A year of the unexpected, some challenging, and others inspiring, here is a round-up of Alacrity’s busy year of growth and portfolio company successes in 2020.
If anyone made it through 2020 without the need to adapt, it is unbeknownst to us.
Alacrity Canada’s operations shifted online and our programs adapted throughout the year for continued development and growth.
Discover what kept us busy at-home over the year:
In Our Portfolio
Echosec Systems Acquired by The Tusker Fund
Another year, another successful acquisition.
Following Tutela Technologies’ successful merger with Comlinkdata last summer, our portfolio company, Echosec, was next-in-line with its recent acquisition by California-based firm The Tusker Fund in December.
Joining our Entrepreneurship Program in 2013, Echosec has evolved from a Canadian campus mapping tool to becoming a leader in the cybersecurity world. Seven years later, the company proved itself to be a coveted investment. Its acquisition is an excellent result for all stakeholders involved, and we couldn’t be happier for them.
Stay tuned for future developments at Echosec Systems, which will remain in Victoria and expand at home.
Certn Gaining Serious Ground in Canada’s Software Tech Community
More good news is on its way for our portfolio.
Named one of Canada’s Companies-to-Watch in the 2020 Deloitte Technology Fast 50™ Awards, Certn isn’t losing any momentum from its 2016 start.
Riding the wave of its impressive $6.5 million seed round led by Tribe Capital in March, Certn is gearing up for another announcement.
While we can’t talk specifics, we can say it is a very big deal for the future of Certn and a promising signal for technology software start-ups on Vancouver Island.
What’s Happening With Our Programs?
Although 2020 physically restricted us, it expanded our reach virtually. We launched new programs, secured an ongoing Fund distribution, and our Bootcamp grew over 300%. The year was, in short, a busy one.
Check-in on the programs in more detail below:
Amplify AI Launch Fills Gap in Canadian Artificial Intelligence Business Development
We introduced Amplify AI in partnership with Canada’s supercluster, Scale.AI, in British Columbia this past December.
Amplify AI is a supply chain commercialization, marketing, and sales acceleration program designed to scale artificial intelligence companies in the province. The program will contribute to business development, increased revenues, digital marketing efforts, and offers mentorship opportunities.
Find out more about Amplify AI and apply at https://www.alacritycanada.com/alacrity-canada-amplify-ai-bc/
Cleantech Program Extended & Set To Distribute Highly Sought-After Recycled Plastics Manufacturing Stimulus (RPMS) Fund
The Cleantech program had another successful year and will be expanding its mandate through 2021 and over the next 3 years.
In December, the program announced that it secured the distribution of the Government of British Columbia CleanBC Program’s Recycled Plastics Manufacturing Stimulus (RPMS) Fund. The Alacrity Cleantech team, in partnership with Synergy Foundation, is currently accepting and reviewing applications.
Find out more about the Fund and access the application at https://www.alacritycanada.com/cleantech/bc-recycled-plastics-manufacturing-stimulus-fund/rpms-fund-application/ until February 15th, 2021.
Hear more about the Cleantech 2020 Program experience.
The Digital Marketing Bootcamp Partners with the BC Government for 2500 Small and Medium-sized Businesses’ Economic Recovery
Currently underway, the Digital Marketing Bootcamp expanded its pilot program from 8 students in the classroom to a capacity of 2500 students online.
As a result of COVID-19, the Bootcamp is running in partnership with the BC government as a part of the province’s StrongerBC Economic Recovery Plan. The program aims to help small and medium-sized businesses adapt for the digital marketplace through online lessons and mentorship with digital marketing experts.
For 2021, we look forward to reaching more students in British Columbia and expanding beyond the province in the future.
Applications for the Alacrity Canada Digital Marketing Bootcamp are accepted on an ongoing basis.
Coming Up in 2021
Keep your eyes on our social media channels because we are working on something exciting with the BC government. Want a hint? It has to do with growing the e-commerce ecosystem in British Columbia.
Growing Our Team at Alacrity
Thrilling news for the Alacrity Team is that we grew domestically and afar!
In response to our domestic programs’ increased demand, Alacrity Canada (virtually) welcomed several new team members. Among some of the new faces was our first-ever Cleantech intern.
Internationally, Alacrity expanded its reach in Northern Europe with in-market representatives. We also continued nurturing our presence in Mexico, India, and Singapore.
For more information on where and how Alacrity operates globally, visit the Alacrity Global website at https://alacrity.co/.
We know that the ability to continue working and expanding was an exception rather than a rule in 2020. We are beyond thankful to our portfolio companies, stakeholders, and the wider tech community.
Here is to 2021 and a better year ahead.
Alacrity Canada is a venture builder that supports driven entrepreneurs. We help create thriving companies & connect them to our global network of expert investors & mentors.