Creative Destruction Lab (CDL) is a no-fee/no-equity organization that delivers an objectives-based mentoring program for massively scalable, pre-seed stage, science- and technology-based companies. Its nine-month program allows founders to learn from experienced entrepreneurs, increasing their likelihood of success. Founded in 2012 by Professor Ajay Agrawal at the University of Toronto’s Rotman School of Management, the program has expanded to thirteen sites across seven countries: Seattle, Oxford, Paris, Atlanta, Estonia, Wisconsin, Vancouver, Calgary, Montreal, Berlin, Melbourne and Halifax.
Milk Moovement is a software company focused on the dairy industry, specializing in the raw milk supply chain. Founded in 2018 and based in Halifax, Nova Scotia, the company offers a cloud-based platform that connects various stakeholders in the dairy supply chain. Its milk management system serves as an Enterprise Resource Platform for tracking milk pick-ups and monitoring production, which helps identify process improvements and enhance performance. The platform includes features such as transportation monitoring, production tracking, quality assessment, and producer payment, providing users with access to essential metrics and historical data. By streamlining operations and reducing waste, Milk Moovement aims to increase efficiency and profitability across the dairy supply chain.
Lucent BioSciences
Non Equity Assistance in 2021
Lucent BioSciences is a Vancouver-based AgTech start-up driven by accelerating the transition of agriculture to sustainability. Lucent Bio has developed a novel patent-pending fertilizer for agriculture called "Soileos'' using cellulose fibre as a delivery agent. The product improves yield and soil health, and is climate positive, non-polluting, and sustainable.
FTEX
Non Equity Assistance in 2021
FTEX is a Montreal-based start-up focused on developing advanced smart connected drive systems specifically for light electric vehicles. The company designs and produces the electronics, software, and applications that manage vehicle motors, all of which are interconnected in real-time through a cellular network to FTEX’s cloud platform. This system offers users a range of functionalities via the mobile EVionics operating system, including location tracking, usage monitoring, diagnostics, remote locking, collision detection, service alerts, and theft insurance. FTEX aims to promote the adoption of personal electric vehicles by providing innovative motor controllers that improve performance, extend range, and enhance the overall user experience through the application of cutting-edge technology and standards.
Clinia
Non Equity Assistance in 2021
Clinia is a developer of an AI-powered navigation infrastructure that assists health organizations in implementing personalized health-grade search capabilities within their digital platforms. This modular system understands individual circumstances, allowing for improved classification and discovery of approved health resources. Clinia's technology is designed to enhance the way people and care teams find and access healthcare, ultimately facilitating more efficient and timely care delivery. The company serves a wide range of organizations, enabling them to maximize the impact of their data and support patients in leading healthier lives. Headquartered in Montréal, Canada, Clinia has a diverse team located across North America, South America, and Europe.
AdeptMind
Non Equity Assistance in 2021
AdeptMind Inc. is a Toronto-based company that specializes in developing a deep learning platform designed for online retailers, enhancing the way customers search for products. Founded in 2016, the company employs artificial intelligence and natural language processing to address the common issue of search results in e-commerce, enabling users to find products more effectively. AdeptMind's technology focuses on smart filtering and personalized search results, allowing customers to receive tailored recommendations based on their preferences without relying on third-party services. The platform's innovative approach to product discovery aims to transform the online shopping experience by aligning search functionalities with customer intent.
Iris Dynamics
Non Equity Assistance in 2021
Iris Dynamics Ltd. is a privately-owned Canadian technology startup with headquarters on Vancouver Island, British Columbia, Canada. Iris has invented a process for magnetic force controlled actuator motors that improves the human-machine interface. This technology has been deployed in a diverse range of markets to help clients improve their processes that previously utilized low performance, less reliable, and more expensive technologies. The company is also using this technology to develop high performance stabilization platforms in several different client-led applications. Iris sponsors advanced theoretical and applied electromagnetic research at two major Canadian universities. Applications for our technology include aircraft controls, flight simulation, remotely piloted vehicles, heavy equipment, submersibles, automotive, industrial automation, robotics, platform/sensor stabilization, and semiconductor manufacturing. Iris Dynamics is actively seeking industry partners to advance this technology.
3D BioFibR
Non Equity Assistance in 2021
3D BioFibR Inc. is a biomaterial manufacturing company based in Halifax, Canada, founded in July 2020. The company specializes in producing high-value biofibers such as spider silk, collagen, and chitosan, which have diverse applications in biomedical engineering, green textiles, defense, and aerospace. Utilizing innovative dry-spinning and wet-spinning processes, 3D BioFibR creates fibers that replicate the biomechanical and biochemical properties of natural materials. Notably, its collagen fibers, branded as CollaFibR™, are reported to be stronger than natural tendons, while its spider silk is claimed to be tougher than steel and significantly more flexible. The company aims to address critical engineering challenges by providing commercially viable products for 3D bioprinting, cell culture, and tissue engineering. Through its pioneering research and proprietary production methods, 3D BioFibR seeks to become a leader in the sustainable manufacturing of advanced biofibers.
Private AI
Non Equity Assistance in 2021
Private AI Inc., founded in 2017 and based in Toronto, Canada, specializes in developing privacy-preserving machine learning and natural language processing tools. The company focuses on enabling secure data analysis for developers by finding, redacting, and generating synthetic personally identifiable information (PII) within semi- and unstructured datasets. Private AI's technology boasts over 99.5% accuracy across more than 47 languages and 50 different entity types. Its platform operates as a Docker container within clients' existing infrastructure, ensuring that sensitive data remains on-site and is never shared externally. This approach allows organizations across various industries to analyze large datasets while maintaining user privacy and data security.
VodaSafe
Seed Round in 2020
VodaSafe Inc. is a Canadian company based in Kelowna that specializes in developing innovative water search and rescue technologies. Its primary product, AquaEye, is a handheld waterproof device designed for rescuers, utilizing sonar and artificial intelligence to detect submerged individuals in bodies of water. AquaEye not only locates people but also records essential rescue data and connects via Bluetooth to various devices. VodaSafe aims to enhance lifeguard, emergency responder, and recreational user capabilities in lifesaving and victim recovery efforts through advanced ultrasonic scanning methodologies.
Summit Nanotech
Seed Round in 2020
Summit Nanotech Corporation is a cleantech company based in Calgary, Canada, that specializes in innovative lithium extraction methods aimed at supporting the global energy transition. Founded in 2018, the company has developed a patented direct lithium extraction (DLE) technology that offers a more sustainable and environmentally friendly approach compared to traditional extraction methods. By collaborating with mining companies and lithium asset owners in Chile and Argentina, Summit Nanotech aims to conserve natural resources while optimizing lithium production operations. Its focus on providing cost-effective solutions positions Summit Nanotech as a key player in the lithium supply chain, addressing industry challenges while minimizing environmental impact.
BarrelWise
Non Equity Assistance in 2020
BarrelWise Technologies specializes in innovative solutions for the wine industry, focusing on improving production and analysis processes. Their flagship product, the FS1 System, revolutionizes routine free SO2 checks by allowing wineries to conduct these tests directly in the cellar, significantly reducing the time required from days to mere minutes while ensuring lab-level accuracy. Additionally, the technology facilitates various barrel management tasks, such as topping, sampling, sulfating, and chemical analysis, all without the need to open the barrel. This integrated approach enhances operational efficiency for wineries in regions like British Columbia, California, and Washington.
Multiverse Computing
Pre Seed Round in 2020
Multiverse Computing SL is a software development company based in San Sebastian, Spain, with an additional office in Toronto, Canada. Founded in 2019, the company specializes in creating quantum computing software that addresses complex financial and macro-economic challenges. Its products are tailored for various applications, including portfolio optimization, risk analysis, and market simulation. By leveraging probabilistic and nondeterministic technologies, Multiverse Computing aims to help organizations across diverse sectors such as banking, energy, manufacturing, and logistics navigate the complexities of the second quantum revolution, ultimately providing them with a competitive advantage in their respective industries.
