Here is the presentation presented on March 1st 2011 at the SFU Time Centre.
Ready to Rocket is a business recognition program for British Columbia's tech sector that showcases the Revenue Growth Leaders of Tomorrow.
Tuesday, March 1, 2011
2011 Life Science Emerging Rockets List
Agrisoma Biosciences Inc.
ARC Medical Devices Inc.
Augurex Life Sciences Corp.
Bionic Power Inc.
Cellfor Inc
Cogent Health Solutions Inc.
Del Mar Pharmaceuticals.
enGene Inc.
Indel Therapeutics Inc.
Inimex Pharmaceuticals Inc.
Superna Life Sciences
Valocor Therapeutics, Inc
VanRx PharmaSystems Inc.
viDA Therapeutics
Zymeworks Inc.
ARC Medical Devices Inc.
Augurex Life Sciences Corp.
Bionic Power Inc.
Cellfor Inc
Cogent Health Solutions Inc.
Del Mar Pharmaceuticals.
enGene Inc.
Indel Therapeutics Inc.
Inimex Pharmaceuticals Inc.
Superna Life Sciences
Valocor Therapeutics, Inc
VanRx PharmaSystems Inc.
viDA Therapeutics
Zymeworks Inc.
2011 "Ready to Rocket" Life Science List
Announcing 2011 Ready to Rocket Life Science List
Rocket Builders Names Top Companies to “Ready to Rocket” Life Science List
BC’s Life Science companies positioned for significant milestones in 2011
VANCOUVER, BC – March 1, 2011
Rocket Builders today released its first-ever “Ready to Rocket” list of B.C. Life Science technology companies. The ten privately-held companies are positioned to achieve significant milestones in 2011 that will lead them to rapid growth and investment.
The “Ready to Rocket” recognition list is the only predictive list of its kind in North America.
Life Science technology encompasses Biotechnology, Pharmaceuticals, Diagnostics, Medical Devices, Healthcare Information Technology and other innovations improving health. British Columbia has a diversified mix of companies across all of these areas.
According to Thealzel Lee, Senior Partner at Rocket Builders, “B.C. has a strong tradition of creating successful companies in Life Science sectors like biotechnology and medical devices. With strong academic and preclinical research centres, many experienced entrepreneurs, and an active community of angel investors, B.C. has a great climate to generate Life Science companies with great potential.”
The life science industry came through the recent recession remarkably well, with global growth between 4% and 6% and it is forecast to grow globally at 5% to 7% over the next 3 years. In emerging markets like South America, Asia and Russia, growth is over 15%.
The climate for investment is very positive for Life Science companies. "Last year, Life Science investment in Canada jumped 38 per cent over 2009,” said Geoffrey Hansen, Managing Partner at Rocket Builders. “And with growing demand for biotechnology and medical devices in emerging markets like China and India, the investment prospects for young innovative companies from Canada are very good."
Concurrent with the 2011 ”Ready to Rocket Life Science” list, Rocket Builders also released a list of “Emerging Rockets” of fifteen additional B.C. Life Science companies that hold potential for breakthroughs in the coming years.
BC’s Life Science companies positioned for significant milestones in 2011
VANCOUVER, BC – March 1, 2011
Rocket Builders today released its first-ever “Ready to Rocket” list of B.C. Life Science technology companies. The ten privately-held companies are positioned to achieve significant milestones in 2011 that will lead them to rapid growth and investment.
The “Ready to Rocket” recognition list is the only predictive list of its kind in North America.
Life Science technology encompasses Biotechnology, Pharmaceuticals, Diagnostics, Medical Devices, Healthcare Information Technology and other innovations improving health. British Columbia has a diversified mix of companies across all of these areas.
According to Thealzel Lee, Senior Partner at Rocket Builders, “B.C. has a strong tradition of creating successful companies in Life Science sectors like biotechnology and medical devices. With strong academic and preclinical research centres, many experienced entrepreneurs, and an active community of angel investors, B.C. has a great climate to generate Life Science companies with great potential.”
The life science industry came through the recent recession remarkably well, with global growth between 4% and 6% and it is forecast to grow globally at 5% to 7% over the next 3 years. In emerging markets like South America, Asia and Russia, growth is over 15%.
The climate for investment is very positive for Life Science companies. "Last year, Life Science investment in Canada jumped 38 per cent over 2009,” said Geoffrey Hansen, Managing Partner at Rocket Builders. “And with growing demand for biotechnology and medical devices in emerging markets like China and India, the investment prospects for young innovative companies from Canada are very good."
