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.

Ludovic ANDRÉ

Associate

Rob Barbara

Associate

Mark Blackwell

Associate

Kent Brown

Associate

Shila Nieves Burney

Associate

Neil Cameron

Associate

Charles Conn

Associate

Isabel Fox

Associate

Matt Golden

Associate

Bernard W. Gray

Associate

Gary Griffiths

Associate

Colin Harris

Founding Partner

Andrew Haughian

Associate

Mack Healy

Associate

Charles Hudson

Associate

Patricia Hume

Associate

Richard Jhang

Associate

Patrick Kappel

Venture Manager, Space stream

Patrick Keefe

Associate

Shelley Kuipers

Associate

Elaine Kunda

Associate

Nicole LeBlanc

Associate

Josh Manchester

Associate

Ashif Mawji

Associate

Adam McNamara

Associate

David Moehring

Associate

Chris Moyer

Associate

Kyle Nakatsuji

Associate

John Neis

Associate

Rich Osborn

Associate

Kaustubh Pandya

Associate

Jean-François Pariseau

Associate

Oliver Plunkett

Associate

Steve Pretre

Associate

Jay Rhind

Associate

Andre Rocha

Associate

Adam Rogers

Associate

Jamie Rosenblatt

Associate

Maryanna Saenko

Associate

Tekin Salimi

Associate

Micah Siegel

Associate

Isaac Souweine

Associate

Roy Thiele-Sardina

Associate

Claude Vachet

Associate

Chris Wake

Associate

Lucy Wang

Associate

Samuel Wu

Associate

John Yianni

Associate

Sarah Young

Associate

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 Inc.

Seed Round in 2021
Nanology Labs Inc., founded in 2018 and based in Toronto, Canada, focuses on developing a nano-theranostic platform technology aimed at detecting and treating cancers. The company's flagship product, Manganescan, serves as a novel theranostic agent that functions both as an MRI contrast agent and a radio-sensitizer. Manganescan enhances the detection of brain tumors at early stages by producing Mn2+ ions, which oxygenate the tumor environment and improve the efficacy of radiation therapy. This innovative agent is three times more sensitive than existing Gadolinium-based contrast agents and is capable of crossing the blood-brain barrier, allowing for early and precise identification and targeting of brain cancer.

Milk Moovement

Seed Round in 2021
Milk Moovement is a developer of a dairy supply chain management platform that enhances connectivity among all participants in the dairy industry. The platform offers a comprehensive suite of features, including transportation monitoring, production tracking, and quality assessment. By utilizing a cloud-based web and mobile solution, it provides real-time access to crucial information, allowing stakeholders such as producers, processors, transporters, testing labs, and cooperatives to monitor milk performance metrics effectively. This integration of data not only facilitates informed decision-making by offering insights into current production and quality but also helps reduce waste and increase efficiency throughout the milk supply chain.

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.

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.

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.

Iris Dynamics

Non Equity Assistance in 2021
Iris Dynamics Ltd. is a Canadian technology startup based on Vancouver Island, specializing in innovative magnetic force-controlled actuator motors. This technology enhances the human-machine interface and has been implemented across various sectors, including aircraft controls, flight simulation, remotely piloted vehicles, heavy equipment, automotive, industrial automation, robotics, and semiconductor manufacturing. By offering improved performance, reliability, and cost-effectiveness compared to traditional technologies, Iris Dynamics is developing high-performance stabilization platforms for diverse client applications. The company also engages in advanced electromagnetic research at two prominent Canadian universities to further its technological capabilities. Iris Dynamics is actively seeking industry partnerships to expand the application and impact of its technology.

Ki3 Photonics

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.

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.

ALT TEX

Non Equity Assistance in 2021
ALT TEX is focused on producing sustainable textiles by regenerating post-industrial food waste into bio-plastic fibers. The company aims to replace traditional polyester with its innovative materials, which are created through a chemical process that transforms food waste, destined for landfills, into usable bioplastics. This approach not only addresses textile waste but also provides the fashion industry with a viable alternative to synthetic fabrics. By utilizing food waste, ALT TEX contributes to reducing environmental impact and promoting circular economy principles within the textile sector.

Clinia

Non Equity Assistance in 2021
Clinia is a health search engine designed to enhance operational workflows and improve patient navigation for healthcare organizations. Its modular, AI-powered infrastructure allows clients to create customized search experiences on their websites, portals, or applications, facilitating easier access to trusted healthcare resources. By understanding individual circumstances, Clinia’s technology aids in the classification and discovery of health information, enabling organizations to implement personalized navigation solutions. This capability empowers care teams to deliver efficient and timely care while supporting patients in managing their health more effectively.

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.

AdeptMind

Non Equity Assistance in 2021
AdeptMind Inc. is an AI company based in Toronto, Canada, that specializes in enhancing product discovery for online retailers. Founded in 2016, the company has developed a deep learning platform that utilizes artificial intelligence and natural language processing to improve the search experience for customers. By employing active learning techniques, AdeptMind's technology offers personalized search results and smart filtering, effectively addressing the challenge of irrelevant search results in e-commerce. This innovative approach enables retailers to provide a more intuitive search engine that aligns with customer intentions, all without relying on third-party solutions. The founders of AdeptMind previously achieved success with their earlier venture, Maluuba, and are now focused on building a dynamic team in downtown Toronto.

