The Creative Destruction Lab (CDL) is a seed-stage acceleration program founded in 2012 at the Rotman School of Management in Toronto, Canada. It is dedicated to supporting massively scalable, science- and technology-based ventures by providing a unique coaching process focused on specific objectives. CDL connects startups with experienced entrepreneurs and leading scientists across various sectors, including artificial intelligence, healthcare, quantum computing, blockchain, energy, and cleantech. The program has expanded its reach, operating in six cities: Vancouver, Calgary, Toronto, Montreal, Halifax, and New York City, and emphasizes the commercialization of scientific and technological advancements.
AWE Technologies develops wave-science-based, non-invasive sensors to characterize, measure, and manipulate objects and fluids. Active Wave Engineering (AWE) Technologies focuses on non-invasively identifying & characterizing fluids + materials as well as manipulating objects by specially adapting wave energies that intersect the spectrum from acoustics to electromagnetics for solving challenging technical problems.
Developer of volumetric video editing software designed to expand the boundaries of imagination and to fit artistic and production goals. The company's software offers a toolset for the production and adaptive streaming of volumetric video, enabling businesses to get interactive narrative experiences and technology for various virtual reality platforms.
Pathkeeper Surgical develops a medical device that enhances surgical accuracy in spine procedures through an advanced 3D camera system. This system provides real-time navigation by tracking the patient's spine and the surgeon's instruments independently, ensuring precise surgical guidance with sub-millimeter accuracy. Utilizing proprietary technology, the camera integrates images with pre-surgery CT scans, allowing continuous adjustment of the anatomical map to reflect both spinal movement and surgeon manipulation. By leveraging artificial intelligence, Pathkeeper Surgical aims to make navigation-guided surgeries accessible in any operating room, regardless of size, thereby improving outcomes for both patients and surgeons. The innovative solution offers a radiation-free approach to spine surgery, enhancing safety and effectiveness in the operating room.
Ki3 Photonics Technologies is an optical quantum technology that targets the generation and manipulation of non-classical photons, necessary for the development and commercial success of quantum technologies.
DeepSpin GmbH, founded in 2019 and headquartered in Berlin, Germany, specializes in the development of an innovative artificial intelligence (AI)-based magnetic resonance imaging (MRI) system. This next-generation imaging machine is designed to be significantly smaller, lighter, and more affordable than conventional MRI systems. By utilizing generative topological design for its hardware and deep learning algorithms for image processing, DeepSpin aims to enhance the accessibility of medical imaging, making it available to patients worldwide. The company's technology seeks to modernize medical imaging, providing a standard of care that can reach previously underserved medical domains.
Alpenglow Biosciences, based in Seattle, Washington, specializes in advanced imaging technology for biological research. The company manufactures flatbed scanners designed for tissue analysis, which generate rich 3D molecular datasets. Its flagship product is an open-top light-sheet microscopy system that allows for the 3D scanning of intact biological samples, enhancing the capabilities of pathologists and researchers. Founded in 2018, Alpenglow aims to modernize pathology and improve the understanding of complex biological processes through its innovative imaging solutions.
SpinDrive specializes in the development of advanced levitation technology, focusing on magnetic bearing systems that enhance energy efficiency while promoting oil-free solutions. Their innovative systems include magnetic bearing sensors that monitor shaft positioning and relay this information to a magnetic bearing controller. This technology allows clients to significantly improve system efficiency, reduce material consumption, and lower maintenance costs, making it a valuable solution for industries seeking sustainable and efficient operational practices.
3D BioFibR Inc. engages in biomaterial manufacturing services that produces biofibers such as spider silk, collagen, and chitosan. It provides services to global markets, which includes biomedical engineering, green textiles, defense, and aerospace engineering. It offers products for 3D tissue cultures and collagen tendons for biomedical research. The company was founded in 20202 and is based in Halifax, Canada.
