Business Development Bank of Canada

Hyperlume Inc., based in Ottawa, Canada, specializes in developing advanced optical connectivity solutions. The company focuses on high-performance computing, artificial intelligence, and high-end processors, aiming to enhance data transfer speeds and enable scalable optical interconnects for edge computing platforms.

Quadshift acquires and builds B2B software companies in niche vertical markets across North America, leveraging in-house finance, sales, marketing, creative, engineering, and management capabilities to create new opportunities and customer value, and aims to transform commerce across multiple industries through vertical market SaaS solutions.

KOHO Financial Inc. is a financial technology company founded in 2014 and headquartered in Toronto, Canada. The company offers a digital banking platform that provides low-cost banking services through a prepaid, reloadable Visa-backed debit card and a user-friendly mobile application. This platform enables customers to conduct day-to-day banking operations and includes features such as financial goal setting, cash flow projections, group spending management, and detailed spending insights. By equipping users with these tools, KOHO aims to simplify money management and enhance the overall banking experience for its customers.

Philer AI has been approved by the Law Society of Ontario as part of the Access to Innovation program, becoming the second technology platform in Ontario given the green light to deliver legal services to the end consumers.

Founded in 2006, Vive Crop Protection develops and markets sustainable crop protection products, including fungicides, insecticides, and nematicides. The company's Allosperse Delivery System enhances the targeting and performance of these products, enabling farmers to increase crop yields while using fewer resources.

KOHO Financial Inc. is a financial technology company founded in 2014 and headquartered in Toronto, Canada. The company offers a digital banking platform that provides low-cost banking services through a prepaid, reloadable Visa-backed debit card and a user-friendly mobile application. This platform enables customers to conduct day-to-day banking operations and includes features such as financial goal setting, cash flow projections, group spending management, and detailed spending insights. By equipping users with these tools, KOHO aims to simplify money management and enhance the overall banking experience for its customers.

Nicoya Lifesciences Inc. is a Canadian company based in Kitchener that specializes in developing advanced sensor products for the biotechnology and pharmaceutical industries. Founded in 2012, Nicoya creates instruments designed to analyze biomolecular interactions, including proteins, antibodies, DNA, RNA, and small molecules. Their product lineup includes surface plasmon resonance (SPR) instruments, spectrophotometers, sensor chips, reagents, and accessories, as well as the OpenSPR, a personal label-free biomolecular analysis instrument. In addition to hardware, Nicoya offers software solutions for real-time kinetic analysis, instrument control, and optical peak tracking, enhancing the capabilities of their analytical tools.

Hydrostor develops compressed air energy storage solutions for electricity systems. Its emission-free technology addresses needs for dispatchable capacity, renewable integration, transmission deferral, and behind-the-meter applications. The company serves customers in North America and Australia, with a strategic partnership with AECOM.

Novamera specializes in sustainable mining, utilizing advanced subsurface imaging and directional drilling technology to extract gold, copper, and other ores from steeply dipping, narrow vein deposits deemed uneconomic via conventional methods. Based in Mississauga with an additional office in Baie Verte, Canada.

Tulip Retail, Inc. is a cloud-based mobile platform designed specifically for retail store associates, founded in 2013 and headquartered in Toronto, Canada, with additional offices in Kitchener, London, Caerano di San Marco, and New York. The platform offers a suite of tools that empower store associates by providing real-time access to product and inventory information, customer profiles, and a variety of features for assisted selling and clienteling. Key components include a mobile associate app, checkout capabilities for omnichannel orders, and modules for streamlined store communications and look building based on customer preferences. By integrating mobile technology into the retail environment, Tulip aims to enhance the in-store shopping experience, boost sales, and improve customer service for leading retailers.

ApplyBoard is a technology company that simplifies the study abroad search, application, and acceptance process by connecting international students, recruitment partners, and educational institutions on a single platform, streamlining the journey from discovery to enrollment. The company operates globally, with headquarters in Kitchener, Ontario, and a dedicated office in Gurugram, India, reflecting its international reach.

