Team:Lethbridge Entrepreneurs/comp media

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Competitions and Media

South Venture Business Plan competition – Winner

  South Ventures LogoUniversity of Lethbridge Logo

This competition was hosted by the Faculty of Management at the University of Lethbridge. Students and alumni (within 1 year after graduation) from the University of Lethbridge, Lethbridge College and Medicine Hat College of any major were welcome to participate. A workshop was hosted by Innovate Calgary to introduce contestants to the elements of a strong business plan. This competition was funded by Alberta Innovates Technology Futures. We were required to compose a 30-page business plan and give a 20 minute pitch presentation to judges from the University of Lethbridge, Alberta Innovates Technology Futures and Medicine Hat College. The winners prize was $10 000 of start-up funding and entrance into the TEC Venture Business Plan competition, hosted by TEC Edmonton.

Chinook Entrepreneur Competition – Winner

Chinook Entrepreneur Competition Logo Community Futures Logo

This business Plan competition was hosted by Community Futures – Lethbridge Region. All entrepreneurs in Lethbridge and area were welcome to participate. Business plan development workshop presentations were provided by local law firms, accountants, and other businesses. These workshops focused on specific aspects of a business and business plans, providing clear insight into the strengths and weaknesses of Synbiologica Ltd’s business plan. We were required to submit a 20-page business plan and give a 20 minute presentation to a panel of judges from the Regional Innovation Network of Southern Alberta (RINSA) and from the APEX Southern Alberta Regional Innovation Network. First Place prize included $10 000 provided by ATB Financial and some local small businesses, as well as $10 000 of in-kind services, such as business coaching and media advertising.

TEC Venture Prize Business Plan Competition - Participant

TEC Vencture Prize Logo

The TEC Venture Prize competition was hosted by TEC Edmonton – a business incubator in Edmonton, Alberta. Judges at this competition provided extensive written feedback about our business plan. It helped us gauge what we needed to improve to be able to compete in the biotechnological market place.

Conferences

Innovate Calgary Workshop

Innovate Calgary

The Innovate Calgary workshop was held at the University of Lethbridge as part of the initial training for the South Venture Business Plan competition. This workshop was the first exposure to the business world for the members of Synbiologica Ltd. We were introduced to the basic components of a business plan, intellectual property protection, insurance, funding sources, investment and networking.

Accelerate SOUTH50

South50

Accelerate SOUTH50 is an entrepreneur and technology event where founders, business leaders, start-up entrepreneurs, advisors, investors, mentors and students converge to expand and support the entrepreneurial eco-system in southern Alberta. This event was sponsored by the Regional Innovation Network of Southern Alberta (RINSA). We had the opportunity to learn about the different kinds of intellectual property and brand protection, how to develop and expand on our business plan using the Growth Wheel®. It was an excellent opportunity to network with technology focused businesses and investment groups.

Alberta Aboriginal Entrepreneur Youth Camp

AAYEC Logo

Isaac Ward is an aboriginal student at the University of Lethbridge invited to the Alberta Aboriginal Youth Entrepreneur Camp (AAYEC). It was an opportunity that would provide aboriginal youth and students aged 18-35 in the province of Alberta to learn about basics of starting a small business. It was a weeklong camp that integrated intense business training provided by the Acadia Centre for Social and Business Entrepreneurship with integrated cultural practices provided by camp mentors and Elders that encouraged aboriginal students to explore the skills required to be a successful entrepreneur. The camp was held at the Red Lodge Guest Ranch in Bowden, Alberta, and organized by the Alberta Indian Investment Corporation. At the camp we learned about skills such as Team Building, research, marketing, business operations, financing and presentation skills were taught. The camp gave Isaac the opportunity to really take time to focus on exploring the aspects of business while integrating the sustainable practices of his aboriginal heritage. He was able to bring these skills back to the Synbiologica group and apply them towards developing our business plan.

GeekStarter Workshops

Geekstarter Logo

The Alberta Innovates Technology Futures GeekStarter Program provided us as well as the other entrepreneurial and collegiate iGEM teams in Alberta with workshops and guest speakers who have been involved in iGEM and specialize in specific areas of synthetic biology. We also had the opportunity to give practice presentations to previous iGEM judges before attending the iGEM competition. AITF has provided us with many valuable networking resources and skill development opportunities.

