Foresight Cleantech Accelerator Launches in Vancouver
FOR IMMEDIATE RELEASE
Foresight Cleantech Accelerator Launches in Vancouver to Foster Clean Energy, Water, Transportation & Other Technology Growth in B.C.
Vancouver, BC, October 11, 2013 British Columbia’s clean technology sector received a boost today with the launch of the Foresight Cleantech Accelerator Centre, a program designed to help advance B.C.’s growing cleantech industry. Foresight will guide early-stage cleantech innovators to success using proven business models and support from the B.C. provincial government, the BC Innovation Council (BCIC) and the private sector.
The cleantech sector is one of the fastest growing industries in the province, and British Columbia is home to one of the largest industry clusters in Canada and North America. In a 2011 study, KPMG found 202 cleantech organizations operating in the province with total estimated revenue of $2.5 billion dollars. This growth also translated into job creation, with over 8,000 estimated employees in the cleantech sector earning an average of $72,000 a year.
The cleantech sector is proving to be an important contributor to job creation in B.C.’s economy, said Minister of Technology, Innovation and Citizens’ Services Andrew Wilkinson. The development of a strong cleantech industry is a part of the BC Jobs Plan, and BCIC’s support of the Foresight Cleantech Accelerator Centre is a key way we can grow and build exciting opportunities for B.C.-based companies.”
British Columbia has a strong and thriving culture of cleantech innovation, but what we are lacking is the means of turning that innovation into real commercial scale production, says Neil Huff, Managing Director of Foresight. There are various programs throughout the province that help innovators in other industries succeed; Foresight, along with BCIC, aims to provide those same opportunities to innovators and entrepreneurs in the cleantech sector.
Foresight provides a structured model to help accelerate clean technology companies in B.C. Among its offerings are low cost office space, mentorship from experienced Executives in Residence (EIRs), expert clinics, industry introductions and the BC Venture Acceleration Program, supported province-wide by BCIC.
The Venture Acceleration Program is a structured venture growth program that helps tech startups build a successful business based on a set of best practices, says Dean Prelazzi, Managing Director of the BC Acceleration Network, a group of 10 accelerator partners across the province that offer the program. BCIC is pleased to welcome Foresight as a partner. Together we will drive economic development and job creation in a truly innovative industry.
Initial Foresight cleantech clients include:
¢ SprayWerx Technologies, specializing in thermal spray applications used in aerospace, shipbuilding and oil and gas applications;
¢ GR Green Building Products, providing an eco-friendly roofing and siding option from recycled plastic and waste limestone;
¢ Hydra Energy, that design, build and maintain hydrogen energy systems for vehicle fleets;
¢ Terrella Energy, who has a proprietary roll embossing technology for flexible graphite materials;
¢ Emergent Waste Solutions, that converts waste into useful products using an advanced pyrolysis process, and;
¢ Reforus, a value added wood products company that has developed a third generation building technology
About Foresight Cleantech Accelerator Centre
Foresight Cleantech Accelerator Centre is a not-for-profit Canadian company, formed in 2013, with a mandate to help clean technology entrepreneurs form and accelerate their companies in British Columbia. From offices in Burnaby, BC, Foresight brings clean technology entrepreneurs together with corporate partners, universities, government agencies and local service providers.
BCIC accelerates the commercialization of technology in the priority sectors of the BC Jobs Plan through the support of startups and the development of entrepreneurs. Together with its partners, BCIC delivers programs and initiatives that promote startup growth and speed to market, resulting in jobs, revenue and economic development. BCIC is a Crown Agency of the Province of British Columbia.
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