Innovacorp is an early-stage venture capital firm that helps knowledge-based startups commercialize their technologies in the global marketplace. It invests in early stage Nova Scotia entrepreneurs, combining venture capital with business mentoring and incubation facilities. Innovacorp was established in 1995 and based in Halifax, Canada.
400 - 1871 Hollis Street Halifax, Nova Scotia B3J 0C3
Robert Burns
Venture Capital Investment Manager
Lidija Marusic
Investment Manager, Life Sciences
Andrew Ray
Managing Director
Jon Saari
Founding Member and Investment Manager
Malcolm Fraser
President and CEO
219 past transactions
Bright Breaks
Seed Round in 2022
Bright Breaks offers a workplace wellness solution to boost employee wellness, connection, and productivity with 7-minute live micro-breaks. Bright Breaks' wellness platform is designed to provide users with maximum benefits while requiring the least amount of effort. It only takes a few minutes per day to reduce stress and improve well-being.
Planetary
Pre Seed Round in 2022
Planetary Hydrogen is focused on producing clean hydrogen while also addressing climate change through innovative carbon removal technology that enhances ocean alkalinity. The company develops systems that purify alkaline rock waste generated by mining, extracting alkalinity from this material and introducing it into the ocean. This process not only accelerates the natural carbon cycle but also helps rebalance ocean chemistry. Planetary Hydrogen has set an ambitious goal to remove one billion tonnes of carbon dioxide from the atmosphere by 2035, contributing to global efforts to combat climate change.
Gaia Refinery
Grant in 2022
Gaia is developing wind-driven methane-capture technology to produce rocket-grade natural gas.
Voltai
Grant in 2022
Voltai specializes in harvesting energy from oceanic motion to support marine industries in minimizing their dependence on fossil fuels and stored energy. The company manufactures energy generators that capture energy from the movement of water, which not only provides an alternative energy source but also reduces the maintenance costs associated with vessels and offshore installations. By absorbing shocks and vibrations that can lead to material fatigue, Voltai's technology enhances the longevity of marine equipment, ultimately aiding industries in lowering fuel consumption and decreasing emissions.
Ubiquity Health
Grant in 2022
Ubiquity Health is a SaaS business aimed a claims management.
Material Futures Lab
Grant in 2022
Material Futures is a chemical company that specializes in transforming micro-organisms into miniature dye factories. By leveraging these innovative biological processes, the company produces masterbatches, paints, coatings, and textile dyes. This approach not only provides clients with access to eco-friendly dye solutions but also aims to significantly reduce industrial water pollution associated with traditional dyeing methods. Through its sustainable practices, Material Futures addresses environmental concerns while offering effective alternatives for various industries.
Scient Analytics
Grant in 2022
Scient Analytics provides simplified data analytics tools that standardise the collection and processing of visual data.
NeoCare
Grant in 2022
NeoCare detects illnesses like anaemia, jaundice, and hypoxia in neonates without invasive testing or pain.
Pocket Finance
Grant in 2022
Pocket Finance is a dual-interface FinTech platform designed to connect financial professionals with consumers, enhancing advisor-client engagement and simplifying financial processes. The platform features a consumer-facing mobile app alongside a web portal for financial advisors, facilitating easier access to financial planning resources and products. It aims to improve financial literacy among small investors by providing real-time actionable information and enabling the generation of automated reports. This approach not only streamlines data collection and communication in the advisor-client relationship but also empowers consumers to seek instant advice on various financial matters.
Atlantic Institute for Resilience (AIR)
Grant in 2022
AIR’s coaching, education and training programs build resilience, helping people to recover more quickly and effectively.
ZeroIN
Grant in 2022
ZeroIN is a food-tech company focused on developing innovative sugar reduction technologies. It produces natural sweeteners aimed at counteracting the negative effects of excessive sugar consumption. The company's flagship product, Sweet Fiber, is designed as a scalable and cost-effective sugar substitute, appealing to consumers seeking healthier alternatives. ZeroIN's offerings include drop-in replacements derived from natural sources, which cater to the needs of the food, beverage, and pharmaceutical industries, providing healthier options for sugar substitutes.
Galaxia
Grant in 2022
Galaxia is a space system company that manufactures cloud and AI-based computing systems for satellites.
Rising Tide BioAcoustics
Grant in 2022
Rising Tide BioAcoustics specializes in underwater acoustic solutions aimed at enhancing the marine environment. The company offers environmentally friendly methods for deterring, guiding, and attracting fish and marine mammals, as well as controlling and eradicating invasive species. Its services include improving the efficiency of commercial fishing operations while reducing bycatch, implementing noise cancellation systems for commercial vessels, and addressing the ecological challenges associated with power generation, waterway management, and aquaculture. Through these innovative acoustic technologies, Rising Tide BioAcoustics seeks to reduce the environmental impact and operational costs of various maritime activities.