Index Biosystems

Non Equity Assistance in 2021
Index Biosystems is a provider of genetic traceability solutions focused on ensuring source-of-origin identification in food systems. The company’s core technology involves the insertion of an inert genetic construct, known as Nuclid™, into various food system products, including inputs, feed, seed, food, and additives. This innovative approach enables rapid identification, often within hours, regardless of packaging or potential co-mingling, thereby significantly mitigating the impact of product recalls. Index Biosystems' solutions work alongside existing systems and extend traceability from seed to waste, including post-digestion stages. Their technology allows for a range of applications, including recall scope reduction, operational insights, GMO identification, fraud detection, feed and seed security, intellectual property tracking, and food system certification. By empowering clients to trace the origin of products even when the chain of custody is disrupted, Index Biosystems is positioned to enhance transparency and accountability in the food industry.

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.

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.

Brilliant Matters

Non Equity Assistance in 2021
Brilliant Matters is a developer and manufacturer focused on providing advanced materials for printed electronics. Founded by material scientists, the company addresses the demand for a reliable supply of next-generation organic semiconductors. Utilizing innovative chemical processes, Brilliant Matters specializes in creating proprietary materials that support the production of organic solar cells, photodetectors, thin-film transistors, and electrochromic devices. Their commitment to developing environmentally friendly solutions positions them as a valuable partner for manufacturers in the electronics sector.

Ecoli 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.

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 specializes in the development of advanced powertrains for electric vehicles (EVs), specifically utilizing next-generation GaNFET technology. This innovation enhances the performance and range of EVs by up to 30%. The company focuses on creating smart, connected drive systems for light electric vehicles, offering a range of functionalities through its mobile operating systems. These features include location tracking, usage diagnostics, remote locking, collision detection, service capabilities, and theft insurance. By integrating novel technology and standards, FTEX aims to improve the user experience and overall performance of personal electric vehicles through the deployment of sophisticated motor controllers.

Connektica

Non Equity Assistance in 2021
Connektica specializes in telecommunications testing services, focusing on radiofrequency (RF) component measurements applicable to both space and terrestrial environments. The company employs machine learning to enhance efficiency and lower testing costs while ensuring quality standards are met. Connektica's platform provides clients with decentralized traceability and diagnostic tools, streamlining the testing process and making it more cost-effective.

VYouPoint Aero

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

Nectar

Non Equity Assistance in 2021
Nectar is a company focused on enhancing the health of honey bees and supporting beekeepers through a specialized apiary management platform. This platform utilizes sensors and artificial intelligence to optimize beekeeping operations, allowing beekeepers to provide timely and appropriate care for their colonies. By facilitating communication between bees and beekeepers, Nectar aims to strengthen the relationship between the two, ultimately improving the effectiveness of honey bee pollination on crops. The technology offers key measurements that help beekeepers minimize losses, save time, and cultivate robust apiaries, contributing to sustainable beekeeping practices.

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.

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.

Pulsenics

Non Equity Assistance in 2021
Pulsenics specializes in real-time electrochemical system monitoring and control solutions, employing artificial intelligence to enhance the efficiency of electrochemical processes. The company's technology offers critical insights into various operational parameters, such as electrolyte concentration, membrane health, power consumption, and electrode adsorption. By facilitating effective process control, Pulsenics aims to improve the quality of final effluent while optimizing maintenance schedules. This focus on operational efficiency not only aids in reducing overall energy consumption but also lowers operating expenditures for businesses involved in electrochemical treatments.

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.

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. »

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.

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.

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.

NanoTess

Non Equity Assistance in 2021
Developer of nanotechnology-based medical products intended to provide biocompatible and bio-selective wound dressings. The company commercializes nanotechnology in the health and decontamination sectors beginning with chronic wounds like diabetic foot ulcers, providing clinicians with small and mighty components to address unmet health needs.

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.

ChrysaLabs

Non Equity Assistance in 2021
ChrysaLabs, founded in 2017 and based in Montreal, Canada, specializes in the development of innovative technology for real-time soil fertility assessment. The company offers a portable probe that accurately measures soil nutrients and health directly in the field, allowing producers and agronomists to make informed decisions regarding fertilizer management. This advanced optical technology evaluates soil properties at various depths and requires no prior preparation, facilitating immediate access to critical data. In addition to the probe, ChrysaLabs provides a management platform that enables users to access this information and take appropriate actions to optimize crop yield and soil health.

