global bvc tiequest - program handbook oct 2010

TiEQuest

Business Venture Competition

- An integrated curriculum spanning 6 months

With BUSINESS VENTURE COMPETITION, MENTORING & FUND RAISING

Global Program Handbook 2010-11 Quest for Talent Ideas & Enterprises

To Build Global Community of Next Generation Entrepreneurs

Program Coordinators & Evangelists: Suresh Madan & Somnath Chatterjee Participants & Champions: All TiE Chapters enrolled & their Leadership Team. Chapter Coordination: Mohini Suchanti

Global project led by TiE Toronto

TiE Global

Check out Resources, Collateral, Promo & Operational Toolkit at: www.tiequest.org

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Table of Contents

Vision, Mission, Impact & Differentiators ............................................................................................... 3

Why Participate? – Building Community of Next Generation Entrepreneurs ........................................ …..6

Background, Work Plan, Methodology, Evolution………………………………………………………………………………….10

TiEQuest Stakeholders ...................................................................................................................... ..11

Judges:.................................................................................................................................................. ….11

Mentors .................................................................................................................................................... 12

Participants Speak .................................................................................................................................... 12

Management ............................................................................................................................................ 13

Work Plan and Standard Processes (Including Suggested Timelines) ...................................................... 14

Chapter Guidelines, Resources & Miscellaneous Items .......................................................................... 18

Recommendations for Improvement & Future Positioning .................................................................... 20

ANNEXURES:

Forms & Templates .............................................................................................................................. 22

Profile of Participants & Some Winning Companies .............................................................................. 23

See TiEQuest Manual for additional templates and forms to Participate and also www.tiequest.org

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Program Model - Vision, Mission, Impact & Differentiators

Vision

To present comprehensive Framework for BVC integrated with Mentoring and Investment Flows to create a strong pull for Gen-Next Entrepreneurs and trigger growth of New Ventures worldwide Mission

To work with interested TiE Chapters to evangelize this framework with necessary customization to suit local needs and expand outreach program for new generation entrepreneurs to get plugged into the TiE ecosystem as a concerted move to drive Innovative Business Ventures and Ideas. High Level Impact

“TiEQuest fits well with TiE’s objective of fostering entrepreneurship and nurturing entrepreneurs. We measure the success of our organization by the value of wealth created through entrepreneurship and the impact made on the economy. Our goal is to assist in establishing successful enterprises, and TiEQuest is one way to achieve that objective” – Rajiv Mathur, Past-President, TiE Toronto

“TiEQuest promotes an entrepreneurial climate across Ontario that stimulates new ideas and collaboration, which are key contributors to the development of groundbreaking products and services. As a ministry, we’ve set our sights on positioning Ontario as North America’s leading jurisdiction for innovation. TiEQuest and our world class entrepreneurs are helping us reach that goal.” – Hon. Harinder Takhar, Ontario Minister for Small Business and Consumer Services

Create pool of entrepreneurial talent

Strengthen ecosystem of entrepreneurship

Increase probability of success

Raise profile of innovation and entrepreneurship

Entrepreneurs linked to mentors & investors aiming for longer term relationship building with committed BVC Evangelists

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Differentiators

Integrate Mentoring with BVC from early stages

All selected contestants connected with industry experts

Mentoring workshops ensuring two-way exchanges

Introduce contacts and insights for taking to next level

Multiple Mentors with diverse expertise engaged and these include: Successful entrepreneurs Experienced business leaders and practitioners TiE Charter Members actively engaged along with iconic names in the ecosystem who come in as sponsors & partners

Mentor-Mentee matching Pre-planned and well designed to ensure maximum benefits Clear focus on Domain expertise and business practice areas

Active Investor Interface & Engagement Bringing Investors early by intimately involving corporate sponsors, banks, angels, VCs and Govt. donors Engaging potential investors amongst jury team and at all workshops cum sessions with selected contestants Engaging Investors in the BVC process and across multiple stages of the curriculum

Active Resource Pool to create strong attraction amongst top business ventures in the making

Over 30 judges and 50 Global Mentors with long term support and numbers are set to grow…………..

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Include all venture profile in TiE’s online data pool with tight security features for investors and mentors to tap

Multi-stage Curriculum spread over 6 months & beyond Business Venture Summary Elevator pitch Mentoring Workshop Mentor Mentee Matchmaking Presentation First Round Presentation Final Round Post Event Support through access to TiE network, mentoring resource pool & start up services

AND WE WILL KEEP EVOLVING TO CONNECT WITH THE NEED OF GEN-NEXT ENTREPRENEURS

Diversity of participants Existing Entrepreneurs (including Serial) Aspiring Entrepreneurs including self employed professionals & corporate executives Patent holders and/or applicants University students and alumni Entrepreneurs with past TiEQuest experience

Diversity of projects and sectors to attract the best in the local ecosystem Emerging industries (biotech, healthcare, cleantech, Gen-Next IT applications, media, e-learning, etc.) Traditional sectors & services – Agrotech, manufacturing, chemicals, metallurgy, textiles, hospitality, lifestyle & others Unconventional sectors – Social welfare & community based, microfinance, water management, sanitation, hygiene and other innovative problem solving techniques

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Why Participate? Since TiEQuest, we raised $1,800,000 financing to date” – Skymeter Corporation

“The TiE network has been an incredible resource for CognoVision, and the mentorship and guidance we have been given has been priceless.” – Cognovision Solutions

TiEQuest panel judges largely comprise angels, VCs & fund managers, opening up instant opportunity

to present ventures to professionals who can actually fund

Sponsoring firms, from where judging panel is drawn, offer an “Expression of Interest” for investment of up to $1,000,000 to top teams

The top teams receive substantial prizes in cash as well as professional services. The total value of all prizes exceed $150,000.