Axtion Independence
Grant in 2022
Axtion Independence is a mobility aid for fall prevention and recovery.
Liven Proteins
Grant in 2022
Liven creates plant-based foods' maximum potential in terms of flavor, texture, and cooking experience by creating animal-free protein ingredients. The company generates protein ingredients to meet functional requirements for plant-based food formulations, such as the ideal gelling strength, anticipated property changes during cooking, and desired emulsification properties. Liven's goal is to make the food industry more sustainable by enabling the circular economy.
OVERGantt
Grant in 2022
OVERGantt incorporates tried-and-true techniques with a special Project Flow Diagram that combines the top elements of whiteboards, Gantt charts, network diagrams, and Kanban.
Sideline Learning
Grant in 2022
Sideline Learning is a compliance-tracking platform that allows organizations to verify, educate, and certify their members in one central location.
Hollo Medical
Grant in 2022
Hollo Medical is a company focused on developing innovative spacers for asthma inhalers, addressing the challenges faced by inhaler users, particularly children. The device is designed to be more efficient than existing valved holding chambers while being compact enough to fit easily into a child's pocket. By streamlining the design and regulatory approval process, Hollo Medical aims to provide an effective solution that alleviates the difficulties associated with chronic respiratory diseases, thereby enhancing the user experience and improving health outcomes.
Formula Consulting
Grant in 2022
Formula Consulting specializes in developing software aimed at enhancing the efficiency and cost-effectiveness of civil construction projects. By providing innovative digital solutions, the company addresses common challenges associated with formwork, significantly improving the speed and accuracy of estimates and designs. Their software ensures compliance with industry standards, allowing construction professionals to prioritize both safety and constructability. Through these offerings, Formula Consulting seeks to transform the landscape of heavy civil construction by streamlining processes and reducing overall project expenses.
Freshr Technologies
Venture Round in 2022
Freshr Technologies specializes in developing compostable active packaging materials aimed at extending the shelf life of fresh foods, with a focus on fresh fish as its initial market. These innovative materials are crafted from naturally derived resources, designed to maintain the texture and moisture of fish while targeting harmful bacteria. This approach not only helps fish processing companies minimize waste but also addresses the growing need for sustainable packaging solutions, reducing reliance on traditional plastics. By combining sustainability with functionality, Freshr Technologies aims to contribute to a reduction in food waste while promoting environmentally friendly practices in the food industry.
Proposify
Venture Round in 2021
Proposify reduces friction in your proposal workflow making it easier for your sales reps to quickly create professional-looking proposals that impress prospects and close deals. Create on-brand templates that sales reps can reuse so they don’t need to reinvent the wheel for every deal. Store all your approved proposal content in one location so snapping together a proposal takes minutes, not hours. Our Salesforce integration lets your rep create proposals, contracts, and agreements right in the CRM, and keep their data in sync. Impress prospects with a buyer experience that includes interactive pricing, videos, and live chat. Client viewing metrics let you know the moment a prospect opens the proposal, which sections they view and for how long, and - most importantly - the second they (e)sign on the dotted line. You may not actually be a mind reader, but with Proposify, you'll feel like one. Plus get faster sign-off and make it easier for prospects to buy with our legally binding electronic signature tool and order forms. We’ve revolutionized the proposal process so your reps can spend less time on manual tasks and more time doing what they do best: selling. But Proposify doesn't just save time; with assignable roles, permissions, and workspaces, you can manage the access each sales rep has. From the kind of content they can use and editing the design, all the way through to sending a proposal, you'll have full brand control and peace of mind without bottlenecking the process. Finally, a solution that makes both Sales AND Marketing happy. If you're ready to give your sales team the competitive edge, visit our website or book a demo at https://www.proposify.com.
Oneka Technologies
Seed Round in 2021
Oneka Technologies Inc. is a Canadian company specializing in the manufacture of wave-powered desalination systems that convert ocean water into potable water. Founded in 2015 and headquartered in Sherbrooke, Canada, with a testing site in Port St. Lucie, Florida, Oneka addresses the challenges of traditional desalination, which is often costly, inefficient, and environmentally harmful. By harnessing wave energy, Oneka's technology offers a sustainable and affordable solution to water scarcity, producing fresh water with zero greenhouse gas emissions and minimal land use. This innovative approach significantly reduces water costs—by up to 75%—for coastal communities and private islands, while delivering a low-maintenance and eco-friendly alternative in the growing desalination market.
Renderator™
Pre Seed Round in 2021
Renderatours™| The most elegant Virtual Tour Platform for Real Estate new Developments, able to help users to enjoy the experience of exploring properties that are not built yet. For developers, this creates awareness around their projects and the opportunity to generate leads through our On-tour Inquiry System™. Our SuitesFlow™ | We digitalize existing and future buildings to fill them up faster and better. SuitesFlow™ provides an interactive digital version of multi properties buildings that allow users to gather critical information about available properties in one screen. All our applications provide data & analytics that are vital for developers to better understand their market.
