Innovacorp is an early-stage venture capital firm based in Halifax, Canada, dedicated to supporting knowledge-based startups in Nova Scotia. Established in 1995, Innovacorp focuses on helping entrepreneurs commercialize their technologies for the global market. The firm combines venture capital investment with business mentoring and offers incubation facilities to foster the growth of early-stage companies. Through its comprehensive approach, Innovacorp aims to enhance the entrepreneurial ecosystem in the region.
400 - 1871 Hollis Street Halifax, Nova Scotia B3J 0C3
Robert Burns
Venture Capital Investment Manager
Andrew Ray
Managing Director
Jon Saari
Founding Member and Investment Manager
Past deals in Grant
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.
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.
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.
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.
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.
Ubiquity Health
Grant in 2022
Ubiquity Health is a SaaS business aimed a claims management.
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.
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.
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.
Axtion Independence
Grant in 2022
Axtion Independence is a mobility aid for fall prevention and recovery.
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.
NeoCare
Grant in 2022
NeoCare detects illnesses like anaemia, jaundice, and hypoxia in neonates without invasive testing or pain.
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.
Galaxia
Grant in 2022
Galaxia is a space systems company specializing in the manufacturing of cloud and artificial intelligence-based computing systems for satellites. The company develops advanced hardware and software-defined satellite technology aimed at enhancing space computation. Its focus is on designing intelligent satellites and edge compute platforms that support space-based mission services. Galaxia offers clients customized, pay-per-use access to real-time data and comprehensive system capabilities, enabling effective detection and identification of vessels on the ocean surface. By leveraging innovative technologies, Galaxia aims to optimize satellite performance and provide valuable insights for various applications in the aerospace sector.
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.
Gaia Refinery
Grant in 2022
Gaia Refinery focuses on innovative energy refining solutions aimed at addressing climate change by removing carbon dioxide from the atmosphere. The company has developed a wind-driven methane-capture technology that produces rocket-grade natural gas, contributing to a more sustainable energy landscape. In addition, Gaia's Biomass Carbon Removal and Direct Air Capture technologies efficiently extract carbon dioxide from the air and store it securely in various environments, such as underground, in oceans, soil, and forests. This dual approach not only aids in reducing atmospheric carbon but also promotes the restoration of Earth's ecological balance, offering cost-effective refining services that align with environmental sustainability goals.
Scient Analytics
Grant in 2022
Scient Analytics provides simplified data analytics tools that standardise the collection and processing of visual data.
Symbi Medical
Grant in 2021
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.
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.
Plasma Agricultural Solutions
Grant in 2020
Plasma Agricultural Solutions develops treatments that improve seed health and quality.
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.
Design by Science
Grant in 2020
Design by Science is sustainable materials and machines for the 3D printing of large objects and structures.
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.
Symbi Medical
Grant in 2020
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.
Garden manager
Grant in 2020
Garden manager is a software to help grow food in urban environments and on small-scale farms.
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.
myFlock
Grant in 2020
myFlock is a provider of flock management services aimed at enhancing the efficiency of poultry farming while lowering production costs. The company offers solutions that address risks and operational inefficiencies within the poultry supply chain. Through automated reporting, smart alarm monitoring, and trend analysis, myFlock enables farmers and poultry owners to effectively manage their flocks. This integration of technology helps streamline various aspects of farm operations, ultimately improving productivity in the poultry industry.
Prospre Nutrition
Grant in 2020
Prospre Nutrition is a nutrition app with the goal of making nutrition-focused meal planning easy.
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.
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.
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.
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.
BlueNode
Grant in 2019
BlueNode specializes in data cleansing, integration, analysis, and sharing specifically for marine container ports. The company offers a centralized software platform that simplifies the management of diverse data sources used for operational and business development needs in the maritime sector. By focusing on the sanitation and analysis of supply chain data, BlueNode helps clients enhance their operational efficiency and effectiveness, ultimately reducing complexity and costs associated with managing data assets.
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.
ReelData AI
Grant in 2019
ReelData AI specializes in developing artificial intelligence software tailored for the aquaculture industry. Based in Halifax, Canada, the company offers advanced monitoring solutions for fish farms, utilizing feed cameras to measure key metrics such as biomass, sea lice presence, and overall fish health in real-time. This technology enables fish farms to optimize their operations by providing crucial insights into weight distributions, feeding patterns, and growth analysis. By improving the efficiency of feed usage and enhancing fish health, ReelData AI aims to support aquaculture businesses in maximizing their productivity and sustainability. The company was established in 2019.
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.
Nexus Robotics
Grant in 2018
Nexus Robotics is an agricultural solutions company focused on enhancing vegetable production through robotics and artificial intelligence. The company's flagship product is an autonomous weeding robot designed to efficiently extract the roots of weeds while minimizing herbicide use. This technology not only distinguishes between crops and weeds but also provides farmers with diagnostic data on crop health, allowing for more informed agricultural decisions. By employing a lower volume of herbicides compared to traditional methods, Nexus Robotics aims to help farmers manage their fields more economically and sustainably.
Ashored Innovations
Grant in 2017
Ashored focuses on developing technologies that promote sustainability in ocean harvest industries. The company is introducing an innovative underwater buoy release system designed for trap fishing, which allows fishers to deploy ropes and buoys on the ocean floor until they are needed. This system significantly reduces the risks of entanglement with marine life and minimizes the loss or damage of fishing gear. By utilizing machine learning, sonar, and geo-tracking, Ashored's solution enables the collection of vital data and the efficient location of lost traps. This approach not only helps prevent gear conflict and reduces ocean waste but also allows for sustainable fishing practices in protected or restricted areas, contributing to the preservation of at-risk marine habitats.
Volta Labs
Grant in 2017
Volta Labs, co-founded by Jevon MacDonald, focuses on fostering a vibrant startup ecosystem in Halifax by prioritizing a founder-first philosophy. Rather than functioning as a traditional accelerator, Volta positions itself as a hub for mentorship and community support, aiming to cultivate world-class founders who can establish successful companies. The organization seeks to nurture new startups and bolster the growth of existing ones while creating supportive frameworks and enhancing the overall brand of the Atlantic startup community. Currently, Volta is home to 13 companies, including TitanFile, FundMetric, and IntroHive, which benefit from the collaborative environment and resources provided. Volta Labs is supported by notable partners, including Omers and Deloitte, reinforcing its commitment to advancing entrepreneurship in the region.
Spring Loaded
Grant in 2014
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.
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