Rithmik Solutions
Non Equity Assistance in 2020
Rithmik Solutions Ltd. is a Montreal-based company that specializes in developing software solutions for the mining industry, focusing on predictive maintenance for mobile mining equipment. Founded in 2017, Rithmik offers an artificial intelligence-driven platform that analyzes equipment health by creating a virtual model of healthy assets, which runs alongside their physical counterparts. This system detects even minor deviations from optimal performance, providing clients with actionable insights to enhance equipment uptime and reduce maintenance costs. By leveraging AI technology, Rithmik Solutions aims to optimize productivity and profitability for its clients in the mining sector.
Mayday
Non Equity Assistance in 2020
Mayday Labs Inc. is a Toronto-based company that specializes in designing and developing wellness and productivity software solutions. Founded in 2018, the company focuses on creating an AI-assisted scheduling tool that helps users organize and optimize their time effectively. This tool analyzes how time is allocated across various activities and offers calendar management features, including automatic travel time scheduling. By providing personalized assistance and recommendations for daily time management, Mayday Labs aims to enhance productivity and adapt to changing schedules, enabling users to manage their time more efficiently.
Open Ocean Robotics
Non Equity Assistance in 2020
Open Ocean Robotics is a company focused on collecting ocean data using solar-powered autonomous boats. Founded in 2018 and based in Victoria, British Columbia, the company operates unmanned surface vehicles (USVs) equipped with sensors, cameras, and communication devices. These boats can gather information from various locations in the ocean, providing real-time data that can aid in protecting endangered whale species, optimizing shipping routes for fuel efficiency, combating illegal fishing, and enhancing understanding of climate change impacts. By offering a safe, efficient, and cost-effective alternative to traditional crewed vessels, Open Ocean Robotics enables clients to monitor ocean traffic and conduct marine observations effectively.
BreatheSuite
Non Equity Assistance in 2020
BreatheSuite Inc., based in Saint John's, Canada, specializes in developing an innovative inhaler attachment and accompanying software designed for patients with asthma and chronic obstructive pulmonary disease (COPD). This device connects to smartphones via Bluetooth, enabling users to receive real-time feedback on their inhaler technique and medication dosage. By eliminating the need for separate training devices, BreatheSuite helps patients use their inhalers correctly, ensuring they adhere to their treatment plans effectively. The data collected can be shared with healthcare professionals, enhancing patient care and promoting better management of respiratory conditions.
Path Therapeutics
Non Equity Assistance in 2020
Path Therapeutics, Inc. is a biotechnology company based in Calgary, Canada, founded in 2013. It specializes in developing a neurometabolic, phenotypic drug discovery platform aimed at identifying novel protein targets for drug development. The platform leverages phenotypic screening technology to analyze repurposed drug libraries, enabling reverse identification of druggable proteins. By focusing on mitochondrial function, Path Therapeutics seeks to uncover new drug targets for central nervous system disorders, including epilepsy, autism, and aging-related conditions. This innovative approach aims to facilitate de novo drug discovery and improve treatment options for various neurological disorders, particularly rare and pediatric epilepsies.
Brink Bionics
Non Equity Assistance in 2020
Brink Bionics Inc is a Canadian company founded in 2018, focused on developing advanced bionic technologies and brain-computer interfaces for the gaming industry. Its flagship product, the Axo Hand, is a six-degree-of-freedom myoelectric prosthesis designed specifically for adults with below-elbow limb differences. This innovative device enhances hand dexterity and integrates with existing gaming hardware, such as gaming mice, to provide users with improved reaction times and a seamless gaming experience. The company operates from its base in Waterloo, Canada, and leverages machine learning to enhance its products, making them accessible for a broader range of applications in both gaming and assistive technologies.
PulseMedica
Pre Seed Round in 2020
PulseMedica, based in Edmonton, is a medical device startup focused on creating an innovative platform for non-invasive, automated image-guided laser treatments aimed at addressing vitreoretinal diseases. Utilizing advanced imaging technology, real-time tracking, and femtosecond laser technology, PulseMedica is dedicated to enhancing the quality of life for individuals affected by conditions such as age-related macular degeneration, diabetic retinopathy, branch retinal vein occlusion, and glaucoma. The company aims to establish itself as a leader in the safe and effective screening and treatment of eye floaters, with the aspiration of setting a global standard for treating vitreoretinal diseases. By integrating machine learning with cutting-edge imaging, PulseMedica seeks to offer patients improved treatment options and help mitigate disease progression.
Workwolf
Pre Seed Round in 2020
Workwolf is a Toronto-based start-up focused on addressing significant challenges in the employment market, specifically applicant filtration and resume verification. Founded by Erik Simins, a subject matter expert in human resources, the company offers a blockchain and AI-driven background verification solution that allows candidates to create verified profiles while providing employers with detailed reports on candidate credentials. This technology aims to reduce resume fraud and streamline the hiring process, resulting in faster time-to-hire and fewer mis-hires. Workwolf has received three global awards for its innovation and market potential, and is currently preparing for a $4.5 million seed financing round to further its growth and development.
PhenoTips
Non Equity Assistance in 2020
PhenoTips is a computer software company based in Ontario, Canada, founded in 2014. It specializes in providing solutions for clinical genetics, phenotyping, and human phenotype ontology. The company offers software designed for clinical use that integrates seamlessly with existing electronic health records. PhenoTips' technology aims to enhance diagnostic accuracy and standardize phenotype recording, facilitating the application of genomic medicine in clinical decision-making and diagnosis.
Revolve Surgical
Pre Seed Round in 2020
Revolve Surgical is a Toronto-based company founded in 2019 that is developing a unique surgical robot designed for use in a variety of operating environments, including the over one million abdominal surgeries conducted outside of hospitals in the United States. The company's robotic surgery platform employs a hybrid manual-robotic approach that eliminates the need for teleoperation, thereby reducing both the size and cost of traditional surgical robots. By simplifying design and operation, Revolve aims to enhance access to robotic surgery for patients and improve value-based care in the medical field.
Provision Analytics
Grant in 2020
Provision Analytics Inc., founded in 2018 and based in Calgary, Canada, specializes in cloud-based software solutions that enhance food safety by tracing and tracking food products throughout the supply chain. The company's software is designed for food processors and manufacturers, automating food safety processes to significantly decrease the time required for data input and recall procedures. By linking detailed process data with production outcomes, Provision Analytics generates valuable analytics that help minimize food loss and quality deviations, thereby improving overall operational efficiency in the food industry.
Evercloak
Seed Round in 2020
Evercloak Inc., founded in 2018 and based in Waterloo, Canada, specializes in the manufacturing of ultra-thin graphene and other two-dimensional nanomaterial films geared towards clean technology applications. The company employs a low-cost advanced manufacturing process that facilitates the continuous coating of single-layer nanomaterials. This innovative platform aims to support disruptive clean technologies across various sectors, including oil and gas, nuclear energy, mining, and agri-food. Evercloak's mission is to enhance energy efficiency in building cooling systems, thereby creating comfortable indoor environments while significantly reducing energy consumption and greenhouse gas emissions.
Arma Biosciences
Non Equity Assistance in 2020
Arma Biosciences is a developer of a sensor platform that monitors a multitude of physiological markers. The platform's sensing tips are compatible with saliva, blood, urine, sweat, and tears, and can be quickly developed to detect various health indications. It enables personalized health monitoring. Arma Biosciences' headquarters is based in Toronto, Ontario.