Trelent
Pre Seed Round in 2021
Trelent is a company focused on enhancing the productivity of software developers by utilizing natural language processing. It has developed a platform that offers source code documentation software, specifically designed to assist in writing docstrings and various forms of external documentation. By leveraging advanced artificial intelligence and deep learning models, Trelent's technology can analyze uploaded source code and automatically generate documentation. This innovative approach enables clients to efficiently maintain and update documentation for their backend source code, ultimately supporting the growing community of software developers.
QRA
Seed Round in 2021
QRA specializes in providing software solutions that enhance the quality and clarity of engineering requirements for global organizations. Their primary tool, QVscribe, integrates with MS Word to help teams identify risks, errors, and ambiguities during the early stages of the development process. By doing so, QRA enables engineers to verify designs and requirements before they lead to costly late-stage rework or recalls. The company's focus is on streamlining the creation of complex systems, ultimately reducing testing costs and time while improving overall project efficiency and effectiveness.
Audioptics Medical
Seed Round in 2021
Audioptics Medical is a medical imaging technology company focused on advancing hearing diagnostics. It develops optical coherence tomography systems that allow for detailed examination of ear anatomy and associated diseases. The company’s endoscopes can visualize structures behind the eardrum and measure their vibrations in response to sound. This capability enables healthcare professionals to diagnose hearing loss effectively, plan surgical interventions, and provide patients with informed treatment options. Through its innovations, Audioptics Medical aims to enhance diagnostic precision and certainty within the field of otolaryngology.
Cotex Technologies
Seed Round in 2021
Cotex Technologies is an agtech company specializing in the manufacturing of fertilizer and seed coatings. The company focuses on developing low-cost, controlled-release polymer-coated fertilizers using a proprietary coating technology that applies delayed-release biodegradable coatings to fertilizer pellets through a high-speed continuous process. This innovative approach aims to enhance farm productivity while minimizing the environmental impact of fertilizers. Cotex Technologies is committed to providing growers worldwide with effective and affordable tools to improve agricultural outcomes.
Oneka Technologies
Grant in 2021
Oneka Technologies Inc. is a Canadian company specializing in the manufacture of wave-powered desalination systems that convert ocean water into potable water. Founded in 2015 and headquartered in Sherbrooke, Canada, with a testing site in Port St. Lucie, Florida, Oneka addresses the challenges of traditional desalination, which is often costly, inefficient, and environmentally harmful. By harnessing wave energy, Oneka's technology offers a sustainable and affordable solution to water scarcity, producing fresh water with zero greenhouse gas emissions and minimal land use. This innovative approach significantly reduces water costs—by up to 75%—for coastal communities and private islands, while delivering a low-maintenance and eco-friendly alternative in the growing desalination market.
BlueLight Analytics
Venture Round in 2021
BlueLight Analytics is a data-driven platform that combines science, technology, and education to optimize all your restorative dental procedures. Their science and product teams use customer feedback and original research to continuously find new ways to support dental businesses.
Reazent
Seed Round in 2021
Reazent is an agricultural technology company that develops safe and natural products for agricultural applications. Reazent is on a mission to replace synthetic agrochemicals with more economically viable, sustainable, and safer solutions.
Granville Biomedical
Pre Seed Round in 2020
Granville Biomedical is a health technology company focused on creating anatomical models that improve healthcare training and patient education. The company specializes in designing innovative simulations and medical devices, particularly in the field of women's health. Its products provide hands-on learning opportunities for private practitioners and sexual health educators, allowing them to accurately rehearse and demonstrate various procedures and products. In addition to its anatomical models, Granville Biomedical has developed a biocompatible Nasopharyngeal (NP) swab for nasal specimen collection, showcasing its commitment to advancing healthcare through extensive research and development in mechanical, simulation, and biological testing.
MICC Financial
Pre Seed Round in 2020
MICC Financial is a platform that helps groups of people save money, access capital, and build credit. MICC allows you to set up your group objectives and meet your targets together.
Plasma Agricultural Solutions
Grant in 2020
Plasma Agricultural Solutions develops treatments that improve seed health and quality.
3D BioFibR
Seed Round in 2020
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.
Prosaris
Grant in 2020
Prosaris is a company that specializes in leak detection services, primarily focused on identifying and quantifying leaks in compressed air systems. It has developed a directional ultrasonic leak detector that integrates with tablets and smartphones, enhancing the user experience. The company's technology employs smartphone-integrated ultrasonic sensors combined with cloud-based software to facilitate leak detection, analysis, and reporting. This innovative approach allows industrial facilities to effectively manage leaks, ultimately leading to reduced energy consumption and minimized environmental impact. Prosaris also offers custom industry solutions tailored to meet specific client needs.