The GIST is a media company based in Toronto, Ontario, that focuses on providing sports content, experiences, and community specifically for women. Founded in 2017, The GIST curates and contextualizes sports news to empower and engage underserved sports fans who often feel excluded from mainstream conversations. The company offers a variety of platforms, including e-newsletters, social media content, a dedicated website, and GIST Viewing Parties, fostering a sense of community among its audience. By addressing the lack of diversity in the sports industry, The GIST aims to create a more inclusive environment where all fans can connect and engage with sports culture.

Founded in 2014, Neurescence Inc. specializes in developing innovative assessment tools for brain diseases. The company offers GRIN lenses for neural imaging and Quartet, a miniature fluorescence microscope optimized for neuronal calcium imaging.

Founded in 2015, Peak Power is a cleantech company specializing in intelligent energy management solutions. Headquartered in Toronto with operations across North America, the company offers Peak Synergy, an AI-powered software platform that optimizes energy use and maximizes revenues from battery storage systems, grid-interactive buildings, and electric vehicles for commercial real estate and industrial customers.

Borrowell is a Toronto-based fintech that provides personal loans, unsecured consumer credit and an online lending marketplace. It offers free credit scores, credit education, and weekly monitoring, along with tools such as personalized credit coaching and AI-powered product recommendations to help customers access low-interest loans, manage debt, and improve financial well-being.

Tealbook develops a cloud-based platform that connects buyers and suppliers in procurement. Founded in 2014, it centralizes supplier information, facilitates collaboration, and integrates with various ERP systems. Recognized as a Gartner Cool Vendor.

Tulip Retail, Inc. is a cloud-based mobile platform designed specifically for retail store associates, founded in 2013 and headquartered in Toronto, Canada, with additional offices in Kitchener, London, Caerano di San Marco, and New York. The platform offers a suite of tools that empower store associates by providing real-time access to product and inventory information, customer profiles, and a variety of features for assisted selling and clienteling. Key components include a mobile associate app, checkout capabilities for omnichannel orders, and modules for streamlined store communications and look building based on customer preferences. By integrating mobile technology into the retail environment, Tulip aims to enhance the in-store shopping experience, boost sales, and improve customer service for leading retailers.

Founded in 2018, Aya Payments is based in Toronto, Canada. It specializes in developing payment tools and programs tailored for employee benefits packages.

BinSentry is an agricultural technology company that provides an IoT-based platform and solar-powered sensors to monitor on-farm feed inventory for feed mills and livestock producers in Canada. The system enables real-time inventory visibility and automates logistics tasks by integrating predictive analytics with IoT and AI, supporting inventory management, scheduling of trucking routes, and reductions in supply disruptions. Founded in 2017 and based in Kitchener, Ontario, BinSentry focuses on livestock and grain operations, helping customers improve efficiency and profitability through streamlined inventory and workflow monitoring.

Sol Cuisine Inc. is a Canadian company founded in 1980 and headquartered in Mississauga, specializing in the manufacture of vegetarian and vegan meat alternatives. The company offers a diverse range of products, including frozen and fresh options that are halal, gluten-free, and organic. Its product lineup features items such as fattoush salad, various aioli dips, vegan maki, ultimate vegan poutine, and savory morning swirls. Sol Cuisine aims to provide high-quality, animal-friendly nutritional alternatives that are both delicious and health-conscious, utilizing local and environmentally sustainable ingredients in its production processes.

Founded in 2016, Symend is a global leader in digital debt recovery solutions. It empowers enterprises across financial services, telecommunications, and utilities sectors to optimize collection effectiveness through personalized engagements driven by applied behavioral science and AI.

ApplyBoard is a technology company that simplifies the study abroad search, application, and acceptance process by connecting international students, recruitment partners, and educational institutions on a single platform, streamlining the journey from discovery to enrollment. The company operates globally, with headquarters in Kitchener, Ontario, and a dedicated office in Gurugram, India, reflecting its international reach.

Tealbook develops a cloud-based platform that connects buyers and suppliers in procurement. Founded in 2014, it centralizes supplier information, facilitates collaboration, and integrates with various ERP systems. Recognized as a Gartner Cool Vendor.

