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 Canada

Arkangel AI

Non Equity Assistance in 2021
Arkangel AI is a company focused on improving global health outcomes by utilizing an artificial intelligence platform designed to detect preventable diseases quickly and accurately. By achieving a detection accuracy of 90%, the platform generates results in seconds, making it a scalable and cost-effective solution for identifying diseases, especially in remote areas with limited healthcare infrastructure. Founded in 2019, Arkangel AI aims to reduce the death rate from viral diseases by combining scientific advancements with community knowledge, ensuring that equal health conditions are accessible to everyone worldwide. The company operates offices in Canada and Colombia.

Nanology Labs

Seed Round in 2021
Nanology Labs has designed and is developing Manganescan®, a novel theranostic agent (MRI contrast agent/Radio-sensitizer) that allows detection of brain tumors at early stages using MRI. Simultaneously, it sensitizes cancer cells which improves radiation therapy outcomes. The agent is 3x more sensitive than current Gadolinium contrast agents (GBCAs), can cross the blood brain barrier and enables early and precise detection and targeting of brain cancer.

Milk Moovement

Seed Round in 2021
Milk Moovement is a Developer of a dairy supply chain management platform designed to track milk pick-ups and monitoring milk production. The company's platform is a comprehensive tool that tracks dairy production and quality by using a cloud-based web and mobile solution, giving users access to key information in real-time, enabling all supply chain stakeholders (producers, processors, transporters, testing labs, and cooperatives) to have access to milk performance metrics and in-depth information on current production, quality, and historical data right at their fingertips.

IntelliSports

Non Equity Assistance in 2021
IntelliSports is a Montreal based technology company that is combining real world sports with a digitally engaging experience and A.I. to create real world gaming.At IntelliSports they firmly believe that getting healthy should be as much fun as Levelling Up in your favourite video game. They are using their experience in Sports Analytics, Machine Learning, Video Games and mass market consumer technology to create a fitness platform where users can train, group up, compete and enjoy many of the most engaging elements of modern video games.

3D BioFibR

Non Equity Assistance in 2021
3D BioFibR Inc. engages in biomaterial manufacturing services that produces biofibers such as spider silk, collagen, and chitosan. It provides services to global markets, which includes biomedical engineering, green textiles, defense, and aerospace engineering. It offers products for 3D tissue cultures and collagen tendons for biomedical research. The company was founded in 20202 and is based in Halifax, Canada.

Nfinite Nanotech

Non Equity Assistance in 2021
Nfinite Nanotechnology is an advanced material company that enables breakthrough innovations to redefine how we live, use, and create using open-air atomic layer deposition (ALD) technology. Nfinite makes functional nanomaterials that accelerate the development and commercialization of transformative technologies for a sustainable future, such as sustainable packaging, batteries, and photovoltaics. They have created a rapid open-air nanocoating system that produces large-area, high-quality, ultrathin films at up to 100x the speed of conventional ALD at a lower cost.

Rise & Shine Technology

Non Equity Assistance in 2021
Rise and Shine is an interactive content platform that focuses on empowering GenZ. The platform features short-form video content, interactive challenges, and exciting real-world and digital rewards to be earned.

Armilla AI

Non Equity Assistance in 2021
Armilla AI is a governance platform that enables algorithmic accountability to drive ethical decisions with transparency. The platform utilizes algorithmic accountability for tracking and governance and allows models to be tested in a matter of hours, vetting both the models themselves and the underlying datasets, helping clients by providing continuous monitoring of ongoing performance, accuracy, and algorithmic accountability by detecting errors.

GuideStar Medical Devices

Non Equity Assistance in 2021
GuideStar Medical Devices is a med-tech start-up that transforms medical procedures, improves safety, and reduces cost.

Clinia

Non Equity Assistance in 2021
Clinia is a health search engine built for healthcare organizations to streamline operational workflows and improve patient navigation. Using Clinia’s scalable technology, our clients can build and customize search experiences within their own websites, portals or apps to facilitate access to healthcare resources for both their teams and users.

