One year ago, EidoSearch co-founders Xiao-Ping (Steven) Zhang and David Kedmey took to the stage after being named the first-place winners in the inaugural Backbone innovation campaign
. [Image: Winner John Myers, president of Edsby, with Steve Dietrich, Backbone
The judges of the second-annual Backbone Innovation Campaign
have spoken. Below are the 10 most-promising tech start-ups in Canada.
EidoSearch, the winner
of last year’s Start Me Up Innovation Campaign
, now has another milestone under its belt with the launch of a new product built out of its flagship financial data search engine technology.
Applications are flowing in from Canadian tech entrepreneurs for the second-annual Backbone Innovation Campaign
, and judges are gearing up for the tough job of narrowing the strong field down to a 10-best list and then, at our live event May 6, choosing one winner and one runner up.
To support its goal of expanding into the U.S. legal market, innovation contest runner-up TitanFile has naturally targeted top industry trade shows to attend in 2013. The first of these—LegalTech New York 2013—provided the start-up with “extraordinary” success, and also a number of lessons, according to Emily Barnes, community manager at TitanFile.
Do you run an early-stage tech company with less than $2 million in annual revenue? The second annual Backbone Start-Up Innovation Campaign - $100,000 in prizes - is a great contest for you to enter. Or if you know someone who could be our next winner, please pass the word along.
EidoSearch, winner of last year’s innovation campaign hosted by Backbone magazine
, received news earlier this month that the U.S. Patent and Trademark Office allowed the pending claims in one of its patent applications.
Early customers are not just a source of revenue for start-ups, but help hone the company’s development efforts through their feedback and iterative product development.
The past weeks have brought success to Alpha Exchange Innovation Campaign award winner EidoSearch thanks directly to its recent focus on agile development
There’s no question that start-ups need a long-term vision to succeed but, as recent efforts at EidoSearch prove, there is also a time to roll-up sleeves and focus on the short-term.
Canada has no shortage of brilliant minds and great ideas, but our innovators sometimes lack the gung-ho capitalist attitude seen south of the border.
Finding funds to maintain growth is almost always a challenge for start-ups, and that’s the case for EidoSearch, winner of the Alpha Exchange Innovation Campaign. The company works with traditional investors and luckily has been able to tap into public sector grants to help it along.
Congratulations to Clifton van der Linden
, a finalist in the Alpha Exchange Innovation Campaign 2012 hosted by Backbone
magazine, who has recently been named a 2012-13 Action Canada Fellow!
TitanFile—the runner up in the Alpha Exchange Innovation Campaign hosted by Backbone this spring—has completed a successful round of financing which it will use to advance its technology and spread to U.S. markets.
There’s little question that recruitment can be a significant challenge and that hiring the right employees can have a huge impact on a small, growing company. Every hire made by any comes with an amount of risk, but for start-ups the risk and reward is much greater.
There reaches an inevitable point for a start-up when communicating its value and competitive differentiation more efficiently and widely becomes crucial. For EidoSearch, that time is now.
As EidoSearch begins to take advantage of its prize winnings from the Alpha Exchange Innovation Campaign this spring, the company has some important decisions to make around technology.
It’s been a busy two weeks for EidoSearch since completing its participation in the annual FinTech Innovation Lab, especially since the company has begun raising a new round of funding.