Gibli
Non Equity Assistance in 2020
Gibli Tech, founded in 2019 and based in Halifax, Canada, specializes in developing aerodynamic sensors designed to enhance athletic performance. The company offers a real-time sensor that enables cyclists and triathletes to assess and validate their equipment and positioning changes, optimizing their aerodynamics. This technology provides athletes with immediate feedback during training or racing, allowing them to adjust their riding positions for significant gains in efficiency without the need for additional equipment or extended training time. Gibli Tech aims to be a crucial resource for athletes seeking to unlock their full performance potential.
Smart Access
Convertible Note in 2019
Smart Access Inc. is a company that specializes in designing and developing knowledge-based system software aimed at enhancing workforce efficiency in retail and warehouse environments. Founded in 2015 and headquartered in Edmonton, Alberta, the company offers a mobile performance support platform that facilitates the training and reskilling of workers through location-aware technology. Its software services include onboarding, user management, content management, mobile experience building, and operational intelligence. By providing intuitive access to essential information, Smart Access enables employers to gain insights into workforce performance, ultimately accelerating operational competence and efficiency.
InVivo AI
Pre Seed Round in 2019
InVivo AI, founded in 2017 and based in Montreal, Canada, specializes in utilizing artificial intelligence to enhance pharmaceutical research and development, particularly in the area of preclinical toxicology. The company aims to streamline the drug discovery process by implementing advanced AI methods for molecular representation and de novo design, which allows for the creation of novel chemical compounds that can address complex biological challenges. Through its innovative platform, InVivo AI is positioned to significantly improve the efficiency and effectiveness of drug design, paving the way for breakthroughs in pharmaceutical science.
Aifred Health
Pre Seed Round in 2019
Aifred Health Inc. is a Montreal-based company that specializes in developing a deep-learning clinical decision support tool aimed at enhancing personalized medicine in psychiatry. Founded in 2017, Aifred Health addresses the longstanding challenges associated with the trial-and-error approach to treatment selection in depression, which is a leading cause of medical impairment. The company's application software features treatment prediction, interpretability, patient data tracking, and electronic patient record capabilities. By processing de-identified data, Aifred's AI model generates tailored therapeutic options for individual patients, enabling clinicians to make more informed decisions among various treatment options that may appear effective at a population level but vary significantly in effectiveness for individuals.
CoLab Software
Pre Seed Round in 2019
CoLab Software Inc. is a Canadian company based in St. John's that specializes in developing Gradient, a cloud-based platform designed for issue tracking and management aimed at mechanical design teams. Founded in 2017, the platform facilitates the viewing of 3D files, gathering feedback from stakeholders, and tracking project issues within a shared cloud environment. By providing real-time collaboration tools, CoLab's solution helps manufacturing teams enhance productivity, reduce communication-related project delays, and ultimately shorten development cycles while minimizing manufacturing defects.
SucSeed
Grant in 2019
SucSeed is a socially-driven hydroponics company. They sell their grow tanks and accessories to households across Canada. Their at-home hydroponic systems are built by Choices For Youth, an organization that supports and employs youth facing barriers to work and housing.
Vouched
Seed Round in 2019
Vouched specializes in identity verification software that employs artificial intelligence to streamline user onboarding and enhance fraud detection. The company's technology enables real-time identity and documentation verification, including facial recognition and driver license validation. Vouched caters to industries that require stringent security measures, such as healthcare, real estate, retail, logistics, and financial services. With expertise in processing a wide range of identification documents, Vouched can verify hundreds of ID types across multiple countries, including the U.S., Canada, Vietnam, and Great Britain. This capability allows businesses to improve user engagement and conversion rates while maintaining compliance and security standards.
Ratio.City
Seed Round in 2019
Ratio.City Inc. is a Toronto-based company founded in 2017 that specializes in online mapping and analysis tools for the real estate industry. Its platform enables real estate professionals to strategically identify and evaluate urban development opportunities, helping them unlock the full potential of various sites. The company offers three-dimensional building simulations that comply with city planning regulations, facilitating informed land valuations. This technology allows users to efficiently assess potential development locations and determine land values quickly, streamlining the decision-making process for real estate developers.
Coloursmith Labs
Seed Round in 2019
Coloursmith Labs Inc. is an optical filtering technology company based in Halifax, Canada, founded in 2018. The company specializes in developing advanced optical filters for contact lenses that enhance color saturation and assist individuals with color vision deficiencies. By integrating materials science with vision science, Coloursmith Labs aims to create innovative, tint-free products that provide protection against harmful light while improving visual experiences. The company serves the healthcare sector, focusing on enhancing the capabilities of human vision to improve the quality of life for its users.
Coastal Genomics
Non Equity Assistance in 2019
Coastal Genomics Inc., based in Burnaby, Canada, focuses on research and development in the life sciences automation sector. Established in 2012, the company specializes in providing automated solutions for sample preparation, particularly in the medical diagnostics field. Its flagship product, ranger technology, fully automates the gel-based size selection of biomolecules, enhancing efficiency in DNA size selection through gel electrophoresis. Coastal Genomics aims to streamline processes within biotechnology and medical diagnostics, positioning itself as a key player in life sciences automation.
Miru Smart Technologies
Seed Round in 2019
Miru Smart Technologies, formerly known as Click Materials, is a Vancouver-based company specializing in advanced materials, particularly in the development of electrochromic windows for residential, commercial, and automotive applications. Founded as a university spin-off, Miru leverages over a decade of academic and industrial research to innovate traditional thin film production. This advanced fabrication process is designed to provide superior performance at lower manufacturing costs compared to existing technologies. By focusing on strategic partnerships, Miru aims to integrate its window technology into the growing trends of connected smart buildings and voice-activated smart homes, contributing to reduced greenhouse gas emissions and enhanced energy efficiency.
Merinio
Non Equity Assistance in 2019
Merinio Inc. is a Montreal-based company founded in 2016 that specializes in cloud-based workforce automation software. The software is designed to enhance operational efficiency in complex business environments by offering features such as labor forecasting, auto shift fulfillment, on-demand schedule validation, and a compliance engine. It also includes tools for quick scheduling, template assistance, multichannel communication, employee portal access, and time and attendance tracking. By facilitating streamlined planning, scheduling, and management of workforce operations, Merinio aims to reduce costs and boost employee satisfaction. The software enables real-time communication of operational information, which can positively impact customer satisfaction and allows organizations to make immediate adjustments to optimize their human capital.
CleanO2
Non Equity Assistance in 2019
CleanO2 Carbon Capture Technologies, founded in 2013 and based in Calgary, Alberta, is focused on transforming the heating industry through innovative carbon capture solutions. The company has developed both residential and commercial carbon capture devices, including the CARBiNX system, which effectively reduces greenhouse gas emissions from HVAC systems. These devices not only capture carbon emissions but also convert waste carbon into valuable by-products, such as chemicals used in the soap and detergent industry. By implementing heat recovery techniques, CleanO2 aims to lower energy demands while providing businesses with a sustainable method to mitigate their carbon footprints. With deployments initiated in Alberta and plans for global expansion, CleanO2 is dedicated to creating a positive environmental impact.
QReserve
Non Equity Assistance in 2019
QReserve is a provider of scheduling software that assists organizations in managing, promoting, and sharing resources such as meeting rooms, offices, desks, equipment, and facilities. The platform offers a variety of products, including room and desk scheduling, laboratory management, and property management, which facilitate the acceleration of research and development projects for students, researchers, and businesses. QReserve enhances resource utilization through professional cataloguing services and analytics tools, delivering valuable insights on utilization rates, revenues, capacity, and performance. The platform supports thousands of users daily, helping them discover and access over ten thousand resources. Notable clients include SickKids, UBC Okanagan, and McMaster University.
