TEC Connector

Post ImageI attended TEC Edmonton’s TEC Connector event this afternoon with Dickson. TEC Edmonton is a joint venture of the University of Alberta and the Edmonton Economic Development Corporation. Here’s what the event was all about:

This TEC Connector event will showcase companies created from the results of University of Alberta inventions and technologies. In addition, the event is an active connector which will provide networking tools and tips, plus generate opportunities to connect with useful representatives in our community, including: university researchers, start-up company leaders, professional service firms, financial support organizations, government agency representatives, media representatives, inventors and entrepreneurs.

Obviously Paramagnus is not a spin-off company, nor we do use any University research or innovations, but we though the event might be a great opportunity to do some networking anyway. We met some interesting people and found out more about many of the local companies we had only just heard of in the past. I also learned some interesting statistics about University of Alberta spin-off companies:

  • As of March 31st, 2005 there were 69 active UofA spin-off companies
  • There have been 84 such companies formed since 1963, including those that have merged, been acquired, or discontinued
  • These companies employ more than 1000 high-skilled workers
  • More than 80% of the spin-offs are based in Alberta
  • Seven are publicly traded

One of the speakers at the event also mentioned the pending offer to purchase to the Hudson’s Bay building downtown, which if approved is where TEC Edmonton’s new headquarters would be. University administration presents the proposal to the Board of Governors on Friday, so we should know either this week or next whether or not the deal will go through.

Networking events are always lots of fun! This one was especially good because there was free food and drinks 🙂

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