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— THE STORY OF _ 

IEORT TE”

IN 2014 WE BOUGHT OUR OWN BUILDING.  If-I

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I9

THE STORY OF FORTTECTORIA IN 20'| l« BOUGHT...
FORT TECTORIA:  THE ORIGIN STORY

V| ATeC's current Acceierator Program launched in 201 2 and took off like . 
gangbusters...
2012-2015

VIATEC ACCELERATOR PROGRAM

ACCELERATOR PROGRAM
PARTICIPANT AND ALUMNI
TECHNOLOGY STARTUPS
HAVE GENERATED: 

TH...
2014  
MIR. ’-‘. CLE ow FORT STREET  Q

BY THE END OF 2013 THE VIATEC ACCELERATOR ;  The VIATEC Board . 
PROGRAM WAS SO SU...
TOTAL INVESTMENT IN FORT TECTORIA: 

$2.675 MILLION
TOTAL INVESTMENT S M I 

BUILDING PURCHASE
MORTGAGE + DOWNPAYMENT

,  ...
OI'IIIii. '.IIi'3'. IE'1 F0 RT TECTORIA:  »o<2‘c““‘I ’
ANNUAL OPERATING COSTS ? ~$)> 3

FORT TECTORIA IS 16,000 SQ.  FT,  ...
BUYING VS.  LEASING

BUYING FORT TECTORIA IS CHEAPER THAN LEASING! 

By buying Fort Tectoria we are saving our members $18...
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The Story of Fort Tectoria

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In 2014 we bought our own building. Why?

VIATeC's current Accelerator Program launched in 2012 and took off like gangbusters. The Accelerator Program provides a structured approach to guiding, coaching and growing ambitious early-stage technology entrepreneurs and their companies.

Everything started 15 years ago...