MEDICA

MEDICA Logo

The MEDICA trade fair, held in Dusseldorf Germany, is the largest medical device and equipment tradeshow in the world. Synbiologica Ltd was granted a travel award from the Alberta-Germany Collaboration Fund in order to attend this conference. We will be attending with the intent of looking for collaborators to work with us on our project who have the skills and resources we may not have access to. The MEDICA Conference will take place from November 20-23, 2013.

Media

Excelling on the world stage

Learning from the best – that’s exactly what a group of research-focused students is doing at the University of Lethbridge.

Members of the U of L’s International Genetically Engineered Machine (iGEM) team are part of a phenomenon that began 10 years ago as a course at the Massachusetts Institute of Technology (MIT). Today, the annual iGEM contest is the world’s leading undergraduate synthetic biology competition – and each year, U of L students regularly rank among the top iGEM teams worldwide.

Press One

University of Lethbridge iGEM students Isaac Ward, Mackenzie Coatham, Harland Brandon and Erin Kelly are among the best young researchers in the world. Courtesy of University of Lethbridge Adancement.

An emerging field, synthetic biology sees cells, enzymes and metabolic pathways as more than biological entities; they’re sophisticated parts that can be programmed like machines to perform specific activities. As a result, research in synthetic biology is opening up remarkable possibilities in such sectors as agriculture, pharmaceutical, medical diagnostics, clean energy and resource extraction. In 2011, for example, U of L students developed a petrochemical-eating bacteria that could be used to help clean up water in tailings ponds, a discovery that placed the University’s iGEM team among the top 16 competitors in the world, alongside students from Harvard University, MIT, the University of Washington and Johns Hopkins University.

This October, the U of L’s iGEM team once again demonstrated its strong innovation abilities. In addition to creating a bioengineering part that works like a zip drive, compressing genetic information, the team developed software that rapidly determines what DNA sequences are compatible to compress together. These inventions, which will allow future bioengineers more flexibility in their research, captured top prize in the 2013 North American iGEM Regional Jamboree held in Toronto. Moreover, the first-place finish secured the team – made up of Dustin Smith (BSc ’13), Graeme Glaister, Jenna Friedt (BSc ’11, MSc’13), Suneet Kharey, Harland Brandon (BSc ’12) and Zak Stinson – a spot in the international iGEM competition, which will be held at MIT in November.

Providing students with the opportunity to compete against teams from around the world is just one way iGEM benefits its participants, says U of L biochemistry professor Dr. Hans-Joachim (H.J.) Wieden. Considered the driving force behind the U of L’s iGEM teams, Wieden serves as the students’ advisor and coach. He is also a highly respected researcher in his own right.

Director of the Alberta RNA (Ribonucleic acid) Research and Training Institute at the U of L, Wieden was also recently appointed the Innovates Centre of Research Excellence (iCORE) Chair of Bioengineering. Funded by a $2-million investment from Alberta Innovates-Technology Futures, the role enables Wieden’s research team to study how biological systems can be engineered to achieve breakthroughs in materials science, chemistry, biochemistry, health and nanoscience.

“iGEM enables students to get their first taste of research,” says Wieden. “They understand the goal of the project, and learn how to think outside of the box, troubleshoot and apply their knowledge to create scientific discoveries. All of this unlocks students’ creativity.”

What’s more, he continues, iGEM cultivates students’ entrepreneurial potential. The teams manage their own projects and raise funds to support their work, as well as learn how to communicate effectively and connect their work to real-world needs. Finally, as young researchers themselves, they come to realize the importance of supporting the forward-thinking scientists of the future: high school students.

To that end, U of L students have started iGEM teams in high schools in southern Alberta. And those high school students are following in the success of their older counterparts. Earlier this year, in fact, a team of Lethbridge high school students representing schools from across the city, won the Green Brick grand prize at iGEM’s international High School Jamboree at MIT, as well as trophies for Best New Biobrick Natural for their engineered DNA part and Best Wiki, the website used to display their project.

