Creative Destruction Lab

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.

Malcolm Fraser

Associate

Dennis Kavelman

Founding Partner

Anthony Lacavera

Founding Partner

Past deals in Alberta

Rehabtronics

Non Equity Assistance in 2021
Rehabtronics is a technology development firm that focuses on solutions for physical rehab.

Summit Nanotech

Seed Round in 2020
Summit Nanotech Corporation is a business-to-business company based in Calgary, Canada, founded in 2018. It specializes in nanotechnology to develop innovative solutions for lithium extraction, aiming to optimize operations for lithium producers while minimizing environmental impact. The company's patented extraction technology is designed to deliver economically competitive, battery-grade lithium, addressing the industry's demand for sustainable practices. By focusing on modular commercial systems, Summit Nanotech seeks to upscale and commercialize its advanced concepts in lithium extraction, positioning itself as a leader in the energy development sector.

4pi Lab

Non Equity Assistance in 2020
4pi Lab is developing an early wildfire detection, geolocation, and monitoring end-to-end data solution to reduce impacts of catastrophic wildfires by using satellites to intelligently report very small fires, enabling customers to take data-driven action within minutes.

Path Therapeutics, Inc.

Non Equity Assistance in 2020
Path Therapeutics, Inc. develops a novel neurometabolic, phenotypic drug discovery platform that lifts the hood of the cell and identifies novel targets to jump-start stalled drug discovery programs. The company through its phenotypic-screening technology screen repurposed libraries for which the molecular target is well-characterized to enable reverse identification of druggable proteins. The platform enables drug discovery across CNS disorders, including epilepsy, autism, and aging. Path Therapeutics, Inc. was incorporated in 2013 and is based in Calgary, Canada.

Bidali

Non Equity Assistance in 2020
Bidali is a payment platform that helps small and large companies accept next-generation payments and grow their business. They also offer developer-friendly APIs and e-commerce plugins to easily integrate digital currency payments in your app or website. Their mobile wallet platform is the simplest and most secure way to receive, send, and hold a cryptocurrency.

Carbonova

Pre Seed Round in 2020
Developer of a technology-based platform designed to enhance performance via sustainable and economic carbon nanofibers. The company's platform has developed a proprietary chemical process technology to convert carbon dioxide and waste heat from power plants into high-strength carbon fiber, enabling industries to use greenhouse gas feedstocks annually and turning them into sustainable and valuable solid commodities.

EnviCore

Grant in 2020
EnviCore is a growing R&D company offering innovative and sustainable wastewater treatment solutions. EnviCore's developed technologies have the potential to introduce a step-change in the holistic approach of the mining tailings treatment. Providing a low cost and environmentally friendly alternative, coupled with the superior performance and efficiency, which can change the adverse narrative associated with mining waste and its environmental impact and help mining operators achieve new resource developments more responsibly.

Provision Analytics

Grant in 2020
Provision Analytics creates practical and precise software for food processors and manufacturers. Its software package automates food safety processes, greatly reducing time spent on data input and recall procedures; this data links granular process data with production results, generating analytics that reduces food loss and quality deviations.

Copperstone Technologies

Pre Seed Round in 2020
Copperstone helps large mining companies manage liabilities and safety costs associated with their tailings ponds. We do this by building a specialty field robot called HELIX that can access their tailing ponds in a way never before possible. HELIX brings sensors or sampling payloads to a tailings pond, keeping people out of harms way, reducing costs and improving efficiencies for our clients.

Convrg

Non Equity Assistance in 2020
Convrg is a company focused on providing remote power generation services aimed at enhancing environmental sustainability in the Canadian upstream oil and gas sector. By developing innovative power generation and air compression packages, Convrg eliminates methane venting and complies with stringent methane regulations. Their technology offers an efficient solution for power and instrument air, which helps operators reduce both capital and operating costs. Through its services, Convrg addresses the challenges faced by businesses in remote locations while promoting a more sustainable approach to energy generation.

DrugBank

Non Equity Assistance in 2020
DrugBank is a comprehensive online database that contains information on drugs and drug targets. They organize, collect, and curate all the important information about drugs into a single unified resource. It also combines detailed drug such as pharmacological, pharmaceutical, and chemical data with the comprehensive drug target sequence, structure, and pathway information. DrugBank is widely used by the drug industry, medicinal chemists, pharmacists, physicians, students, and the general public. It was founded in 2015 and is headquartered in Edmonton, AB, USA.

Smart Access

Convertible Note in 2019
Smart Access Inc. designs and develops knowledge based system software for workforce in store or at the warehouse. The company offers software services including onboarding, user management, content management, mobile experience builder, integrated applications, and operational intelligence. The company was founded in 2015 and is headquartered in Edmonton, Alberta, Canada.

