P R E S S   R E L E A S E

FIRST OPIC-WIDE BUSINESS PLAN COMPETITION HELD

February 25, 2009, Toronto, Ontario, Canada

Twenty-six entrants competed in The Ontario Partnership for Innovation and Commercialization (OPIC) Business Plan Competition. Judges from McMaster’s Xerox Centre for Engineering, Entrepreneurship and Innovation and Vencorps Community Capital selected the winner from 6 finalists chosen by judges from the Ontario Society for Excellence in Technology Transfer (OnSETT) and Q1 Capital.

Open to students, alumni and faculty from OPIC’s seven member universities* the competition attracted plans from business sectors ranging from internet/web-based business, fashion, biotechnology, to media arts.

The six finalists were:

• AIME, Monica Mei Chu, alumnus, Ryerson University
• Fabeway.com, Leonard Isayev, (alumnus Ryerson University), Luis Valente, Scott Smirnov, Maryam Mokhtari, (Ryerson University)
• Mycovar Biotechnology Corporation, Mazen Saleh, Professor, Laurentian University
• RC Reality Check System, Ammar Al-Kuwaiti, student, Ryerson University
• The Dream Machine, Alex Levesque & Jason Legault, alumni, Laurentian University
• ZelenTech, Arvin Peter & Dejan Markovic, alumni, Ryerson Univerity

OPIC congratulates Monica Mei Chiu as our winner and thanks the judges, participants and Ryerson’s SIFE student entrepreneur club for making OPIC’s first business plan competition such a success.

*OPIC is a network of 7 Ontario universities: Brock, Lakehead, Laurentian, Nipissing, Ryerson, Trent and the University of Ontario Institute of Technology, working together to increase technology transfer, commercialization and entrepreneurial culture.

For more information please contact: Karen Zavitz, Managing Director, OPIC

Presented by Ontario Partnership for Innovation and Commercialization
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