Beatdapp
Non Equity Assistance in 2019
BeatDapp is a technology company that specializes in music streaming software aimed at eliminating streaming fraud and ensuring fair compensation for artists. Founded in 2018 and headquartered in Vancouver, British Columbia, with additional offices in Los Angeles and Toronto, BeatDapp provides a SaaS-based platform that allows music labels and artists to accurately track their songs and collect royalties. Its innovative tracking system authenticates and validates media streamed in real-time, reducing discrepancies between Digital Service Providers and rights holders. This capability not only enhances royalty revenue for rights holders but also mitigates legal risks associated with royalty disputes. With a team of industry and technology veterans, BeatDapp is positioned to revolutionize the music industry by delivering transparent streaming data to a rapidly growing market of paid consumers.
16 Bit
Non Equity Assistance in 2019
16 Bit Inc. is a Toronto-based company that specializes in developing medical image analysis systems, utilizing artificial intelligence to enhance diagnostic capabilities. The company is focused on creating a breast cancer screening triaging algorithm, as well as solutions for neurological emergency detection and pediatric bone age assessment. By leveraging its innovative software, 16 Bit aims to improve the quality, efficiency, and accessibility of healthcare, aiding physicians and radiologists in interpreting medical results more effectively.
CapIntel
Non Equity Assistance in 2019
CapIntel Inc. is a financial technology company based in Toronto, Canada, that specializes in developing an online platform designed to enhance financial advisory services. Founded in 2017, CapIntel's platform serves over 12,000 financial advisors and asset management sales teams across North America. It combines investment analytics with online collaboration and communication tools, facilitating seamless interactions between asset managers and advisors, as well as between advisors and their retail clients. The platform enables financial professionals to build client portfolios, compare performance, and easily create visually appealing proposals, thereby increasing sales and improving client experience. By empowering advisors with the tools they need to instill confidence in their clients regarding investments, CapIntel aims to elevate personal finance management and secure clients' financial futures.
LlamaZOO Interactive
Non Equity Assistance in 2019
LlamaZOO Interactive is changing the way the world sees data by visualizing big data in its real-world 3D context to facilitate understanding and action. Headquartered in Victoria, BC, Canada, LlamaZOO’s spatial business intelligence platform empowers organizations to fuse together data from across their operations and visualize it in the context of its real-world location, quickly revealing crucial insights and facilitating rapid decision-making. LlamaZOO’s platform draws upon real-time 3D visualization technology from the gaming industry to provide an entirely new perspective on complex big data.
Spiderwort
Angel Round in 2019
Spiderwort is a company focused on developing innovative biomaterials for regenerative medicine, aiming to repair and regenerate human tissues. Founded in 2015 and based in Ottawa, Ontario, the company utilizes plant-derived cellulose to create various scaffold architectures, including powders, gels, membranes, and pastes. Currently in the pre-clinical stage, Spiderwort's novel biomaterials have shown promising results in terms of biocompatibility and their ability to induce angiogenesis, the generation of new blood vessels within the scaffolds. This approach seeks to advance applications in the healthcare industry, particularly for spinal cord injury repair and soft tissue regeneration, by utilizing plant-based materials rather than traditional synthetic substances.
Forcen
Seed Round in 2019
Forcen Inc. is a Toronto-based company that develops and manufactures innovative force-sensing film technology for various applications, including surgical robotics, industrial robotics, and aerospace and defense. Founded in 2015, Forcen specializes in providing real-time force feedback, allowing users to accurately gauge the force applied during surgical procedures or industrial tasks. This technology can be seamlessly laminated onto medical devices and robotic systems, enhancing their performance and safety. By delivering precise data on force and torque, Forcen aims to improve operational efficiency and reduce complications in both medical and industrial environments.
Doorr
Pre Seed Round in 2019
Doorr Inc. is a company that designs and develops a digital mortgage platform aimed at simplifying the mortgage process for brokers, agents, and financial institutions. Founded in 2018 and based in Toronto, Canada, the platform facilitates seamless collaboration between brokers and their clients on various mortgage-related activities, including pre-approvals, refinances, and purchases. By providing a centralized location for document management and support, Doorr enhances efficiency and reduces barriers associated with data access and sharing. The platform also includes features like data visualization and customizable websites, digitizing the entire experience from the initial application to final approval. As of October 2020, Doorr operates as a subsidiary of D+H Limited Partnership.
Miru Smart Technologies
Non Equity Assistance in 2019
Miru Smart Technologies, formerly known as Click Materials, is a Vancouver-based company specializing in advanced materials, particularly in the development of electrochromic windows for residential, commercial, and automotive applications. Founded as a university spin-off, Miru leverages over a decade of academic and industrial research to innovate traditional thin film production. This advanced fabrication process is designed to provide superior performance at lower manufacturing costs compared to existing technologies. By focusing on strategic partnerships, Miru aims to integrate its window technology into the growing trends of connected smart buildings and voice-activated smart homes, contributing to reduced greenhouse gas emissions and enhanced energy efficiency.
Naegis
Non Equity Assistance in 2019
Naegis Pharmaceuticals Inc. is a Canadian biopharmaceutical company developing novel, small molecules for the treatment of serious inflammatory diseases.Chronic inflammatory disease represents an enormous societal and economic burden, particularly in an aging population, impacting both quality and quantity of life. Naegis Pharmaceuticals Inc. is driven to discover new therapies that target underlying chronic inflammatory processes in disease. The Naegis research team seeks to design new drugs that offer safer and more effective treatment options for patients, focusing first on serious eye conditions that result in damage to the back of the eye, with a program directed towards blocking the synthesis of pro-inflammatory mediators in disease.
Lunie
Non Equity Assistance in 2019
Lunie is a non-custodial cryptocurrency platform based in Toronto, Ontario, designed for both mobile and web users. The platform specializes in staking and governance for proof-of-stake blockchains, facilitating the management of various networks. Lunie supports multiple proof-of-stake blockchains, including Cosmos, Polkadot, Kusama, and Terra, thereby enabling developers and users to engage with these ecosystems effectively.
QuantumSense
Seed Round in 2018
QuantumSense is an artificial intelligence company founded in Canada and is a successful graduate of the first quantum machine learning track of the Creative Destruction Lab program in Toronto. It provides a top semantic search engine that works on the sentence level. This solution goes beyond the simple keyword search by encapsulating the meaning and structure of words in sentences to make efficient comparisons in meaning and search. This gives a much more accurate and faster search for ideas or text passages in documents or archives of any business smoothing the workflow and saving countless hours. The sentiment analysis can also be used together with the fundamental analysis in finance to analyze unstructured data to make better predictions. Another vertical is the insurance industry where our semantic search engine can automate and significantly speed up the insurance claims process of insurers.
DarwinAI
Seed Round in 2018
DarwinAI Corp. is a company that designs and develops a platform for creating deep neural networks aimed at enterprise artificial intelligence. Based in Waterloo, Canada, the company offers GenSynth, a software platform that accelerates the deep learning development cycle for developers and data scientists. GenSynth automatically generates models that meet specific performance targets while ensuring transparency and providing insights into the factors influencing decision-making. DarwinAI's technology, referred to as Generative Synthesis, optimizes and explains deep learning processes, thereby eliminating uncertainties in AI development. Additionally, the company has developed an AI-powered visual quality inspection system for the PCBA manufacturing lifecycle, which utilizes specialized optics and artificial intelligence to detect product defects. This system enhances product quality and consistency, ultimately reducing costs and improving customer satisfaction in manufacturing.
bridge7
Non Equity Assistance in 2018
Bridge7 is a company that specializes in AI-powered consultation software aimed at enhancing the quality of care for cancer patients. Founded in 2017 and headquartered in Ontario, Canada, Bridge7's software leverages machine learning algorithms to analyze data from thousands of patients. This capability provides clinical teams with decision-making metrics that facilitate informed consultations regarding cancer treatment options. By offering insights on the quality of cancer care before treatment begins, Bridge7 helps healthcare providers improve clinical efficiency and enhance the overall delivery of care.