Mabel Systems
Grant in 2020
Mabel Systems specializes in inventory tracking and traceability solutions specifically for the seafood industry. The company offers a platform that allows businesses to shift from traditional paper-based processes to digital tools, facilitating easier management of inventory. By providing comprehensive tracking capabilities, Mabel Systems enables operators to monitor seafood from its source in the ocean all the way to the consumer. This transition to digital solutions enhances operational efficiency and ensures better oversight throughout the supply chain.
Garden manager
Grant in 2020
Garden manager is a software to help grow food in urban environments and on small-scale farms.
Design by Science
Grant in 2020
Design by Science is sustainable materials and machines for the 3D printing of large objects and structures.
myFlock
Grant in 2020
myFlock make the working lifestyle on and around todays poultry farm easier and more efficient, while simultaneously reducing the cost to produce their goods.
Marecomms
Grant in 2020
Marecomms specializes in developing underwater acoustic communication systems that facilitate wireless communication over extensive distances. The company's technology enhances data throughput in both shallow and deep water environments by utilizing advanced cellular communication, signal transmission, and processing techniques. This innovative approach not only reduces total power consumption compared to industry standards for similar distances but also enables clients to effectively gather data in ocean settings. Additionally, Marecomms' systems play a crucial role in applications such as mine detection and pipeline exploration, making them valuable assets in marine operations.
Prospre Nutrition
Grant in 2020
Prospre Nutrition is a nutrition app with the goal of making nutrition-focused meal planning easy.
KorrAI
Pre Seed Round in 2020
KorrAI is focused on addressing climate change by enhancing the resilience of critical infrastructure through innovative technology. The company has developed a satellite-based ground motion monitoring platform that detects changes in the Earth's surface, such as subsidence. By utilizing satellite data, the Internet of Things (IoT), and artificial intelligence, KorrAI provides accurate risk assessments and millimeter-scale movement tracking. This information enables clients to make informed decisions regarding the engineering and maintenance of vital structures, including bridges, dams, and highways. Through its integration of advanced technologies and data analytics, KorrAI aims to support the creation of more resilient infrastructure in the face of environmental challenges.
Proposify
Venture Round in 2020
Proposify reduces friction in your proposal workflow making it easier for your sales reps to quickly create professional-looking proposals that impress prospects and close deals. Create on-brand templates that sales reps can reuse so they don’t need to reinvent the wheel for every deal. Store all your approved proposal content in one location so snapping together a proposal takes minutes, not hours. Our Salesforce integration lets your rep create proposals, contracts, and agreements right in the CRM, and keep their data in sync. Impress prospects with a buyer experience that includes interactive pricing, videos, and live chat. Client viewing metrics let you know the moment a prospect opens the proposal, which sections they view and for how long, and - most importantly - the second they (e)sign on the dotted line. You may not actually be a mind reader, but with Proposify, you'll feel like one. Plus get faster sign-off and make it easier for prospects to buy with our legally binding electronic signature tool and order forms. We’ve revolutionized the proposal process so your reps can spend less time on manual tasks and more time doing what they do best: selling. But Proposify doesn't just save time; with assignable roles, permissions, and workspaces, you can manage the access each sales rep has. From the kind of content they can use and editing the design, all the way through to sending a proposal, you'll have full brand control and peace of mind without bottlenecking the process. Finally, a solution that makes both Sales AND Marketing happy. If you're ready to give your sales team the competitive edge, visit our website or book a demo at https://www.proposify.com.
Vendura Wellness
Grant in 2020
Habit Forming Technologies is building JackHabbit, an app that uses machine learning and gamification to nudge users into behaviors aimed at improving their physical and mental health. It will offer real-world rewards and in-app payoffs to encourage university students, among others, to cultivate beneficial habits, such as sleeping more and healthier eating.
Kute Lab
Grant in 2020
Kute Lab is creating a two-sided platform; one side offers a mobile application to users that simplifies cosmetics ingredients (A chemist in your pocket) and on the other side provides market assessment to beauty manufactures.
SmartMed
Grant in 2020
SmartMed mission is to design and implement smart, customizable, and user-friendly software solutions that save time, and empower users to efficiently manage the information they need so they can focus on the quality of the process.
VMOpro
Grant in 2020
VMOpro is a remote physiotherapy solution that enables patients to self-manage their injuries and conditions at home. The platform combines smart PhysioBalls that communicate with a mobile app and is monitored by physiotherapists through a clinical dashboard.
FoodByte
Venture Round in 2020
FoodByte Inc. is a software company based in Wolfville, Canada, established in 2017. It specializes in developing tools that assist food processors in generating and managing food safety plans. Its key products include Traceability+, which facilitates product recalls, lot code tracking, and inventory management, and Standards+, which helps food processors and consultants create and oversee work plans. The platform aims to automate food safety processes for small teams, eliminating the reliance on paper-based documentation and enabling users to upload standard operating procedures, including HACCP plans. By linking these procedures to relevant monitoring forms, FoodByte allows food manufacturers to prioritize production and growth while ensuring compliance with safety and regulatory standards.