Index Biosystems

Non Equity Assistance in 2021
Index Biosystems is a genetic food system traceability solutions provider specializing in source-of-origin traceability and identity preservation. By guaranteeing sub-population level source-of-origin identification, we empower a TraceForward approach to traceability. Index’s core technology involves inserting an inert genetic construct into food system products - a Nuclid™. This includes inputs, feed, seed, food and additives. Identification can be accurately achieved within a few hours independent of packaging (even in co-mingled or transformed products), greatly reducing the impacts of any recall. Our solution works in concert with legacy systems and expands the scope of what is traceable - from seed to waste, including post-digestion. Because this solution provides simple identification, there are many use-cases. Some use cases that we’ve identified include: Recall scope reduction Operational insights GMO identification Fraud identification Feed and seed security IP tracking Food system certification Waste tracking

EHVA

Non Equity Assistance in 2021
EHVA offers automation solutions and test services to break the bottleneck of integrated photonics R&D and production. EHVA is a spin-off from the Center for optics, photonics, and lasers (COPL), a world-class photonics research center.

HAXIO

Non Equity Assistance in 2021
« HAXIO enables manufacturing companies to significantly reduce their quality costs using automated 4.0 inspection systems, as well as artificial intelligence-driven software that can predict and prevent future production defects. With a team cumulating more than 20 years of experience, over 300 projects with some of the biggest players in the industry and a global presence in North America, HAXIO has the human, technical and financial resources to meet highest demands of our customers. »

Niricson

Non Equity Assistance in 2021
Niricson is a company that specializes in infrastructure asset management through the use of robotics and computer vision technology. It offers a predictive asset management platform that enables infrastructure owners to inspect structures more efficiently and with greater accuracy. The platform provides users with valuable insights, allowing for proactive planning of repairs and effective budget management. This service is particularly beneficial for hydro dam owners and engineering consulting firms, as it enhances their ability to ensure the safety of critical structures throughout their service life while also reducing operational costs.

Iris Dynamics Ltd.

Non Equity Assistance in 2021
Iris Dynamics Ltd. is a privately-owned Canadian technology startup with headquarters on Vancouver Island, British Columbia, Canada. Iris has invented a process for magnetic force controlled actuator motors that improves the human-machine interface. This technology has been deployed in a diverse range of markets to help clients improve their processes that previously utilized low performance, less reliable, and more expensive technologies. The company is also using this technology to develop high performance stabilization platforms in several different client-led applications. Iris sponsors advanced theoretical and applied electromagnetic research at two major Canadian universities. Applications for our technology include aircraft controls, flight simulation, remotely piloted vehicles, heavy equipment, submersibles, automotive, industrial automation, robotics, platform/sensor stabilization, and semiconductor manufacturing. Iris Dynamics is actively seeking industry partners to advance this technology.

e-Zinc

Non Equity Assistance in 2021
e-Zn Inc., trading as e-Zinc, is an energy storage technology company that develops electrochemical technology for storing energy in zinc metals. Its Zn reactor products have applications in residential houses, islands, remote communities, third world countries, military bases, mining sites, mobile communities, telecommunication sites, emergency responses, and electric vehicle charging stations. The company was founded in 2012 and is based in Toronto, Canada.

Ki3 Photonics Technologies

Non Equity Assistance in 2021
Ki3 Photonics Technologies is an optical quantum technology that targets the generation and manipulation of non-classical photons, necessary for the development and commercial success of quantum technologies.

MinervaAI

Non Equity Assistance in 2021
MinervaAI predicts who poses money laundering and terrorist financing risk to banks. We provide automated, accurate and audit-proof AML investigations at a fraction of the cost of compliance.

Hyivy Health

Non Equity Assistance in 2021
Hyivy Health creates an intelligent and holistic pelvic rehabilitation device for the 1 in 3 women worldwide who will experience a pelvic health complication in their lifetime. Our device provides the first quantifiable data set on the pelvic floor and 3 different therapies from multiple sensors and mechanical functions to help keep track of progress, adapt treatment plans and provide more effective, comfortable rehab experiences.

Brilliant Matters

Non Equity Assistance in 2021
Brilliant Matters was created by passionate material scientists to answer the need for a reliable supply of a new generation of organic semiconductors. By using innovative chemical processes, we provide value-added and environmentally friendly solutions to emerging printed electronics technologies.