Membership of TiE Chapter and opportunity to connect with TiE’s Global Network spread in 55 locations at 13 countries. TiEQuest website to carry brief profile of all contestants

Networking Opportunities with leading entrepreneurs, VCs and continued financing post event

Recognition with investment, legal and accounting firms

Mentoring by leading business leaders to fine tune business plan and seek advice and benefit from their contacts and experience

Opportunity to practice the process of pitching new venture to investors

Opportunity to turn an innovative idea into real business and in addition, winners receive: Opportunity to speak at future TiE events Recognition with qualified entrepreneurs Ability to source various business services from organizations sponsoring TiE Invitation to the TiEQuest Awards Dinner

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Participants are Driven by Ecosystem Support and Prize money too. We recommend strong accent on the former (here are some example of diverse category of prizes to strive for excellence)

Certo Labs Inc. winner of TiEQuest 2006 is commercializing a high through-put automated extraction instrument for analytical laboratories. Since then, Certo Labs raised over $500,000 of funding. The company also won numerous awards, including the Martin Walmsley Fellowship for Technological Entrepreneurship from the Ontario Centres of Excellence, Young Investigators Award from International Society for the Study of Fatty Acids and Lipids Scientific Conference, The Great Canadian Invention Competition from Canadian Business Magazine, McMaster Nicol Entrepreneur Challenge, IBK Capital-Ivey Business Plan Competition, Rice University MBA Business Plan Competition and Venture Capital Investment Competition (see www.certolabs.com)

Prize Categories 1. Expression of Interest for up to $1,000,000 investment Sponsoring venture capital and private equity funds will offer an “Expression of Interest” to the top teams in their respective area of operations. Each Expression of Interest will be for investment of up to 1,000,000. Actual investment will be subject to due diligence by sponsoring funds. Representatives of these sponsoring firms will be included on judging panels.

2. Winner of TiEQuest 2009 received Ontario Entrepreneurship Trophy from Ministry of Small Business and Consumer Services.

3. Cash Prize to the Winner and the First Runners-Up The Winner and First Runners-Up receive cash, which will be useful to further crystallize the business, conduct proof of concept and to take it to a level where they can obtain funding. Total cash prizes in 2007 and 2008 were $50,000 to the Winner and $25,000 to the First Runners Up. A part of the cash prize may be structured as an interest free perpetual loan from our sponsors to the winning entities. The loan would be repayable or convertible into equity at Investor’s option only upon the business receiving at least $500,000 additional cumulative investment. The repayment, if any, would be at 10% premium of the loan value and conversion price, if any, and would be equivalent to the price offered to next funding. No other rights will be attached to this loan. Cash prize also included $20,000 of Dobson Prize for Entrepreneurship.

4. In-kind Services from various sponsors The winners receive a number of in-kind services. Total value of cash prizes and in-kind services amounts to $150,000. The in-kind services provided are been chosen in such a way that they are most useful in establishing a business. Past contestants of TiEQuest have indicated that these services were most valuable to them. The following in-kind services are being offered: $25,000 worth of services from MaRS, including (a) Advisory Services, (2) Market Intelligence through partnerships with premium providers

and (3) Conference facilities in MaRS Collaboration Centre for 10 business days in six-month period.

$20,000 worth of business advisory services from Nytric Inc.

$20,000 worth of legal services from Cameron MacKendrick LLP (offered to 3 teams)

$15,000 of Business and Financial Advisory from NBP

$10,000 of commercialization services from HTX

$5,000 worth of patent advisory services from NW Patent Funding Corporation.

$5000 of corporate legal services from Minden Gross LLP

$3,000 of corporate finance services from Canaccord Capital and many others

Judges will decide which teams receive different services.

http://www.certolabs.com/

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5. A New Entrepreneur Prize of $5,000 offered to a best Student Team. All team members should be full-time students of an accredited educational institution.

Substantial prize money given out in TiEQuest is backed by contributions and support of sponsors, who are supporters of entrepreneurship. For instance, TiEQuest 2010 at Toronto provided following prizes:

1. TiEQuest Winner Prize

$50,000 in cash allocated as follows: $20,000 as "Dobson Prize in Entrepreneurship" by Joseph L. Rotman School of Management, University of Toronto $30,000 as the TiEQuest Award

$31,000 of in-kind services from various sponsors allocated as follows: $10,000 worth of services from MaRS. The services will include (a) Advisory Services, (b) Market Intelligence through partnerships

with premium providers and (c) Conference facilities in MaRS Collaboration Centre for 10 business days within six-month period $10,000 worth of legal services from Cameron MacKendrick LLP $5,000 of legal services from Gowlings $5,000 of patent advisory services from Tabrizi Law Office $1,000 worth of consultation relating to SR&ED tax incentive program from OME Group

Verold Inc. was the winner of this prize in 2010

2. TiEQuest Second Place Winner $25,000 in cash

$23,500 of in-kind services from the sponsors allocated as follows: $7,500 worth of services from MaRS. The services will include (a) Advisory Services, (b) Market Intelligence through partnerships

with premium providers. $10,000 worth of legal services from Fasken Martineau $5,000 of legal services from Cameron MacKendrick LLP $1,000 worth of consultation relating to the SR&ED tax incentive program from the OME Group

Attodyne Picosecond Laser was awarded this prize in 2010

3. TiEQuest Third Place Winner

$13,500 of in-kind services from the sponsors allocated as follows: $7,500 worth of services from MaRS. The services will include (a) Advisory Services, (b) Market Intelligence through

partnerships with premium providers. $5,000 of legal services from Cameron MacKendrick LLP $1,000 worth of consultation relating to SR&ED tax incentive program from OME Group

For TiEQuest 2010 this prize was awarded to Shiny Ads

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4. McMaster New Entrepreneur Prize awarded to a best Student Team. To qualify for this prize all members of the team should be full-time students of an accredited educational institution in North America. The Award comprises: $5,000 in cash

$12,000 scholarship from McMaster University for their MEEI program at the Xerox Centre for Engineering, Entrepreneurship and innovation.

For TiEQuest 2010 this award was given to Shape Collage

5. OCE Best Intellectual Property Award. $5,000 cash to the most promising patent or patent application

$1,000 worth of consultation relating to the SR&ED tax incentive program from OME Group

Profound Medical Inc. was awarded this prize in TiEQuest 2010

6. Gowlings Best Clean Tech Venture Prize $5,000 cash to the best venture in Clean Tech Industry

$1,000 worth of consultation relating to the SR&ED tax incentive program from OME Group.

Attodyne was the winner of this prize in TiEQuest 2010

7. HTX Best Healthcare Industry Award $5,000 cash to the best venture in the Medical Assisted Technology Industry

$5,000 of advisory services from HTX Inc.

LifeLikeBioTissue was the winner of this prize in 2010

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Background, Work Plan, Methodology & Evolution

To begin with, TiEQuest is taken as model BVC (Business Venture Competition) or Benchmark that attempts to integrate mentoring and investment flows over an intense 6-month long program, now running into the sixth year since it commenced at Toronto in 2005.

This BVC Handbook to serve as global template to revitalize and supercharge future TiEQuest curriculum at Toronto as well as all interested TiE Chapters participating at the local level. TiE Toronto will support the endeavor of other participating Chapters and collaborate with them anticipating to learn new practices emerging. Ultimate objective is to serve the best interest of entire TiE Ecosystem and empower aspiring next generation entrepreneurs worldwide. Following local BVC, participating Chapters may consider sending winning teams to Toronto for bigger competition or additional exposure.

