Hao Sheng, Sandra Vasquez, Kyle BimmJudge Sandra Vasquez of RBC is flanked by Liscena teammates Hao Sheng and Kyle Bimm following their win in the EPIC Business Model Canvas Competition.

Smart parking solution claims top prize in student startup competition

A company that uses license plate recognition and artificial intelligence to automate paying for parking beat out 17 other student startups from across Ontario to claim the $10,000 grand prize in last week’s RBC EPIC Business Model Canvas Competition.

The competition, hosted by the Entrepreneurship Practice and Innovation Centre (EPICentre) on November 17 and 18, invites student entrepreneurs to learn about business models and demonstrate their understanding through a pitch presentation of their own entrepreneurial experiences that exhibit these concepts.

The grand prize winner, Liscena, was formed by two students at the University of Toronto. In addition to their cash prize, they receive six months of dedicated desk space at EPICentre in the Joyce Entrepreneurship Centre, consulting services from KPMG, and a berth in the national Canada Business Model Competition in Halifax.

Read more, including a list of all competing teams, on the EPICentre website.