Axya

Non Equity Assistance in 2021
Axya, formerly known as GRAD4 Inc., is a Montreal-based company that has developed an artificial intelligence platform aimed at automating industrial operations. The platform offers a software as a service (SaaS) solution that connects small and medium-sized manufacturing shop owners with suppliers, streamlining the subcontracting process for computer numerical control (CNC) machining, sheet metal, and parts manufacturing. Additionally, Axya provides contract management, quotation receipt, tender approval, and data analysis services, all designed to enhance efficiency in the manufacturing sector. Established in 2019, the company's marketplace standardizes and centralizes the subcontracting process, making it easier for users to access necessary services and materials.

VYouPoint Aero

Non Equity Assistance in 2021
VYouPoint Aero is a start-up company that develops web applications for regional and low-cost airlines.

Private AI

Non Equity Assistance in 2021
Private AI Inc., established in 2017 and located in Toronto, Canada, specializes in the development of privacy-preserving machine learning and natural language processing tools. The company aims to create solutions that enhance secure and seamless data analysis, thereby supporting innovative software development while safeguarding user privacy. Through its advanced technologies, Private AI seeks to address the growing demand for data security in various applications, ensuring that sensitive information remains protected during analysis and processing.

ViroCarb

Non Equity Assistance in 2021
Virocarb is a science-driven biotech company focused on the development and commercialization of innovative drugs for viral infections with urgent unmet therapeutic needs.

Nectar Technologies

Non Equity Assistance in 2021
Nectar's mission is to ensure the health of honey bees by helping beekeepers apply the right care at the right time through bee-friendly and human technology. They aim to bring bees and beekeepers closer together by enabling communication between two species.w

AdeptMind

Non Equity Assistance in 2021
AdeptMind is an AI company that innovates in e-commerce product discovery using active learning and deep learning. Its co-founders recently came out of a quite successful sale of their previous company, Maluuba. This time around, they are looking to grow a kick-ass Silicon Valley style team right here in downtown Toronto, Ontario, Canada.

PulSenics

Non Equity Assistance in 2021
PulSenics is a provider of real-time electrochemical system monitoring and control solutions. It utilizes artificial intelligence technology for electrochemical system monitoring and provides insights about electrolyte concentration, membrane health, power consumption, electrode adsorption, and others.

Inteligex

Non Equity Assistance in 2021
Inteligex is focused on developing innovative stem cell-based therapeutics aimed at restoring function in patients with spinal cord injuries and other central nervous system diseases. The company is pioneering novel technologies that modify the spinal microenvironment and provide regenerative therapeutic cells to replace essential cells lost due to injury. Through its development program, Inteligex aspires to become the first entity to offer an effective treatment for spinal cord injuries, a condition that currently lacks viable therapies. The successful implementation of its solutions could benefit hundreds of thousands of patients globally, significantly advancing the field of regenerative medicine.

Kraken Sense

Non Equity Assistance in 2021
Kraken Sense develops an automated pathogen detection platform that includes sensors to detect bacterial contamination in real-time, using cutting edge nanotechnology and state of the art calibration techniques. The company's solution makes monitoring low-cost and easy to use with an IoT enabled dashboard and analytics tools.

Lucent Biosciences

Non Equity Assistance in 2021
Lucent Biosciences specializes in the development of innovative biofertilizers aimed at enhancing agricultural sustainability. The company offers a unique class of micronutrient fertilizers that promote higher crop yields and nutrient levels while being environmentally friendly. Their products are designed to improve soil health and sequester carbon, contributing to climate-positive farming practices. By utilizing sustainable bioactive crop nutrition, Lucent Biosciences enables farmers to cultivate nutrient-dense crops without polluting groundwater, thereby supporting regenerative agriculture and reducing overall costs per hectare.

Rehabtronics

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

ALT TEX

Non Equity Assistance in 2021
ALT TEX is creating sustainable textiles regenerated from post-industrial waste.

Connektica

Non Equity Assistance in 2021
Connektica offers telecommunications testing services solutions for RF component measurements in space and terrestrial applications. The company reduces test costs through the use of machine learning and offers decentralized traceability and diagnostic tool.

HYKE

Non Equity Assistance in 2021
HYKE is on a mission to revolutionize customer engagement by using psychology and technology as the main ingredients and a pinch of gamification as a spice.

