“Kranked Bikes, based in Gibsons, BC has been an Innovation Island client since 2016. They are redefining the freedom and downhill experience of high-end mountain biking with their proprietary, patent-pending electric motor kits. Their market-leading product is a removable, plug-and-ride, power-train and battery kit that quickly converts any high-end mountain bike (MTB) into a powerful, uphill devouring machine; and it is as revolutionary as the introduction of high-speed chairlifts was for the downhill skiing industry, with the freedom to go literally anywhere in the back-country, and without the limitations of where the chairlifts are.
This summer, Kranked entered the New Ventures BC Business Competition (NVBC Competition). The NVBC Competition is a province-wide showcase of the best and brightest in technology-driven ventures in BC, and the winners this year will share in roughly $250,000 in prizes. For the 2019 Competition, 196 ventures (the most ever) were accepted into the staged rounds of the Competition, which unfolds over 6 months and culminates this year with its awards ceremony on September 19th. Kranked was recognized early-on in Round 2 as a serious contender and, with the assistance of its Innovation Island mentors, has now progressed into the Finals (Round 4). Through the Competition, ventures get market and investor exposure, networking opportunities, and valuable mentoring, which for Kranked will translate into a well-prepared transition into its planned market launch and growth in 2020.
Innovation Island salutes the many achievements of Kranked Bikes to date, and its well-deserved recognition in the NVBC Competition. We join with many others in the Innovation Island family in wishing them every success in the final Round 4 pitching stage of the Competition, and with what comes next in building their business.
VOTE DAILY for Kranked Bikes for the People’s Choice Awards – https://www.newventuresbc.com/pca/