Now, such a move entails well structured guideline, work plan, methodology that benefits the entire TiE network. This Handbook develops further on the existing TiEQuest collaterals to delineate a generic work plan that becomes a ready “launch pad”. The Handbook will continue to evolve, capturing best practices from other major competitions across TiE World (TiE50, Kaun Banega Entrepreneur, ISB-Connect, etc.).

This Handbook has been reviewed by TiEQuest organizers and finally vetted by the Expert Resource Team comprising dedicated members from Stanford and UC Berkeley Universities (see section on Recommendations for Improvement & Future Positioning). Finally, the Handbook will be placed in the Resource Center section of www.tie.org and is subjected to continuous improvement drawing on user feedback. The existing www.tiequest.org will be yet another repository of online resources along with this Handbook to power global business venture competition across TiE network. As work plan and methodology evolves beginning from Phase I (2010-11), the following will be attempted:

Making available third party software (Kauffman Foundation ISmart, etc.) catalyzing process driven BVC to interested Chapters.

Integrating BVC with the global network of mentors in TiE ecosystem facilitated by the Remote Mentoring platform would be yet another initiative.

Winners of TiEQuest and similar BV contests across TiE network shall be encouraged to post their Business Plan Summary for connecting with Investors and Mentors worldwide.

Develop virtual community of mentors, investors, judges to work with BVC winners and stakeholders. Engage leading Chapters like Toronto, Silicon Valley, Hyderabad, Bangalore, Boston, Delhi, Mumbai, London and others interested to actively participate in this online community.

Include learnings from TiEQuest and other similar programs captured in the Handbook as a separate Chapter in Entrepreneurship Best Practices Guide to be brought out towards end of 2010.

Engage multiple Chapters, TiE Global communication packages, Annual Report, website, high profile partners and sponsors to champion BVC curriculum worldwide. BSchools, Academia, Investment firms, VCs, angel community, leading entrepreneurs, mentors and domain experts to evangelize BVC outreach. Hold Global Competition amongst all Business Plan winners within TiE ecosystem to attract investors and mentors with global standing. Explore synching with Global TYE model.

Make this an ongoing affair with need-based work plan update to ensure constant improvements with the support and involvement of TiE’s proliferating network.

http://www.tie.org/

http://www.tiequest.org/

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TiEQuest Stakeholders & Evangelists

Panel of Judges and Mentors (Illustrative) Amar Varma, Managing Partner, Extreme Venture Partners Amit Monga, Managing Director, Nytric Business Partners Andrea Supomo, Ministry of Small Business & Consumer Services Andrea Wallace, Ministry of Small Business & Consumer Services Andy Jasuja, CEO, Sigma Systems Andy Mittra, Account Manager, Business Development Bank of Canada Anju Virmani, Chief Information Officer, Cargojet Income Fund Asheet Mathur, Managing Partner, Inforica Ashi Mathur, Managing Director, BMO Capital Markets Ashu Usmani, CEO, Ashmore Global Bart Bull, Entrepreneur and formerly Chief Financial Officer of Inscape Bhupinder Randhawa, Partner, Bereskin & Parr LLP Bill Tatham, CEO, NexJ Systems Bindu Khosla, Entrepreneur Bob Roy, MD of Equity & Head of Ventures for Roynat Capital Bradley Limpert, Partner, Cameron MacKendrick LLP Brian Temins, Partner, Minden Gross LLP Dan Mishra, CEO, CSDC Systems Ltd. Diana Pliura, EVP, YM Biosciences Inc. Dominic Talalla, Managing Partner, Trellis Capital Eric Trimble, Entrepreneur and Consultant Frances Fast, Manager, Private Investment Network, Q1 Capital Geoff Houlton, Loewen, Ondaatje, McCutcheon LLP Gilbert Palter, Managing Partner and COO, EdgeStone Capital Partners Sriram H Iyer, CEO, ICICI Bank Canada Hari Venkatacharya, MD, Nytric Business Partners Imtiaz Seyid, Vice President, RBC Royal Bank Jeff Luciano, Partner, Surje & Company Jerry Cukier, Partner, Soberman LLP Jim deWilde, Entrepreneur Josko Babanovic, Managing Partner, iNovia Capital Kanta Wadhwan, Partner, Baker & McKenzie LLP Kumud Kalia, CIO, Direct Energy Maneesh Mehta, CEO, The Black Box Institute Marc Faucher, Managing Partner, JLA Venture Fund Mark Stirling, Partner, Treadstone

Maxx-Phillippe Hollott, Investment Manager, Growthworks Michael J. Cannata, Partner, NW Patent Funding Corporation Mike Middleton, Managing Director, Q1 Capital Partners Inc.Olav Sorenson, Professor, Joseph L. Rotman School of Management Owen Loudon, McLean Watson Capital Paul Doherty, Professor, University of Waterloo Peter Evans, Advisor, MaRS Discovery District Prashant Pathak, Managing Partner,ReichmannHauer Capital Partners Priya Patil, Partner, Corp. Finance, Loewen Ondaatje McCutcheon Ltd Pulin Chandaria, Executive, Comcraft Canada Limited Rafik Loutfy, Director, Xerox Centre for Engg, Entrepreneurship & Innovation Ram Ramkumar, Entrepreneur Rhonda Downey, Regelle Partners Riaz Raihan, SAP Canada Richard Grinnell, Vice President, Fairhaven Capital Rob Koturbash, Maple Leaf Angels Robert Graham, Partner, Pivotal Decisions Inc. Rohini Srihari, CEO, Janya Inc. Rohit Bhardwaj, Chemtrade Logistics Inc. Ron Thompson, Corporate Angels Ross Wallace, MaRS Discovery District Sanjay Dhawan, co-founder & Managing Director of Pluris Advisory Inc Sankar Das Gupta, CEO, Electrovaya Sean Wise, Wise Mentor Capital S. Moorthy, Prof. Marketing, Joseph L. Rotman School of Management Sunil Khimasia, Sigma Capital Sunil Selby, Founder & Managing Partner of Trellis Capital Corporation Sunny Kumar, Managing Partner, Investment Accelerator Fund Suresh Madan, EVP & Portfolio Manager, Excalibur Capital Management T Redpath, Managing Partner of Primaxis & Business Advisor to MaRS Vern Heinrichs, CEO, Arise Technologies Ltd. Veronika Litinski, Director, Venture Group, MaRS Victor Scutaru, Partner, BDC Venture Capital Victor D‟Souza, CEO, Reignite Capital

The Judges

The TiEQuest Judging panel is illustrious comprising of leading venture capitalists, investment professionals and successful entrepreneurs. See list of Judges and Mentors above to get a flavor of expertise and strength brought in by the jury team (this process can be replicated by other TiE Chapters).