Founded in 2013, WeCook Meals (formerly Nutrition Fit Plus) is a leader in home meal delivery, offering a wide range of tasty, balanced and personalized healthy meals made with fresh produce and meat, and healthy snacks. Subscribers can order from a diversified weekly menu. The Dorval-based company has over 450 employees serving Québec and Ontario.

International Test Pilots School Ltd. (ITPS) specializes in providing comprehensive training courses for test pilots and flight test engineers. Established in 1986 and based in London, Canada, ITPS has built a solid reputation for delivering cost-effective flight test training to both military and civilian sectors globally. The school's curriculum is informed by extensive experience in flight testing various aircraft, including airplanes and helicopters, for manufacturers worldwide. With a team of highly qualified instructors, ITPS ensures that its training programs are current, effective, and affordable. The institution's innovative and responsive training methods incorporate a diverse range of technologies and operational concepts, enriching the educational experience and preparing students for the complexities of the flight testing profession.

Relogix Inc. is a Canadian company based in Ottawa that specializes in developing sensor-based devices for monitoring and tracking unused office spaces. Founded in 2010, it offers a comprehensive system called UtiLive, which incorporates advanced space tracking sensors and an analytics engine powered by machine learning for data analysis. The company employs a sensor-as-a-service pricing model, providing clients with initial floor planning, sensor deployment, and ongoing monitoring through a cloud-based application. Relogix serves large enterprises and commercial real estate portfolios, delivering insights that enable corporate real estate professionals to make informed, data-driven decisions to optimize their real estate strategies. The company's innovative approach leverages its extensive experience in corporate real estate and analytics to enhance the workplace experience and improve the efficiency of global real estate portfolios.

Element AI is an artificial intelligence company that develops and delivers AI solutions for organizations to identify opportunities to deploy AI and machine learning. It operates an AI as a Service platform that enables businesses to launch and scale AI initiatives in partnership with large corporations. The company maintains an in-house research and development laboratory to advance AI technologies and their deployment in computing infrastructure. Element AI serves industries including insurance, banking and capital markets, manufacturing, logistics, retail, and consumer packaged goods. Founded in 2016 and headquartered in Montreal with an additional office in Toronto, it combines software products, services, and tools that help clients operationalize AI, augment decision-making, and improve business performance. Element AI also maintains collaborations with academia and engages in policy discussions related to technology's societal impact, while acting as an integrator to help organizations adopt and implement AI solutions.

Nudge Rewards is a Toronto-based company that offers a team performance management platform designed for retailers, foodservice, and hospitality sectors. The platform includes a mobile solution that facilitates employee engagement, knowledge assessment, and performance monitoring for frontline workers, enabling brands to effectively motivate and reward their teams. Nudge's clientele features notable global brands such as Mercedes Benz, Rogers Communications, and Samsung, among others. The company, which was established in 2011 and rebranded from Greengage Mobile in 2014, has formed strategic partnerships with organizations like ReThink and BrandXP Ltd to enhance its offerings. Through its innovative app and content management system, Nudge Rewards aims to measurably improve frontline team performance and drive overall company success.

Nicoya Lifesciences Inc. is a Canadian company based in Kitchener that specializes in developing advanced sensor products for the biotechnology and pharmaceutical industries. Founded in 2012, Nicoya creates instruments designed to analyze biomolecular interactions, including proteins, antibodies, DNA, RNA, and small molecules. Their product lineup includes surface plasmon resonance (SPR) instruments, spectrophotometers, sensor chips, reagents, and accessories, as well as the OpenSPR, a personal label-free biomolecular analysis instrument. In addition to hardware, Nicoya offers software solutions for real-time kinetic analysis, instrument control, and optical peak tracking, enhancing the capabilities of their analytical tools.

Lynx Equity Limited is a private equity firm founded in November 2007 and headquartered in Toronto, Canada, with additional offices in San Diego, California, and Calgary, Canada. The firm specializes in management buyouts, recapitalizations, and growth capital investments in small to medium-sized enterprises, primarily targeting companies in North America, particularly in Ontario and Western Canada. Lynx Equity focuses on sectors such as manufacturing, business services, financial services, industrial products, food, clean energy, and consumer products. The firm typically invests between CAD $200,000 and CAD $8 million per transaction in companies with enterprise values ranging from CAD $1 million to CAD $10 million and revenues not exceeding CAD $25 million. Lynx Equity usually seeks to acquire a 100% stake in its portfolio companies, holding investments for three to five years, and structures its investments as a combination of debt and equity. The firm emphasizes transactions involving retiring entrepreneurs looking to transition their businesses.

