Alberta healthcare entrepreneurs can compete for a shared prize package of over $35,000 to support their innovative solution.

WireService.ca Media Release (11/12/2015) Edmonton, AB - Business accelerator TEC Edmonton announced today a new partnership with leading health diagnostics company DynaLIFE Dx. The partnership introduces a brand new healthcare stream for the TEC VenturePrize business plan competition, inviting Alberta healthcare entrepreneurs to compete for $35,000 to grow their business.

Now entering its 14th year, the TEC VenturePrize program offers cash, resources, business training and mentorship for Alberta-based entrepreneurs. The program culminates in the VenturePrize competition where entrepreneurs submit their business plans to compete for prize packages of cash and in-kind services.

The new DynaLIFE VenturePrize competition is the first VenturePrize competition stream to focus on innovation in the Alberta healthcare industry. It will award a cash prize of $25,000 to the winner and $10,000 to the Runner-Up. In addition, the winner and their company may have an opportunity to access expertise from DynaLIFE and their network of health care professionals.

"Promoting Alberta health and business innovation has always been a top priority for us," said TEC Edmonton CEO, Chris Lumb. "Partnering with an industry leader like DynaLIFE allows us to offer advanced opportunities for entrepreneurs in the healthcare space, which leads to improved quality of life as well as economic growth."

"DynaLIFE specializes in top quality medical laboratory testing and diagnostics but our overall vision is to enhance health and wellness within the community," said Jason Pincock, DynaLIFE CEO. "Supporting regional innovation and entrepreneurship is key, and no one is more committed to that than TEC Edmonton. Expanding on our existing Health Accelerator Partnership with them was a natural fit for us, and we're excited to introduce the new DynaLIFE competition stream to VenturePrize."

The VenturePrize program - including the new DynaLIFE competition stream - is now open for registration. The VenturePrize Seminar Series begins Thursday, November 19, and offers business training workshops to local entrepreneurs.

For more information about VenturePrize, visit www.ventureprize.com

About TEC Edmonton

TEC Edmonton helps technology entrepreneurs accelerate their growth. In addition to being the commercialization agent for University of Alberta technologies, TEC Edmonton operates Greater Edmonton's largest accelerator for early stage technology companies, including both university spinoffs and companies from the broader community.

TEC provides client services in four broad areas: Business development, funding and finance, technology commercialization and entrepreneur development.

TEC's ~128 active clients are an outstanding group of companies. Since 2011, TEC clients have generated $472M in revenue, raised $232M in financing and funding, invested $142M in R&D, grown employment by 25% per year and now employ over 1750 people in the region. In addition, TEC has assisted in the creation of 22 spinoffs from the University in the last five years.

In 2014, TEC Edmonton was identified by the Swedish University Business Incubator (UBI) Index as the 10th best university business incubator in the world, and was also named Canadian "Incubator of the Year" at the 2014 Startup Canada Awards.

For more information, visit www.tecedmonton.com

About DynaLIFE

DL is Alberta's largest privately owned Clinical Laboratory. DL is headquartered in Edmonton and employs over 1200 medical, technical, and support staff in Edmonton and throughout central and Northern Alberta. DL performs over 15 Million publicly funded laboratory tests annually for 1.5 Million Albertans in its state of the art laboratories. DL is recognized as one of Canada's Best Managed Companies and is recognized consistently as one of Alberta's Top 65 Employers. DL is accredited by the College of Physicians and Surgeons of Alberta and carries international accreditation through the College of American Pathologists. DL is a key training facility for laboratory training in Western Canada. For more information please visit: www.dynalifedx.com

MEDIA CONTACTS TEC Edmonton / VenturePrize Chris Lumb CEO, TEC Edmonton Phone: 780-492-8318 Email: chris.lumb@tecedmonton.com

DynaLIFE Dx Jason Pincock CEO, DynaLIFE Phone: 780-451-3702, x8196 Email: jason.pincock@dynalifedx.com