Judging Criteria “Would you invest in this company?” is the prime question before the Judges alongside following factors: Product/Service Marketability Viability Management Action Plan (more details in the section on Work Plan & Standard Processes)

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I

The Mentors

What makes TiEQuest different from any other competition is the mentoring expertise offered to the participating entrepreneurs. All contestants who qualify after Project Profile stage are offered mentoring. Panel of mentors comprise successful entrepreneurs, senior professionals in law, accounting and other business leaders offering a host of new venture services. Many of these mentors are TiE Charter Members, who are committed to devote time to guide entrepreneurs. The mentors also offer criticism to the projects with the aim to accelerate growth in a balanced manner and mitigate risk factors. Many of the mentors are very often ready to open their rolodex to help entrepreneurs where they need it. See list of Mentors along with Judges in the later part of this section to get a flavor of expertise and strength brought in by the mentoring pool at Toronto (a process that can be replicated by other TiE Chapters).

Mentoring Workshop All successful contestants will be invited to a mentoring workshop at a downtown Toronto venue (this is a crucial attribute of TiEQuest BVC and all participating Chapters need to dedicate Mentors and additional resources for such workshops and Mentoring support. Purpose of this workshop is to guide the contestants to improve on their venture. Many judges participate in the workshop, which includes:

Presentations by past winners

Discussions regarding the progress of your venture with mentors

Obtain guidance for any questions you may have

Opportunity to speak with Judges

Participants Speak……………………what past contestants say about the complete TiEQuest experience

“Since TiEQuest, Skymeter started to attract the interest of larger integrators in the road pricing business and we raised $1,800,000 financing to date” – Kamal Hassan of Skymeter Corporation

“The TiEQuest experience is something that I absolutely must recommend to any entrepreneur, who is serious about starting a business. As a result of TiEQuest, Chide.it has formed many strategic partnerships, received invaluable feedback with regards to its business plan and gotten funding. Since TiEQuest, Chide.it has grown 4 to 12 team members and from no revenue to multiple streams of revenue.” – Aydin Mirzaee of Chide.it Inc.

“The TiE network has been an incredible resource for CognoVision, and the mentorship and guidance we have been given has been priceless. TiEQuest proved to be an invaluable experience for CognoVision. Embarking on the journey helped us articulate our business plan and strategy, and provided us with constructive feedback from an accomplished panel of judges as we progressed through the various stages of the competition. When CognoVision entered TiEQuest, we were a pre-revenue company. After TiEQuest, we became privately funded, built our first commercial solution, and went to market in 2008.” – Haroon Mirza of Cognovision Solutions Inc.

"It was a great experience. The most helpful part was the mentorship. Our mentor provided us some great ideas. Our advice to future participants is to be open with the judges. If you don‟t know something then say so and benefit from their advice." - Danny Wang, Weblish

"Having a mentor in TiEQuest Competition take a bit of pressure off you. The competition was quite substantive and real. TiEQuest is really a mentorship and education process. It educates budding entrepreneurs get through the process which is solely lacking in the venture world" - David Yorke and Glyn Evans, 2010 Contestant

“After winning in TiEQuest, CertoLabs has raised over $500,000 of funding. The Company is currently negotiating with investors to expedite the commercialization process.” – Ameer Taha of CertoLabs Inc. Winner of TiEQuest 2006

"We have really come to appreciate what TiEQuest has to offer. The greatest bonus to us was meeting a lot of judges, who were experts in various industries, very well connected professionals and just meeting the calibre of judges and mentors and even some of the participants was a great boost for us. There are two main ways the judges and mentors and the whole mentoring process helped us: One is that they gave us a deadline to produce content, which is a great way to focus. Having set deadlines by which the business plan needed to be ready helped us. Second was the judges gave us fresh perspective. Being a tech company we were caught up on the technology side. Mathews background is in computers and my background is in

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commercializing technology and suddenly we were thrust into a world of people who understand the technology but their main question was ”Show me where the money is and how do you make money?”. Although we thought of it but before tiequest we never had to crystallize it into a very focused message. So the greatest message from the judges and mentors was “How is your technology help make me money?”. As regards the competition itself, TiEQuest has been a very professionally run business competition. In a way it put us in touch with lot of professionals instead of technical people." -Jad Yaghi and Mathew Sloly, Verold Inc., Winner of TiEQuest 2010

“Various prizes received in TiEQuest helped us tremendously to raise new money and guide us through hurdles during our commercialization efforts. As a result, we are well on our way to commercialize our newly developed technology, despite the challenging market conditions. Liquid Fiber Displays has so far received over $250,000 of financing and grants. We are currently negotiating about $7 million of venture funding. We are confident of raising this financing due to network of investors following our winning TiEQuest – Nimesh Bahl of Liquid Fiber Displays Inc. Winner of TiEQuest 2008

“After participating in TiEQuest in 2007, we have received a contract to provide trunk main leak detection service in UK , obtained LeakfinderRT orders from China and established a stronger position in the $40 trillion global infrastructural makeover. We have built numerous contacts in advancing our business. In-Kind prizes have been very valuable. We are using their help in marketing for the Upcoming show ACE 2007. They think the venture has tremendous potential and are working with us for marketing the company at that event. Going forward we intend to work with them to review and formalize a complete marketing strategy.”” – Marc Bracken of Echologics Engineering Inc. Winner of TiEQuest 2007

“After participating in TiEQuest 2007, Artenga has completed successful therapeutic animal testing, was named one of Canada‟s Top 10 Life Science Companies and has completed its third generation device.” – James Keenan of Artenga Inc.

“The TiEQuest prizes helped to fund the move to market and to introduce our Company to investors in clean technology. Our natural fertilizers are now in the golf course and residential lawns markets in Ontario , thanks to the exposure and financial „kick‟ received by participating in the TiEQuest program.” – Don Carr of Bio Balance Corporation

“Friday the 13th proved lucky for Echologics. The company not only won $50,000 in cash plus the lion‟s share of $83,000 in other prizes it also gets the opportunity to sit down with two venture capital companies, which have already expressed a willingness to invest up to $1 million in the winner to help take it to that next crucial stage in development.” – National Post, April 23, 2007

“The TiEQuest Competition was an incredible experience. Since early-stage and startup ventures usually start with “who you know,” and TiEQuest is a rare opportunity to network with the business community elite, present your plan to more than one investor at once, and get advice from among the best entrepreneurs and investors in Canada . Not only were the advisors and judges extremely supportive, but their feedback was honest and thorough. We were the first runner up for TiEQuest from among 187 participating teams and that was a big validation for all the time and effort we've put into the business. We are very thankful to TiEQuest for the $25,000 cash prize, in-kind prizes, and the investment interest from BCE Capital. We are confident that with all the new contacts we made, there will be opportunities to approach and get interest from more investors.” – Mayukh Gon of XeQure Solutions Inc.

