Six entrepreneurial students from the Faculty of Arts and Social Sciences (FASS) have successfully landed themselves a spot in the finals of the annual Coast Capital Savings Venture Prize competition. As finalists, they will present one last pitch with their respective teams to a judging panel of industry experts who will determine which teams will be going home with the top prize.
To celebrate ventures both in the ideation stage and fully-operating businesses, the Coast Capital Savings Venture Prize is categorized into two streams: Idea Stream and Venture Stream.
The Idea Stream was created to recognize the entrepreneurship of teams who are still in the early stages of development. This stream emphasizes the potential of ventures based on their vision and execution plan for developing their idea. Among the finalists for this stream, Political Science student, Winnie Chang, and Arron Staradub from the Department of Economics are part of a transdisciplinary team called Ruby Remote which aims to create technological solutions for seniors and those with cognitive impairments.
The Venture Stream is for startups who are further along in their business development. The finalists in this stream will be evaluated based upon the quality of their business concept, current progress and future plans, as well as presentation skills. One of the finalists is Psychology alumna, Christina Wong, whose non-profit venture, Employ to Empower, aims to break the cycle of poverty in the downtown eastside by providing long-term employment.
A total of sixteen teams, five of which consist of a FASS student or alumni, will be competing for the top prizes. The Idea Prize winner will win $5,000 and entry into the Venture Connection incubator, while the Venture Prize award is a cash and in-kind prize package valued at over $35,000.
The Idea Stream final will take place on Friday, April 5 at SFU Surrey from 3—5pm. The Venture Stream final will be on Thursday, April 11 at Borden Ladner Gervais LLP from 1—4pm.