ClaroNav is a medical device company based in Toronto, Canada, with additional offices in Europe and East Asia. Founded in 2001, ClaroNav specializes in developing software solutions for medical image processing and surgical navigation. Their flagship product, MicronTracker, detects and tracks the location and orientation of specially marked objects. The company also offers applications like Navident for dental implantation, Navient for general surgeries, NaviX as a surgical navigation platform, and ClaroBot for robotic tool guidance. Additionally, ClaroNav provides services in algorithmic development for image acquisition and calibration, serving diagnostic imaging companies, medical device manufacturers, and medical centers.

North America’s leading composable commerce consultancy and systems integrator, we work with best-in-class technology partners to set strong composable commerce foundations today that can support how brands serve their customers across channels in the future. Orium was founded in 2009 and is headquartered in Toronto, Ontario.

Groupe JLD Laguë is a distributor of farm machinery and heavy equipment based in Quebec and Ontario. The company specializes in providing a wide range of equipment for agricultural, landscaping, snow removal, and commercial maintenance activities. Its product offerings include tractors, mowers, forage harvesters, combine harvesters, balers, snowblowers, mini-excavators, skid steer loaders, and utility vehicles. In addition to equipment distribution, Groupe JLD Laguë also offers financing services, assisting clients in meeting their heavy truck and related equipment needs. The company distinguishes itself from competitors by focusing on innovative technological advancements to enhance its product lineup and services.

TouchBistro, Inc. is a company that specializes in developing iPad-based point-of-sale (POS) solutions tailored for the food and beverage industry, including restaurants, cafes, bars, and food trucks. Founded in 2010 and headquartered in New York, with an additional office in Toronto, TouchBistro provides various POS systems, such as Restaurant POS, Food Truck POS, and Bar POS, which streamline order management and payment processing. Its innovative system allows servers to take orders directly at the table, reducing the need for multiple trips to a terminal and minimizing errors. Additionally, TouchBistro offers features like TouchBistro Reservations for guest management, cloud-based reporting and analytics, and customer-facing displays, enhancing both operational efficiency and customer experience. The company's products are available through the Apple App Store in the United States and internationally.

ecobee, Inc. is a Toronto-based company founded in 2007 that specializes in manufacturing Wi-Fi enabled smart thermostats and light automation equipment for both residential and commercial applications. The company’s product lineup includes the SmartThermostat with voice control, ecobee3 lite, SmartSensor, and ecobee Switch+, all designed to enhance energy conservation and provide customizable temperature settings. These devices allow users to manage their home or office environments remotely via a mobile application compatible with various platforms, including iOS, Android, and BlackBerry. Ecobee's offerings aim to empower consumers to monitor and reduce their energy consumption while maintaining comfort in their spaces. The company sells its products primarily through online channels.

Founded in 2005, Assent Compliance specializes in providing software solutions for supply chain sustainability management. Its platform enables complex manufacturers to manage product compliance, trade compliance, and ESG (Environmental, Social, Governance) factors within their supply chains. The company's offerings include Global Product Regulatory Software, Environmental Compliance Software, Custom Compliance Survey Software, Inspection Software, and Platform Configuration and Implementation services.

Element AI is an artificial intelligence company that develops and delivers AI solutions for organizations to identify opportunities to deploy AI and machine learning. It operates an AI as a Service platform that enables businesses to launch and scale AI initiatives in partnership with large corporations. The company maintains an in-house research and development laboratory to advance AI technologies and their deployment in computing infrastructure. Element AI serves industries including insurance, banking and capital markets, manufacturing, logistics, retail, and consumer packaged goods. Founded in 2016 and headquartered in Montreal with an additional office in Toronto, it combines software products, services, and tools that help clients operationalize AI, augment decision-making, and improve business performance. Element AI also maintains collaborations with academia and engages in policy discussions related to technology's societal impact, while acting as an integrator to help organizations adopt and implement AI solutions.