Kognitiv Spark
Seed Round in 2018
Kognitiv Spark Inc., founded in 2016 and based in Fredericton, Canada, specializes in mixed reality software aimed at enhancing industrial operations. The company's flagship product, RemoteSpark, is a cloud-based application compatible with devices such as tablets, phones, laptops, and HoloLens headsets. This innovative tool enables remote technicians to connect with experts for real-time guidance during equipment repairs and task execution. RemoteSpark features secure, low-bandwidth audio/video communication, allowing experts to provide holographic and step-by-step instructional content directly in the technician's field of view. Kognitiv Spark also offers HIDE, a platform that enables organizations to create immersive holographic training scenarios. The company primarily serves clients in the aerospace, defense, and security sectors, helping them improve task efficiency, facilitate knowledge transfer, and reduce the need for expert travel. By leveraging mixed reality, Kognitiv Spark enhances operational accuracy and reduces equipment downtime, making it an invaluable resource for industrial organizations.
eMurmur
Non Equity Assistance in 2018
eMurmur is a digital health company based in Ottawa, Ontario, that focuses on developing applications for the detection, analysis, and classification of heart murmurs. Established in 2015, the company utilizes advanced machine learning techniques to analyze medical data, particularly in auscultation. Its platform not only assists healthcare professionals in diagnosing heart conditions but also incorporates features for remote recording of heart sounds, tele-auscultation, and cloud integration. Additionally, eMurmur provides educational solutions aimed at enhancing classroom learning and self-paced education. Through its innovative technology, eMurmur aims to improve the screening, monitoring, and consultation processes related to heart, lung, and bowel health.
Ideon Technologies
Non Equity Assistance in 2018
Ideon Technologies Inc. specializes in developing advanced bore-hole detectors and a subsurface intelligence platform for mineral exploration and monitoring. This platform employs cosmic-ray muon tomography, integrating proprietary detectors, imaging systems, inversion technologies, and artificial intelligence to achieve x-ray-like imaging capabilities down to 1 kilometer beneath the Earth's surface. By detecting subsurface muons, Ideon transforms data into reliable geophysical surveys and three-dimensional density maps, allowing exploration geologists to identify, map, and monitor mineral and metal deposits with enhanced precision. The company's innovative approach helps reduce drilling costs and risks, saves time, and minimizes environmental impacts associated with traditional exploration methods. Founded in 2011 and headquartered in Richmond, Canada, Ideon Technologies emerged as a spin-off from TRIUMF, Canada's national particle accelerator laboratory, and was previously known as CRM GeoTomography Technologies, Inc. until its name change in May 2020.
Delphia
Seed Round in 2018
Delphia Inc., based in Toronto, Canada, specializes in developing artificial intelligence-driven surveys that assist individuals in making informed decisions across various domains, including careers, education, finances, and health. Founded in 1993, the company emphasizes the importance of data in fostering capital formation and economic empowerment. Delphia creates products designed to incentivize the sharing of proprietary data, aiming to provide users with a competitive advantage in financial markets. By actively managing personal data, Delphia seeks to unlock innovative avenues for wealth creation for both individual and institutional investors.
LabsCubed
Pre Seed Round in 2018
LabsCubed Inc. is a company based in Kitchener, Canada, that specializes in manufacturing automated testing systems for materials, particularly plastics and rubbers. Founded in 2016, LabsCubed's innovative machines streamline the testing process by conducting rapid and intelligent stress tests on various tensile samples. Utilizing advanced software, these systems can efficiently process a large volume of samples while gathering detailed data and generating comprehensive analyses. This automation aids materials manufacturers in reducing costs and time associated with product development, ultimately facilitating the creation of new and innovative materials.
GenXys Health Care Systems
Pre Seed Round in 2018
GenXys Health Care Systems Inc. specializes in precision prescribing software and pharmacogenetic solutions aimed at preventing adverse drug reactions. Based in Kelowna, Canada, the company has developed a platform that integrates medication interactions, genetic information, and health data to help clinicians make informed prescribing decisions. This software facilitates the clinical translation and interpretation of pharmacogenetic tests, providing real-time, actionable insights at any point of care. GenXys' solutions address a significant global health issue, as adverse drug reactions are among the leading causes of death worldwide. By enhancing the prescribing process, GenXys is committed to advancing precision medicine and improving patient safety across Canada and the United States.
Zennea Technologies
Pre Seed Round in 2018
Zennea Technologies is a medical device company based in Surrey, Canada, specializing in the development of therapeutic wearables aimed at reducing snoring and improving overall health through enhanced sleep quality. The company's flagship product, ZENS, is a comfortable and discreet wearable designed to address chronic snoring and mild obstructive sleep apnea at its source. Zennea conducts clinical trials to validate the effectiveness of its technology, which not only targets snoring but also tracks sleep quality, assisting users in making informed decisions to enhance their sleep health.
TritonWear
Seed Round in 2018
TritonWear Inc. is a Canadian company based in Kitchener that specializes in developing performance wearables for athletes and coaches. Its innovative devices offer real-time tracking of athletic performance through mobile technology, addressing challenges in the sports wearables market, particularly issues related to data accuracy and the lack of actionable feedback. TritonWear's products feature patented technology and AI-based auto-coaching capabilities, which automatically calculate performance metrics and provide personalized insights. This allows coaches to monitor their athletes' progress throughout training and competitions, guiding them on specific areas for improvement. By focusing on these critical needs, TritonWear aims to enhance the athletic experience and redefine the limits of performance.
panCELLa
Seed Round in 2018
panCELLa Inc. is a biotechnology company based in Mississauga, Canada, founded in 2015. It specializes in developing innovative cell therapy solutions aimed at treating degenerative and malignant diseases. The company's flagship product is the FailSafe cell therapy system, which incorporates unbreakable safety switches into cell designs. This technology creates a robust connection between a drug-inducible suicide gene and a gene crucial for cell division, allowing clinicians to control the proliferation of potentially malignant cells. This capability enables healthcare providers to efficiently eliminate undesirable cells before or after transplantation, enhancing the overall safety and effectiveness of cell-based therapies.
AuroraQ
Non Equity Assistance in 2018
AuroraQ is a quantum computing startup based in Toronto, Canada, founded in 2017. The company specializes in developing standardized and modular quantum components that integrate seamlessly with various quantum processor technologies, offering scalability and ease of entry into the quantum market. AuroraQ provides engineering analysis services, which include designing conducting quantum circuits, generating quantum equations for circuit operation, and analyzing the dissipation of quantum information under different environmental conditions. By selling directly to existing quantum computing companies, as well as academic and government customers, AuroraQ aims to facilitate the growth of the quantum computation industry and accelerate advancements in quantum technology.
Notch Therapeutics
Non Equity Assistance in 2018
Notch Therapeutics Inc. is an immune cell therapy company focused on developing gene-edited allogenic T cell therapies for cancer treatment. Based in Toronto, Canada, the company utilizes a proprietary platform for induced pluripotent stem cell (iPSC) technology that allows for precision control of Notch signaling, which is essential for T cell development. This innovative approach addresses critical limitations in cell therapy development, enabling the design and manufacture of a consistent and limitless supply of therapeutic T cells. Notch Therapeutics aims to provide targeted treatments for conditions such as non-Hodgkin lymphoma, leukemia, and multiple myeloma, facilitating advancements in the treatment of complex disease systems. Established in 2018, the company is positioned at the forefront of next-generation cancer therapies.