Advised by Wieden as well as U of L undergraduate and graduate students, the high school team – consisting of 22 students from Lethbridge-area high schools, including Keiran McCormack, Chris Isaac, Elaine Bird, Fiona Spitzig, Yoyo Yao, Patrick O'Donnell and Katie Thomas, who represented the team at the jamboree – successfully created a longer lasting form of Oxytocin. A hormone that’s most-commonly used to aid childbirth, Oxytocin degrades quickly and soon becomes unstable, making it expensive and difficult to store.

While such complex projects can be challenging for high school students, the research experience is invaluable, says former iGEM high school team member Erin Kelly.

“Being on the high school team was a steep learning curve, but I learned research methods through hands-on experience and that definitely made the transition to university easier,” says Kelly. Now a second-year biochemistry student at the U of L, she serves as an advisor to the current iGEM high school team along with fourth-year neuroscience student Isaac Ward and master of biochemistry student Mackenzie Coatham (BSc ’12).

The trio, all former members of the undergraduate iGEM team, have used their resulting research and entrepreneurial skills to launch the spinoff company Synbiologica Ltd. Along with Brandon (now a U of L master’s student in biochemistry), and U of L neuroscience professor Dr. Gerlinde Metz and Wieden as advisors, the group is in the process of patenting their big idea – a biomedical technology that provides rapid hormone-detection results. Their idea is expected to be 93 per cent more cost-effective than traditional antibody technology, bringing the next generation of hormone detection to the research, agriculture and medical markets.

In recognition of its scientific innovation, the Synbiologica team has earned numerous accolades. They include winning $10,000 in the South Venture Business Plan Competition and taking first place in the Tech Stream side of the Chinook Entrepreneurial Challenge, an annual business-planning competition hosted by Community Futures Lethbridge Region. The group received an additional $10,000 in cash, a one-year lease on space in the tecconnect: An Alberta centre for new commerce – a high-tech business incubator operated by Economic Development Lethbridge – plus a range of other in-kind prizes, including business consulting from MNP and ActionCOACH, and several thousand dollars worth of media services.

“iGEM gave us the motivation and skills to explore multidisciplinary research,” says Ward, chief executive officer of Synbiologica. “And from there, we realized that we don’t have to follow the usual career route. We can create our own jobs.”

Synbiologica records another win

by http://www.uleth.ca/unews/profile/trevor-kenney
June 12, 2013

It's win number two for the University of Lethbridge student researcher/entrepreneurs who form the Synbiologica Ltd. team.

CEO Isaac Ward (third-year neuroscience student), first-year biochemistry student Erin Kelly and chemistry and biochemistry master's students Mackenzie Coatham and Harland Brandon have developed a new method of detecting hormones, and are in the process of patenting their idea.

Their proposed biomedical device technology -- called "Biologically Enhanced Assay in Real-Time" -- is expected to bring next-generation hormone detection to the research, agriculture and medical markets.

Press Two

Pictured left to right are Mackenzie Coatham, Dr. HJ Wieden (team advisor), Erin Kelly, Harland Brandon and Isaac Ward. Courtesy of University of Lethbridge Advancement.

In addition to winning $10,000 in the SouthVenture Business Plan Competition in March, the group recently took first place in the Tech Stream side of the Chinook Entrepreneurial Challenge, an annual business planning competition hosted by Community Futures Lethbridge Region.

They received another $10,000 in cash, a one-year lease on space in the tecconnect Centre for New Commerce, a high-tech business incubator operated by Economic Development Lethbridge, plus a host of other in-kind prizes including business consulting from MNP and ActionCOACH, and several thousand dollars worth of media services.

"I am extremely proud of the Synbiologica group for their achievements and wish them continued success," says Dr. Dan Weeks, the U of L's Vice-President (Research). "The U of L is a comprehensive research institution that offers significant research opportunities to undergraduate and graduate students. This approach is important as it equips our graduates with the knowledge and ability to thrive in their research and entrepreneurial careers."

The competition evaluates and awards business plans submitted by entrepreneurs who have taken advantage of the free business training provided by Community Futures across Southern Alberta. Finalists were chosen from 24 groups that submitted business plans for the challenge.

While he has to be a bit cautious about revealing details because of the patent process – an expected six to eight-month timeline -- Ward said their idea will significantly improve the way in which hormones are detected.