Paradox Immunotherapeutics

Non Equity Assistance in 2021
Paradox Immunotherapeutics is a pharmaceutical company that develops treatments for patients suffering from rare amyloid diseases. It uses an immunotherapy drug design platform to design drugs that harness the body’s own immune system to clear lethal deposits from affected organs and reverse organ damage.

FTEX

Non Equity Assistance in 2021
FTEX Develops next-generation GaNFET based Electric Vehicle (EV) powertrains that extend the range and power of EVs by up to 30%.

RockMass Technologies

Seed Round in 2020
RockMass Technologies is revolutionizing structural mapping by developing a data collection tool made for geologists. The company creates data collection more efficient, accurate and safe for geologists in mining, exploration, civil engineering and education. At RockMass, our goal is to improve geological mapping in the mining, civil engineering, and exploration industries with our revolutionary mapping technologies.

Granville Biomedical

Pre Seed Round in 2020
Granville Biomedical is a health tech company, specializing in the design of anatomical models to enhance health care training, advance patient education, and innovate device demonstration. Through extensive research and development involving mechanical, simulation, and biological testing, Granville Biomedical has designed a novel, biocompatible Nasopharyngeal (NP) swab for nasal specimen collection.

VodaSafe

Seed Round in 2020
Vodasafe Inc. develops AquaEye, a handheld waterproof device for rescuers. Its device uses sonar to scan body of water to locate submerged persons, as well as records various rescue data and connects via Bluetooth to various identified devices. The company is based in Kelowna, Canada.

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.

Rithmik Solutions

Non Equity Assistance in 2020
Rithmik Solutions Ltd. develops and operates software solution for mining industry. The company offers Asset Health Analyzer, an artificial intelligence (AI) based solution that analyze mining equipment and provides indicator for equipment issues. Its solution tracks equipment health and helps to reduce maintenance. Rithmik Solutions Ltd. was founded in 2017 and is based in Montreal, Canada.

Qoherent

Pre Seed Round in 2020
Qoherent is a provider of software development tools. It provides heterogeneous computing solutions through advanced research systems.

Multiverse Computing

Pre Seed Round in 2020
Multiverse Computing SL develops software for the finance industry. It develops software for solving financial and macro-economic problems. The company was incorporated in 2019 and is based in San Sebastian, Spain with an additional office in Toronto, Canada.

NXT Farm

Pre Seed Round in 2020
NXT Farm provides industry-first algorithms for processing satellite imagery which help a farmer optimize their inputs and maximize their yields.

Craver Solutions

Non Equity Assistance in 2020
Craver is a platform for restaurant mobile apps. Using Craver, restaurants can increase their revenue using features such as mobile ordering, skip the line, rewards and loyalty, gift cards, and more.

OVA

Non Equity Assistance in 2020
Most of the mixed reality (XR) content that exists today has been developed by teams of highly talented and technical individuals with experience using professional 3D engine or with a background in programming. The steep learning curve and difficulty of building XR has limited the amount of available content. StellarX powered by OVA is the best sandbox available for non-programmers to develop their own XR environments, and it enables them to build through simple drag-and-drop creation. Just like Minecraft enabled 70 million people to become 3D content creators, we think that there will be hundreds of millions of computer content creators and XR makes this incredibly accessible to people. Actually, StellarX is the path to fully accessible XR content creation for enterprise. Nowadays, the trend of more accessible tools continues, as does the amount of 3D data we are collecting. StellarX is making it easier than ever to leverage these assets. At OVA we have built over the past four years a world-class sandbox that helps 3D content creator to build easily virtual worlds. Further pushing this trend is the growth of mixed reality where 3D is a necessity. As we increasingly spend time in the digital world, our digital “stuff” will rival the importance of our physical “stuff”. Amazon is the destination for physical goods, but the destination for digital goods represents a substantial opportunity. This is why we think it's crucial to democratize the 3D content creation. Creating a mixed reality environment is a creative process that includes a lot of challenging steps including defining the interaction and logic, building the world with assets and animations, adding some avatars and, finally, testing the virtual world with real users. Moreover, at OVA we believe that machine learning can be used across the entire creation process. We are building the best artificial intelligence that works together with our sandbox users. It can co-create with them in the process of building virtual worlds, help creative problem solving by suggesting ideas and can take out all the non-creative work so our users can work on what’s important.

