already home to an amazing technology sector, and today’s announcement provides needed support for business development and growth. Government’s venture capital investment is a great start in terms of helping companies expand, and will solidify what many already know: B.C. is the best place to grow a tech company.”

Igor Faletski, chief executive officer, co-founder, Mobify –

“Increasing access to venture capital in British Columbia will be a major boost to many growing technology companies here. At Mobify we know from personal experience how useful early stage programs like the BC Venture Acceleration Program are to startups. The $100 million investment by the B.C. government into the BC Tech Fund will help our companies grow and achieve global leadership even faster.”

Mike Woollatt, chief executive officer, Canadian Venture Capital and Private Equity Association –

“Like B.C., governments around the world recognize that being a strong partner of the venture community reaps rewards for the economy and productivity. This new venture capital fund will be a source of innovations and jobs.”

Paris Gaudet, executive director, Innovation Island –

“Working closely with tech startups delivering the Venture Acceleration Program, I know how venture capital significantly increases a company’s chance of success. That is why I’m thrilled about this announcement as it will propel growth, increase jobs in the tech sector, and expand the number of opportunities available to entrepreneurs.”

Yesterday’s (Jan. 18, 2016) announcement focused largely on the other two pillars of the #BCTECH Strategy, although remarkably few details about any of these pillars have been shared.

Technical briefing or stonewalling?

Four BC government officials were answering questions at the technical briefing but not one* of them wanted (or was allowed?) to be identified as a specific source for information (i.e., quoted). Since they didn’t have much information to give, it wasn’t much of a problem. Here are the names of the four BC government officials: Bobbi Plecas, Associate Deputy Minister, Corporate Initiatives*; John Jacobson, Deputy Minister, Technology, Innovation, and Citizens’ Services; Shannon Baskerville, Deputy Minister, Deputy Minister’s Office; and Bindi Sawchuk, Executive Director, Investment Capital (job titles are from the BC Government online directory as of Jan. 18, 2016).

Let’s start with the money.  Apparently, the $100M fund will be ‘evergreen’ (somehow the money that goes out will be replenished) but no real details were offered as to how that might be achieved. Perhaps they’re hoping for a ‘return on investment’? They weren’t clear. Also, this fund will be in existence for 15 years. No reason was given for the fund’s end date. The government did consult with industry and the $100M amount was considered the optimal size for the fund, not big enough to scare away private investment but enough to ensure adequate government capitalization. Apparently, the plan is to start disbursing funds in 2016 (?) but they have yet to “secure a private sector fund manager to administer it.”

The second pillar is talent. The BC government is trying to make it easier for companies to bring talent from elsewhere (immigrants) while training more people here. No mention was made of the Syrian refugees currently settling here (other jurisdictions such as the UK and Germany, in their distinctive ways, are extending a special welcome to Syrian scientists as I noted in a Dec. 22, 2015 posting). [ETA Jan. 21, 2016: Arizona State University (US) has established an education fund for Syrian refugee students who want to complete their undergraduate or graduate programmes as per a Dec. 31, 2015 posting on the 2020 Science blog.]

Back to talent and training here, the government wants to embed  computer coding into the education system for K-12 (kindergarten to grade 12). One determined reporter (Canadian Press if memory serves) attempted to find out how much this would cost. No answer was forthcoming although there were many words expended. Whether this failure was due to ignorance (disturbing!) or a reluctance to share (also disturbing!) was impossible to tell. Another reporter (Georgia Straight) asked about equipment (coding can be taught with pen and paper but hardware is better). It seems the BC school system is beginning to resemble school systems in the US where districts with parents who can afford to fundraise have an advantage over other districts. Getting back to the reporter’s question, no answer was forthcoming although the speaker was loquacious.

Another reporter asked if the government had found any jurisdictions doing anything similar regarding computer coding. It seems they did consider other jurisdictions although it was claimed that BC is the first to strike out in this direction. Oddly, no one mentioned Estonia, known in some circles as E-stonia, where the entire school system was online by the late 1990s in an initiative known as the ‘Tiger Leap Foundation’ which also supported computer coding classes in secondary school (there’s more in Tim Mansel’s May 16, 2013 article about Estonia’s then latest initiative to embed computer coding into grade school.) There was a review of various countries’ efforts in a March 31, 2012 article for the Guardian; notice what they had to say about South Korea and there’s a more recent and brief mention of the international situation in an Aug. 31, 2015 article on CBC (Canadian Broadcasting Corporation) news online.

