BC Business
The company’s digital twin technology led it to victory and a $110,000 prize from New Ventures BC and Innovate BC.
TimeZyx, a cleantech startup that provides real-time digital twin technology (similar technology to that used by organizations like YVR today) to help cities and infrastructure adapt to extreme climate events, has won the 2024 New Ventures BC Competition, presented by Innovate BC.
The award comes with a $110,000 first-place prize. The company provides a structural simulation through its digital twin with real-world data to represent buildings and infrastructure. Its technology helps insurers assess conditions for extreme events like floods and earthquakes.
“We are thrilled and honoured to receive the top prize in this year’s New Ventures BC Competition,” said Kamyab Zandi, co-founder and CEO of TimeZyx, in a release. “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.”
SkyAcres Agrotechnologies, a Surrey-based 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. And SkiKrumb, an Okanagan-based company that’s revolutionizing ski resort navigation with a radio GPS tracker that works without cell service, secured $35,000 for coming in third.
“This year’s competition showcased a unique mix of innovative startups from across the province,” said Angie Schick, executive Director at New Ventures BC. “By combining cutting-edge innovation and creativity, this year’s winners are transforming traditional farms, energy production, and banking systems through made-in-BC technology.”
For a full list of the companies that received prizes at the competition, click here.