TIMEZYX has won the top prize in the 2024 New Ventures BC Competition, presented by Innovate BC.
In addition to taking home the $110,000 Innovate BC First Place Prize, the Vancouver startup earns the distinction as the province’s top startup.
Founded by Kamyab Zandi and Adele Khavari, TIMEZYX is a cleantech startup providing real-time digital twin technology to help cities and infrastructure adapt to extreme climate events.
TIMEZYX provides a “living” structural simulation through a digital twin, continuously updated with real-world data to represent buildings and infrastructure. Their technology helps insurers assess insurability conditions for extreme events like floods and earthquakes, while enabling infrastructure owners to reduce the risk of structural failure.
“We are thrilled and honoured to receive the top prize in this year’s New Ventures BC Competition. This achievement validates our commitment to transforming how cities and infrastructure adapt to extreme climate events. We appreciate the recognition and support, which will allow us to enhance our digital twin solution and deliver impactful cleantech solutions,” shared Zandi after the win.
Surrey’s SkyAcres Agrotechnologies, an agtech startup enabling anyone to grow and sell produce through an energy-efficient vertical farming system and AI-powered marketplace, earned the $60,000 Innovate BC Second Place Prize.
Westbank’s skiKrumb, a hardware startup that’s revolutionizing ski resort navigation with a radio GPS tracker that works without cell service, secured the $35,000 Innovate BC Third Place Prize. skiKrumb also won the $10,000 Innovate BC Regional Startup Prize.
In addition to the top three winners, five additional startups were recognized for their achievements across a range of categories.
The $10,000 Innovate BC Sustainability Prize went to VulcanX, a cleantech startup producing hydrogen and solid carbon from natural gas with minimal emissions.
Vancouver agtech startup insporos won the $10,000 Innovate BC Woman-Led Venture Award for their advanced seed sorting technology that reduces resource waste and improves crop health.
The $10,000 Leap to the Cloud Prize, presented by National Bank of Canada went to yPilot, a fintech startup delivering generative AI software for financial institutions that enhances compliance, fraud detection, and open banking.
The Top Science Based Company In-Kind Prize went to CeraCura Nanotherapeutics, a healthtech startup developing innovative lipid nanoparticle-based mRNA therapies that bypass the blood-brain barrier to treat a range of neurological diseases
The Alumni Impact Award went to MineSense Technologies, a pioneer in digital mining solutions that has been collecting awards since inception, including the Deloitte Fast 50 and a recent inclusion in the Global Cleantech 100.
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