"Hormones – and hormone imbalances – play very important roles in understanding behaviour and mental health, pregnancy as well as development and aging of all populations," says Ward. "We are pursuing new technology for the detection of hormones that provides rapid results that are 93 per cent more cost effective than traditional antibody technology."

The team's market analysis showed diverse applications and projections for growth, with a two to three-year timeline to produce a marketable device. The first test runs of this device will occur this summer at the Canadian Centre for Behavioural Neuroscience (CCBN) in collaboration with CCBN neuroscience researcher Dr. Gerlinde Metz.

Ward said the team came up with the idea to develop the company and the new biomedical device by using the skills they learned through the iGEM (International Genetically Engineered Machines) program.

"The internationally competitive program allows undergraduate students to gain hands-on experience in science," Ward said. U of L teams have claimed several top international honours at past competitions, and three of the Synbiologica entrepreneurs are off to Boston Massachusetts, toward the end of June as advisors to the U of L's high school iGEM team. The university-level competition takes place in October, 2013 at the Massachusetts Institute of Technology in Boston, MA.

"iGEM is run out of a student-operated lab provided by the department of Chemistry and Biochemistry here at the University of Lethbridge and coordinated by Dr. HJ Wieden. We have been encouraged at every turn by our professors and others to move this idea forward, especially by the people at Alberta Innovates – Technology Futures (AITF) who promote entrepreneurial engagement from scientific innovation."

Ward cited advisors Dr. Gerlinde Metz (Department of Neuroscience), Dr. HJ Wieden (Department of Chemistry and Biochemistry), Dr. Roy Golsteyn (Department of Biological Sciences) and Michael Kelly (Erin Kelly's father and Manager of Real Estate and Land Development, City of Lethbridge) as being particularly helpful as they refined their idea.

Synbiologica team wins 2013 Chinook Entrepreneur Challenge for biomedical device development

June 12, 2013

Press Three

Pictured left to right are Mackenzie Coatham, Dr. HJ Wieden (team advisor), Erin Kelly, Harland Brandon and Isaac Ward. Courstesy of University Advancement.

It’s win number two for the University of Lethbridge student researcher/entrepreneurs who form the Synbiologica Ltd. team.

CEO Isaac Ward (3rd year, Neuroscience), first-year Biochemistry student Erin Kelly and Chemistry and Biochemistry masters students Mackenzie Coatham and Harland Brandon have developed a new method of detecting hormones, and are in the process of patenting their idea.

Their proposed biomedical device technology -- called “Biologically Enhanced Assay in Real-Time” -- is expected to bring next-generation hormone detection to the research, agriculture and medical markets.

In addition to winning $10,000 in the SouthVenture Business Plan Competition in March, the group recently took first place in the Tech Stream side of the Chinook Entrepreneurial Challenge, an annual business planning competition hosted by Community Futures Lethbridge Region.

They received another $10,000 in cash, a one-year lease on space in the tecconnect -- An Alberta centre for New Commerce -- a high-tech business incubator operated by Economic Development Lethbridge -- plus a host of other in-kind prizes including business consulting from MNP and ActionCOACH, and several thousand dollars worth of media services.

“I am extremely proud of the Synbiologica group for their achievements and wish them continued success,” said Dr. Dan Weeks, the U of L’s Vice-President (Research).

“The U of L is a comprehensive research institution that offers significant research opportunities to undergraduate and graduate students. This approach is important as it equips our graduates with the knowledge and ability to thrive in their research and entrepreneurial careers.”

The competition evaluates and awards business plans submitted by entrepreneurs who have taken advantage of the free business training provided by Community Futures across Southern Alberta. Finalists were chosen from 24 groups that submitted business plans for the challenge.

While he has to be a bit cautious about revealing details because of the patent process – an expected six to eight-month timeline -- Ward said their idea will significantly improve the way in which hormones are detected.

“Hormones – and hormone imbalances -- play very important roles in understanding behaviour and mental health, pregnancy as well as development and aging of all populations,” Ward said.

“We are pursuing new technology for the detection of hormones that provides rapid results that are 93 per cent more cost effective than traditional antibody technology.”

The team’s market analysis showed diverse applications and projections for growth, with a two to three-year timeline to produce a marketable device. The first test runs of this device will occur this summer at the Canadian Centre for Behavioural Neuroscience in collaboration with neuroscience researcher Dr. Gerlinde Metz.