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The Story of Fort Tectoria

  1. 1. — THE STORY OF _ IEORT TE” IN 2014 WE BOUGHT OUR OWN BUILDING. If-I I I9 THE STORY OF FORTTECTORIA IN 20'| l« BOUGHT OUR D N BUILDING HERE S HY 1': ft _ ‘ ’ I I II I I I ‘I / / ’
  2. 2. FORT TECTORIA: THE ORIGIN STORY V| ATeC's current Acceierator Program launched in 201 2 and took off like . gangbusters. The Accelerator Program provides a structured approach to guiding, coaching and growing ambitious early-stage technology entrepreneurs and their companies. Everything started 15 years ago. .. 2000-2004 CANADIAN COMMUNITY INVESTMENT PLAN (CCIP) 2013 THE HUNT FOR A NEW HOME BEGINS 2011 LAU NCH PAD 2007-2010 LINX PROGRAM > 2012- STILL GOING STRONG ACCELERATOR PROGRAM 2004-2007 2010 CAPITAL INX GROW-OP PROGRAM THE STORY OF FORT TECTORIA I IN 20114 WE BDUG HT OUR OWN BUILDING. HERE‘S WHY.
  3. 3. 2012-2015 VIATEC ACCELERATOR PROGRAM ACCELERATOR PROGRAM PARTICIPANT AND ALUMNI TECHNOLOGY STARTUPS HAVE GENERATED: THE ACCELERATOR PROGRAM BY THE NUMBERS 20 Ill| ||| ||| ||| ||l| I|| l|| ||| |I| |l| I|l| ||| | APPLICANTS IIIIIIIIIIIIIIIII| ||| ||l| I INVITED FOR INTERVIEW 75 I| |I| ||| ||| |I| | COMPANIES ACCEPTED 35 IIIIIII FLAMEOUTS _ ----------------- - - o I I I I I 1 8 COMPANIES cunnzunv ENROLLED : ACCELERATOR PRO M . MNI COMPANIE 6 | "5 "R°"° APPLICANTS on wmmsr 105 NEW JOBS 166 TOTAL JOBS CREATE MAINTAI INVESTMENT: APPROACHING SZOMILLION BY JANUARY 201 S THE STORY OF FORT TECTORIA I IN 2011» WE BOUGHT OUR OWN BUILDING. HERE'S WHY
  4. 4. 2014 MIR. ’-‘. CLE ow FORT STREET Q BY THE END OF 2013 THE VIATEC ACCELERATOR ; The VIATEC Board . PROGRAM WAS SO SUCCESSFUL WE KNEW WE . . .3 quickly supported the ‘. . . A . . . . . . . . . . . . . . . NEEDED TO FINDANEW BUILDING TO ‘ I idea and formedadue ‘ diligence committee. _ I Their speed was critical ' ' ' ' ’ ' ’ ' ' ’ ' ' ' ' ' ' ' ‘ to opening the building 3 7 ' ' ' ' ' ' ' ' ' " injust over 5 months. , CONTINUE TO OFFER IT I Vg, ANuARv: I LLLLLL L. . . C. “ . ‘‘'. ‘“. ‘.‘.55.* MARcH3i: r*"S*E*. *,*T*E*Mg, gRg; .**‘I Owen Matthews + Fraser McColl p°55E55ION I I ‘ ' ' I + Dan Robbins tip us off to ' 1 GRAND OPENING 777 Fort street Just three months after. 7. — Owen's tip we took possession . , , , , A _ , _ _ A A , , , g g I 5 months and 9 days later — , ,y 757 Mb Jwcfln of? ?? Fort Street. I APRIL 1 ; I the Miracle on Fort Street (TIL H ’ ’ ’ ’ ' _ . . , RENOVATION {7;¢1_: ,4. . . . . . . . . . . . . . . . . J - owEN MATTHEWS Led by Dan Robbins (Sakura Developments) 8 Permits I 1 Rezoning 1 Full Interior Demolition 1 Full Reno THE STORY OF FORT TECTORIA I IN 2011» WE BOUGHT OUR OWN BUILDING. HERE'S WHY
  5. 5. TOTAL INVESTMENT IN FORT TECTORIA: $2.675 MILLION TOTAL INVESTMENT S M I BUILDING PURCHASE MORTGAGE + DOWNPAYMENT , . . . . . . . . ; . . . . . . . .. SBOOK , _ ———— ~ FURNITURE/ AV/ SIGNAGE/ IT ; 0 Ea $1.1 MILLION I 5% ‘ MORTGAGE g DEMOLITION 5 R§N§ZI‘I? OIN ‘E’_§_’_I‘: _)', '(-: 'I)I'$‘_E_’_‘T ____________ _. §§ AS OF DECEMBER 2011. . 5 GENERATED av SAVING up THE 5 ‘~ - - 1- ; REVENUE CREATED BY OUR JOB : : - BOARD OVER A12 YEAR PERIOD - BUYING WAS ‘- . ... ... ... ... ... ... ... .. CHEAPER THAN LEASING! By buying Fort Tectoria we are saving our members _ $186,000 each year while building equity. IT TURNED OUT THE STORY OF FORT TECTORIA I IN 20114 WE BOUGHT OUR OWN BUILDING. HERE'S WHY.
  6. 6. OI'IIIii. '.IIi'3'. IE'1 F0 RT TECTORIA: »o<2‘c““‘I ’ ANNUAL OPERATING COSTS ? ~$)> 3 FORT TECTORIA IS 16,000 SQ. FT, ABOUT THE . 7 ‘. ~‘ Qt‘ SAME AMOUNT OF SPACE V| ATeC LEASED AT THE . .5919 SCOTT BUILDING. , 5%‘ ‘ . ., :‘. ‘;. f‘ ‘TOTAL OPERATING COSTS INCLUDE ‘ . ,»>‘ I MORTGAGE PAYMENTS, TAXES, INSURANCE, ' ALL UTILITIES AND MAINTENANCE COSTS THE STORY OF FORT TECTORIA I IN 20114 WE BOUGHT OUR OWN BUILDING. HERE'S WHY
  7. 7. BUYING VS. LEASING BUYING FORT TECTORIA IS CHEAPER THAN LEASING! By buying Fort Tectoria we are saving our members $186,000 each year while building equity. Were also helping make the tech sectors presence known in Greater Victoria with a streetslevel presence in the heart of Victoria. / LEASE @ s32oi< f 15,000 sq. n'. @ 520 / sq. Fl’ . $8.38 j with market rates at $20/ square foot (at least), this is " “s"" an amazing deal. _ ‘ lnjust over 5 months in 2014 we secured space for ’ ' ’ ’ ’ ' ’ ' ' C‘ . Accelerator participants and the tech community itself . ' while saving our members money forjust $8.38 / sq. ft. THE STORY OF FORTTECTORIA I IN 201/a WE BOUGHT OUR OWN BUILDING HERE'S WHY

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