Formalloy Technologies, Inc. is a manufacturer of directed energy deposition (DED) machines, specializing in the production, enhancement, and repair of metallic parts. Founded in 2019 and based in Spring Valley, California, the company utilizes advanced metal additive manufacturing technology to create near-net shape components. Formalloy's innovative laser metal deposition process offers a cost-effective alternative to traditional manufacturing methods, allowing for the efficient design, research, development, and integration of metallic parts. The company serves a diverse range of industries, including aerospace, defense, energy, automotive, and heavy industry, by providing solutions that minimize material waste and reduce production costs.
SynchroPET Inc. specializes in the development of innovative Positron Emission Tomography (PET) imaging systems for both medical research and clinical applications. Founded in 2013 and based in Stony Brook, New York, the company offers a range of products including PET/MRI systems for comprehensive preclinical research, a portable Mini-PET device for laboratory mobility, and the RatCAP, which allows for unobstructed animal movement during imaging. Additionally, the Wrist PET Detector is designed for non-invasive clinical use. SynchroPET's technologies aim to enhance diagnostic accuracy and treatment efficacy for diseases such as cancer, Alzheimer's, and Parkinson's by providing improved resolution and quantitative data, thus facilitating personalized medical treatments and accelerating research potential.
Developer of medical devices and other technology intended to treat joint injuries and diseases. The company's devices replace lost and damaged cartilage and encourage new tissue growth, enabling medical practitioners to access cost-effective and on-demand devices that improve outcomes in young and active patients with knee damage.
Iris Dynamics Ltd. is a Canadian technology startup based on Vancouver Island, specializing in innovative magnetic force-controlled actuator motors. This technology enhances the human-machine interface and has been implemented across various sectors, including aircraft controls, flight simulation, remotely piloted vehicles, heavy equipment, automotive, industrial automation, robotics, and semiconductor manufacturing. By offering improved performance, reliability, and cost-effectiveness compared to traditional technologies, Iris Dynamics is developing high-performance stabilization platforms for diverse client applications. The company also engages in advanced electromagnetic research at two prominent Canadian universities to further its technological capabilities. Iris Dynamics is actively seeking industry partnerships to expand the application and impact of its technology.
RockMass Technologies is revolutionizing structural mapping by developing a data collection tool made for geologists. The company creates data collection more efficient, accurate and safe for geologists in mining, exploration, civil engineering and education. At RockMass, our goal is to improve geological mapping in the mining, civil engineering, and exploration industries with our revolutionary mapping technologies.
Samp SAS is a software development company based in Paris, France, that specializes in creating Software as a Service (SaaS) solutions for the construction and modernization of facilities through 3D modeling. Founded in 2015, Samp offers two primary services: Digital Twin as a Service and As-Built automatic verification. The Digital Twin as a Service utilizes machine learning to aggregate 3D laser scans and technical data, producing an accurate 3D digital representation of a facility. This model serves as a comprehensive web portal for all stakeholders involved. The As-Built automatic verification service employs advanced algorithms to compare laser scans with existing 3D CAD models, identifying discrepancies that need attention. By streamlining the verification process, Samp's solutions significantly reduce the time engineers and site workers spend ensuring that the actual state of a facility aligns with its design specifications.
Cipher Skin is a patented form of biometric sensors that measure 3-dimensional movement while integrating numerous high-quality metrics like heart rate, respiratory rate, and quality and autonomic tone. These simultaneous set of metrics creates a 3D picture of how the body is moving, called the Digital Mirror.
Edgehog specializes in anti-reflection technology aimed at improving the viewing experience of electronic displays. The company has developed a scalable method for fabricating bio-inspired nanostructures directly onto the native glass or plastic surfaces of displays. This innovative approach achieves uniform anti-reflectivity across the visible spectrum, significantly reducing glare in various environments. By implementing this technology, Edgehog enhances the usability of devices such as smartphones and watches, allowing users to see displays clearly even in bright outdoor sunlight. Additionally, their solution decreases the display's brightness while preserving high contrast and extending battery life, thereby providing a more efficient viewing experience.