Edgehog

Non Equity Assistance in 2020
Edgehog identified a scalable method of fabricating bio-inspired nanostructures on surfaces for uniform anti-reflectivity across the visible spectrum. By fabricating a nanostructure pattern directly on the native glass or plastic substrate of the display, they can eliminate glare in any environment. Their structural approach to anti-reflection results in uniform, low reflectance across the entire visible spectrum.

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.

BarrelWise

Non Equity Assistance in 2020
Developer of a wine barrel management technology designed to enhance production and analysis. The company's system allows barrel topping, sampling, sulfating and chemical analysis to occur in one interaction, all without ever opening the barrel, enabling wineries to simplify the process of barrel management and increase operational efficiencies.

Jaynes Computing

Non Equity Assistance in 2020
Jaynes Computing is an AI company utilizing state of the art Probablistic deep learning that enable organizations to make better decions and optimize resources, that translate to profits. Jaynes Computing offers a AI as a Service platform for supply chain optimization, like sales forecasting, inventory optimization, scenario simulation.

MicroTraffic

Non Equity Assistance in 2020
MicroTraffic extracts near-miss data from traffic video to help traffic engineers make-life saving road safety decisions. Traffic engineers purchase analytics to support their studies and road safety budget prioritization. MicroTraffic is simultaneously aggregating the data to help create behavioural risk anticipation mapping products for ADAS and self-driving cars. MicroTraffic has market traction in 5 states and 5 provinces. MicroTraffic is currently raising a $2M seed round ideally comprised of one corporate strategic investor and one financial lead.

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.

EnPowered

Non Equity Assistance in 2020
EnPowered helps businesses take charge of their energy usage and costs. We provide free audits on energy bills to deliver up to 70% in cost reductions. We also run analytics on our customers’ energy usage to help them save even more, offering energy retrofits to reduce energy consumption. We are working to give Power to the People. We help our customers control their energy usage and costs, and also allow small businesses to group together to get lower electricity rates; group-buying for energy.

Freshr Technologies

Non Equity Assistance in 2020
Impactful Health Research and Development Inc. designs and develops compostable packaging solutions to prolong the shelf life of fresh fish. The company’s product is used to reduce organic waste; capture more value from fresh fish for retailers, exporters, and processors; and reduce plastic waste, reliance on petrochemicals, and greenhouse gas emissions. The company was incorporated in 2017 and is based in Montréal, Canada.

Spellbook

Non Equity Assistance in 2020
Rally is a web app where users can manage their contracts and company’s legal documents in a frictionless manner and entirely on the cloud.

Arylla

Non Equity Assistance in 2020
Arylla Inc. is a Canadian company specializing in nanotechnology-based invisible ink designed for fraud detection in luxury goods. Founded in 2015 and based in Winnipeg, Arylla's ink assists resellers in verifying the authenticity of high-value items such as leather goods, footwear, and ready-to-wear clothing. The company collaborates with luxury brands, applying its ink during production and facilitating a revenue-sharing model that enables these brands to monetize the resale of their products while combating counterfeit sales. Additionally, Arylla offers a tiered security platform for printing invisible labels that support food authentication and develops scanners for verifying fluorescent signatures.

Per Vices

Non Equity Assistance in 2020
Phi is currently designed as a PCIe card for developers. It is hardware (a software defined radio) that allows software developers to write applications to interact with all types of wireless signals and wireless devices.

Mayday

Non Equity Assistance in 2020
MAYDAY LABS INC. designs and develops wellness and productivity software solutions. The company offers calendar scheduling assistant solutions, including automatic travel time scheduling. MAYDAY LABS INC. was incorporated in 2018 and is based in Toronto, Canada.

BreatheSuite

Non Equity Assistance in 2020
BreatheSuite allow patients to use their inhaler properly without the need for separate training devices. The BreatheSuite inhaler add-on connects directly to your smartphone via Bluetooth to ensure you never miss a dose, your technique is correct and your symptoms are well controlled.