Returning yet again to the #BCTECH Strategy, there was a question about BC teachers being able to teach coding (I think it was Canadian Press again). It doesn’t seem the government has thought that aspect through. The speaker who answered most of these questions talked about the coding camps (another initiative with trainers who have specific skill sets [?]) and also noted there would be professional days to help BC teachers figure how to teach coding in the regular classes. No details were given as to how much training and support the teachers would receive. By contrast, the Estonians trained 60 teachers before implementing the initiative.

Hopefully, BC will take notice and adopt the policy although it is  currently embroiled in a dispute with teachers which has reached Canada’s Supreme Court, from a Jan. 14, 2016 article by Ian Bailey for the Globe and Mail,

Canada’s highest court has agreed to hear an appeal in a dispute that has fuelled the volatile relationship between British Columbia teachers and the provincial government in a case that could affect labour relations across the country.

B.C. Premier Christy Clark was education minister [14 years ago] when the province first stripped the teachers’ contract.

This week’s developments come after a bitter, months-long teachers’ strike in 2014 that ended with a six-year contract that included a 7.25-per-cent raise and a $400-million fund to hire bargaining unit members to address class size and composition issues.

Despite past battles, both Mr. Iker [Jim Iker, president of the BC Teachers’ Federation] and Mr. Bernier [current B.C. Education Minister Mike Bernier] insisted there was a good relationship between teachers and the government.

Mr. Iker said teachers are working well with the Liberals on revisions to curriculum, but it was up to teachers to advocate for more funding to address student needs.

Now, the third pillar of the #BCTECH strategy, new markets. The BC government has decided it is one of the best markets for new technology. I am intrigued but not convinced that the average government bureaucrat is going to make any decisions about adopting new technologies as that requires confidence and risk-taking abilities. Looking at those four bureaucrats none of whom was to be quoted in any story about the #BCTECH Strategy that they are charged with implementing, it seems unlikely that any one of those four (or others of their ilk) would make that kind of decision. To be fair, there are reasons why you don’t want bureaucrats to jump on every new idea as these people are the guardians of public welfare and public monies. The question then becomes, how do you get bureaucrats to take some risks without going overboard? As well, bureaucratic systems are not designed for risk-taking. So the next question is, how do you redesign your bureaucratic system to encourage some risk-taking? It’s not fair to ask people to do this sort of thing if you’re not going to support them. On the plus side, they are eliminating some of the red tape. For projects under $250K, requests for proposals are just two pages.

Disappointingly, the emphasis was largely on data and computer coding. There was some talk about life sciences but no larger vision of science and culture was offered. Creativity was mentioned, which seems odd since the presentations were markedly lacking in that quality. (The presentations at the opening were well done and, at times, even I was stirred [mildly] but no creative ground was broken or even hinted at.) The #BCTECH strategy 2016 document does mention creativity (sort of) on page 25 of the print document,

Promote creative thinking as a core competency across the entire curriculum including technical and business education

As part of this move to embed computer coding classes and creativity into the curriculum, they are introducing (from page 25),

New Applied Design, Skills and Technologies education: an experiential, hands-on learning through design and creation that includes skills and concepts from Information Technology Education

The applied design is being offered from K-9 (from page 25),

Students will have the opportunity to specialize in Information Technology, Technology Education or emerging disciplines.

Interestingly, Emily Carr University of Art + Design was not present at the Tech Summit (no presentation, no keynote address, no booth, no mention in the documents). It should be noted that the Council of Canadian Academies included visual and performing arts in its State of Science and Technology in Canada, 2012 (link to full PDF report).

Hole in the strategy and final comments

Don Mattrick is well known locally as a BC technology success story and he was the Industry Chair for this summit. He is one of the province’s pioneers in the field of video games and, according to Premier Clark, he’d achieved enough financial success that by grade 11 (he was probably 16), he went out to buy a Ferrari for which he had the funds.  He was unsuccessful in his quest to purchase a Ferrari or his next quest to get a loan from the bank. Despite these setbacks, he did found one of the first video games companies in BC, which he later sold to Electronic Arts, a US games and entertainment giant.

In the early 1980s when Mattrick started out, he had very little support there wasn’t a video game industry n Canada. (Hard to believe now but games were leading/bleeding edge.) That lack of support for new, emerging fields can be seen even with this new #BCTECH strategy where Premier Clark announced very clearly that education in the new technology sectors had to be tied to jobs. Sensible but problematic. A ‘Don Mattrick’ type wouldn’t have had a job since the industry wasn’t yet established.

