TimeZyx clinches top prize in 2024 New Ventures BC competition

TimeZyx, a cleantech startup that provides real-time digital twin technology to help cities and infrastructure adapt to extreme climate events, has beaten out 216 competitors to win this year’s New Ventures BC competition. The first-place prize, which brings with it bragging rights as the province’s top startup, has netted the company $110,000.

TimeZyx’s digital twin technology builds a virtual replica of buildings and infrastructure that is continuously updated with real-world data. This innovative approach helps insurers evaluate risks associated with extreme events like floods and earthquakes, while also aiding infrastructure owners in reducing the risk of structural failure. The company’s Digital Twin Lab merges health data with real-time calculations, providing risk assessments that can increase the lifespan and resilience of assets.