TotaliQ
Seed Round in 2020
TotaliQ developed a platform that lets companies tap and share the expertise of their staff members. It solves a problem common to many companies: they employ people with a vast range of expertise, but it’s difficult for all employees to access that knowledge.
Safa
Venture Round in 2020
Safa is a technology company that uses AI to reduce employment-related risks for employers and insurers while simultaneously improving the lives of employees. It means purity, clarity, serenity, lucidity, fineness, and fairness. They help people who are interested in innovating in areas that benefit society.
SiMBi
Venture Round in 2020
Simbi students fall in love with reading. They are the only reading platform that motivates students to read by giving back to their global community.
Snap Accounts Payable Company
Venture Round in 2020
SnapAP offers a connected Financial Operations Platform, streamlining Procure AP to Vendors AR data with embedded payments. The all in one, simple to use, no code integration platform provides visibility to financial, procurement, AP and vendors as well as complete control of accounts, ledgers and payments for any type of organization with any level of complexity.
Bloxo
Non Equity Assistance in 2020
Bloxo is a social marketplace that offers on-demand recreational sports opportunities tailored to individuals' interests and skill levels. The platform connects users with local recreational games, allowing them to participate at their convenience without the constraints of long-term commitments or strict schedules. By facilitating easy access to various sports activities, Bloxo enhances the recreational experience for users looking to engage in physical activities while fostering community interaction.
Bursity
Pre Seed Round in 2019
Bursity is working on a web platform that will assist post-secondary students in paying their tuition by locating and applying for financial awards in a few simple steps.
Sparrow Acoustics
Pre Seed Round in 2019
Sparrow Acoustics is an online source that provides diagnostic information and structural condition of the heart and lungs.
Bloxo
Pre Seed Round in 2019
Bloxo is a social marketplace that offers on-demand recreational sports opportunities tailored to individuals' interests and skill levels. The platform connects users with local recreational games, allowing them to participate at their convenience without the constraints of long-term commitments or strict schedules. By facilitating easy access to various sports activities, Bloxo enhances the recreational experience for users looking to engage in physical activities while fostering community interaction.
RIDDL
Seed Round in 2019
RIDDL operates a cloud-based platform designed to manage and measure impact investments for organizations focused on social good. Utilizing artificial intelligence, RIDDL provides investors with essential data to inform their investment decisions across various causes, including health, poverty, education, climate change, and gender equity. The platform offers tools for impact management and measurement, enabling companies to track, analyze, and share their social and environmental impact data effectively. By facilitating transparent calculations and providing supporting datasets, RIDDL helps organizations quantify their returns and enhance their contributions to meaningful causes.
Garden manager
Pre Seed Round in 2019
Garden manager is a software to help grow food in urban environments and on small-scale farms.
Novalte
Non Equity Assistance in 2019
Novalte is an assistive technology company focused on enhancing accessibility for individuals with mobility challenges. It develops devices that allow users to independently control electronic smart devices in their homes, simplifying the user experience and eliminating the complexities often associated with high-tech solutions. By providing managed services, Novalte aims to empower individuals to overcome barriers to independent living, thereby improving their quality of life.
ReelData AI
Pre Seed Round in 2019
ReelData provides a suite of artificial intelligence and automation products that allow land-based fish farms to increase production volumes while decreasing risk and wasted resources. It also provides reliable, accurate monitoring, analysis, and optimized automation working with each farm 1-on-1 to increase operational efficiency, save costs, grow fish faster, and reduce risks.
My Intelligent Machines
Seed Round in 2019
My Intelligent Machines (MIMs) is a Montreal-based company specializing in artificial intelligence and systems biology. It offers biopharmaceutical companies interactive augmented intelligence systems that facilitate accurate biological simulations during the early stages of drug development. These systems assist life scientists in creating precisely targeted and personalized therapies. MIMs also develops software designed for efficient and personalized medicine and agricultural systems, packaged as a software-as-a-service solution. Its offerings support patient stratification and the selection of therapeutic targets and biomarkers, which are essential for advancing personalized therapies. The company emphasizes open and explainable AI and data integration, enabling life-science organizations to leverage their big data and artificial intelligence capabilities to enhance food and drug production.
TablePlus
Venture Round in 2019
TablePlus makes database management easier, faster & more efficient. TablePlus provides native tool with simple UI that allows you to simultaneously manage multiple DB such as MySQL, Postgres, SQL Server, SQLite, Microsoft SQL Server and more.
Salient Energy
Seed Round in 2019
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.
