Tech Forum Picks Investor of the Year

The 34th Angel Forum was held October 22 with awards going to nearly twenty local companies

Vancouver’s forum for private equity investors names Greg Peet angel of the year, and reveals its picks for B.C.’s best startups 

The man who grew local medical imaging startup A.L.I. Technologies from a small, 14-employee startup in 1993 into a company with revenues in excess of US $100-million a year, was named Angel Investor of the Year at the 34^th Angel Forum last week.
 
A former EY Pacific region Entrepreneur of the Year, Greg Peet sold A.L.I. Technologies to global pharmaceutical giant McKesson Corporation for a whopping $530-million in 2004, which still stands as one of the largest valued technology purchases recorded for a B.C. company. The forum recognized Peet was for his work as an active angel investor and for his leadership in several private and public technology companies.
 
Previous investors of the year include Mike Volker and Boris Wertz.
 
The forum also handed out “investor’s choice” awards to three B.C. startups, with the majority to imaging technologies company MTT Innovation Inc.

Best pre-revenue company:
MTT Innovation (Vancouver)

Best revenue company:
Smart Pager (Victoria)

Most promising company to go public:
MTT Innovation (Vancouver)

Best company likely to be acquired:
MTT Innovation (Vancouver)

Founded in 1997, the Angel Capital Forum is a Vancouver-based organization that connects angel, or private equity individual, investors, with Canadian startups. Sponsored by Fasken Martineau, PricewaterhoouseCoopers and TSX Venture Exchange, the organization has helped raise around $35-million for young companies from its participating members.