The truly groundbreaking, new technologies are highly disruptive and risky which Clark acknowledged and dismissed (she exhorted people not to give up) in her speech.

With an international race to ‘innovate’, all governments face the issues of disruption and risk taking. Bureaucracies are not designed to engage in those activities. To a large extent, they’ve been designed to control and minimize disruption and risk taking.

I’m sympathetic to the problem, I just wish the BC government had been more forthcoming about the issues and about the details of how they are going to implement this new strategy.

I’m also curious as to whether the government is interested in changing the ‘found a start-up company and sell to a corporate giant’ culture which reigns here in BC. That’s what Don Mattrick and a century or more’s worth of innovative BC entrepreneurs have done.

Finally, I gather Clark wants to commercialize our data further. She talked about opportunities to do that although no details were forthcoming nor was there any mention of privacy issues.

*’one’ added to sentence and ‘inititiative’ corrected to ‘initiative’ on June 14, 2017.

ETA June 14, 2017: Some months later, Premier Christy Clark announced $6M funding for teachers to learn how to teach coding and for computers in a June 10, 2016 news release from the Office of the Premier.

#BCTECH: preview of Summit, Jan. 18 – 19, 2016

It is the first and it is sold out. Fear Not! I have gotten a press pass so I can investigate a bit further. In the meantime, #BCTECH Summit 2016 is a joint venture between the province of British Columbia (BC, Canada) and the BC Innovation Council (BCIC), a crown corporation formerly known as the Science Council of British Columbia.  A Jan 6, 2016 BCIC news release tells the story,

With less than two weeks to go and tickets 95% sold out, world-renowned keynote speakers will reinforce technology’s increasing economic and social impact to more than 2,000 people during B.C.’s first #BCTECH Summit on Jan. 18 & 19, 2016.

With Microsoft confirmed as the title sponsor, the summit will feature numerous dynamic keynote speakers:

  •  Ray Kurzweil, inventor, futurist—described as “the restless genius”, with predictions that will change how people think about the future.
  •  Andrew Wilson, CEO, Electronic Arts—named one of the top people in business by Fortune magazine.
  •  T.K. “Ranga” Rengarajan, corporate vice-president, Microsoft—will explore how technology and the cloud is empowering Canadians and changing how we do business and interact in the digital world.
  •  Elyse Allan, president and CEO, GE Canada—named one of the 25 most powerful people in Canada.
  •  Eric Ries, pioneer of the Lean Startup movement—a new approach to business that’s being adopted around the world; changing the way companies are built and new products are launched.

In addition, panel discussions featuring B.C. business leaders and global thought leaders will explore the latest trends, including fintech, cleantech, big data and cyber security.

A technology showcase will feature B.C.’s most innovative technology at work, including robots, 3D printing and electric cars. A new exhibit, the 4D Portal, will take delegates on a journey of B.C. tech, from deep below the earth’s surface into outer space.

More than 500 high school and post-secondary students will also take part in the summit’s career showcase featuring speakers and exhibitors sharing the latest information about technology as a career choice that pays, on average, 60% more than the B.C. average.

As part of the career showcase, nearly 200 high school students will participate in a coding camp and learn basic coding skills. The coding camp will also be offered via live webcast so schools throughout the province can participate.

A key component of the summit will profile venture capital presentations made by 40 promising small- to medium-sized B.C. companies aiming to attract investors and proceed to the next stage of development.

B.C.’s technology sector, a key pillar of the BC Jobs Plan, is consistently growing faster than the economy overall. Its continued growth is integral to diversifying the Province’s economy, strengthening B.C.’s business landscape and creating jobs in B.C. communities.

The new $100 million venture capital BC Tech Fund, announced Dec. 8, 2015, is the first pillar of the comprehensive #BCTECH Strategy to be released in full at B.C.’s first #BCTECH Summit, Jan. 18 – 19, 2016. The conference is presented by the B.C. government in partnership with the BC Innovation Council (BCIC). To register or learn more, go to: http://bctechsummit.ca

Quotes:

Minister of Technology, Innovation and Citizens’ Services, Amrik Virk –

“Strengthening our technology sector is part of our commitment to support our diverse economy. The summit provides an unprecedented opportunity for like-minded individuals to get together and discuss ways of growing this sector and capitalizing from that growth.”

President and CEO, BCIC, Greg Caws –

“We are pleased to provide British Columbians from across the province with the opportunity to explore how technology impacts our lives and our businesses. Above all, the #BCTECH Summit will be a catalyst for all of us to embrace technology and an innovation mindset.”