WebsiteBox is a Toronto-based technology firm that offers real estate website solutions for agents, teams, and offices. It provides affordable, comprehensive tools to manage online presence, including MLS/IDX listings integration with hundreds of boards across the United States and Canada, a feature-rich CRM, lead generation tools, and social-media and industry tools. The platform supports mobile-friendly, custom websites and hosting, enabling real-estate professionals to manage listings and generate business. The service is offered for a one-time fee of $99.

Klipfolio offers a cloud-based business intelligence dashboard solution that enables users to connect to data sources, create visualizations, and monitor key metrics in real-time. Serving various sectors globally, Klipfolio empowers organizations to make informed decisions by providing flexible and cost-effective analytics tools.

Founded in 2014, Mosaic Manufacturing specializes in developing hardware and software solutions for multi-material 3D printing. Its patented technology enables industries to create high-quality products on-demand, reducing reliance on traditional manufacturing methods.

Strongpoint is a Toronto-based company that offers an automated documentation and compliance platform designed to enhance the management of business systems, specifically targeting Netsuite and Salesforce users. The company focuses on replacing manual processes with automated solutions, ensuring that changes to systems are executed in a predictable and safe manner. By streamlining these operations, Strongpoint enables organizations to navigate system changes with confidence, ultimately supporting their growth and operational efficiency.

Founded in 2005, Assent Compliance specializes in providing software solutions for supply chain sustainability management. Its platform enables complex manufacturers to manage product compliance, trade compliance, and ESG (Environmental, Social, Governance) factors within their supply chains. The company's offerings include Global Product Regulatory Software, Environmental Compliance Software, Custom Compliance Survey Software, Inspection Software, and Platform Configuration and Implementation services.

Aterlo Networks Inc. is a Canadian company that specializes in developing networking solutions for internet and streaming media users. Founded in 2014 and headquartered in Kitchener, Ontario, the company provides a managed service called NightShift, which shifts streaming media consumption from peak to off-peak hours to alleviate network congestion. Aterlo Networks serves a diverse clientele that includes internet service providers (ISPs), content providers, and industries such as maritime, energy, mining, and work camps. The company's innovative approach extends content delivery networks into household networks, enhancing the efficiency of media streaming and improving user experience.

SensorSuite Inc. provides real-time building intelligence solutions using wireless sensors for property managers across multi-residential, commercial, industrial, and consumer markets. Its offerings include mobile applications like BoilerLink and FridgeLink for monitoring and predictive maintenance, along with sensors that capture, process, analyze, and deliver real-time data to users via web or smartphone.

Prodomax Automation Ltd. specializes in designing, manufacturing, and constructing automated manufacturing solutions tailored for assembly, welding, machining, material handling, and laser cutting applications. Founded in 1971 and based in Barrie, Canada, the company provides a diverse range of systems, including resistance and arc welding systems, assembly systems, hot stamping systems, and laser systems, catering to various industries such as automotive, electronics, and consumer products. Prodomax Automation focuses on meeting the stringent requirements of the automotive sector, offering services and products that encompass process engineering, system layout, simulation, hardware controls, software design, robotic handling systems, and transfer devices. As of 2018, Prodomax operates as a subsidiary of Jenoptik AG.

Privacy Analytics Inc. is a Canadian company specializing in data anonymization software solutions targeted primarily at healthcare organizations, insurance and medical claims providers, and medical device manufacturers. Founded in 2007 and based in Ottawa, the firm focuses on safeguarding sensitive data while enabling its use for secondary purposes such as research, public health, and marketing. Privacy Analytics offers a range of products, including PARAT, an integrated software for de-identifying both structured and unstructured personal data, and a text anonymization solution. Additionally, the company provides an online risk assessment tool designed to assist privacy officers in managing data sharing agreements and evaluating re-identification risks. Through these offerings, Privacy Analytics helps organizations comply with privacy regulations and effectively manage the risks associated with disclosing health data. As of May 2016, Privacy Analytics operates as a subsidiary of IQVIA Holdings Inc.