ProteinQure
Pre Seed Round in 2017
ProteinQure Inc. is a biotechnology company based in Toronto, Canada, founded in 2017. It specializes in the development and manufacturing of protein-based therapeutic drugs, focusing on the design of novel exotic peptides for a wide range of therapeutic applications. The company employs advanced technologies such as quantum computing, molecular simulations, and reinforcement learning to facilitate the engineering of novel therapeutics. By utilizing atomic-level simulations and artificial intelligence, ProteinQure aims to create dynamic peptides that effectively target specific disease pathways, potentially outperforming traditional drug delivery systems. The company’s innovative approach seeks to enhance drug discovery and design, offering new possibilities for treating previously untreatable conditions. ProteinQure prides itself on its diverse team, which integrates expertise from experimental and computational biology, machine learning, and software engineering to advance the field of drug development.
Untether AI
Non Equity Assistance in 2017
Untether AI Corporation, based in Toronto, Canada, specializes in manufacturing neural net-based inference processors and chips designed to enhance artificial intelligence applications. Established in 2017, the company focuses on developing a new class of specialized processors that minimize complexity while ensuring efficient neural net inference operations. By positioning processing capabilities close to memory, Untether AI's technology significantly reduces the energy required for inference tasks, which are crucial for devices such as augmented reality headsets and wearables. This innovative architecture not only maximizes inference output but also operates within strict energy budgets, making it highly suitable for various applications where traditional inference technologies may fall short. As the demand for efficient AI processing continues to grow, Untether AI is well-positioned to address these challenges with its scalable and resource-efficient solutions.
Variense
Non Equity Assistance in 2017
Variense is a startup based in Montreal that offers Industrial IoT sensing solutions.
Creatus Biosciences
Non Equity Assistance in 2017
Creatus Biosciences Inc. is a biotechnology company based in West Vancouver, Canada, focused on the production of genetically engineered microorganisms that convert xylose sugars into valuable compounds. Founded in 2014, the company specializes in developing proprietary mixed-sugar biorefinery technology that utilizes second-generation feedstocks to create high-value, low-volume chemicals. Through metabolic engineering and synthetic biology, Creatus Biosciences offers a versatile solution for various industries, including biofuels and food additives, enabling the efficient use of xylose as a drop-in product across multiple applications.
Borealis Wind
Non Equity Assistance in 2017
Borealis Wind, founded in 2016 and headquartered in Kitchener, Ontario, Canada, specializes in developing innovative solutions for the wind energy sector. The company has created a patented internal blade heating retrofit designed to be installed within the rotor blades of wind turbines. This device effectively prevents and removes ice buildup, which is crucial for maintaining the efficiency and reliability of wind turbines, particularly in cold climates. By addressing the challenges posed by ice accumulation during winter, Borealis Wind aims to enhance production and revenue for wind farms, ultimately contributing to the advancement of renewable energy technologies.
Dooly
Non Equity Assistance in 2017
Dooly Research Ltd. is a Canadian company based in Vancouver that specializes in artificial intelligence-driven software designed to enhance the efficiency of sales teams. Founded in 2015, Dooly's platform automates the customer relationship management process by collecting and sharing essential customer information from meetings and conversations. This software facilitates the organization and updating of workflow systems in real-time, allowing users to manage notes, tasks, and learnings more effectively. By bridging the gap between note-taking and information sharing, Dooly enables sales teams to minimize administrative burdens and concentrate on core business activities, ultimately optimizing their performance and productivity.
Orpyx Medical Technologies
Non Equity Assistance in 2017
Orpyx Medical Technologies Inc. specializes in developing mobility sensor devices aimed at diabetic patients. The company's flagship product, the Orpyx SI sensory insoles, employs advanced sensor technology to monitor pressure, temperature, and movement, thereby helping to manage and prevent diabetic foot ulcers and limb loss. Additionally, Orpyx offers Kinetyx, a mobile in-shoe pressure management system that captures clinical plantar pressure data for sports medicine and footwear design, along with SurroGait Rx, which aids multiple sclerosis patients in enhancing mobility and balance. Founded in 2010 and headquartered in Calgary, Canada, Orpyx Medical Technologies is committed to empowering individuals with diabetes to maintain their mobility while promoting a prevention-focused healthcare model.
Brizi
Non Equity Assistance in 2017
Brizi Inc. is a Canadian company that specializes in remote-control augmented reality camera systems, enabling fans to control cameras in venues such as stadiums, arenas, and auditoriums. Founded in 2014 and based in Toronto, Brizi offers technology that allows attendees to use their smartphones to capture live event moments and share them instantly on social media. This innovation not only enhances the fan experience but also provides venues with opportunities for monetization through real-time and social sharing applications. The company has formed a strategic alliance with Canon U.S.A., further solidifying its position as a leader in fan-controlled camera technology across various sports and entertainment venues worldwide.
Innovative Protein Technologies
Non Equity Assistance in 2017
Innovative Protein Technologies is a biotechnology startup focused on creating environmentally-friendly products derived from natural protein molecules for agricultural and home applications. Founded by graduates from the University of Guelph and the University of Waterloo, the company aims to harness nature's diverse protective strategies. Its flagship product, "Frost Armour," is a spray-on solution designed to protect crops from frost damage during the spring growing season. In addition to this, Innovative Protein Technologies offers services in expression optimization, stability testing, functional engineering, protein production, protein modification, and plasmid constructs, enhancing the ability of users to utilize bio-friendly solutions for effective crop protection and gardening.
Cerebri AI
Non Equity Assistance in 2017
Cerebri AI Inc. is a technology company based in Austin, Texas, specializing in software solutions for decision-making in customer and traveler experiences. Founded in 2015, the company leverages advanced artificial intelligence infrastructure from leading providers such as IBM, Microsoft, Amazon, and Google. Its flagship platform, Cerebri Decisions, employs sophisticated data engineering and AI modeling to address complex challenges in customer experience (CX) and traveler experience (TX). The platform processes various datasets, including customer journeys and corporate financial data, delivering insights in near real-time to facilitate prompt decision-making. Cerebri AI's innovative approach is underscored by its filing of 27 patents, with several granted or pending, reflecting its commitment to addressing intricate data reconciliation and modeling issues. The company also maintains a presence in Toronto, expanding its reach in the technology sector.
CryptoNumerics
Non Equity Assistance in 2017
CryptoNumerics Inc. is an enterprise software company based in Toronto, Canada, established in 2017. The company specializes in providing solutions that facilitate data analysis while ensuring privacy and compliance with regulations such as HIPAA and GDPR. Its primary offerings include CN-Fuse, which connects and maps decentralized datasets; CN-Shroud, which uses differential privacy techniques to balance re-identification risk and data quality; and CN-Insight, a tool for training machine learning models to predict adverse drug reactions across distributed datasets. By enabling the creation of privacy-protected datasets and allowing for the development of statistical and machine learning models without compromising intellectual property, CryptoNumerics addresses the challenges posed by data restrictions and helps organizations utilize their data more effectively. The company operates as a subsidiary of Snowflake Computing Inc. since July 2020.
Phenomic AI
Non Equity Assistance in 2017
Phenomic AI Inc. is a biotechnology company based in Toronto, Canada, founded in 2017. The company specializes in developing artificial intelligence solutions to enhance drug discovery and the creation of therapies for cancer. Its innovative platform utilizes AI, computer vision, and high-content screening to analyze phenotypes in complex disease models, such as high-content co-culture and three-dimensional assays. By focusing on the tumor stroma, Phenomic AI aims to optimize the discovery and development of new medicines, streamlining the process for pharmaceutical companies to identify potential drug candidates more effectively.