President, Microsoft Canada, Janet Kennedy –

“Microsoft is proud to be the title sponsor of the #BCTECH Summit—an event that showcases B.C.’s vibrant technology industry. We are excited about the growth of B.C.’s tech sector and are pleased that we’re expanding our developer presence in Vancouver and supporting Canadian private and public sector organizations through our investments in Canadian data centres.”

Quick Facts:

  •  The technology sector directly employs more than 86,000 people, and wages for those jobs are 60% higher than B.C.’s industrial average.
  •  B.C.’s technology sector is growing faster than the overall economy. In 2013, it grew at a rate of 4.7%, higher than the 3.2% growth observed in the provincial economy.
  •  In 2013, the technology sector added $13.9 billion to B.C.’s GDP.
  •  B.C.’s 9,000 technology companies combined generated $23.3 billion in revenue in 2013.
  •  New technology companies are emerging at increasing rates throughout the province. In 2013, there was an addition of more than 700 new technology companies in B.C., an increase of 8% over the prior year.

I’m not a big fan of Kurzweil’s but the man can sell tickets and, in days past, he did develop some important software. You can find out more about him on his website and critiques can be found here on Quora, as well as, a thoughtful Nov. 5, 2012 piece by Gary Marcus for the New Yorker about Kurzweil’s latest book (“How to Create a Mind: The Secret of Human Thought Revealed”).

As for me, I’m most interested in the trade show/research row/technology showcase. Simon Fraser University sent out a Jan. 14, 2016 news release highlighting its participation in the trade show and summit (weirdly there was nothing from the other major local research institution, the University of British Columbia),

Simon Fraser University is a gold sponsor of the #BCTECH Summit a new two-day event presented by the B.C. government and the BC Innovation Council to showcase the province’s vibrant technology sector

 

Simon Fraser University will be highly visible at the inaugural #BCTECH Summit taking place on January 18-19 at the Vancouver Convention Centre.

 

In addition to technology displays from student entrepreneurs at the SFU Innovates booth, SFU research will be featured at both the Technology Showcase and Research Row. [emphasis mine] SFU representatives will be on hand at the Career Showcase to speak to secondary and post-secondary students who are interested in the industry. And several investment-ready companies affiliated with SFU will be pitching to elite investors.

 

During the summit, entrepreneurs, investors, researchers, students and government will explore new ideas on how to gain a competitive advantage for B.C. The event will spark discussion on directions for the province’s rapidly developing high tech sector, while several streams will illustrate and share new innovations.

 

“This event provides us with an opportunity to showcase how SFU students, faculty, alumni and client companies are stimulating innovation and creating jobs and opportunities for British Columbia,“ says SFU Vice-President Research Joy Johnson. “And it highlights the work we’ve been doing to inspire, develop and support impact-driven innovation and entrepreneurship through SFU Innovates.”

 

SFU Innovates was launched in October to synergize and strengthen the university’s activities and resources related to community and industry engagement, incubation and acceleration, entrepreneurship and social innovation.

 

Johnson will introduce the summit’s keynote address by Eric Ries, Silicon Valley entrepreneur and author of The Lean Startup, on How today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses, on Jan. 18 [2016] at 10:45 a.m.

 

SFU Faculty of Applied Sciences professor Ryan D’Arcy will be a panelist at a session titled Industry Deep Dive – Healthcare, moderated by Paul Drohan, CEO, Life Sciences BC, on Jan. 19 [2016] at 11 a.m. He will share how Surrey’s thriving Innovation Boulevard (IB) is progressing. SFU is a founding partner of IB and contributes via the university’s research strengths in health and technology and its focus on health tech innovation.

 

Steven Jones, an SFU professor of molecular biology and biochemistry, and associate director and head of bioinformatics at the Michael Smith Genome Sciences Centre, BCCA [BC Cancer Agency], will participate on a panel titled Shaping the Future of Health, on Jan. 19 [2016] at 2:15 p.m., to be moderated by the Honourable Terry Lake, Minister of Health.

 

And Igor Faletski, CEO of Mobify (and an SFU alumnus) will participate in the “Why BC?” session to be moderated by Bill Tam, CEO of BCTIA [BC Technology Industry Association], on Jan. 18 [2016] at 11:30 a.m.

 

Students and delegates will also have the opportunity to explore the various research and technology showcases.