G2V Optics

Seed Round in 2019
G2V's founding mission is to develop and commercialize technology that will enable food production for a growing population while significantly reducing fresh water and land use. We do this by improving yield, quality, and operating costs for commercial growers by providing efficient 'engineered sunlight'​. Our advanced technology provides greenhouses, vertical farms, and home growers with multi-zone lighting and plant monitoring, allowing a grower to keep tabs on their entire crop. We are obsessed with using new technology to make a difference and continue to develop some of the most dynamic and innovative new products for the horticulture market.

CleanO2

Non Equity Assistance in 2019
CleanO2 Carbon Capture Technologies is set to change the heating industry. In 2007, the founders of CleanO2 CCT began developing technology that would have a positive impact in the industry. Now, 9 years later, the company have deployed the residential carbon capture device in Alberta, Canada and have expanded the technology on a global scale. The company has developed an aggregated commercial carbon capture device called CARBiNX, a sleek, carbon munching addition to businesses. Reducing energy demands through heat recovery and using the carbon capture process to create a valuable by-product. CleanO2 Carbon Capture Technologies was founded on 2013 and is headquartered in Calgary, Alberta, Canada.

Fluid Biomed Inc.

Non Equity Assistance in 2019
Fluid Biomed Inc., based in Calgary, Canada, focuses on developing advanced medical devices, specifically implantable vascular stents. These innovative stents are designed to gently divert blood flow away from brain aneurysms, facilitating the healing process. Founded in 2012, the company is dedicated to enhancing patient well-being and improving overall health outcomes through its pioneering technology.

Wyvern

Non Equity Assistance in 2019
Wyvern Incorporated manufactures hyperspectral satellites. The company was founded in 2018 and is based in Edmonton, Canada.

Eavor

Seed Round in 2019
Eavor Technologies Inc. is a geothermal technology company based in Calgary, Canada, founded in 2017. It focuses on creating a clean and reliable energy future through its innovative Eavor-Loop™ system, which extracts heat from deep within the Earth for commercial heating and electricity generation. This system employs advanced drilling techniques and integrates existing commercial components in a novel configuration, allowing for scalable and steady green power production. Eavor's technology circulates a benign working fluid in a closed loop, isolating it from the environment while harvesting heat from geologically accessible rock temperatures. The company also operates the Eavor-Lite™ Demonstration Project as a prototype for its technology suite, addressing challenges traditionally associated with geothermal energy.

GeologicAI

Grant in 2018
EnerSoft Inc. develops and offers real optimization software that automates well placement and scenario planning directly in petrel. was founded in 2013 and is headquartered in Calgary, Canada.

Synthiam

Non Equity Assistance in 2018
Synthiam is an industry-defining robot software development and technology distribution platform for everyone, regardless of previous software programming experience. Our customers include R&D PoC, DIY, enterprise businesses, manufacturers, and educational institutions. Synthiam's platform focuses on the democratization and distribution of technologies to be effortlessly added to robots. It is our mission to democratize robotics by making robot programming easy and accessible to anyone with an idea. Synthiam's software products give the power of easy robot programming tools to the hands of everyone; paving the way for a safer and healthier future of robot products.

True Angle

Pre Seed Round in 2018
At True Angle, we want to help people break perceived barriers, feel great, and find joy in the life they are living. For people who have lost the ability to eat because of a swallowing disorder, the Mobili-T is the first mobile device that they will actually be able to take home with them so that they can complete their exercises wherever and whenever they like, all through an engaging app that provides feedback on how hard and how long their muscles are contracting, and how close they are to meeting the specific targets set for them by our “smart” software. True Angle Medical Technologies is an Alberta-based privately held corporation located in Edmonton, Alberta, Canada.

Systolik Digital Health

Non Equity Assistance in 2017
Systolik Digital Health is a medical device manufacturer providing solutions for cardiologists.

Orpyx Medical Technologies

Non Equity Assistance in 2017
Orpyx Medical Technologies Inc. specializes in the development of mobility sensor devices aimed at diabetic patients. The company's flagship product, the Orpyx SI sensory insoles, utilizes advanced sensor technology to monitor pressure, temperature, and movement, thereby aiding in the management and prevention of diabetic foot ulcers and limb loss. In addition to the insoles, Orpyx offers Kinetyx, a mobile in-shoe pressure management system that collects clinical plantar pressure data for applications in sports medicine, therapeutic interventions, and footwear design. Another product, SurroGait Rx, is designed to enhance mobility and balance for multiple sclerosis patients suffering from loss of protective sensation in their feet. Founded in 2010 and headquartered in Calgary, Canada, Orpyx Medical Technologies is committed to empowering individuals with diabetes to maintain their mobility while promoting a prevention-focused healthcare approach.

