Vancouver, BC- Genome British Columbia (Genome BC) and the Sumas Regional Consortium for High Tech (SRCTec) have signed a Memorandum of Understanding (MOU) in an effort to collectively advance their goals of entrepreneurship and commercialization. Both organizations focus on accelerating technology innovation through to commercialization - from great idea to tangible product.
Genome BC is the catalyst for research and the application of genomics in BC. The organization brings together research partners and co-investors from industry, government and academia and supports world-class innovation that is relevant to BC’s key socio-economic sectors, attracts co-investment and engagement from other organizations, and maintains partnerships with a broad cross-section of provincial research institutions.
“Strong linkages with SRCTec is a natural fit for us,” says Dr. Alan Winter, President & CEO of Genome BC. “The Sumas Region is an area of significant innovation and economic importance and their work fits in with our broader sector and organization goals.”
SRCTec is dedicated to fostering and promoting a positive climate for technology businesses and their future investment in the region. SRCTec invests in education, research, and a technically skilled workforce. To ensure success the organization has developed a business incubation facility to support start-up technology innovators through business facilitation, technology transfer and entrepreneur services to create new companies, commercialize new technologies, generate jobs and develop local economies in the Sumas Region.
“Alignment with Genome BC provides SRCTec client companies a research dimension that can be a great catalyst for the success of the intakes into the program,” says Ray Szabada, founder of SRCTec and Chairman of the Board.
Future goals through the MOU include funding joint project initiatives and linkages for entrepreneurial support.
About Genome British Columbia:
Genome British Columbia is a catalyst for the life sciences cluster on Canada’s West Coast, and manages a cumulative portfolio of over $660M in 211 research projects and science and technology platforms. Working with governments, academia and industry across sectors such as forestry, fisheries and aquaculture, agri-food, energy and mining, environment, and human health, the goal of the organization is to generate social and economic benefits for British Columbia and Canada. Genome BC is supported by the Province of British Columbia, the Government of Canada through Genome Canada and Western Economic Diversification Canada and more than 300 international public and private co-funding partners. www.genomebc.ca
SRCTec is a not-for-profit organization governed by a select group of technology executives that form a volunteer board of directors. SRCTec is a coalition of local government, industry partners and high education institutions interested in attracting tech based investment into the “Region” (including the District of Mission, City of Abbotsford and Chilliwack). As a consortium, SRCTec understands the necessary infrastructure and programs required within the region in order to create jobs, foster innovation and drive skilled training.
Program Director, Agri-Food Venture Acceleration Program
The Sumas Regional Consortium for High Tech
Communications Manager, Sectors