Concurrent with the 2011 ”Ready to Rocket Life Science” list, Rocket Builders also released a list of “Emerging Rockets” of fifteen additional B.C. Life Science companies that hold potential for breakthroughs in the coming years.
Tuesday, February 22, 2011
2011 Ready to Rocket Cleantech Presentation
Here is the presentation presented on February 22nd 2011 at the Vancity Theatre.
2011 "Ready to Rocket" Cleantech List
Aquatic Informatics Inc.
Corinex Communications Corp.
Corvus Energy
Delaware Power Systems Corp.
Delta-Q technologies Corp.
dPoint technologies Inc.
Endurance Wind Power
Nexterra Systems Corp.
NxtGen Emission Controls
Ostara Nutrient Recovery Technologies Inc.
Paradigm Environmental Technologies inc.
Pulse Energy Inc.
Rapid Electric Vehicles Inc.
Switch Materials Inc.
Tantalus Systems Corp.
Corinex Communications Corp.
Corvus Energy
Delaware Power Systems Corp.
Delta-Q technologies Corp.
dPoint technologies Inc.
Endurance Wind Power
Nexterra Systems Corp.
NxtGen Emission Controls
Ostara Nutrient Recovery Technologies Inc.
Paradigm Environmental Technologies inc.
Pulse Energy Inc.
Rapid Electric Vehicles Inc.
Switch Materials Inc.
Tantalus Systems Corp.
Announcing 2011 Ready to Rocket Cleantech List
Rocket Builders Names Top Companies to “Ready to Rocket” Clean Technology List
BC’s Cleantech sector positioned for high growth and investment
VANCOUVER, BC – February 22, 2011
Rocket Builders today released its first-ever “Ready to Rocket” list of B.C. clean technology companies. The fifteen privately-held companies are positioned to capitalize on clean technology and industry trends that will lead them to rapid growth and investment.
The “Ready to Rocket” Cleantech list is the only predictive list of its kind in North America.
British Columbia’s cleantech sector is emerging as one of the strongest contingents for recovery from the market downturn of 2008. “When the market crashed many analysts predicted that cleantech would also fall by the wayside. That’s simply not the case,” said Geoffrey Hansen, Managing Partner at Rocket Builders. “In fact, cleantech [along with life sciences] have been driving the market’s return and some of the biggest venture capital deals in Canada have been within the cleantech sector.”
For example, Chrysalix, a BC-based energy venture capital firm, was recently named the most active cleantech venture capital firm by the Cleantech Group. According to Mike Walkinshaw, Managing Director and CFO of Chrysalix, "There is a substantial amount of interest and venture capital dollars available for locally-based cleantech companies. I believe Vancouver is one of the top three cleantech hubs in North America based on management teams, technology and available finance." Chrysalix manages over $300 million in assets.
Cleantech investment accounted for approximately 40% of all Canadian venture capital investment last year. In the Vancouver area alone, there are more than 1,400 cleantech companies, and as well, British Columbia has one of the lowest corporate income tax rates in the world making it a desirable location for technology companies to establish and innovate. B.C. has a track record of consistently launching technology companies that are attractive to investors.
According to Dave Thomas, Senior Partner at Rocket Builders, “B.C.’s innovation in the area of cleantech has a number of ‘positives’ surrounding the fact that we have a large pool of engineering talent that is drawn to a substantial number of well-established anchor companies within the cleantech sector such as Ballard, Westport Innovations, MDA, as well as Creo and the like. Also, businesses here in Western Canada are very concerned about sustainability, so there is a definite market trend and mindset toward cleantech.”
Concurrent with the 2011 ”Ready to Rocket Cleantech” list, Rocket Builders also released a list of “Emerging Rockets” of ten additional B.C. cleantech companies that hold potential for market breakthroughs in the coming year.
BC’s Cleantech sector positioned for high growth and investment
VANCOUVER, BC – February 22, 2011
Rocket Builders today released its first-ever “Ready to Rocket” list of B.C. clean technology companies. The fifteen privately-held companies are positioned to capitalize on clean technology and industry trends that will lead them to rapid growth and investment.
The “Ready to Rocket” Cleantech list is the only predictive list of its kind in North America.
British Columbia’s cleantech sector is emerging as one of the strongest contingents for recovery from the market downturn of 2008. “When the market crashed many analysts predicted that cleantech would also fall by the wayside. That’s simply not the case,” said Geoffrey Hansen, Managing Partner at Rocket Builders. “In fact, cleantech [along with life sciences] have been driving the market’s return and some of the biggest venture capital deals in Canada have been within the cleantech sector.”
