TrafficDriven Technologies has been crowned the winner of the 2021 New Ventures BC Competition.
The Vancouver-based, AI-powered startup took home the $110,000 Innovate BC First Place Prize Package at a hybrid ceremony that took place today at Roundhouse Community Centre in Vancouver.
Vancouver’s Train Fitness claimed the $60,000 Innovate BC Second Place Prize Package for their wearable workout tracker capable of automatically detecting sets and reps during a strength-based workout. Cleantech startup Moment Energy rounded out the top three and walked away with $35,000 for their energy storage and battery management systems.
TrafficDriven is building an AI-powered auction platform that enables the buying, selling, and trading of cars. Their dealer-fueled online marketplace ensures trust for consumers and allows brick and mortar dealers to compete with digital disruptors. Consumers can now skip the discomfort of a vehicle purchase and trade when traders bid for their business, while Dealers can upgrade their sales model and qualify in-market buyers.
In addition to the top three prize packages, the competition finalists also competed for four specialty prizes, including two newly added awards. This year’s winners included:
- BinBreeze, Victoria — $10,000 Innovate BC Regional Startup Prize
- Rootd, Victoria — $10,000 Innovate BC Social Venture Prize
- Rootd, Victoria — $10,000 Innovate BC Woman-Led Venture Award [NEW]
- Sacromere Dynamics, Abbotsford — $7,000 Luminaries Diamond-in-the-Rough Award [NEW]
Vancouver’s AbCellera, a 2013 competition finalist, was also recognized as the recipient of the first ever NVBC Alumni Impact Award.
In total, over $250,000 in cash and prizes were awarded during the 2021 awards. Since 2000, the Top 25 competition finalists have gone on to raise over $1 billion in financing and create over 8,600 new jobs.
Photo: Jeff Vinnick