 

Backgrounder: SFU Innovations at #BCTECH Summit

 

Research Row

 

4D LABS will showcase how it has helped B.C.’s academic and industry tech clients turn their ideas into innovations. The facility has been instrumental in bringing numerous ideas out of the lab and into the marketplace, advancing a diverse range of technologies, including fuel cells, batteries, biosensors, security devices, pharmaceutical delivery, MEMS, and many more. As B.C.’s premier materials research institute, the open-access, $65 million state-of-the-art facility has helped to advance nearly 50 companies in the local tech sector.

 

• SFU researchers led by JC Liu of the Faculty of Applied Sciences will display their cloud gaming platform, Rhizome, utilizing the latest hardware support for both remote servers and local clients. The platform takes the first step towards bridging online gaming systems and the public cloud, accomplishing ultra-low latency and resulting in a low power consumption gaming experience. Their demo shows that gaming over virtualized cloud can be made possible with careful optimization and integration of different modules. They will also introduce CrowdNavigation, a complementary service to existing navigation systems that combats the “last mile puzzle” and helps drivers to determine the end of routes.

 

Molescope is a hand held tool that uses a smartphone to monitor skin for signs of cancer. The device is based on research that Maryam Sadeghi conducted during her doctoral studies at SFU and commercialized through her company, MetaOptima Inc., a former SFU Venture Connection client. The product was unveiled at the World Congress of Dermatology in 2015 and is also now available at the consumer level. Molescope enables people to monitor their moles and manage skin health.

 

Technology Showcase

 

• Engineering science professors Siamak Arzanpour and Edward Park will showcase their Wearable Lower Limb Anthropomorphic Exoskeleton (WLLAE) – a lightweight, battery-operated and ergonomic robotic system to help those with mobility issues improve their lives. The exoskeleton features joints and links that correspond to those of a human body and sync with motion. SFU has designed, manufactured and tested a proof-of-concept prototype and the current version can mimic all the motions of hip joints. Researchers anticipate the next generation of this system early this year. The prototype will be live-demoed as an example of a breakthrough innovation.

 

Venture Capital Presentations

 

Several SFU-affiliated companies were selected to present investment pitches to local and international venture capitalists at the summit, including:

 

H+ Technology, creator of Holus, an interactive, tabletop holographic platform that converts any digital content from your tablet, smartphone, PC or Mac into a 360-degree holographic experience. H+ was co-founded by three SFU alumni and was a former client company of the SFU incubator at the Harbour Centre campus.

 

Optigo Networks, a VentureLabs® client company that delivers next-generation security for the commercial Internet of Things.

 

Saltworks Technologies Inc., provider of advanced water treatment solutions and a company founded by two graduates of SFU’s Management of Technology MBA program.

 

Semios, a VentureLabs® client company and emerging leader in agricultural technology innovation.

 

VeloMetro Mobility Inc., a former SFU Venture Connection and current VentureLabs® client company with the mission to provide people with human-powered vehicles that parallel automobile functionality for urban use.

 

SFU Innovates Trade Show will include:

 

• H+ Technology (see above)

 

Shield X Technology, creators of Brainshield™, an impact-diverting decal for sports helmets that is the result of six years of R&D at SFU’s School of Mechatronics Systems Engineering at the Surrey campus. An SFU spinout, it is a current VentureLabs® client company.

 

• Acceleration Innovations, creator of Birth Alert, the first ever app-enabled, automatic and wireless contraction-monitoring device. Acceleration Innovations was founded by a team of students from the Technology Entrepreneurship@SFU program.

 

ORA Scents, a mobile device company created by an SFU Beedie School of Business undergrad student, that is introducing the world’s first app-enabled scent diffuser that enables users to create, control and share personalized scents in real-time. [Sounds like oPhone mentioned in my June 18, 2014 posting.)

 

Also presenting at the VentureLabs area within the BC Accelerator Network Pavilion will be: PHEMI Health Systems, Semios, XCo, U R In Control, TeamFit, Instant, Wearable Therapeutics, V7 Entertainment, ThinkValue, and Aspect Biosystems. Lungpacer Medical and Metacreative, both companies formed around SFU faculty research, will also have exhibits.

 

Prize draws will be held for projects from RADIUS Slingshot ventures The Capilano Tea House & Botanical Soda Co. and Naked Snacks.

I’m particularly interested in what 4D Labs is doing these days. (They used to brand themselves as a nanotechnology laboratory but they’ve moved on to what they see as more sophisticated branding. I’m just curious. Have they changed focus or is it nanotechnology under a new name?)