Most of the mixed reality (XR) content that exists today has been developed by teams of highly talented and technical individuals with experience using professional 3D engine or with a background in programming. The steep learning curve and difficulty of building XR has limited the amount of available content. StellarX powered by OVA is the best sandbox available for non-programmers to develop their own XR environments, and it enables them to build through simple drag-and-drop creation. Just like Minecraft enabled 70 million people to become 3D content creators, we think that there will be hundreds of millions of computer content creators and XR makes this incredibly accessible to people. Actually, StellarX is the path to fully accessible XR content creation for enterprise. Nowadays, the trend of more accessible tools continues, as does the amount of 3D data we are collecting. StellarX is making it easier than ever to leverage these assets. At OVA we have built over the past four years a world-class sandbox that helps 3D content creator to build easily virtual worlds. Further pushing this trend is the growth of mixed reality where 3D is a necessity. As we increasingly spend time in the digital world, our digital “stuff” will rival the importance of our physical “stuff”. Amazon is the destination for physical goods, but the destination for digital goods represents a substantial opportunity. This is why we think it's crucial to democratize the 3D content creation. Creating a mixed reality environment is a creative process that includes a lot of challenging steps including defining the interaction and logic, building the world with assets and animations, adding some avatars and, finally, testing the virtual world with real users. Moreover, at OVA we believe that machine learning can be used across the entire creation process. We are building the best artificial intelligence that works together with our sandbox users. It can co-create with them in the process of building virtual worlds, help creative problem solving by suggesting ideas and can take out all the non-creative work so our users can work on what’s important.
Developer of an imaging and medical platform designed to revolutionize the effective and non-invasive vitreoretinal treatments of various eye diseases. The company's platform leverages advanced imaging technology, embedded machine learning and laser technology to diagnose, plan, and treat diseased areas within the eye such as age-related macular degeneration, diabetic retinopathy, branch retinal vein occlusion, and glaucoma, enabling patients to reduce disease progression and receive effective treatment options get a cure for retinal diseases.
Dotphoton AG is a Swiss company that specializes in raw image compression software tailored for various sectors, including earth observation, life sciences, and aerial research. Established in 2017 and headquartered in Zug, Dotphoton develops innovative solutions such as Dotphoton CV, aimed at raw data users, and Dotphoton Core, designed for camera and optical system manufacturers. Their flagship product, Dotphoton Raw, is a desktop application that efficiently reduces raw file sizes while maintaining edits and file integrity. The company's technology leverages principles from quantum physics to achieve superior compression, allowing users to save significant storage space without compromising image quality. Dotphoton's offerings cater primarily to professional clients, providing not only software solutions but also intellectual property licensing, support, and certification services to ensure optimal handling of large volumes of images.
WEAV3D Inc. is a company based in Norcross, Georgia, that specializes in the development of composite forming technology. Founded in 2017, it commercializes a unique composite forming machine that integrates weaving and composite consolidation into an automated, continuous process. This innovative technology significantly reduces waste, cycle time, and material handling costs. By utilizing techniques such as continuous lamination, D-LFT compression molding, and injection molding, WEAV3D Inc. enables the fabrication of composite parts that can lower production costs by up to 75% compared to traditional carbon fiber composite methods. The company's technology was initially developed at the Georgia Institute of Technology, showcasing its roots in advanced research and innovation.
Developer of a mobile LiDAR scanning application designed to simplify and improve construction site documentation. The company's software allows users to scan job sites using the LiDAR in iPhone and automatically generate a digital copy of the environment that includes floor plans, measurements, virtual tours and more, that can easily be accessed over the web, preserve raw information, apply machine learning to automatically track progress, search the site and even automate safety inspections, enabling clients to generate floor plans, height maps, point clouds and deliver augmented and virtual reality content.
MindTrace
Non Equity Assistance in 2020
MindTrace is a medical software company that develops personalized 3D brain maps to guide neurosurgeries. The company pairs 3D brain maps with machine learning algorithms to simulate surgical resection plans and allow surgeons to predict their patient’s cognitive outcome – all before the first incision, enabling surgeons to remove as many brain tumors as possible without damaging the nearby healthy tissue. It is supported by the Creative Destruction Lab.