EZ-Robot

Non Equity Assistance in 2017
EZ-Robot Inc. is a Canadian company founded in 2011, specializing in an integrated robotics and IoT platform designed to facilitate learning in technology and robotics. The company targets a wide audience, ranging from middle school students to industry professionals, offering educational tools that support STEAM (Science, Technology, Engineering, Arts, and Mathematics) concepts. By using robotics as a means to impart practical knowledge, EZ-Robot aims to inspire lifelong learning and problem-solving skills. The company's focus is on providing creative and accessible content that enhances the educational experience, encouraging students to engage with technology through innovative applications.

TikTiks

Non Equity Assistance in 2017
TikTiks operates a fan-to-fan secondary ticket marketplace designed to enhance the buying and selling experience for ticket holders. The platform aggregates tickets from trusted season ticket holders, local businesses, and reputable ticket brokers, allowing users to transact safely on mobile devices. With a focus on no-fee ticketing and mobile-only distribution, TikTiks facilitates direct transactions between fans. The team behind TikTiks has extensive experience in ticketing technology and is currently developing a blockchain-enabled system aimed at ensuring secure and transparent transactions across various market segments, including B2B, B2C, and P2P. The recently launched Smartiks platform further empowers venues, promoters, and entertainers by capturing value and data from after-sale transactions, ensuring that all stakeholders benefit from dynamic ticket pricing.

Carbon Upcycling

Non Equity Assistance in 2017
Carbon Upcycling Technologies (“CUT”) was formed to use the pollution of today to build the materials of tomorrow by converting CO2 gas into solid products. CUT sells advanced solid products derived from greenhouse emissions and cheaply available solids. Since 2014, CUT has scaled its ability to capture CO2 emissions from point sources, such as power plants, by over a million times and has technically validated the performance of its end products in over 10 different industrial markets. Through its portfolio of CO2-derived solid nanoparticles, CUT has technically validated its solutions for use in the plastics, coatings, epoxy, adhesives, concrete, lithium-ion battery, and pharmaceutical industries. CUT commercialized a corrosion-resistant coating, utilizing its nanoparticles, in 2017, becoming the youngest CO2 utilization company to generate commercial revenue (<2.5 years since inception) and has since been confirmed as one of the top CO2 utilization companies in the world as one of the 10 Carbon X-Prize Finalists. CUT has been named as a Solar Impulse Efficient Solution label recipient, a funding recipient of Fundación Repsol Entrepreneurs Fund, and a winner of the 2019 76West Clean Technology Competition.

SensorUp

Non Equity Assistance in 2017
SensorUp Inc. is a Calgary-based company established in 2011 that specializes in developing and operating an Internet of Things (IoT) platform. The company provides solutions for sensor data, analytics, and mapping through a unified API, enabling the interconnection of IoT devices, data, and applications over the web. The SensorUp IoT Software Platform facilitates integration with the SensorUp Cloud, allowing devices to communicate with one another and with third-party web applications. Among its offerings is the Smart Cities Starter Kit, designed for air quality monitoring. SensorUp aims to empower users by enabling intelligent automation and enhancing safety and productivity in various sectors.

Unsist

Non Equity Assistance in 2017
Unsist is a predictive analytics company creating technology for the oil & gas industry that never stops. It is composed of a team of international scientists and engineers, part of the NextAI Program, a global innovation hub for artificial intelligence. The program is partnered with Next Canada, Google Canada, IBM Canada, and NVIDIA to leverage Canada's leadership position in artificial intelligence.

Zept

Non Equity Assistance in 2017
Zept's mission is to help international students get into the best schools possible. They have indexed all of the Canadian university and college programs. All you have to do is enter your high school grades and what you want to study and they will recommend the schools that are a good match.

Swirltex

Non Equity Assistance in 2017
Swirltex Inc. specializes in the design and supply of custom wastewater treatment systems for various applications, including wastewater treatment, produced water treatment, dairy processing, mining wastewater, and beverage clarification. Founded in 2015 and located in Calgary, Canada, Swirltex utilizes a patented membrane technology that separates solids and liquids based on buoyancy. This innovative approach enables the treatment of water that would otherwise be deemed unusable, allowing for enhanced production while minimizing environmental pollution. By effectively manipulating the buoyancy of different contaminants, Swirltex provides efficient solutions for complex water treatment challenges.

Terrapin Geothermics

Non Equity Assistance in 2017
Terrapin specializes exclusively in finding and utilizing heat to drive profitability. In an era of volatile commodity prices, punitive carbon taxes and economic pressures on all sides, Terrapin deploys technology and expertise to turn heat into value for our clients and partners. The company does this by mapping available waste heat, matching that with optimal cutting edge technology and building strong financial models to make for slam-dunk investment decisions.