BlueGrid
Venture Round in 2019
BlueGrid specializes in vessel-to-grid technology that facilitates the electrification of marine vessels. The company focuses on optimizing both environmental and economic outcomes by providing real-time intelligence to enhance the operation of electric boats. This technology allows vessels to efficiently utilize power while also enabling them to send excess energy back to the grid when needed, ensuring that operations remain uninterrupted. Additionally, BlueGrid offers a data services platform that assists marine vessels and utilities in planning and executing a seamless transition to this technology, promoting effective collaboration for charging, vessel-to-grid operations, and carbon credit management.
Proteoform Scientific
Seed Round in 2019
Proteoform empowers researchers with new technology to simplify protein sample preparation in both top-down and bottom-up proteomics. The Company’s first commercialized product, the ProTrap XG, is a disposable two-stage cartridge that delivers fast, reproducible, and robust results with unmatched protein purity of 99.8%, recovery greater than 95%, and workflow simplicity. It was founded in 2018 and is headquartered in Halifax, Nova Scotia.
Nxtgen Care
Venture Round in 2019
Nxtgen Care is a healthcare intelligence platform focused on enhancing the operations of senior living facilities. The company's software provides a single sign-on solution that enables care operators to monitor and measure performance across various care groups and communities. Key features include staff performance tracking, physical activity monitoring, incident management, nurse call integration, and visitor management. By facilitating connections among managers, staff, residents, and their families, Nxtgen Care aims to create a comprehensive community of care that reduces costs while improving the quality of care for seniors.
Carbide
Pre Seed Round in 2019
Carbide, formerly known as Securicy, makes enterprise-class security and privacy accessible to fast-growing companies. Unlike “checkbox-style” compliance solutions, our information security/privacy management platform enables customers to create, promote, and prove their commitment to security no matter which security framework or privacy regulation they wish to comply with.
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.
Spring Loaded
Venture Round in 2019
Spring Loaded Technology Inc. designs and manufactures innovative bionic knee braces aimed at enhancing mobility and reducing pain for various users. The company's flagship product, the Levitation knee brace, is the first compact device of its kind that improves leg muscle power output, making it beneficial for athletes and individuals with knee injuries or mobility impairments. The product line includes specialized models such as the UpShot tactical knee brace, designed to prevent injuries during intense activities, and the Levitation Ski knee brace, which helps reduce muscle fatigue and joint pain for skiers. These braces cater to a wide range of activities, including weight lifting, running, cycling, and various skilled trades, supporting those with conditions like osteoarthritis and knee injuries. Established in 2012 in Dartmouth, Canada, Spring Loaded sells its products online, focusing on enhancing performance and restoring mobility for its users.
Saccade Analytics
Venture Round in 2019
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.
Densitas
Venture Round in 2019
Densitas Inc. is a Canadian company that specializes in developing advanced breast imaging analytics technologies for healthcare systems and radiology departments. Founded in 2011, Densitas offers a web-based analytics platform known as densitasenterprise, which includes several components: densitasdensity for assessing breast tissue density according to the ACR BI-RADS scale, densitasquality for evaluating image quality, and densitasrisk for providing breast cancer risk assessments. These solutions leverage artificial intelligence to deliver on-demand insights that facilitate risk-based patient management, enabling healthcare administrators to monitor clinical and operational performance metrics. The platform is designed to integrate with existing workflows, utilizing standard DICOM images to support both point-of-care and retrospective analysis of mammograms. Densitas aims to enhance diagnostic accuracy and improve patient outcomes in breast cancer screening.
Optina Diagnostics
Seed Round in 2019
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.
Thorasys
Venture Round in 2019
Thorasys Thoracic Medical Systems Inc. is a Montreal-based company specializing in respiratory medical devices. The company focuses on developing innovative pulmonary diagnostic technologies aimed at diagnosing and monitoring lung diseases, including asthma and chronic obstructive pulmonary disease. Utilizing a forced oscillation technique, Thorasys provides equipment that enables healthcare professionals to measure lung capacity across diverse patient populations. This technology facilitates early detection of lung diseases, enhancing the ability to monitor respiratory health effectively.
Spinologics
Venture Round in 2019
Spinologics Inc, founded in 2010 and headquartered in Montréal, Canada, specializes in the development and manufacturing of innovative spinal care products. The company offers a range of devices, including Scolioscreen, which enables the use of smartphones to screen for spinal deformities, and the Scolioscreen APP, designed to measure trunk rotation angles. Additionally, Spinologics produces Cervision, a tool that helps maintain patients' shoulders and arms during procedures, ultimately reducing surgery time and providing x-rays of the cervical spine. The company also operates a Biomechanics Numerical Lab, which focuses on the design of medical devices and provides consulting services in biomechanics. Spinologics aims to address unmet clinical needs by leveraging its expertise in spine-related technologies to enhance surgical techniques and improve patient outcomes.