Gibli Tech, founded in 2019 and based in Halifax, Canada, specializes in developing aerodynamic sensors designed to enhance athletic performance. The company focuses on providing real-time feedback for cyclists and triathletes, allowing them to validate equipment and position changes effectively. By optimizing aerodynamics, Gibli's sensors enable athletes to achieve immediate improvements without the need for additional equipment or extensive training time. This innovative approach offers athletes crucial insights during training and racing, helping them optimize their riding position and achieve significant efficiency gains.
Developer of minimally invasive intervention technologies intended to provide a diagnosis of cardiovascular disease. The company's platform leverages a team of scientists, clinicians, and engineers to design tools that improve image-guided procedures for cardiovascular diseases, enabling doctors to perform these interventions with greater precision and potentially reducing risks and complications for patients.
Click Materials Corp., now known as Miru Smart Technologies, is a Vancouver-based company specializing in advanced materials and innovative thin film production. Founded in 2011, the company focuses on manufacturing films that enhance energy efficiency, particularly through products like electrochromic windows, which can switch between clear and opaque states using electricity. This technology is designed for smart home applications and aims to lower power consumption. With a foundation in over a decade of academic and industrial research, Miru Smart Technologies is advancing its fabrication processes and establishing strategic partnerships across residential, commercial, and automotive sectors to optimize performance while reducing manufacturing costs.
Imeka Solutions Inc. is a Canadian company specializing in medical image processing services, particularly in the field of brain imaging. Founded in 2011 and based in Sherbrooke, the company provides a range of advanced imaging techniques including diffusion tensor imaging, tractography, free water imaging, and fiber bundling. Imeka's platform leverages high-resolution MRI and deep learning algorithms to assist researchers and healthcare professionals, including neurologists and pharmaceutical companies, in quantifying and understanding brain connectivity and white matter. The technology also offers insights into neuroinflammation, demyelination, and axonal loss, supporting both clinical and research applications in neuroscience.
Fathom is a company that specializes in creating hologram-like 3D experiences using standard printing technology. Founded in 2014 and based in Boston, Massachusetts, Fathom enables users to produce 3D images by printing specific patterns on clear film, which allows the 3D object to extend significantly beyond the film's thickness. This innovative approach leverages readily available printers, inks, and media, making it accessible for a variety of applications.
Nanogrande offers a disruptive technology for the 4.0 industrial revolution high definition manufacturing with its services, devices and powders. Our devices offer a wide range of freedom in design, as well as a broad variety in the materials that can be used. Our patented process allows the production of particle layers as thin as one nanometre, creating 3D objects with unprecedented definition. This way, we developed the world first nanoscale 3D printer! The multiple material capacity extends to size, shape and nature, which is currently impossible by other competing technologies. We therefore can work with metals, polymers and ceramics. These unique technological feats open us the door to manufacturing solutions that can claim a fair part of the fast-growing multibillion-dollar market of Metal injection moulding (MIM), precision metal casting, as well as passive components for Microelectromechanical systems (MEMS). We are bridging nanotechnology and additive manufacturing.
LlamaZOO Interactive, based in Victoria, BC, Canada, specializes in transforming complex data into immersive three-dimensional visualizations. The company's platform integrates real-time 3D technology, commonly found in the gaming industry, to help organizations visualize their data within its real-world context. By enabling users to view and interact with data as 3D models, LlamaZOO facilitates a deeper understanding of information and enhances decision-making processes. Its use of augmented and virtual reality not only provides centralized oversight of real-time data but also creates engaging communication tools that allow stakeholders to derive meaningful insights and take decisive action.
Voyager Space Technologies, Inc. specializes in the development of satellite design software aimed at automating the spacecraft design process. Founded in 2017 and based in San Diego, California, the company offers an intelligent platform that integrates analyses, tracks requirements, and facilitates collaboration among engineers. Its flagship product, SatBuilder, assists in identifying commercially available components that meet specific software, electrical, mechanical, and reliability standards for satellite missions. By streamlining the design process, Voyager Space Technologies aims to reduce both the time and cost associated with developing new satellites, ultimately enabling engineers to meet stringent mission parameters efficiently.
