New Ventures BC is a non-profit organization that recognizes, encourages, and supports entrepreneurship in BC’s technology sector.Founded in 2000, the non-profit New Ventures BC Society administers and operates the annual Innovate BC-New Ventures competition which gives early-stage B.C. innovators and entrepreneurs in tech access to technology leaders, business education and $300,000 in prizes. This is made possible through generous support from the public and private sectors, including title partner Innovate BC.The mandate for the New Ventures BC Society is to recognize, encourage, and develop entrepreneurship and innovation in B.C.’s start-up technology sector.Each year, more than 150 B.C. business leaders—entrepreneurs, venture capitalists, angel investors, academics and professionals—donate their time and expertise as mentors and judges.To date, more than 1,400 aspiring B.C. entrepreneurs have entered the competition, with 36 winning major prize packages. Most winners have continued on to form viable companies, raising more than $100 million in financing and creating more than 600 jobs for British Columbians.However, it’s not only the winners of the competition who go on to success. Many finalists and round-three competitors use the skills they have learned in the competition to commercialize their business ideas.