Island Savings

Island Savings named presenting sponsor of The Open Innovation Challenge

March 9, 2018

Victoria, B.C- The Open Innovation Challenge will see ten finalists compete for three $15,000 cash reward prizes. The ten finalists were selected by an adjudication panel from 69 submissions from South Island citizens.

Their projects aim to create ‘smart’ solutions for economic growth challenges and opportunities. These ideas can make the South Island a smarter, more liveable and sustainable place and are part of Smart South Island – a region-wide collaboration of stakeholders and local governments.

The Challenge is an initiative of the South Island Prosperity Project (SIPP), the Economic Development agency for the South Vancouver Island Region. SIPP is proud to announce the presenting sponsor for the March 11th Open Innovation Challenge: Island Savings, a division of First West Credit Union.

Randy Bertsch, President and CEO of Island Savings says “the Innovation Challenge aligns with our core values of succeeding together, acting local, creating good things and inspiring exceptional results. We get excited about new and exciting ways to become more involved with our community and partners.”

SIPP is leading the South Island region’s participation in the Canadian Smart Cities competition, competing for $10 million in Federal funding. These Innovation Challenge submissions represent a deep understanding of our future sustainable prosperity. They will contribute to creating innovation within the Smart South Island key priority areas of: Transportation and Mobility, Housing and Affordability, Human Health, Environmental Heath, and Economic Resilience and Inclusion.

The Open Innovation Challenge is a free public event happening from 2-5 pm, Sunday March 11 at the Bob Wright Building, Flury Hall, University of Victoria. Learn more at


About Island Savings

Island Savings is a member-owned financial co-operative, providing banking, investment and insurance services for residents and businesses throughout Vancouver Island and the Southern Gulf Islands. As a division of First West Credit Union, B.C.'s third-largest credit union with $10 billion in assets, 250,000 members, 53 branches and 38 insurance offices throughout the province, Island Savings brings innovative products, an extensive branch network and local decision making to the banking experience. For more information on Island Savings, visit

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