Interface Fluidics

Non Equity Assistance in 2017
Interface Fluidics is an international technology company that specializes in reservoir fluid analysis services. Utilizing a proprietary nanofluidic technology platform, the company provides advanced solutions that help organizations gain deeper insights into their reservoirs. This technology enhances the understanding of reservoir characteristics, enabling clients to make more informed and confident production decisions. Through its innovative approach, Interface Fluidics aims to improve the efficiency and effectiveness of reservoir management in the energy sector.

Vivametrica

Non Equity Assistance in 2017
Vivametrica analyzes data from wearable sensor devices for the assessment of health and wellness. Vivametrica’s device agnostic platform delivers a standardized approach to data collection and management, bridging the gap between wearable fitness applications and actionable data for consumers, enterprises, healthcare companies, and researchers. Created by physicians and researchers, Vivametrica’s approach is based on comprehensive clinical findings in the fields of physical activity, rehabilitation, and medicine. Vivametrica was founded in 2013 and is based in Alberta, Canada.

KRS Biopharma

Non Equity Assistance in 2017
KRS Biopharma

ReWatt Power

Non Equity Assistance in 2017
ReWatt Power Inc. develops and operates sensor to cash platform that helps users to manage their generation assets. The company's platform utilizes site aggregation for smaller generators, along with their proprietary distributed ledger (blockchain) technology, to transact on any service – saving significant time, costs and effort throughout the full-cycle process. ReWatt Power Inc. was founded in 2016 and is based in Calgary, Canada.

Neuraura

Non Equity Assistance in 2017
Neuraura Biotech Inc., founded in 2017 and based in Calgary, Canada, focuses on developing neuro sensors for neuro-modulation and brain-machine interfacing to assist individuals with neurological, psychiatric, and sensory disorders. The company’s flagship product is a brain monitoring platform designed for epilepsy surgery, which integrates proprietary electrodes, wireless EEG hardware, and 3D visualization software. This platform aims to enhance patient experiences and outcomes while alleviating the workload of clinicians and reducing healthcare costs. In addition to its work in epilepsy, Neuraura is utilizing its advanced micro-electrodes to explore personalized bio-electronic medicine, targeting conditions such as polycystic ovary syndrome to improve women's metabolic and reproductive health through wearable devices. By leveraging unique electrophysiological data from patients, Neuraura seeks to advance the field of neuromodulation for broader applications.

Roshan Water™ Solutions

Non Equity Assistance in 2017
Roshan Water Solutions is a spinoff company out of the University of Alberta. Their aim is to provide safe, clean water while protecting the environment.

VizworX

Non Equity Assistance in 2017
VizworX Inc. provides customized software development services. The company offers interactive visual solutions, including virtual reality, augmented reality, and mixed reality solutions for immersion, visualization, and communication applications. It offers artificial intelligence solutions for facial recognition, data management/assistance, site security, and business optimization applications; data visualization services; and web and mobile application development services. VizworX Inc. was incorporated in 2012 and is based in Calgary, Canada.

Cohesic

Non Equity Assistance in 2017
Cohesic is a developer of a Care Intelligence Platform that aims to enhance clinical decision-making and patient care, particularly in cardiovascular health. The platform utilizes data-driven insights to streamline diagnostic workflows and structured reporting. By equipping diagnostic test providers and clinicians with tools that improve reporting efficiency and reduce medical errors, Cohesic facilitates a deeper understanding of patients' health conditions. This focus on efficiency and accuracy in cardiovascular care positions Cohesic as a key player in advancing healthcare technology and improving patient outcomes.

INGU

Non Equity Assistance in 2017
INGU Solutions Inc. is a Calgary-based company that specializes in developing miniaturized mobile sensors designed for the oil and gas sector. The company has introduced Pipers®, an innovative inspection technology that operates within active pipelines, regardless of their size, condition, or configuration. This technology enables the detection of leaks, geometric defects, magnetic anomalies, and deposits in a single inspection run, addressing the limitations of traditional pipeline integrity assessments, which are often infrequent and costly. By offering a self-serve inspection model, INGU has significantly reduced the cost of inline inspections, making them ten times more affordable and allowing for more frequent monitoring of pipeline assets. This accessible technology enables a diverse range of clients to benefit from ongoing data collection and analysis, leading to improved planning and decision-making. The company's approach addresses the vulnerabilities inherent in aging pipeline infrastructure, providing clients with critical, up-to-date information to enhance operational safety and efficiency.

FREDsense

Non Equity Assistance in 2016
FREDsense is a Canadian company founded in 2014 and headquartered in Waterloo. It specializes in manufacturing portable testing kits designed to detect water-borne chemicals and contaminants, including arsenic, iron, manganese, and acidity. The company’s flagship product, FRED, combines biology and engineering to provide autonomous, electrochemical outputs that utilize genetically engineered bacteria for sensing heavy metals and other pollutants. FREDsense also offers custom field-based solutions tailored to specific monitoring needs of its clients, enabling environmental consultants and engineers to efficiently and cost-effectively analyze water quality.