Nanaimo's aDolus Technology wins the 2020 New Ventures BC Competition, takes home $135,000 in cash and prizes
2nd and 3rd place awarded to Daanaa Resolution Inc. and e-commerce startup Fable, respectively
aDolus Technology has been crowned the winner of the 2020 New Ventures BC Competition, presented by Innovate BC. The Nanaimo-headquartered cybersecurity startup took home more than $135,000 in cash and prizes, including the $115,000 Innovate BC First Place Prize Package during last night’s virtual awards ceremony.
“We are extremely thrilled to have won the 2020 New Ventures BC Competition,” said Eric J. Byres, CEO at aDolus Technology (pictured above). “We loved being part of the NVBC process and learning about what other local tech companies are doing to make a positive difference in the world. We’re grateful for all of the support and look forward to continuing our steady growth for years to come.”
Vancouver’s Daanaa Resolution Inc. claimed the $65,000 Innovate BC Second Place Prize Package for their sustainable wireless charging solution for electronic devices. E-commerce startup Fable rounded out the top 3 and walked away with $35,000.
This year’s competition, sponsored by crown agency by Innovate BC, received a record-breaking 240 applications. Since 2000, the Top 25 Finalists have gone on to raise over $860M in investment and create over 8,600 new jobs. Notable past alumni include AbCellera, Lumen5, Jane Software, and Cuboh.
“Over the last 20 years, this competition has been a catalyst for accelerating the growth of the province’s most promising tech ventures,” said Raghwa Gopal, President + CEO at Innovate BC. “I have no doubt that this year’s finalists represent another wave of superstar startups that will raise the profile of British Columbia’s world-leading tech sector and create good-paying jobs in communities across the province.”
In addition to the top three prize packages, the final 10 companies also competed for three specialty prizes. This year’s winners include:
aDolus Technology (Nanaimo, BC)—$20,000 Innovate BC Top Regional Startup
Castofly (Vancouver, BC)—$10,000 Innovate BC People’s Choice Award
Rootd (Victoria, BC)—$7,000 Rogers for Business In-Kind Prize Package
In total, over $250,000 in cash and prizes were awarded during last night’s Awards Show. “This year’s winners represent the defining traits of B.C.’s startup community—innovative, collaborative, and resilient,” said Angie Schick, Executive Director at New Ventures BC. “Whether it’s tackling mental health challenges, developing sustainable power solutions, or protecting valuable company data, these companies are proof that the future of B.C.’s tech sector is as bright as it’s ever been.”