FanSaves Wins RC100 2019
Renfrew County Community Futures Development Corporation Announces the Winner of its Second Startup Competition
August 14, 2019 5:00 PM Eastern Daylight Time
PEMBROKE, Ontario–After three intensive rounds of competitive down-selection, FanSaves won the second annual RC100 Startup competition, securing $100,000 in early-stage investment from Renfrew County Community Futures Development Corporation (CFDC).
FanSaves is a platform that helps sports teams and other organizations activate their fan base, increase engagement and compile valuable customer data and ROI. Their mobile app gives fans discounts and deals from sponsors of their favourite teams and organizations. Each redemption is tracked in a dashboard, unique to each team and sponsor, and gives them customer analytics and a way to track return on investment.
“We want to prove that you don’t have to live in Silicon Valley to be a successful tech company. We want to show the world that Renfrew County is THE place to do business and we want to prove that a rural county can help produce a world-class tech startup. The RC100 investment will make this possible”. Shannon Ferguson, Co-Founder & CEO FanSaves.
The competition, which began in February of this year with 28 entries, officially ended today at the SRB Technologies Inc. RC100 Startup Reception held at the Pembroke & Area Airport.
“We are excited to be backing FanSaves” said Ray Bonenberg, Chair of Renfrew County CFDC’s Board of Directors. “The innovative software is impressive but even more so, the people who are behind its commercialization. Congratulations to all.”
FanSaves is disrupting the way teams (including sports teams, organizations, towns and BIAs, e-sports, events, festivals, universities and colleges, and influencers) sell sponsorship and advertising by giving businesses who sponsor these entities a way to track their return on investment, as well as valuable customer data. Their app is the first platform that connects fans to multiple teams and their sponsors all in one place; activating their fan bases and encouraging them to spend money at the businesses that support their favourite or local teams. Incentivizing people with discounts and deals on the FanSaves app, not only helps them save money but also promotes shopping local, enhances tourism in areas that are on FanSaves and acts as a conduit to help inform people (whether they are from the area or out-of-town) of places they can eat, shop, stay or get services at.
Find out more at www.fansaves.com
RC100 is supported by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) and modelled after the successful N100, Northumberland’s CFDC’s open invitational technology startup competition. Delivered by Renfrew County CFDC in collaboration with L-SPARK, Startup Canada and Invest Ottawa, and through sponsorship by BDC, Algonquin College, City of Pembroke, Renfrew County Economic Development Department, MathWorks, Budgeto, SRB Technologies Inc. and powered by Reviewr, RC100 will enter its third year with a call for applications in January, 2020. Visit us online at www.rc100.ca.
About FedDev Ontario
FedDev Ontario actively works to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation and growth in Canada’s most populous region. The Agency has delivered impressive results, which can be seen in businesses that are creating innovative technologies, improving their productivity, growing their revenues, and in the economic advancement of communities across the region. For more information, visit www.FedDevOntario.gc.ca.
Riverwood Acoustics wins RC100 2018
Renfrew County Community Futures Development Corporation Announces the Winner of its First Startup Competition
August 24, 2018 5:00 PM Eastern Daylight Time
PETAWAWA, Ontario–After three rounds of competitive down-selection, Riverwood Acoustics won the first annual RC100 Startup competition, securing $100,000 in early-stage investment from Renfrew County Community Futures Development Corporation (CFDC).
Riverwood Acoustics is a Renfrew County-based designer and manufacturer of one-of-a-kind premium home bluetooth speakers made from reclaimed riverwood. The company focuses on sound excellence, build quality and aesthetics. Their branding is built around the connection to local culture and the unique use and conscientious sourcing of reclaimed wood. Historic, Artful, Unrivaled. Once in full production, the company will create up to 12 full-time positions and influence over 30 positions indirectly through contract manufacturers in Renfrew County.
“We are thrilled to win RC100 and to have the support of Renfrew County CFDC and the business community in establishing home audio wireless products locally,” said Riverwood Acoustics founder Ben Seaman. “This investment in innovation—along with guidance in optimizing our productivity and performance—will position Riverwood Acoustics for sustained growth as we continue to deliver and deploy our units with customers across North America and around the world.”
“Our objective is to become a world leader in premium home wireless speakers made from reclaimed riverwood,” explains Seaman. “A truly unique product that will compete with style and sound quality that allows us to provide beautiful, high-fidelity home wireless speakers that are made from 100% reclaimed riverwood to our customers.”
Based on their exceptional performance in the RC100 Top 4, Renfrew County CFDC is looking at utilizing a broader suite of programs to develop funding opportunities for the other finalists.
The competition, which launched in February of this year with 35 entries, officially ended today at the SRB Technologies Inc. RC100 Startup Reception, held at the Garrison Petawawa Golf Club.
“We are excited to be backing Riverwood Acoustics,” said Paul Curtis, Chair of Renfrew County CFDC’s Board of Directors. “The technology is impressive but even more so, the people who are behind its commercialization. Congratulations to all.”
Announcement of the Top 5
Riverwood Acoustics – As Seen on Rogers TV
2018 Winner – Riverwood Acoustics
The Top 5 Pitches
Click on company name to open