Think Dirty Inc. is a Toronto-based company that has developed a mobile application aimed at educating consumers about the ingredients in cosmetics and personal care products. By allowing users to scan barcodes or search for products, the app provides information on potentially toxic ingredients and generates a score based on data drawn from various authoritative sources, including government lists, peer-reviewed journals, and health organization reports. This service simplifies the process of understanding product labels, enabling customers to make informed decisions regarding their health and environmental impact when shopping for beauty and household items.

Solantro Semiconductor Corp. is a Canadian semiconductor company established in 2009, specializing in the design and manufacture of integrated circuits for grid applications, particularly within the renewable energy sector. The company develops a range of products, including analog power managers, DC-DC power optimizers, and micro-inverter controllers, which are essential for converting solar energy into usable power. Their chipsets enhance solar panels, enabling them to function as integrated power generators. Solantro's technology supports various applications, including intelligent photovoltaic module safety disconnects and battery chargers, while also offering software development tools for system integration. The company serves clients in power electronics, smart grid, and renewable energy industries, providing semiconductor-based architectures that facilitate the measurement, processing, and management of power from distributed energy resources.

Interface Biologics develops biomedical polymer technology to enhance the safety and efficacy of medical devices. Its patented technologies include anti-thrombogenic additives for blood-contacting devices and combination drug delivery systems. The company has licensing agreements with AngioDynamics and Fresenius Medical Care, and a joint venture with Qualimed. Headquartered in Toronto, Canada, Interface Biologics was founded in 2001.

Covarity, Inc. is a provider of online post-origination commercial loan monitoring and analysis solutions specifically tailored for financial institutions, including banks and credit unions in Canada. Founded in 1999 and based in Kitchener, Canada, Covarity enables lenders to automate the collection and analysis of borrower financial data, thereby enhancing credit risk management on a loan-by-loan basis. Its comprehensive web-based software solution includes features such as borrower tracking, financial document parsing, portfolio reporting, and fraud indicators. By offering actionable insights and control, Covarity helps financial institutions improve portfolio health, reduce operational costs, and enhance client service. The company's modular approach allows lenders to select functionalities that best fit their portfolio needs, ultimately fostering a proactive management style that addresses potential concerns before they escalate. Covarity serves a diverse clientele, including notable financial institutions such as RBC Financial and BMO Financial.

Liquid Computing Corp. develops converged communications and computing platforms. It designs and develops LiquidIQ, a computing infrastructure that offers IT infrastructure and data centers management, and software-based control of servers, as well as storage and networking resources. The company was founded in 2003 and is based in Ottawa, Canada with an additional office in Stamford, Connecticut.

Cyrium Technologies Inc. is a Canadian company that specializes in the development and manufacturing of concentrator photovoltaic (CPV) cells tailored for terrestrial solar energy markets and CPV system manufacturers. Established in 2002 and headquartered in Ottawa, with an additional office in Tsuen Wan, Hong Kong, the company offers a range of products, including quantum dot enhanced cells and application-specific concentrator cells (ASCC). Furthermore, Cyrium Technologies provides performance optimization and customization services for its cells through the ASCC program, ensuring that clients receive tailored solutions to meet their specific energy needs.

Critical Telecom is a company based in Ottawa, Canada, that specializes in developing broadband enabling platforms for IP-based access networks. Founded in 1987, it focuses on providing solutions that enhance network access for users. One of its key offerings is GEmini, an Ethernet remote DSLAM designed to deliver non-blocking bandwidth, facilitating applications such as triple play and IPTV. Through its innovative services, Critical Telecom aims to improve the efficiency and reliability of broadband services, enabling seamless streaming and access to various network applications.

IceFyre Semiconductor designs and develops a range of Wi-Fi chips. Its products include SureFyre 802.11a and TwinFyre 802.11a/b/g system solutions. The company offers orthogonal frequency division multiplexing (OFDM) product that reduces power requirements with the use of the digital computational engines in the data transmission chain. IceFyre was founded by Cedric Paillard and is based in Kanata, Ontario.