For example, Chrysalix, a BC-based energy venture capital firm, was recently named the most active cleantech venture capital firm by the Cleantech Group. According to Mike Walkinshaw, Managing Director and CFO of Chrysalix, "There is a substantial amount of interest and venture capital dollars available for locally-based cleantech companies. I believe Vancouver is one of the top three cleantech hubs in North America based on management teams, technology and available finance." Chrysalix manages over $300 million in assets.
Cleantech investment accounted for approximately 40% of all Canadian venture capital investment last year. In the Vancouver area alone, there are more than 1,400 cleantech companies, and as well, British Columbia has one of the lowest corporate income tax rates in the world making it a desirable location for technology companies to establish and innovate. B.C. has a track record of consistently launching technology companies that are attractive to investors.
According to Dave Thomas, Senior Partner at Rocket Builders, “B.C.’s innovation in the area of cleantech has a number of ‘positives’ surrounding the fact that we have a large pool of engineering talent that is drawn to a substantial number of well-established anchor companies within the cleantech sector such as Ballard, Westport Innovations, MDA, as well as Creo and the like. Also, businesses here in Western Canada are very concerned about sustainability, so there is a definite market trend and mindset toward cleantech.”
Concurrent with the 2011 ”Ready to Rocket Cleantech” list, Rocket Builders also released a list of “Emerging Rockets” of ten additional B.C. cleantech companies that hold potential for market breakthroughs in the coming year.
Wednesday, January 26, 2011
Emerging Rockets vs Ready to Rocket
I noticed from questions received and in some of the messages flying over the social media channels that there can be some confusion about what a "Ready to Rocket" company is versus what an "Emerging Rocket" company is.
On the program's website, there is a brief explanation.
Essentially, an "Emerging Rocket" is entering the market and trying to establish a base of initial customers and its primary milestones are first sales, partnerships and investment. An "Emerging Rocket" can be a startup, but many times it is a company that has been around a number of years and a change in strategy, product or market conditions open up a new opportunity.
A "Ready to Rocket" company has clearly established a base of initial customers and revenue and is rapidly increasing headcount and revenue, with the potential to exceed sector growth rates and sometimes doubling in company size in less than a year. After achieving a significant revenue base (ie. for ICT companies, this is $25 million in revenue), a company graduates from consideration for "Ready to Rocket" as the dynamics for growth will differ from companies with less revenue.
A related question seems to be "how come companies are Ready to Rocket for multiple years?" ... As long as companies can repeatedly hit our hurdle rates for superior growth rates, they are competitive for consideration for the "Ready to Rocket" list each year. A few companies have been able to be selected for recognition for 3 or 4 years in a row by meeting double digit growth targets, while others with triple digit growth quickly exceeded the "graduation" hurdle mentioned above within a couple of years.
In our public presentation in Vancouver recently we showed our "Napkin to NASDAQ" chart from the 1990's which illustrated the lifecycle from startup to IPO (see slide #7) and highlighted that a "Ready to Rocket" company is entering a phase of maximal revenue growth while an "Emerging Rocket" company is earlier in the cycle. As you can see in this chart, the ranges of these two categories overlap and cover a significant amount of time in the growth cycle.
On the program's website, there is a brief explanation.
Essentially, an "Emerging Rocket" is entering the market and trying to establish a base of initial customers and its primary milestones are first sales, partnerships and investment. An "Emerging Rocket" can be a startup, but many times it is a company that has been around a number of years and a change in strategy, product or market conditions open up a new opportunity.
A "Ready to Rocket" company has clearly established a base of initial customers and revenue and is rapidly increasing headcount and revenue, with the potential to exceed sector growth rates and sometimes doubling in company size in less than a year. After achieving a significant revenue base (ie. for ICT companies, this is $25 million in revenue), a company graduates from consideration for "Ready to Rocket" as the dynamics for growth will differ from companies with less revenue.
A related question seems to be "how come companies are Ready to Rocket for multiple years?" ... As long as companies can repeatedly hit our hurdle rates for superior growth rates, they are competitive for consideration for the "Ready to Rocket" list each year. A few companies have been able to be selected for recognition for 3 or 4 years in a row by meeting double digit growth targets, while others with triple digit growth quickly exceeded the "graduation" hurdle mentioned above within a couple of years.
In our public presentation in Vancouver recently we showed our "Napkin to NASDAQ" chart from the 1990's which illustrated the lifecycle from startup to IPO (see slide #7) and highlighted that a "Ready to Rocket" company is entering a phase of maximal revenue growth while an "Emerging Rocket" company is earlier in the cycle. As you can see in this chart, the ranges of these two categories overlap and cover a significant amount of time in the growth cycle.
2011 ICT Emerging Rockets List
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