“Since winning TiEQuest 2005, a lot has happened for (our company). We were able to use the (prize money) to complete development of the product, as well progress in some high-level talks with (our potential customers) in Canada . The success at TiEQuest garnered a lot of attention from media, and articles were published in the Toronto Star as well as some other publications throughout North America .” – Sunny Bhasin of Gradecast, Winner of TiEQuest 2005

TiEQuest Mentoring - “We‟re connected to advisor who challenged us, helped to refine business plan and became our mentor and continues to be there for us as we progress through our entrepreneurial journey– Haroon Mirza of Cognovision Solutions Inc.

Management TiEQuest Global 1.0 to be coordinated virtually by Suresh Madan (Toronto) and Somnath Chatterjee at Silicon Valley along with other volunteers. The Steering Committee constitutes Presidents of all participating Chapters and their contribution to all high level discussions is vital. Through these discussions conducted regularly by conference calls and visits, the steering committee, volunteers and executives can empower the local Chapters and gather inputs to the global team to further fine-tune global program.

Team Players

Chairperson – Suresh Madan, President TiE Toronto & EVP & Portfolio Manager, Excalibur Capital Management ([email protected] & 1 416 964 6253). TiE Global Coordinators - Somnath Chatterjee ([email protected] & 1 4085670700X229) & Mohini Suchanti ([email protected] & 1 4085670700X232). Steering Committee – Presidents and Executive Directors of participating chapters. Coordinators for Investing and Mentoring Communities (to be identified by local Chapters)

mailto:[email protected]



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Work Plan & Standard Processes

Competition Stages All materials submitted by contestants is subject to the Confidentiality Statement. The contestants make a number of submissions as per the following schedule (these are suggested timelines but good reference points for individual Chapters to adopt):

Stage Due Date

1. Launch Event Oct-Nov. of the year

2. Intention to Participate, along with $100 entry fee Jan. of next year

3. Project Profile 1st week of Feb. next year

4. Mentoring Workshop 3rd week of Feb.

5. Elevator Pitch 1st week of Mar.

6. Written Business Plan 3rd week of Mar.

7. Presentations – Semi-Final 4th week of Mar.

8. Presentations – Final 1st week of Apr.

Exact Dates for TiEQuest 2011 will be posted in www.tiequest.org

1. Launch Event and Info Sessions The Launch Event is an introduction to TiEQuest (for TiEQuest 2010 finals held in April, the launch event was held on Nov 21, 2009). Following the launch event, a number of information sessions are organized at university campuses, boards of trade and innovation centres, sponsors and promoters, etc. (aim is to connect with entrepreneurial ecosystems and leading stakeholders). Some of the information sessions are available over conference call and online connectivity/resources (www.tiequest.org). Entry Criterion

TiEQuest contestants must meet the following qualifications: • The competition is open to all types of entities (corporation, partnership, proprietorship, etc.)

established by between 1 and 5 entrepreneurs or aspiring entrepreneurs. • Contesting entrepreneurs are not TiE directors/officers or related to competition organizers or judges. • Contesting entrepreneurs may not be members of more than one entity entering the competition; each

entity may only make one submission • Submission must be the entrepreneur’s original idea - proof of origination should be available • The business idea may be new or already implemented. • Total third-party funding raised in the business as of date of entry should not exceed $2,000,000. • The contestants must have developed the business venture themselves and be serious about seeing the

business venture through to reality (hence, entry fee is levied) • It is strongly recommended that each team select one or more Mentors to guide them in developing a

quality business venture. We expect mentors to hold at least three feedback sessions with each contesting entity. The following will qualify as an mentor:

• A faculty member at University/Institute/Center of Learning • A professional in the industry where business venture is focused • A practitioner/manager of an entrepreneurial assistance program



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• Upon request from participants, TiE Chapter to provide service of one of its Charter Members, who have agreed to volunteer their time for this. Any request for this must be submitted to Global Management Team. A biography of these members to be made available at online center www.tiequest.org or a site prepared for the purpose.

2. Intention to Participate (Applications are usually accepted till end of January) Intention to participate in TiEQuest is submitted online from www.tiequest.org (this can be integrated with the participating TiE Chapter site). All submissions should be accompanied by the entry fee of $100 per team by credit card or check in favor of the Chapter. The entry fee entitles the contestant (only one) to one year membership. Existing TiE members don’t pay the fee. The contestants are added to the TiE Chapter mailing lists and receive all Chapter events and mentoring information. The Chapter reserves the right to limit competition to first 200-300 applicants. It is advisable to complete all formalities as early as possible. The contestants receive User ID and passwords to access contestants’ portion of the website. All submissions and communications are done through electronic means as much as possible.

Any contestant with specific concern relating to confidentiality of their venture will be provided an opportunity to discuss the matter with a legal advisor. Contestants should request this to the concerned Chapter Coordinator of TiEQuest, after submission of the Entry Form and payment of entry fee. After discussion with a legal counsel, contestants may withdraw their entry within two business days without penalty and full refund of their entry fee (if they do not wish to be members). Contestants submit the names of all their participating entrepreneurs and also that of their advisor. All team members and advisors to sign Entry Form. Usually, all contestants can expect email confirmation of Entry acceptance by early Feb. 3. Project Profile Contestants will submit a project profile outlining their business venture as per the format posted on www.tiequest.org (see Annexure for sample). The project profile to be submitted electronically and should very briefly cover:

Company profile: URL, Industry, employees, year founded

Contact information

Background of entrepreneurs, management team and advisors

Brief Financial information: revenue run rate, previous capital, monthly burn, pre-money valuation, and capital sought

Business Summary

Customer problem addressed

Product/service offered

Target market size and characteristics

Customers and selling strategy

Business model

Competitors and Competitive advantage

Top and bottom line projections. All successful contestants receive email confirmation for proceeding to next stage by around mid February. 4. Mentoring Workshop (between mid & third week of Feb) All successful contestants will be invited to a mentoring workshop and the purpose of this workshop is to guide the contestants to improve on their venture. Many judges of the competition will be participating in the workshop.