NanoQuan
Non Equity Assistance in 2017
NanoQuan Inc., based in Kitchener, Canada, specializes in the development and manufacturing of advanced nanocomposite materials. The company focuses on creating novel materials that exhibit exceptional electrical, mechanical, optical, and thermal properties. Utilizing a unique dispersion-mixing technology, NanoQuan incorporates nano-fillers into various host materials, allowing for tailored solutions that meet the specific requirements of industries such as electronics, automotive, and aerospace. Through its innovative approach, NanoQuan aims to provide high-performance materials at competitive prices, addressing the diverse needs of its clients across multiple sectors.
Wondereur
Non Equity Assistance in 2017
Wondereur Inc. operates a digital art platform that connects contemporary artists with potential buyers and art enthusiasts. Through its application for iPad and iPhone, the platform allows artists to share personal stories and insights about their creative processes, while photojournalists provide visual documentation of artists' environments. Additionally, the platform assists curators in identifying emerging talent and offers early-bird pricing for art acquisitions. Wondereur also analyzes various factors that influence an artist's market value, such as endorsements from galleries and publications, and generates intelligent indices that suggest price ranges and projected growth rates for contemporary artworks. Established in 2012 and headquartered in Toronto, Canada, Wondereur serves a diverse customer base across Europe, Asia, the United States, and Canada.
FleetOps
Non Equity Assistance in 2017
FleetOps, founded in 2014 and based in Toronto, Canada, operates a freight marketplace that connects brokers and shippers with truck drivers. The company has developed an application that automates the allocation of loads to drivers by utilizing data from telematics providers. This data offers insights into truck locations, typical routes, idle times, and driver behavior, which are analyzed through artificial intelligence and machine learning algorithms to determine optimal load assignments. FleetOps also provides a dashboard for trucking dispatchers, allowing them to monitor logistics and track freight movement efficiently. By integrating these capabilities, FleetOps aims to streamline the trucking operation process and enhance overall efficiency for its clients.
DarwinAI
Non Equity Assistance in 2017
DarwinAI Corp. is a company that designs and develops a platform for creating deep neural networks aimed at enterprise artificial intelligence. Based in Waterloo, Canada, the company offers GenSynth, a software platform that accelerates the deep learning development cycle for developers and data scientists. GenSynth automatically generates models that meet specific performance targets while ensuring transparency and providing insights into the factors influencing decision-making. DarwinAI's technology, referred to as Generative Synthesis, optimizes and explains deep learning processes, thereby eliminating uncertainties in AI development. Additionally, the company has developed an AI-powered visual quality inspection system for the PCBA manufacturing lifecycle, which utilizes specialized optics and artificial intelligence to detect product defects. This system enhances product quality and consistency, ultimately reducing costs and improving customer satisfaction in manufacturing.
Routific
Non Equity Assistance in 2017
Routific, Inc. is a provider of route optimization software designed to assist small and medium-sized delivery businesses in Canada and internationally. Headquartered in Vancouver, Canada, the company offers an intelligent delivery management solution that automates vehicle routing and scheduling operations. Inspired by the foraging behaviors of honey bees, Routific's platform features intelligent route optimization, dispatch and live tracking, and delivery notifications, enabling businesses to save time and fuel while reducing carbon emissions by 20-40%. By enhancing driver efficiency and customer satisfaction, Routific's technology is trusted by delivery companies worldwide to lower delivery costs and improve overall operational effectiveness.
Saccade Analytics
Non Equity Assistance in 2017
Saccade Analytics Inc., founded in 2016 by Dr. Mimi Galiana, is a Montreal-based company that develops clinical tools for analyzing eye and head movement data to assess brain function. The company's flagship product, InSight, is designed to assist clinicians and therapists in diagnosing and monitoring conditions such as concussions, vestibular disorders, and other neurological issues. Dr. Galiana's extensive 30-year research background at McGill University in eye and head movement analysis laid the foundation for the company's innovative approach. Saccade Analytics aims to enhance the standard of neurological care by translating advanced research into practical, accessible tools for healthcare professionals.
Mesentech
Non Equity Assistance in 2017
Mesentech Inc. is a regenerative medicine company based in Vancouver, Canada, specializing in the development of therapeutics that target bone-related diseases. The company utilizes a unique prodrug platform that delivers bi-specific small-molecule therapeutics selectively to bone tissue, minimizing side effects associated with systemic exposure. Its lead product, MES1007, is a bone-targeted prodrug of a prostaglandin mimetic, designed to potentially reverse bone loss linked to conditions such as Duchenne muscular dystrophy and osteoporosis. Mesentech's proprietary technology overcomes the challenges of delivering medications to the difficult-to-treat bone environment, which often requires high drug doses and can lead to significant side effects. Through pre-clinical in-vivo models, the effectiveness of this bone-targeting system has been confirmed, positioning Mesentech to address various low-bone-density disorders and enhance bone healing outcomes. The company was incorporated in 2013 and continues to innovate in the field of bone therapeutics.
Industrial Plankton
Non Equity Assistance in 2017
Industrial Plankton Inc. is a Canadian company founded in 2010 and headquartered in Victoria, British Columbia. All equipment is manufactured in-house to ensure a high quality product. The company was founded in 2010, and by 2012 launched its flagship product, a 1000L algae bioreactor. Building on the success of the 1000L, a 100L research reactor was added to the product line in 2014, followed by full LED 1250L reactor in 2016. In addition to algae production, an automated rotifer reactor is scheduled for launch in late 2017.
Harbr
Non Equity Assistance in 2017
Harbr Inc. is a Canadian company that specializes in developing artificial intelligence (AI) software tailored for the construction management sector. Founded in 2016 and based in Halifax, Nova Scotia, Harbr's software solutions aim to organize and manage project data effectively, ensuring that construction projects stay on schedule. The company offers a range of products, including a construction super schedule that features daily logs for user protection, tools for team connectivity on job sites, and enterprise solutions that link multiple job sites and teams together. Additionally, Harbr provides an embedded credit onboarding platform designed for lenders and credit bureaus, which simplifies the collection and transformation of unstructured business credit and payment data. This comprehensive approach streamlines the qualification process through document evaluation, data extraction, and decision insights, enhancing cost-effectiveness and scalability for businesses.
Vivametrica
Non Equity Assistance in 2017
Vivametrica analyzes data from wearable sensor devices for the assessment of health and wellness. Vivametrica’s device agnostic platform delivers a standardized approach to data collection and management, bridging the gap between wearable fitness applications and actionable data for consumers, enterprises, healthcare companies, and researchers. Created by physicians and researchers, Vivametrica’s approach is based on comprehensive clinical findings in the fields of physical activity, rehabilitation, and medicine. Vivametrica was founded in 2013 and is based in Alberta, Canada.
Optina Diagnostics
Non Equity Assistance in 2017
Optina Diagnostics Inc. is a diagnostics company based in Montréal, Canada, founded in 2010. It specializes in the early detection of Alzheimer's disease through innovative hyperspectral imaging technology that examines the retina. By employing non-invasive diagnostic tests, Optina Diagnostics identifies key biomarkers, such as beta-amyloid plaques, which are crucial for assessing patients' health and disease risk. The company's advanced imaging systems also aid in the detection of age-related macular degeneration and ocular diabetic retinopathy, providing physicians with critical information that enables timely and appropriate patient care. Through its focus on retinal features and artificial intelligence, Optina Diagnostics aims to transform the assessment of brain health and address under-diagnosed diseases.
Carbon Upcycling
Non Equity Assistance in 2017
Carbon Upcycling is a carbon technology company focused on decarbonizing hard-to-abate industries. It utilizes patented technology to permanently store carbon dioxide in industrial byproducts and minerals, converting them into high-performance alternative materials for cement and concrete. This process not only reduces the carbon impact of industrial operations but also diverts materials from landfills, supporting the principles of a circular economy. Carbon Upcycling has garnered global recognition for its innovative approach, earning accolades such as the Carbon XPrize’s X-Factor award and being named one of the most investable cleantech ventures in Canada.