Developer of a portable neuroimaging system designed to track and predict recovery of movement function during the rehabilitation of hemiparesis. The company's systems utilize a proprietary optical imaging system, assessment software, and data analytics to measure neural biomarkers and aid neurological rehabilitation, enabling therapists to make sustainable treatment decisions.
Ondaka, founded in 2017 and based in Palo Alto, California, specializes in creating interactive, high-resolution 3D visualizations for the oil and gas sector, as well as heavy equipment industries. The company has developed a platform designed to provide facilities engineers and project stakeholders with enhanced visual understanding and contextualized data. This platform allows clients in heavy industry and critical infrastructure to access essential information quickly and efficiently. By focusing on intensely visual data management tools, Ondaka enables its customers to save man-hours and improve safety in their operations.
Click Materials Corp., now known as Miru Smart Technologies, is a Vancouver-based company specializing in advanced materials and innovative thin film production. Founded in 2011, the company focuses on manufacturing films that enhance energy efficiency, particularly through products like electrochromic windows, which can switch between clear and opaque states using electricity. This technology is designed for smart home applications and aims to lower power consumption. With a foundation in over a decade of academic and industrial research, Miru Smart Technologies is advancing its fabrication processes and establishing strategic partnerships across residential, commercial, and automotive sectors to optimize performance while reducing manufacturing costs.
FZ Engineering is a 3D printing company that specializes in developing processing systems aimed at integrating 3D-printed metal and polymer components into various industries. The company focuses on enhancing surface quality and dimensional accuracy, which allows clients to optimize their supply chains. By providing advanced post-processing solutions, FZ Engineering enables industries to effectively utilize 3D printing technology according to their specific requirements.
Ideon Technologies Inc. develops bore-hole detectors for mineral exploration and monitoring applications. The company also develops a discovery platform, which integrates detectors, imaging systems, inversion technologies, and artificial intelligence for the detection of subsurface muons. It provides x-ray-like imaging, geophysical surveys, and three dimensional (3D) density maps. The company serves mining, oil and gas, infrastructure, and security industries. Ideon Technologies Inc. was formerly known as CRM GeoTomography Technologies, Inc. and changed its name to Ideon Technologies Inc. in May 2020. The company was incorporated in 2011 and is headquartered in Richmond, Canada.
RockMass Technologies is revolutionizing structural mapping by developing a data collection tool made for geologists. The company creates data collection more efficient, accurate and safe for geologists in mining, exploration, civil engineering and education. At RockMass, our goal is to improve geological mapping in the mining, civil engineering, and exploration industries with our revolutionary mapping technologies.
Faurecia IRYStec Inc., based in Montreal, Canada, specializes in perceptual display technology solutions for the automotive industry. Founded in 2015, the company develops a customizable software platform known as PDP Vision, which integrates seamlessly into various automotive display systems, including instrument clusters and head-up displays. Their product offerings include IRYStec DRIVEvue, which enhances display visibility under bright lighting conditions, and IRYStec MYvue, a viewer intelligence solution that optimizes content presentation for individual users. By leveraging advanced algorithms, Faurecia IRYStec's technology adapts display characteristics in real-time, ensuring a safe and efficient viewing experience. In May 2020, the company rebranded from IRYSTEC to Faurecia IRYStec Inc. and now operates as a subsidiary of Faurecia S.E.
Boxcat is a pioneering quantum startup that specializes in hybrid rendering and image processing. The company has developed a platform that leverages quantum-based technology to enhance image and video processing capabilities. By integrating quantum computing with traditional digital imaging engines, Boxcat aims to optimize rendering processes, allowing for faster and more efficient performance while minimizing computational resource usage. This innovative approach is designed to transform strategies within industries that rely heavily on visual content, positioning Boxcat at the forefront of advancements in quantum computing applications for image processing.