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5. Elevator Pitch Contestants will prepare an Elevator Pitch relating to their business venture. They will have an option to present the Elevator Pitch in person or electronically. In case of an electronic submission, the contestants will upload relevant video file.

Maximum time for the Elevator Pitch will be 240 seconds (4 minutes)

Contestants may use product samples, pictures or other visual or video aids for the support

The pitch should be directed to convince investors to read the detailed business plan. It should address the value proposition of the business.

All successful contestants receive email confirmation for proceeding to next stage by early-mid March. 6. Written Business Plan The contestants will upload .doc or .pdf formats of the written business plan on the TiEQuest Website or a separately dedicated section in the Chapter site. The plans may be 30-50 pages long and should cover:

Cover Page detailing: Name of the venture and name of participating entrepreneurs and advisor

Executive Summary

Visual aids: Pictures, charts, graphs. Do not include any physical samples.

Value Proposition

Industry background: What is the industry like? How old? How fast is it growing?

Business model: What is the business? How does it work? How does it make money?

Customer characteristics: Who are they? What are they like? Why would they choose you? Why would you choose them?

Supplier characteristics: Who are they? What are they like? Why would they choose you? Why would you choose them?

Competitor characteristics: Who are they? What are they like? At what level are they funded? What advantage do you offer?

Threats: What are the biggest threats to your business venture? New competitors? New technologies? Price wars? How does your venture address them?

Funding: How much do you need? What would you do with the money? When would you need more? First year profit-and-loss projections by month, Five year profit-and-loss projections by year, breakeven analysis, payback, IRR, NPV

Profit Potential: When will the shareholders make a return on their investment? How much?

Risk Factors in the proposed venture

Profiles of key management members, specific roles, how strengths of team members match these roles, positions yet to be filled

All contestants will receive comments from the judges on their business plan on March (usually third week) and are expected to address these in presentation to the judges. 7. Presentations – Semi-Final Contestants will make a 20-25 minutes private presentation to a panel of three or more judges. The judges will have already read the written business plan submitted. The focus of the presentation will be to pitch their idea to convince judges to invest in their venture. The presentation will be followed by 15-20 minutes of a question and answer session. The objective of this round will be to reduce the pool of contestants to a smaller number. All contestants will receive a confirmation (by email) if they are successful in proceeding to the next stage of the competition by end March.

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8. Presentations - Final The finalists will make another 20-25 minutes private presentation to a panel of judges. The sponsoring funds offering expression of interest will be included in this panel. It is expected that this presentation will answer issues raised in Round 1 presentation and be followed by 15-20 minutes Q&A. The Winners will be announced during the TiEQuest Awards Dinner usually scheduled during April 2010.

Judging Criteria

As indicated above, the primary judging criterion used in evaluating business venture is the real world question: “Would I invest in this company?” In addition, due weight is given to the following factors (this is indicative guideline and subject to modifications by Chapters though basic parameters not to vary much): Product/Service: Does the venture have sound value proposition? Have the contestants developed the product concept clearly?

Does the business concept embody innovation and creativity?

Marketability: Is the product/service marketable? Is there a demand? Is there sustainable competitive advantage?

Viability: What is the likelihood of the business plan actually becoming the basis for a viable business? Does the venture technically make sense? Could it be a real business? Will the venture be profitable? Have all the key financial considerations been taken into account in the projections? Does the return justify the investment and the risk?

Management: Is the management knowledgeable, enthusiastic, and committed to the venture? Can they execute it? Do they have a track record?

Action Plan: Are milestones real? Is the venture stable and growth oriented or speculative and risky? Does it have high sensitivity to the actions of competitors, technology, the industry, etc.? When and how will the exit likely happen? Is the strategy appropriate?

A well developed business venture with proven technology, executed partnership agreements and “beta” customers will have a higher chance of success. To protect the privacy of the information/ideas of the contestants, Judges are requested that no copies of original submissions are made and all copies submitted are returned. The contestants should note that a short description of the business venture may be used in public documentation relating to the contest.

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Chapter Guidelines, Resources & Miscellaneous Items

Some general guidelines to optimize operations:

President and/or Executive Director and TiEQuest Coordinators participate in monthly conference calls scheduled by TiE Global focusing on implementation aspects and updates

Develop local organizing team with 3-5 volunteers devoting time to manage the program plan

Market to TiE membership and the target participants aiming for wide outreach

Engage Charter Members, General Members, sponsors and all others willing and able to support

Start small and focus on quality

Inspire and energize potential sponsors to support and take serious stake in the program – go for cash and in-kind sponsors (providing venue, infrastructure, prizes, meals for students, etc.) – Prize money and resource base to back participants through an entrepreneurial ecosystem would be the key to success at the local level.

Work closely with local institutions, knowledge hubs, academia, government and private agencies promoting entrepreneurship and innovation.

TiEQuest Global leadership team to offer guidance to the participating chapters in the following areas so they could capitalize on the rich local resources.

Branding

Resource Center including online support divided in phases

Marketing strategy

Marketing materials

Empowerment of participants through future Alumni Club

Use of Social Media How to get started & What would be the next steps

Contact TiE Global - Somnath [email protected], 4085056456 and Mohini [email protected], 4085670700X232 for initial orientation & connect with Toronto Leadership. Join conference call with other interested Chapters for resource planning, coordination & collaboration possibilities. Make use of www.tiequest.org plus resources & networks available within TiE ecosystem. Key success factors would be Prize Money and Sponsorship along with the pool of Mentors and Investors. Move ahead with Budgeting and Agreement submission Submit Timeline to Global Coordination Team Submit Curriculum & Annual Targets (number of successful ventures & leads) Coordinate with the Alumni Club of Contestants Scale up, share knowledge and fine tune processes based on learnings and feedback from other chapters as well as BVC participants worldwide




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Resources While TiEQuest Website: www.tiequest.org will constitute a repository of online resources and operational tools with interactive features, Chapter sites could be developed and integrated to serve this purpose. Information on TiEQuest Prize Winners In additional to what was presented above, useful information can be had from http://www.tiequest.org/index.php?option=com_content&view=article&id=59

The annual business venture competition encourages entrepreneurship and engages entrepreneurial talent. Through TiEQuest, over $150,000 has been awarded in prizes to the winners. Other prizes given out include: Best Intellectual Property, Best Clean Tech Venture Prize, Best Medical Assisted Technology Venture and New Entrepreneur Prize to the best student team TiEQuest Elevator Pitch Contestants will prepare an Elevator Pitch relating to their business venture. They will have an option to present the Elevator Pitch in person or electronically (DVD or AVI format). • Maximum time for Elevator Pitch is 4 minutes - longer than most conventional elevator pitches • Contestants may use product samples, pictures or other visual or video aids for the support • The pitch should be directed to convince investors to read the detailed business plan. It should address the value proposition of the business.