Ward said the team came up with the idea to develop the company and the new biomedical device by using the skills they learned through the iGEM (International Genetically Engineered Machines) program.

“The internationally competitive program allows undergraduate students to gain hands-on experience in science,” Ward said.

“iGEM is run out of a student-operated lab provided by the department of Chemistry and Biochemistry here at the University of Lethbridge and coordinated by Dr. HJ Wieden. We have been encouraged at every turn by our professors and others to move this idea forward, especially by the people at Alberta Innovates -- Technology Futures (AITF) who promote entrepreneurial engagement from scientific innovation.”

Ward cited advisors Dr. Gerlinde Metz (Department of Neuroscience), Dr. HJ Wieden (Department of Chemistry and Biochemistry), Dr. Roy Golsteyn (Department of Biological Sciences) and Michael Kelly (Erin Kelly’s father and Manager of Real Estate and Land Development, City of Lethbridge) as being particularly helpful as they refined their idea.

At an event held on Wednesday, June 12 in Lethbridge the Community Futures Lethbridge Region hosted an event that acknowledged the Synbiologica group for their win, and announced the additional winners of the Chinook Entrepreneur Challenge.

Lethbridge-based Ladybug Arborists took first place, while Strathmore business Kindred Companions and Lifesavers Designated Driving (Lethbridge) shared the runner-up awards.

For additional information about these up-and-coming businesses, please contact the Community Futures Lethbridge Region office through their website: http://lethbridgeregion.albertacf.com/ or phone (403) 320-6044.

Synbiologica team wins 2013 Chinook Entrepreneur Challenge for biomedical device development

March 27, 2013

Not every 3rd year neuroscience student at the University of Lethbridge has a patent lawyer on speed dial, but Isaac Ward does.

As the CEO of Synbiologica, Inc. Ward and his team -- Chemistry and Biochemistry masters students Mackenzie Coatham and Harland Brandon, and first-year Biochemistry student Erin Kelly – have developed a new method of detecting hormones, and are in the process of patenting their idea.

Their proposed biomedical device technology is expected to bring next-generation hormone detection to the research, agriculture and medical markets.

Their idea and business plan recently landed them $10,000 as the first-place winners in the 2013 South Venture Business Plan Competition, and they are now looking to the next phase of the challenge – a trip to Edmonton in April to face off in the provincial arena, with even more money and networking opportunities on the table.

While he has to be a bit cautious about revealing details because of the patent process – an expected six to eight-month timeline -- Ward said their idea will significantly improve the way in which hormones are detected.

“Hormones – and hormone imbalances -- play very important roles in understanding behaviour and mental health, pregnancy as well as development and aging of all populations,” Ward said.

“We are pursuing new technology for the detection of hormones that provides rapid results that are 93 per cent more cost effective than traditional antibody technology.”

The team’s market analysis showed diverse applications and projections for growth, with a two to three-year timeline to produce a marketable device. The first test runs of this device will occur this summer at the Canadian Centre for Behavioural Neuroscience in collaboration with neuroscience researcher Dr. Gerlinde Metz.

Ward said the team came up with the idea to develop the company and the new biomedical device by using the skills they learned through the iGEM (International Genetically Engineered Machines) program.

“The internationally competitive program allows undergraduate students to gain hands-on experience in science,” Ward said.

“iGEM is run out of a student-operated lab provided by the department of Chemistry and Biochemistry here at the University of Lethbridge and coordinated by Dr. HJ Wieden. We have been encouraged at every turn by our professors and others to move this idea forward, especially by the people at Alberta Innovates -- Technology Futures (AITF) who promote entrepreneurial engagement from scientific innovation.”

Ward said the group will not just run off into the biomedical business world once the ink is dry on their patent documents -- they need to finish school first.

“Education is one of the team’s top values and we will be working on this business while we complete our degrees. This is a learning process that will, we hope, carry us far beyond the classroom, and we are very pleased to have received the South Venture prize, because otherwise it would not be possible for our company to pursue funding opportunities and further develop our project.”

Ward cited advisors Dr. Gerlinde Metz (Department of Neuroscience), Dr. HJ Wieden (Department of Chemistry and Biochemistry), Dr. Roy Golsteyn (Department of Biological Sciences) and Michael Kelly (Erin Kelly’s father and Manager of Real Estate and Land Development, City of Lethbridge) as being particularly helpful as they refined their idea.