Zept
Non Equity Assistance in 2017
Zept's mission is to help international students get into the best schools possible. They have indexed all of the Canadian university and college programs. All you have to do is enter your high school grades and what you want to study and they will recommend the schools that are a good match.
Swirltex
Non Equity Assistance in 2017
Swirltex Inc. is a Canadian company that specializes in designing and supplying custom wastewater treatment systems for various applications, including wastewater treatment, produced water treatment, dairy processing, mining wastewater, and beverage clarification. Incorporated in 2015 and based in Calgary, Swirltex develops innovative membrane systems that utilize buoyancy to effectively separate solids and liquids. This unique approach allows for the treatment of water that may otherwise be deemed unusable, enhancing production efficiency while minimizing pollution. By manipulating the buoyancy of contaminants within the liquid stream, Swirltex's systems enable greater flow through a smaller surface area, reducing membrane fouling and resulting in significant cost savings for clients.
EnergyX Solutions
Non Equity Assistance in 2017
EnergyX Solutions Inc. is a technology company based in Toronto, Canada, specializing in energy management and conservation. Established in 2016, the company has developed a cloud-based energy management software platform that facilitates energy efficiency programs for utilities and energy retailers. Their online platform, "MyEnergyXpert," automates the energy audit process and engages customers by providing personalized recommendations through artificial intelligence. The platform helps identify potential energy savings, enroll customers, and track their progress in real-time, allowing program managers to monitor customer journeys and receive insights for future program design. By implementing its digitized energy efficiency solutions, EnergyX aims to significantly reduce global greenhouse gas emissions, promoting customized energy savings for homes and businesses.
Salient Energy
Non Equity Assistance in 2017
Salient Energy is commercializing a revolutionary new battery based on research at the University of Waterloo. Their zinc-ion battery is perfectly suited, both technically and economically, for storing electricity in the grid. The company's proprietary cathode materials store energy in zinc in a way that has never been commercialized before – Salient Energy has made unique cathode materials that can actually incorporate zinc in their crystal lattice instead of just reacting on the surface. This allows the batteries to have a relatively high energy density. It also allows the user to use of traditional battery designs that are compatible with standard manufacturing equipment. This means that the cheaper, safer, and the longer-lasting battery can be made in existing battery factories around the world.
Local Logic
Non Equity Assistance in 2017
Local Logic is a location intelligence platform based in Montreal, Quebec, that specializes in digitizing the built environment to provide actionable insights for consumers, investors, developers, and governments. By leveraging artificial intelligence and geospatial data, the platform quantifies lifestyle and location characteristics, offering predictive analytics that inform decision-making in the real estate sector. With access to over 75 billion data points, Local Logic supports clients in the $217 trillion real estate market across the US and Canada, providing tools for urban planning and project strategy. The company collaborates with various stakeholders, including commercial real estate, travel, and media firms, to enhance the planning and development of sustainable and equitable urban spaces.
ODS Medical
Non Equity Assistance in 2017
ODS Medical Inc. is a Montreal-based medical device company founded in 2015, specializing in the design and manufacture of innovative diagnostic tools for cancer detection. The company's flagship product is a Raman spectroscopy system that enables real-time detection of tissue abnormalities across various clinical settings. By combining advanced optical probes with sophisticated software powered by machine learning algorithms, ODS Medical aims to enhance physicians' decision-making capabilities, providing them with tools that offer high sensitivity, specificity, and accuracy. Through its commitment to developing groundbreaking medical technology, ODS Medical seeks to improve patient outcomes and support healthcare professionals in their diagnostic processes.
VizworX
Non Equity Assistance in 2017
VizworX Inc. is a custom software development company based in Calgary, Canada, founded in 2012. The company specializes in creating interactive visual solutions, utilizing technologies such as virtual reality, augmented reality, and mixed reality to enhance immersion and communication. VizworX offers a range of services, including artificial intelligence applications for facial recognition, data management, site security, and business optimization. Additionally, the firm provides data visualization services, as well as web and mobile application development, aimed at improving operational efficiency and supporting strategic planning for organizations. By leveraging leading-edge technology, VizworX helps clients engage with their data more effectively, facilitating informed decision-making and dynamic information exchanges.
Mangrove Water Technologies
Non Equity Assistance in 2017
Mangrove Water Technologies Ltd. specializes in the manufacture of wastewater desalination systems, focusing on the treatment and purification of contaminated well water. The company has developed a modular and mobile technology that converts saline wastewater and waste gases into desalinated water and valuable chemicals for on-site use. Founded in 2017 and headquartered in Vancouver, Canada, the company has advanced its technology from concept to commercial-scale demonstrations over four years. The technology originates from research conducted at the University of British Columbia's Chemical Engineering Department, supported by various funding agencies, including Emissions Reduction Alberta and the Natural Sciences and Engineering Research Council of Canada.
Luminari
Seed Round in 2017
Luminari is a career management platform for CPAs (Chartered Professional Accountants). We help make their lives easier and their careers progress faster by offering a unique suite of services to help them get ahead. From jobs, CPD/education, mentorship, events, volunteer roles & more, Luminari has helped thousands of Canadian CPAs take the next step in their career. Luminari is proudly partnered with Xero, CPA Ontario, CIBC, Farber Group, CBV (Certified Business Valuators), FEI Canada, Canadian IP Office & more organizations who are all striving to drive the accounting profession forward. Luminari was founded in 2016 by Michael Kravshik and Adam Bercovici.
Damon Motors
Convertible Note in 2017
Damon Motors Inc. is a technology company focused on revolutionizing motorcycle safety and urban mobility. Founded in 2017 and headquartered in Vancouver, Canada, with additional offices in San Rafael, California, the company develops advanced safety systems for motorcycles, including its 360º Advanced Warning System, which utilizes innovations in sensor fusion, robotics, and artificial intelligence to enhance rider awareness. Damon Motors is recognized for its groundbreaking electric powertrain, HyperDrive, and innovative features such as CoPilot and Shift, which appeal to a new generation of riders. By integrating cutting-edge technology into its designs, Damon is committed to setting new standards in motorcycle safety and sustainability, gaining rapid market acceptance both in the United States and internationally.
Elucid Labs
Seed Round in 2017
Elucid Labs Inc. is a MedTech company based in Waterloo, Canada, focused on the early detection and diagnosis of skin cancer through its innovative imaging technology. Founded in 2016, the company has developed a proprietary device that analyzes the molecular makeup of the skin at various layers, generating a unique fingerprint for each mole or lesion. This technology employs augmented intelligence to convert the fingerprint into clinical informatics, aiding dermatologists in making quicker and more informed decisions. By facilitating earlier detection of skin cancer, Elucid Labs' solution aims to reduce treatment costs and minimize the number of unnecessary biopsies performed annually.
Plurilock
Seed Round in 2017
Plurilock is an innovative, identity-centric cybersecurity company that reduces or eliminates the need for passwords, extra authentication steps, and cumbersome authentication devices. Plurilock’s software leverages state-of-the-art behavioral-biometric, environmental, and contextual technologies to provide invisible, adaptive, and risk-based authentication solutions with the lowest possible cost and complexity. Plurilock enables organizations to compute safely—and with peace of mind.
Ecoation Innovative Solutions
Seed Round in 2017
For greenhouse growers of high value crops, Ecoation Innovation Solutions provides the earliest possible detection of pests, diseases and deficiencies that affect crop value. We collect data on plant state directly from plant signals and predict crop health use proprietary AI software systems. Our system brings crop status to a Grower’s desktop or smart phone daily. With our system, Growers can take immediate actions that increase crop value, reduce operating costs and reduce pesticide use. Our made in Canada technology is available now with paid field trials underway in BC greenhouses.
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