Side Door
Seed Round in 2019
Side Door is an online platform that facilitates the booking of live performances by connecting artists and hosts, enabling shows to be held in various locations. The platform provides tools for booking, ticketing, audience management, and revenue sharing, allowing artists to organize events on their own terms. By streamlining the show-booking process with user-friendly digital tools, Side Door aims to create a more inclusive and equitable ecosystem for live performances, making them accessible to a broader audience. The company is focused on fostering connections between performers and hosts, thus supporting a diverse range of artistic expressions and experiences.
BlueNode
Grant in 2019
BlueNode provides data cleansing, analysis, auditing, and sharing for marine container ports. Marine container ports consume many different data sources for operational and business development purposes.
Invisible Agents
Grant in 2019
Invisible Agents, incorporated in 2018 and based in Halifax, Canada, provides tailored solutions for non-profits and churches to enhance their fundraising efforts. The company leverages machine learning and data analytics to bridge the gap between data collection and effective fundraising strategies. By simplifying the application of advanced technology, Invisible Agents enables organizations to utilize data-driven insights, improving their ability to raise funds. This innovative approach addresses the evolving challenges faced by non-profits, shifting the focus from budget constraints to the effective use of technology and expertise in fundraising initiatives.
Symbi Medical
Grant in 2019
Symbi Medical is a digital health company that focuses on enhancing patient management through its procedural care navigation platform. Serving clients across Canada and the United States, the platform is designed to assist patients both before and after medical procedures. It is fully compliant with PHIPA and HIPAA regulations, ensuring the protection of patient data, and integrates seamlessly with electronic medical record (EMR) systems. This allows Symbi to facilitate thousands of patient interactions and provide personalized care journeys at scale. The company’s team includes medical advisors from reputable institutions such as the University of Michigan, St. Michael's Hospital, and Nova Scotia Health. In March 2021, Symbi Medical was acquired by Blue Charm Adherence.
ReelData AI
Grant in 2019
ReelData provides a suite of artificial intelligence and automation products that allow land-based fish farms to increase production volumes while decreasing risk and wasted resources. It also provides reliable, accurate monitoring, analysis, and optimized automation working with each farm 1-on-1 to increase operational efficiency, save costs, grow fish faster, and reduce risks.
ReelData AI
Seed Round in 2019
ReelData provides a suite of artificial intelligence and automation products that allow land-based fish farms to increase production volumes while decreasing risk and wasted resources. It also provides reliable, accurate monitoring, analysis, and optimized automation working with each farm 1-on-1 to increase operational efficiency, save costs, grow fish faster, and reduce risks.
Solid State Pharma
Debt Financing in 2019
Solid State Pharma Inc. specializes in crystallization engineering services aimed at enhancing the solid-state properties of pharmaceutical drug candidates. The company offers a range of services, including the screening and selection of polymorphs, co-crystals, and salts, as well as the development and optimization of crystallization processes. By focusing on these areas, Solid State Pharma assists pharmaceutical companies in improving the bioavailability of their products, thereby potentially reducing the required oral daily dosage and minimizing associated side effects.
Global Spatial Technology Solutions (GSTS)
Seed Round in 2019
Global Spatial Technology Solutions provides worldwide maritime monitoring and oceanographic coverage. The company also provide maritime vessel management and maritime risk management.
Bright Breaks
Pre Seed Round in 2019
Bright Breaks offers a workplace wellness solution to boost employee wellness, connection, and productivity with 7-minute live micro-breaks. Bright Breaks' wellness platform is designed to provide users with maximum benefits while requiring the least amount of effort. It only takes a few minutes per day to reduce stress and improve well-being.
NovaResp Technologies
Pre Seed Round in 2019
NovaResp Technologies offers artificial intelligence and personalized therapy to obstructive sleep apnea patients. They use medical technology to predict and prevent obstructive sleep apnea. They provide cMAP technology, which can be installed on any positive airway pressure machine and is primarily used to predict and prevent respiratory events.
BlueLight Analytics
Series A in 2018
BlueLight Analytics is a data-driven platform that combines science, technology, and education to optimize all your restorative dental procedures. Their science and product teams use customer feedback and original research to continuously find new ways to support dental businesses.
Marecomms
Pre Seed Round in 2018
Marecomms specializes in developing underwater acoustic communication systems that facilitate wireless communication over extensive distances. The company's technology enhances data throughput in both shallow and deep water environments by utilizing advanced cellular communication, signal transmission, and processing techniques. This innovative approach not only reduces total power consumption compared to industry standards for similar distances but also enables clients to effectively gather data in ocean settings. Additionally, Marecomms' systems play a crucial role in applications such as mine detection and pipeline exploration, making them valuable assets in marine operations.