A team photo is attached. Left to right:

Press Two

Mackenzie Coatham; Dr. HJ Wieden, team advisor; Erin Kelly, Harland Brandon; Isaac Ward.

Synbiologica team wins 2013 Chinook Entrepreneur Challenge for biomedical device development

June 12, 2013

Press Three

Pictured left to right are Mackenzie Coatham, Dr. HJ Wieden (team advisor), Erin Kelly, Harland Brandon and Isaac Ward.

It’s win number two for the University of Lethbridge student researcher/entrepreneurs who form the Synbiologica Ltd. team.

CEO Isaac Ward (3rd year, Neuroscience), first-year Biochemistry student Erin Kelly and Chemistry and Biochemistry masters students Mackenzie Coatham and Harland Brandon have developed a new method of detecting hormones, and are in the process of patenting their idea.

Their proposed biomedical device technology -- called “Biologically Enhanced Assay in Real-Time” -- is expected to bring next-generation hormone detection to the research, agriculture and medical markets.

In addition to winning $10,000 in the SouthVenture Business Plan Competition in March, the group recently took first place in the Tech Stream side of the Chinook Entrepreneurial Challenge, an annual business planning competition hosted by Community Futures Lethbridge Region.

They received another $10,000 in cash, a one-year lease on space in the tecconnect -- An Alberta centre for New Commerce -- a high-tech business incubator operated by Economic Development Lethbridge -- plus a host of other in-kind prizes including business consulting from MNP and ActionCOACH, and several thousand dollars worth of media services.

“I am extremely proud of the Synbiologica group for their achievements and wish them continued success,” said Dr. Dan Weeks, the U of L’s Vice-President (Research).

“The U of L is a comprehensive research institution that offers significant research opportunities to undergraduate and graduate students. This approach is important as it equips our graduates with the knowledge and ability to thrive in their research and entrepreneurial careers.”

The competition evaluates and awards business plans submitted by entrepreneurs who have taken advantage of the free business training provided by Community Futures across Southern Alberta. Finalists were chosen from 24 groups that submitted business plans for the challenge.

While he has to be a bit cautious about revealing details because of the patent process – an expected six to eight-month timeline -- Ward said their idea will significantly improve the way in which hormones are detected.

“Hormones – and hormone imbalances -- play very important roles in understanding behaviour and mental health, pregnancy as well as development and aging of all populations,” Ward said.

“We are pursuing new technology for the detection of hormones that provides rapid results that are 93 per cent more cost effective than traditional antibody technology.”

The team’s market analysis showed diverse applications and projections for growth, with a two to three-year timeline to produce a marketable device. The first test runs of this device will occur this summer at the Canadian Centre for Behavioural Neuroscience in collaboration with neuroscience researcher Dr. Gerlinde Metz.

Ward said the team came up with the idea to develop the company and the new biomedical device by using the skills they learned through the iGEM (International Genetically Engineered Machines) program.

“The internationally competitive program allows undergraduate students to gain hands-on experience in science,” Ward said.

“iGEM is run out of a student-operated lab provided by the department of Chemistry and Biochemistry here at the University of Lethbridge and coordinated by Dr. HJ Wieden. We have been encouraged at every turn by our professors and others to move this idea forward, especially by the people at Alberta Innovates -- Technology Futures (AITF) who promote entrepreneurial engagement from scientific innovation.”

Ward cited advisors Dr. Gerlinde Metz (Department of Neuroscience), Dr. HJ Wieden (Department of Chemistry and Biochemistry), Dr. Roy Golsteyn (Department of Biological Sciences) and Michael Kelly (Erin Kelly’s father and Manager of Real Estate and Land Development, City of Lethbridge) as being particularly helpful as they refined their idea.

At an event held on Wednesday, June 12 in Lethbridge the Community Futures Lethbridge Region hosted an event that acknowledged the Synbiologica group for their win, and announced the additional winners of the Chinook Entrepreneur Challenge.

Lethbridge-based Ladybug Arborists took first place, while Strathmore business Kindred Companions and Lifesavers Designated Driving (Lethbridge) shared the runner-up awards.

