British Columbia Innovation Council

Congratulations to RewardLoop for progressing to the 3^rd round of this year's BCIC-New Ventures Competition.

Vancouver's RewardLoop is a universal consumer loyalty network for the mobile age. Its patent-pending customer loyalty technology, which prints secure, transaction-identifying rewards program barcodes (QR codes) on bills and receipts, can measurably increase revenue 5% or more for independent and chain merchants.  Consumers simply scan a QR code with their mobile phones and use the company's mobile applications to collect and redeem reward stamps in real time, thereby eliminating the need to carry physical cards.  The company's flagship universal Point of Sale (POS) adaptor, RewardLoop Connect, enables merchants of any size to easily deploy a secure, ‘plug & play' mobile loyalty program in minutes via their existing POS system.  The device is designed to support the same functionality via Near Field Communications (NFC) beginning in 2012.

The top ten companies advancing to the fourth and final round of the competition will be announced August 31, 2011. The finalists, each vying for a piece of the $375,000 in prize packages, will be awarded September 22, 2011 in Vancouver.

Learn more about the BCIC-New Ventures Competition and the 2^nd annual regional competition launching this fall at www.newventuresbc.com or on Twitter.  The five-month, three-round BCIC-New Ventures Competition: Regional is open to any BC resident located outside metro Vancouver who has not yet secured significant financing from outside investors

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