Brizi Inc. specializes in remote-control augmented reality camera systems designed to automate and monetize fan-generated content. Founded in 2014 and based in Toronto, Canada, the company provides a platform that allows fans at various venues, including stadiums and arenas, to control cameras and capture live moments during events. By enabling real-time sharing and social engagement, Brizi enhances the spectator experience and offers new sponsorship opportunities. The company has established partnerships with prominent organizations, such as Canon U.S.A., and its technology is utilized across various sports and landmark locations, facilitating the collection of valuable user data while creating memorable group experiences.
Audible Reality Inc. is an immersive audio software company based in Montreal, Canada, that specializes in artificial intelligence (AI)-driven three-dimensional (3D) audio solutions. Founded in 2015, the company aims to revolutionize sound by replacing traditional stereo formats with dynamic, immersive audio experiences that adapt to individual users, content, and devices. Their technology processes sound through multiple channels, enhancing the listening experience for streaming, mobile, and consumer device markets. Audible Reality also develops the Audible Reality Player, a device that utilizes their proprietary software to deliver customized audio solutions tailored to the needs of next-generation audio consumers and creators.
VizworX Inc. is a custom software development company based in Calgary, Canada, established in 2012. The firm specializes in creating tailored interactive visual solutions, including virtual reality, augmented reality, and mixed reality applications that enhance immersion and communication. VizworX also offers artificial intelligence services, focusing on facial recognition, data management, site security, and business optimization. Their expertise extends to data visualization, web and mobile application development, and the creation of dynamic information exchanges that facilitate better engagement with data. By leveraging advanced technology, VizworX aims to improve operational efficiencies, enhance team communication, and support informed decision-making for organizations across various sectors.
Developer of a social storytelling platform intended to combine machine learning and artificial intelligence for the creation of animated movies. The company's platform offers fully customizable, AR/VR-enabled, crowd-created, machine learning-assembled animated movies that showcase highly visual and humorous cabin-in-the-woods style animations on web and mobile applications, enabling movie creators to explore, transform, and share interactive animated movies.
Interaptix is an augmented reality company based in Toronto, Canada, founded in 2013. The company focuses on developing and building technologies that facilitate the mass adoption of augmented reality. Through its innovative solutions, Interaptix aims to enhance user experiences and integrate augmented reality into various applications and industries.
OTI Lumionics Inc. is a Toronto-based company founded in 2011, specializing in the development of organic light emitting diode (OLED) lighting solutions for various applications. The company focuses on innovative products, including transparent displays, under panel sensors, and under display cameras. Among its notable offerings is the aerelight A1 OLED Lamp, which integrates a LED desk lamp design with a wireless charger. OTI Lumionics utilizes advanced technologies such as HaloTorr and ElektroTorr to enhance its product capabilities. The company was established by a team of accomplished researchers and engineers from the University of Toronto's Department of Materials Science & Engineering, aiming to unlock the full potential of OLED technology.
NVBOTS specializes in automated 3D printing solutions that address complex industrial challenges. Their innovative technology allows for the printing of multiple metals in a single build, including stainless steel, titanium, and aluminum, among others. This capability is complemented by ultra-high-speed printing, which is over ten times faster than traditional methods, providing significant cost advantages. The company’s flagship product, the NVPro™, is a comprehensive 3D printing solution that features patented automated part removal, functioning as an automated factory in a box. It operates continuously and can be accessed from any device through a cloud-based interface, allowing users to print parts at their convenience while maintaining full control over the workflow. NVBOTS' commitment to disruptive innovation is further demonstrated through their research and development program, NVLABS, which focuses on advancing their 3D printing technology.
North, formerly known as Thalmic Labs, is a technology company based in Kitchener, Canada, focused on developing innovative eyewear that integrates digital information into daily life. Founded in 2012, North employs over 400 professionals across four offices in North America, including engineers, designers, and futurists. The company's flagship product is a pair of smart glasses that provide heads-up access to digital notifications, allowing users to engage with their digital lives without the need to constantly check their phones. Features such as customizable replies, emojis, and snooze delays enhance the user experience by offering discreet and manageable access to information. North aims to create technologies that seamlessly blend with everyday activities, emphasizing the harmonious relationship between people and technology.
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