For additional information about these up-and-coming businesses, please contact the Community Futures Lethbridge Region office through their website: http://lethbridgeregion.albertacf.com/ or phone (403) 320-6044.

South Venture Business Plan Competition Winners Show Diversity and Creativity

on Thursday, 28 March 2013. Posted in General LETHBRIDGE LIVING MAGAZINE

After a series of workshops and gruelling pitch sessions to a tough panel of judges, the 2013 South Venture Business Plan Competition winners are ready to take their business ideas to the next level.

The three groups shared $20,000–seed money to be used for expenses directly related to moving their business plan forward.

As well, the winners will automatically be eligible to compete in the provincial TEC Venture Prize Student Business Plan Competition, held in Edmonton in April.

The University of Lethbridge Faculty of Management and University of Lethbridge–Industry Liaison Office jointly sponsored the competition, which was open to post-secondary students and 2012 graduates from the Lethbridge and Medicine Hat regions, and from the U of L's Calgary and Edmonton campuses.

  • Profiles of the winning teams and their ideas follow:

  • 1st place ($10,000) Synbiologica Inc.
  • U of L Chemistry, Biochemistry, and Neuroscience masters and undergraduate students create a unique–and patent-pending–medical device to bring next-generation hormone detection to the research, agriculture, and medical markets.
  • Learn more about Synbiologica here

  • 2nd place tie ($5,000) Green Leaf Lawnscapes
  • Management student starts and significantly expands a full-service landscaping company while balancing school, marriage and a 6-month-old baby.
  • Learn more about Greenleaf Lawnscapes here.

  • 2nd place tie ($5,000) iTakeout.ca
  • Management and Fine Arts New Media students collaborate on a smartphone app to make takeout food orders more convenient
  • Learn more about the iTakeout.ca team here

U-of-L Team Wins 2013 Chinook Entrepreneur Challenge In Tech Stream Category

LETHBRIDGE: It's a win that has a business application but, also underscores the depth of research taking place at the University of Lethbridge

It was the first year that the Chinook Entrepreneur Challenge included a Tech Stream for technology-based businesses. Three finalists were chosen from 24 entrants that submitted business plans for the challenge. The winning plan came from the University of Lethbridge student researcher/entrepreneurs who form the Synbiologica Ltd. team.

This is the second win for the Synbiologca team, comprised of CEO Isaac Ward (3rd year, Neuroscience), first-year Biochemistry student Erin Kelly and Chemistry and Biochemistry masters students Mackenzie Coatham and Harland Brandon. They developed a new method of detecting hormones, which they expect will bring next-generation hormone detection to the research agriculture and medical market. They are in the process of patenting the the a biomedical device technology -- called “Biologically Enhanced Assay in Real-Time".

Not only did the group win $10,000 in the South Venture Business Plan Competition in March, they also took first place in the Tech Stream side of the Chinook Entrepreneurial Challenge. With that, came another $10,000, a one-year lease on space in the tecconnect Centre for New Commerce (a high-tech business incubator operated by Economic Development Lethbridge), as well as a variety of other assistance, including business consulting from MNP and ActionCOACH, and thousands of dollars in media services.

Because the biomedical technology is in a patent phase, not many details can be released. However, it is designed to improve the way in which hormones are detected and provide more accurate information in a reduced time frame. The new technology also has the potential for a wide array of applications.

Quoting a U-of-L release, Ward stated the team came up with the idea to develop the company and the new biomedical device by using the skills they learned through the iGEM (International Genetically Engineered Machines) program.

“The internationally competitive program allows undergraduate students to gain hands-on experience in science,” Ward said. U of L teams have claimed several top international honours at past competitions, and three of the Synbiologica entrepreneurs are off to Boston Massachusetts, toward the end of June as advisors to the U of L's high school iGEM team. The university-level competition takes place in October, 2013 at the Massachusetts Institute of Technology in Boston, MA.

The Chinook Entrepreneur Challenge is an annual business planning competition hosted by Community Futures Lethbridge Region. The competition evaluates and awards business plans submitted by entrepreneurs who have taken advantage of the free business training provided by Community Futures across Southern Alberta.