Elevator pitch Resources IGNITE! Guelph Entrepreneurship Course Pitching your ideas – Elevator Pitch by Ram Ramkumar, Charter Member TiEToronto, Toronto. Elevator Pitch 101 : http://www.chrisoleary.com/ http://www.businessknowhow.com/articles/nb1/money/elevator_pitch.htm http://www.chrisoleary.com/projects/Communication/ElevatorPitchEssentials/Essays/index.html http://www.youtube.com/watch?v=6QIPIKOfMaM&feature=related http://www.thebusinessmakers.com/2006/12/23/episode-81-rice-alliance-elevator-pitches/ Business Plan Elements of a successful Business Plan can be downloaded from www.tiequest.org or this link below: http://www.tiequest.org/index.php?option=com_content&view=article&id=72 See other presentations as well at www.tiequest.org

Confidentiality (Statement) Only individuals who have access to contestants’ business plans are the judges, assigned to read the plans. The judges sign a confidentiality agreement before they are privy to the business plan and Intellectual Property documents. The judges are largely professional venture capital investors or other business leaders who regularly deal with confidential information in the normal course of their work. Judges are requested to treat all materials submitted with the same care and respect for confidentiality as they would for their own business documents. Judges are also asked to remove themselves from judging, if they have a real conflict of interest. Confidential information does not include information independently developed by a recipient, received from or disclosed by a third party not in breach of obligations of confidentiality, information publicly disclosed by contestant, information disclosed pursuant to a Court Order, or information retained in the unaided memory of a party which was not disclosed in a tangible media.


http://www.tiequest.org/index.php?option=com_content&view=article&id=59

http://www.tiequest.org/images/stories/resources/TiE%20Ignite%20Elevator%20Pitch.ppt

http://www.chrisoleary.com/

http://www.businessknowhow.com/articles/nb1/money/elevator_pitch.htm

http://www.chrisoleary.com/projects/Communication/ElevatorPitchEssentials/Essays/index.html

http://www.youtube.com/watch?v=6QIPIKOfMaM&feature=related

http://www.thebusinessmakers.com/2006/12/23/episode-81-rice-alliance-elevator-pitches/


http://www.tiequest.org/index.php?option=com_content&view=article&id=72


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Recommendations for Improvement

TiEQuest curriculum was customized by TiE Global for rollout to Chapters and allows for local innovation as well as strong incentive for building local community. The program Handbook with content and processes were evaluated by an Expert Resource Team led by Jerome Engel, Founder and Faculty Director, Lester

Center for Entrepreneurship & Innovation & Faculty, UC Berkeley and supported by Naeem Zafar, UC Berkeley, Rafiq Dossani, Stanford University, Richard Dasher, Stanford University and Somnath Chatterjee, TiE Global. Among others, best practices at UC Berkeley (http://bplan.berkeley.edu) and Hit Barcelona (http://www.hitbarcelona.com), DFJ Venture Challenge (http://www.dfj.com/venturechallenge), Global Social Venture Competition (GSVC: http://www.gsvc.org) along with programs like TiE 50 (http://www.tie50.net) and TiE-ISB Connect (http://www.tie-isbconnect.com) were studied to come up with these recommendations and improvements to continue as the curriculum evolves each year. Local Chapters are also expected to add their own flavor to ensure community building around this program. Jerome strongly recommends the “use of Business Venture Competition to Build Long-Term Social Value and Entrepreneurial Success”.

Strongly Recommended for Creating Far-reaching Impact Consciously Avoid

Build an ecosystem to support entrepreneurship

Bring the community together.

Increase commitment.

Improve the quality of entrepreneurs and the ventures they create

Attract new resources

Government, VC, mentors, professionals

Tie into global Entrepreneurship network

Pick the next “Big Thing”

Provide start-up funding

Encourage some at the expense of others

BVC Goals – Go Big Provide a organizing focal point around which you can create a positive impact in the short-term

and a lasting self-sustaining organization Celebrate great role models Define the culture and values you wish to inculcate Convert self-interest into a public good Increase the local and global welfare through innovation and value creation

BVC Best Practices Easy A Bit Harder

Have a great event

Provide resources

Mentors, training, workshops

Tie into local organizations for support, resources, publicity

Make it more than an event

Make it an educational process

Provide strong, consistent, well vetted, quality

Tie into a global network

This is a NATURAL for TiE and a distinguishing opportunity

http://bplan.berkeley.edu/

http://www.hitbarcelona.com/

http://www.dfj.com/venturechallenge

http://www.gsvc.org/

http://www.tie50.net/

http://www.tie-isbconnect.com/

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BVC: Things to Avoid Bad Worse

Over promising

Having too big a Prize $$$

Making it too difficult to enter

Delivering, but poorly done

Making WINNING the most important thing

Not having a way to bring as many teams as possible as far as possible

TiEQuest – Future Positioning & Branding Make it a truly educational process to empower next generation entrepreneurs Ensure multi-tiered series of engaging events over six months Ensure post event support Robust Mentorship process – all selected entrants are ‘carefully’ matched Long-term relationship with the community of supporters Engage investors and major corporations Make sure that entrepreneurs gain exposure and acquire connections Engage all stakeholders including sponsors/grantees to garner support for TiEQuest as Global event

TiEQuest = Where Do We Go from Here Go global!

Clear opportunity to engage the TiE Network Develop a unique brand

Industry specialization? Geographic dispersions and re-integration? Capture leading examples as role models

Develop an global archive What can you do that would be uniquely TiE?

Build a true global network with annual finals in great locations of strategic value

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Annexure

Forms & Templates Attempt will be made to provide all forms and templates online and this had been the past practices. Below is the sample Project Profile Template for reference of Chapters.

TiEQuest 2010 Project Profile Name of the Business Venture:

Company Profile

URL:

Industry:

Employees (FTE):

Founded:

Business Summary:

Contact

Name:

Tel:

Fax:

Email:

Product/Service: (value proposition, intellectual property)

Financial Information

Revenue Run-rate: $

Capital Deployed: $

Third-party Funds Raised: $

Seeking: $

Marketability: (demand, sustainable competitive advantage)

Entrepreneur/Management

(Name, Qualifications and Title)

1.

2.

3.

4.

5.

Viability: (profitability, technical feasibility)

Advisors

Strategy Advisor:

Lawyer:

Accountant:

Management: (background of key members)

Current Investors

1.

2.

3.