The Lobster Trap Company
Pre Seed Round in 2018
The Lobster Trap Company specializes in manufacturing durable lobster traps designed to withstand the harsh conditions of the Atlantic Ocean. By focusing on quality and sustainability, the company enhances the efficiency of lobster fishing gear, which not only extends the lifespan of the traps but also lowers maintenance costs and minimizes repair time during the off-season. This commitment to improving fishing equipment supports the sustainability of local lobster stocks, ensuring that customers can fish responsibly while maintaining their operations effectively.
Sedna Technologies
Pre Seed Round in 2018
Sedna Technologies specializes in enhancing the seafood supply chain by providing a comprehensive traceability platform. This platform improves efficiency, transparency, and sustainability by offering services such as real-time condition monitoring, water quality assessment, and cold chain logistics. Additionally, it facilitates automated traceability and manages essential purchases like bait and fuel. By integrating an IoT platform, Sedna Technologies enables the development of predictive analytical models, which assist in inventory management, sales tracking, and back-office operations. The company's suite of products and services aims to support suppliers and distributors in promoting sustainable practices while ensuring compliance with industry regulations.
Eadie Technologies
Pre Seed Round in 2018
Eadie Technologies Inc. specializes in the development of advanced ophthalmic diagnostic devices aimed at enhancing the efficiency and effectiveness of eye testing. Founded by Dr. Brennan Eadie, an ophthalmologist with expertise in glaucoma, and his father, Frank Eadie, a seasoned lawyer and entrepreneur, the company is committed to creating innovative solutions that surpass existing standards in patient care. Their flagship product is a head-mounted visual field testing device designed to provide accurate and reliable assessments, facilitating improved diagnosis and treatment of glaucoma. Currently, Eadie Technologies is in the prototype development phase, working diligently to bring their vision to fruition.
Marimetrics
Pre Seed Round in 2018
Marimetrics Technologies specializes in providing data-driven solutions to promote sustainability in the marine environment. The company develops advanced trace gas analyzers that measure chemical compounds in oceanic settings, catering to various sectors including oil and gas, maritime industries, aquaculture, and scientific research. Their technology enables precise monitoring of gas concentrations in seawater, facilitating applications such as resource surveying, leak detection in subsea infrastructure, quality assessment of produced water, and environmental forensics. By delivering high sensitivity observations of both bulk and trace constituents, Marimetrics supports industry leaders in making informed decisions that benefit both their operations and the marine ecosystem.
B-Line
Venture Round in 2018
B-Line is an all-in-one smart building platform that leverages AI and IoT technologies to centralize property management into a single pane of glass. It automates access control, energy management, amenity booking, and space optimization, offering a comprehensive solution for asset managers and operators of all building types. By seamlessly integrating with existing building systems, B-Line's AI platform positioning optimizes your assets to your occupants' unique needs and enables your organization to perform at its highest level. Products and Services - Building access control and interior positioning system - Capacity monitoring, and emergency alert platform - Predictive analytics and outbreak assessment tool - Indoor air quality monitoring and remediation - Mobile meeting and room booking - Real-time spatial usage and optimization - Parking and transportation demand management - Automated reporting for green building certification
RetailDeep
Seed Round in 2018
RetailDeep is a facial recognition platform to identify and deliver personalized insights as customers walk into the store, saving retailers the cost and time to integrate facial recognition data with CRM/POS data, making it a scalable turn-key solution that can be set up in minutes.
BoomersPlus
Venture Round in 2018
We connect boomers and experienced professionals with opportunities (from part-time to full-time work to volunteer and advisory roles) that fit their lifestyle, and we reduce the time-to-hire and cost-to-hire for employers looking to tap into experience.
CarbonCure
Corporate Round in 2018
CarbonCure Technologies Inc. offers innovative technology that allows concrete producers to sequester waste carbon dioxide (CO2) into their products, effectively transforming it into a solid mineral during the concrete manufacturing process. By sourcing CO2 from industrial emitters, the company enables manufacturers to create greener and stronger concrete without compromising on quality or price. This retrofit technology not only enhances the performance characteristics of traditional concrete but also helps producers tap into the growing green building market. CarbonCure's solutions are designed to provide material, environmental, and production advantages while reducing the overall carbon footprint associated with concrete production. The company, incorporated in 2007 and headquartered in Dartmouth, Canada, also supports its clients with marketing and environmental reporting services to strengthen their competitive position in the industry.
Aqualitas
Venture Round in 2018
Aqualitas Inc. is a Canadian company specializing in the production and sale of medical cannabis products. Established in 2014 and located in Bedford, Nova Scotia, Aqualitas utilizes an innovative aquaponics growing platform that emphasizes the importance of water quality in its cultivation process. This method combines aquaculture and hydroponics to create a sustainable and efficient growing environment. The company is committed to delivering high-quality cannabis by adhering to rigorous testing standards, ensuring that its products are safe, pure, and consistent. Aqualitas is dedicated to advancing the science of cannabis cultivation while maintaining a strong focus on client satisfaction.
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