With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.
Issue link: http://digital.canadawide.com/i/950283
8.6% Construction industry's con- tribution to B.C.'s gross domestic product ApRIL 2018 BCBusiness 17 The company has set up a model showing how it deploys nanonet technology, which uses carbon to conduct electricity, to capture materials in water and bundle them into an easy- to-remove gel. "We can pull out any- thing. It's 100 times more efficient than active carbon," says president and CEO Mike Carlson, a PhD candidate in electrophysiology at UBC, referring to the most commonly used method of filtering water. Hatch is a partnership between the ICICS and entrepre- neurship@UBC in collaboration with the Sauder School of Busi- ness and the faculties of science and applied science. The pro- gram allows UBC students, staff and alumni (within five years of graduation) to apply for funding and space to build their ideas and businesses. In another corner of the workspace is an office dedicated to Embrace Orthopaedics, marked only by a piece of paper on the door and a life-size replica of a human lower body. On the model's right leg are two sets of four wires that wrap around the knee. It's part of the company's pilot process, which strives to deliver the benefits W ere the folks who created Hatch, a technology incuba- tor based on the UBC campus in Vancouver, aiming for the famil- iar trope of scientists huddled in a basement lab? Heading down into the bowels of the Institute for Computing, Information and Cognitive Systems ( ICICS), it's easy to imagine scores of geeks fiddling away on obscure computer programs. The reality: in every nook of the 8,000-plus square feet devoted to Hatch, fledgling companies are working on solutions to problems facing society. "Some of this stuff really is incredible," says Hatch entrepreneur-in-residence Francis Steiner. "You'll see." He's not lying. The projects range from automating bicycle parking and umbrella rentals to a simple water purifica- tion process that can remove contaminants. Tackling the latter is CarboNet Nanotechnologies. Breaking Out STARTUpS of a knee brace without the clunkiness. "We use tension instead of compression," says co-founder and CEO Zack Eberwein, a 23-year-old mechanical engineer- ing grad who's already had two knee surgeries. The company is now testing its prototype with Team Canada gymnasts as well as the Vancouver Canucks. Embrace hopes to launch by the end of the year, and there won't be any wires. "Hidden within the stitch- ing of the tights will be support for the knee," Eberwein explains. "We plan on bringing the same technology to other ligaments and joints, like shoulders." Steiner can't help but grin as he checks in on each enterprise. "We launched a year and a half ago with 10 ventures; now we're close to 30," he says. "The stuff down here, it's going to change the world." • UBC's hatch incubator provides a home for tech ventures connected to the university by Nathan Caddell 23,569 Construction companies in B.C. >80% Share of con- struction work in Canada done by independent contractors $46 billion Estimated annual construction billing in Canada that remains unpaid after 30 days EgghEADS TOp: hATCh COURTESY OF CLARE KIERNAN joint effort Embrace Orthopae- dics is building a better knee brace SOURCE: UBC 29 Ventures funded by Hatch so far 225 Ventures acceler- ated by Hatch $130 million Funding raised for Hatch ventures 92% of which employ fewer than 20 people