Action Plan: (milestones)

Referred By

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Profile of Past Participants & Winning Companies • Attracted over 200 entrepreneurs with more than a 100 project ventures in 2009 • Numerous first-time and serial entrepreneurs with backgrounds representing a wide spectrum

of education and work experiences. Come mostly from North America – see locations below Competing in TiEQuest 2010 were 19 PhDs, 35 MBAs, 15 engineers, 3 lawyers, 3 doctors, 49 students and a number of other professionals. Entrepreneurs this year come from a wide variety of industries with 23 percent of the ventures from information technology, 22 percent from healthcare, 16 percent from clean tech and 7 percent from lifestyle, Participating and winning companies (check out websites)

Aeryon Labs Inc. Alpha Cancer Technologies Inc. Artenga Inc. Attodyne Picolasers Ltd. Audio Conexus Inc. Bering Media Inc. BioBalance Corporation CertoLabs Inc. Chide It, Inc. Cognovision Solutions Inc. DocSnaps Inc. EasyPlug Inc. Echologics Engineering Inc. Eco Drain Inc. Fadow. Global Business Mart iCAERUS Inc Investolution Inc. KR Golf Solutions LifeLikeBioTissue Liquid Fiber Displays Inc. MusIQkids Nalion Technologies Navi C Limited Pari Beauty Pilus Energy Plantform Corporation Profound Medical Inc. Purification Research Technologies Inc. Quantum Dental Technologies Shiny Ads Skymeter Corporation Verold Inc. XeQure Solutions Inc.

TiEQuest 2010 finalists & Winners

Attodyne was founded to commercialize two technical breakthroughs:

Development of low-cost high-performance industrial class picoseconds laser

Development of a new metal deposition technology for TFT panel repair. Attodyne is focused on becoming the preferred laser provider to OEMs (Original Equipment Manufacturers) and system integrators of high value and high margin ultrafast lasers for use in micromachining, solar panel processing and flat panel display manufacturing applications. Attodyne offers „turn-key‟ laser systems that resolve the cost, size and reliability constraints. Attodyne‟s lasers enable customers to exploit the advantages of Cold Ablation with a simple, effective tool.

LifeLike BioTissue Inc. was incorporated to manufacture and market its proprietary and patent-pending technologies into anatomically realistic life-life tissues (presently consisting of veins, skin, aortas, coronary arteries and heart valves) to medical schools, nursing schools, veterinarian schools, teaching hospitals and medical device companies all over the world. The products feel like real human tissues, are realistic, have the same mechanical properties, and are non-toxic, non-latex, inexpensive and easy to dispose of. LifeLike BioTissue believes that offering accurate and realistic surgical simulations for medical trainees to practice on before operating on live patients will significantly improve skills, accuracy and speed, while also considerably lowering the risk of mistakes, adverse patient consequences, malpractice litigation and the cost of expensive operating time. The Company‟s vision is reproduce as many life-like soft tissues and organ phantoms as possible, to dramatically improve student‟s surgical, suturing and anastomosis skills, and ultimately, to dramatically improve the quality and safety of patient care worldwide at a reduced cost.

Pari Beauty offers a unique prestige anti-aging cosmetics and advanced skincare line of products at exceptional pricing based on extensive scientific and R&D background. The Pari Beauty management team is comprised of industry veterans with over 50 years of combined experience.

Pari Beauty cosmetics are performance formulas across all beauty categories: eyes, face and lips. We believe that beauty starts with healthy skin and have specifically formulated and designed our skin care line to serve as the perfect complement to achieving beautiful makeup. Our skin care products have been developed with our scientific knowledge and understanding that has resulted in technologically advanced formulas and unique combinations of active ingredients to deliver performance and results. Our skin care line works from a preventative and maintenance standpoint to

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delay the onset of wrinkles and premature aging while keeping skin healthy and radiant. In addition to superior formulas, we are committed to offering our products at an irresistible value. Pari Beauty is a unique brand offering the quality and performance of prestige beauty brands but at pricing that is truly exceptional and accessible to everyone. Makeup artists, consumers, and beauty experts are praising and excited about Pari Beauty. Pari refers to a heavenly beautiful woman. Pari Beauty represents the heavenly beauty that exists in all women of all cultures and

backgrounds.

Prostate Cancer affects >250,000 men each year in North America alone. Worryingly, many of those treated with existing surgeries subsequently suffer debilitating side-effects of impotence and incontinence.

Profound Medical Inc. (PMI) is commercializing a truly unique, minimally-invasive approach for the treatment of prostate cancer, combining the already proven clinical efficacy of ultrasound thermal therapy with the unparalleled imaging capabilities of MRI. Our prototype has seamlessly integrated these two technologies into a system that could provide an unmatched level of speed, precision and accuracy in the treatment of the whole prostate, or targeted regions of the prostate. In just 18 months since foundation, the company has advanced from research prototype to a clinical system, has agreed a clinical plan with regulatory bodies, and is now finalizing partnering agreements with a major MRI vendor and several notable healthcare institutions to start clinical trials.

Shiny Ads is an advertising technology company focused on helping online publishers maximize revenue from advertisers of all sizes. Our Self-Serve Advertising platform allows publishers to control the ad purchase process by directly offering an ad purchase system to their advertisers. It allows small and local (long-tail) advertisers to quickly and easily purchase advertising without the need of special knowledge of industry terminology, graphic designers, or a large budget. Through our patent-pending automated advertising management back-end process, payment is reconciled, banners are inserted into the publisher's ad server, advertiser's campaigns are monitored, and publishers are paid nightly. Typically online publishers ignore small and local advertisers as it costs more to service their needs than the revenue they generate. Long-tail advertisers are accustomed to quick-and-easy advertising options and only have a small budget to work with. The team behind Shiny Ads understood this dilemma having worked both in the online publishing and online advertising and marketing worlds.

Verold Inc. is a Canadian startup, with an R&D lab at one of the top German Computer Vision universities, that is in the process of commercializing a set of software tools and processes that reduce the time to create ready-to-animate 3D content for media consumption, such as games, web-content, Augmented and Virtual Reality (AR/VR) worlds and film, by up to 80%. This is achieved through a non-liner content production work-flow that automates or partially automates many of the tedious labor-intensive processes involved in producing 3D content.

Verold‟s mission is to make it easy, quick and inexpensive to create 3D content formedia consumption, by both professionals and amateurs, and in the long term, to provide them with a means to create their own virtual and augmented reality worlds and games.

global bvc tiequest - program handbook oct 2010

Documents

tie toronto tie global

global community

tie ecosystem

global program handbook

new generation entrepreneurs

interested tie chapters

nurturing entrepreneurs

program model vision