Brink Bionics

Non Equity Assistance in 2020
Brink Bionics Inc. is a Canadian company based in Waterloo, founded in 2018, that specializes in the development of advanced bionic technologies. The company's flagship product, the Axo Hand, is a myo-electric prosthesis designed for adults with below-elbow limb differences, offering six degrees of freedom for enhanced functionality. In addition to its focus on prosthetics, Brink Bionics integrates machine learning and brain-computer interfaces to create innovative solutions for the gaming industry, including a product called Impulse that enhances interaction with gaming mice. Through its cutting-edge technology, Brink Bionics aims to improve the quality of life for individuals with limb differences while also advancing the gaming experience.

Reach Orthopaedics

Non Equity Assistance in 2020
Manufacturer of an orthopedic shoulder implant intended to restore shoulder function to patients of all ages. The company's implant corrects joint imbalances of a rotator cuff tear and lessens the risk of progressive osteoarthritis, enabling patients to get minimized time in surgery and reduced wait times.

Mantle

Non Equity Assistance in 2020
MANTLE is a blockchain technology company that allows enterprises to operate in full-transparency, compliance, and security across their digital and commercial exchanges, through SaaS-based products, designed for technology professionals, that streamline blockchain development cycles and bolster solution architectures with critical new capabilities.

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.

PhenoTips

Non Equity Assistance in 2020
PhenoTips is a computer software company that provides solution for clinical genetics, phenotyping, and human phenotype ontology. It offers smart software solutions streamlined for clinical use that can be integrated with existing electronic health records. The company was founded in 2014 and headquartered in Ontario, Canada.

Altis Labs

Non Equity Assistance in 2020
Altis Labs is a clinical information company located in Toronto, where it leverages expertise in artificial intelligence and medicine. The company focuses on developing AI-powered software designed to predict drug efficacy and accelerate clinical development. By utilizing deep learning-based imaging biomarkers and proprietary real-world imaging data combined with clinical context, Altis Labs enables biopharma companies to measure treatment effects more accurately and earlier in the clinical trial process. This innovative approach aims to enhance the speed and success rate of late-stage trials, ultimately guiding personalized treatment and facilitating therapeutic research and development.

Covalent

Non Equity Assistance in 2020
Covalent Research & Development Inc. designs and develops a data analytics suite to maximize transparency and accountability in cryptocurrency and token offerings. It offers its suite for wallets, DeFi taxes, and network analysis. It also provides API to bring transparency and visibility to assets across various blockchain networks. The company was incorporated in 2018 and is based in Vancouver, Canada.

Bibu Labs

Non Equity Assistance in 2020
Dynamic Defence Against Cyber Attacks for IoT

401 Labs

Non Equity Assistance in 2020
401 Labs is an innovative technology company dedicated to the development and deployment of cutting-edge AI solutions for safety critical systems.

Alexi

Non Equity Assistance in 2020
Alexsei is a developer of an advanced legal platform that specializes in providing high-quality, comprehensive answers to complex legal questions. Utilizing cutting-edge artificial intelligence, natural language processing, and machine learning technologies, the platform delivers affordable legal insights in a memo format with rapid turnaround times. By leveraging collective intelligence and a knowledge management system, Alexsei enables legal professionals to efficiently upload, share, and manage their research, streamlining the process of legal inquiry. This innovative approach allows the company to offer significant cost savings while maintaining high standards of accuracy and depth in legal responses.

LearningBranch

Non Equity Assistance in 2020
LearningBranch is an automated conversational-based AI assessment and training platform that helps hire and train employees who will perform. The communication and language assessments focus on real-world people skills: empathy, active listening, proactive assistance and language proficiency taking into account social, cultural, linguistic and international perspective. Our situation based evaluations are bias-free and data driven. In addition, monitor and up-skill your existing hires and create benchmarks on the skills that drive performance. Our platform enables you to replace interviews, increase speed to hire, and increase speed to proficiency. The platform provides assessment and training tools focusing on the live spoken and written soft skills for customer service, sales and teamwork.
Epineuron Technologies, Inc. is a medical device company based in Hamilton, Canada, that specializes in developing innovative treatment strategies for peripheral nerve injuries. Incorporated in 2016, the company focuses on bioelectronic medicine and aims to establish a new standard of care for nerve repair and regeneration. Epineuron is working on a range of surgical solutions designed to repair and treat peripheral nerve injuries, with the goal of becoming a leader in bioelectronic nerve care through its neuroregenerative therapy.