On Wednesday, in Lethbridge, the Community Futures Lethbridge Region acknowledged the Synbiologica group for their win, and announced the additional winners of the Chinook Entrepreneur Challenge. Outside of the Tech Stream Category, Lethbridge-based Ladybug Arborists took first place, while Strathmore business Kindred Companions and Lifesavers Designated Driving (Lethbridge) shared the runner-up awards.

Press Three

Synbiologica Ltd. team pictured L to R: Erin Kelly, Harland Brandon, Mackenzie Coatham and Isaac Ward show off Chinook Entrepreneur Challenge aware.

Posted on Thursday, June 13, 2013 at 10/23/2013 4:36:13 PM
Source: Dori Modney (@Dori_Modney on Twitter) with files and photos courtesy Bob Cooney and U-of-L

U of L scientists win entrepreneur challenge

By Peggy Revell on June 6, 2013. MEDICINE HAT NEWS

A biotech company started by a group of scientists from the University of Lethbridge came out on tops in the ninth annual Chinook Entrepreneur Challenge.

“It’s been a really exciting experience,” said Isaac Ward, who alongside Harland Brandon, Erin Kelly and Mackenzie Coatham have established Synbiologica a small biotech company based out of Lethbridge that is developing a method of rapid hormone detection.

Ward and Brandon represented Synbiologica Wednesday at the Medicine Hat Lodge for the CEC, competing in the portion of the competition for tech businesses. Competing against MathFileFolderGames.com and PlentyFull Services, they presented their business plans, took questions from judges, and were ultimately named the winner.

“It’s really about supporting local grown entrepreneurs,” said Geoff Rougeau, business analyst/project co-ordinator with Community Futures Lethbridge Region about the annual competition that will wrap up June 12 with judging for those in the general category taking place in Lethbridge. Participants come east to west in southern Alberta, all the way north to Camrose.

The competition starts with eight weeks of free training for interested small businesses, provided through Community Futures throughout southern Alberta including the chance to meet with accountants, lawyers and other resources, Rogeau explained. Participants then have a month to finalize and submit a business plan, and these submissions are whittled down to three finalists for the general and brand new tech business category.

As scientists, Ward said the opportunity to participate in the program to learn about business is “beyond beneficial.”

“Business training isn’t in our course load,” said Ward, thanking all the advisors, Community Futures and everyone who helped them along their way so far.

“We’re thankful we have an opportunity to pursue this, and to see others think it’s an idea to pursue as well gives a real sense of encouragement.”

Team: Synbiologica CEC Site Idea: Technology

Press Three

“We found the diversity of the workshops to be not only eye opening but also very informative. The speakers that were brought in provided a lot of one on one time with participants to cater advice for their business.”

Mackenzie Coatham

Isaac Ward, Erin Kelly, Mackenzie Coatham, and Harland Brandon are four science students at the University of Lethbridge who are developing a hormone detection device called Biologically Enhanced Assay in Real-time (BEAR). As their studies at the U of L don’t include any business training, they signed up for the Chinook Entrepreneur Challenge and its 8 week training program.

The team of four students are currently working out of the laboratories at the University of Lethbridge, and are being advised by professors at the University. Isaac and Erin are currently obtaining their undergraduate degree while Mackenzie and Harland are master’s students. When asked if it is difficult to handle their duties for Synbiologica and their studies, Isaac responded “As with many start-ups it takes a lot of work but with integrating planning, dedication, and most importantly team work, we feel confident that our commitment to education will be enhanced through real world application.”

While Synbiologica is still in the research phase and has yet to produce a prototype of BEAR, they are already looking to future applications of their product. They plan to market it to scientific researchers – more specifically ones focused on endocrinology and neuroscience – but also feel that BEAR will be useful in an agricultural or medical application.

These four students are excited about their idea, and while it may be a few years until BEAR is fully functional and approved for use, they remain committed to their research.

U of L Scientist Win Entrepreneur Challenge

Posted by Genome Alberta via medicinehatnews.com, 4 months ago

A biotech company started by a group of scientists from the University of Lethbridge came out on tops in the ninth annual Chinook Entrepreneur Challenge. “It’s been a really exciting experience,” said Isaac Ward, who alongside Harland Brandon, Erin Kelly and Mackenzie Coatham have established Synbiologica a small biotech company based out of Lethbridge that is developing a method of rapid hormone detection.