Phaseshift Technologies

Pre Seed Round in 2020
At Phaseshift, we develop novel high performance alloys using Computational Chemistry and Machine Learning. Our Machine Learning models are trained to predict material properties associated with a large range of alloy compositions in a a few seconds. This, along with our computational chemistry models, enable us to model the behavior of any alloy composition in a time and cost efficient way without any compromises with the accuracy. We use our solution to develop materials for our clients that have a very specific set of needs that are unmet by existing material choices. Currently we are focused on a specialized class of materials - Amorphous Alloys and High Entropy Alloys. These materials are often considered as some of the toughest materials known to us but are less easily commercialized than traditional alloys. Some use cases of these alloys are found in the bio-medical industry, aerospace industry, nuclear industry, etc. We can also optimize our materials for the ever evolving manufacturing landscape and are currently working on projects that involve optimizing are materials for Additive Manufacturing.

aDolus Technology

Seed Round in 2020
aDolus Technology specializes in cybersecurity solutions for industrial and medical systems, addressing the growing need for protection among smart devices in various critical sectors. The company's SaaS platform generates software bills of materials (SBOMs) from customer software binaries, allowing for the analysis of vulnerabilities, malware, and obsolescence in these components. This analysis results in a risk score that helps organizations manage potential threats to their infrastructure. With a vendor-agnostic approach, aDolus aims to serve a substantial market, projected to reach $74 billion by 2026, particularly as regulations intensify around device security. The company has established a robust database of 32 million records, positioning itself as a leader in the authentication and analysis of device software, thereby assisting industries like medical, energy, transportation, automotive, and defense in safeguarding their critical operations.

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.

Menten AI

Seed Round in 2020
Menten AI, Inc. is an early-stage drug discovery company based in San Francisco, California, with an additional location in Toronto, Canada. Founded in 2018, the company focuses on developing protein-based drugs and enzymes using advanced technologies, specifically machine learning and quantum computing. Menten AI addresses the complex challenge of designing proteins, which can adopt numerous shapes, by leveraging quantum computing to represent multiple protein states simultaneously. This innovative approach allows for more efficient identification of optimal protein designs. The company has achieved significant milestones, including creating the world’s first peptide designed on a quantum computer, and is currently working on peptide therapeutics aimed at treating oncology and neurodegeneration, as well as enzymes for various industrial applications.

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.

Tiny Mile

Pre Seed Round in 2020
Tiny Mile is a robotics company that develops a four-kilogram teleoperated (and semi-autonomous) last-mile delivery robot. The company is a startup based in Toronto, Canada. It helps small businesses with affordable delivery.

Evercloak

Seed Round in 2020
Evercloak Inc., founded in 2018 and based in Waterloo, Canada, specializes in the production of ultra-thin graphene and other two-dimensional nanomaterial films. The company employs an economical and energy-efficient manufacturing process to create continuous coatings of single-layer nanomaterials. By utilizing an advanced manufacturing platform, Evercloak produces ultra-thin nanomaterial membranes that support clean technology applications. These innovations aim to lower costs, reduce energy consumption, and decrease greenhouse gas emissions across various sectors, including oil and gas, nuclear energy, mining, and agri-food.

InspectAR

Corporate Round in 2020
inspectAR Augmented Interfaces Inc. develops an application software based on Augmented Reality. The application enables electrical engineers and electronics technicians to inspect, debug and rework a printed circuit board (PCB) and allows accelerate the hardware prototyping process and also enables faster assembly of the PCBs. It was founded in 2018 and is based in St. John's, Canada. As of August 12, 2020, inspectAR Augmented Interfaces Inc. operates as a subsidiary of Cadence Design Systems, Inc.

ZeroIN

Non Equity Assistance in 2020
ZeroIN is a provider of formulations and added-value ingredients to small and medium-sized food and beverage manufacturers to reduce sugar in their products while maintaining good taste.

Tiny Mile

Non Equity Assistance in 2020
Tiny Mile is a robotics company that develops a four-kilogram teleoperated (and semi-autonomous) last-mile delivery robot. The company is a startup based in Toronto, Canada. It helps small businesses with affordable delivery.

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.