Hyivy

Non Equity Assistance in 2021
Hyivy Health specializes in developing an innovative pelvic rehabilitation device aimed at addressing the needs of women experiencing pelvic health complications, which affect one in three women globally. The company's device stands out by offering the first quantifiable data set on pelvic floor health, utilizing multiple biosensors and mechanical functions to deliver three distinct therapeutic approaches. This technology enables patients and their healthcare providers to monitor progress, adapt treatment plans, and enhance the overall rehabilitation experience. By integrating remote therapeutic and monitoring capabilities, Hyivy Health aims to improve the management of pelvic and gynecological conditions, providing a more effective and comfortable solution for patients.

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.

Nfinite Nanotech

Non Equity Assistance in 2021
Nfinite Nanotechnology is an advanced materials company specializing in open-air atomic layer deposition (ALD) technology. The company develops functional nanomaterials that facilitate the creation of sustainable solutions, including compostable and recyclable flexible food packaging, batteries, and photovoltaics. Nfinite's innovative nanocoating system produces large-area, high-quality ultrathin films significantly faster and more economically than conventional methods, enhancing the production capabilities for packaging manufacturers. By enabling the development of cost-effective, sustainable packaging, Nfinite Nanotechnology plays a crucial role in promoting environmental responsibility while ensuring product freshness and shelf-life.

Rehabtronics

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

RockMass

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. is a Canadian company based in Kelowna that focuses on developing innovative technology for water-based search and rescue operations. Its flagship product, AquaEye, is a handheld waterproof device that employs sonar, ultrasound, and artificial intelligence to detect submerged individuals in bodies of water. In addition to locating these individuals, AquaEye records vital rescue data and integrates with other Bluetooth-enabled devices, enhancing the effectiveness of emergency responders, lifeguards, and recreational users in lifesaving and recovery efforts.

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.

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.

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.

4pi Lab

Non Equity Assistance in 2020
4pi Lab specializes in early wildfire detection, geolocation, and monitoring solutions aimed at mitigating the impacts of catastrophic wildfires. The company leverages its proprietary services platform and the EPiC satellite constellation to provide real-time detection and monitoring of wildfires with exceptional accuracy, offering AI-alerted reporting at a resolution of 5 meters. This technology enables organizations to identify very small fires quickly, facilitating data-driven responses within minutes and addressing the growing global wildfire epidemic. By employing advanced satellite technology, 4pi Lab aims to enhance the effectiveness of wildfire management and response efforts.

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.

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.

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.

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.

Craver

Non Equity Assistance in 2020
Craver is a mobile app platform tailored for restaurants, enabling them to enhance customer engagement and boost revenue. The platform offers features such as mobile ordering, skip-the-line services, rewards and loyalty programs, and gift cards. By facilitating connections between local restaurants and their customers through both mobile apps and online ordering, Craver helps these businesses attract and retain clientele while improving their brand image. Ultimately, Craver's solutions are designed to empower restaurants to sell directly to customers, fostering a more engaging dining experience.

Edgehog

Non Equity Assistance in 2020
Edgehog specializes in anti-reflection technology aimed at improving the viewing experience of electronic displays. The company has developed a scalable method for fabricating bio-inspired nanostructures directly onto the native glass or plastic surfaces of displays. This innovative approach achieves uniform anti-reflectivity across the visible spectrum, significantly reducing glare in various environments. By implementing this technology, Edgehog enhances the usability of devices such as smartphones and watches, allowing users to see displays clearly even in bright outdoor sunlight. Additionally, their solution decreases the display's brightness while preserving high contrast and extending battery life, thereby providing a more efficient viewing experience.

Aeroflux

Seed Round in 2020
Developer of aircraft braking systems intended to provide frictionless and virtually wear-free braking. The company's magnetic brake technology provides completely contactless, wear-free, and maintenance-free braking of large passenger jets, enabling airline companies to save cost in maintenance and operating costs per plane.

Arylla

Non Equity Assistance in 2020
Arylla Inc. is a Canadian company established in 2015 that specializes in nanotechnology-based invisible ink designed for fraud detection in luxury goods. The ink enables resellers to verify the authenticity of items such as leather goods, footwear, and ready-to-wear clothing. Arylla collaborates with luxury brands, applying the invisible ink during the production process, allowing these brands to monetize the resale of their products while combating counterfeit sales. In addition to the invisible ink, Arylla offers a tiered security platform for printing invisible labels that assist in food authentication and develops scanners for verifying fluorescent signatures.

Path Therapeutics

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.

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.

Emagix

Non Equity Assistance in 2020
Developer of algorithm-based analytics technology designed to be used for the diagnosis of retinal and brain vascular injury. The company's technology decreases the time required to capture images and identifies and quantifies critical information in the images, enabling physicians to conduct early diagnosis and follow-up treatment efficacy along with improved patient care and reduced clinical costs.

PulseMedica

Pre Seed Round in 2020
Developer of an imaging and medical platform designed to revolutionize the effective and non-invasive vitreoretinal treatments of various eye diseases. The company's platform leverages advanced imaging technology, embedded machine learning and laser technology to diagnose, plan, and treat diseased areas within the eye such as age-related macular degeneration, diabetic retinopathy, branch retinal vein occlusion, and glaucoma, enabling patients to reduce disease progression and receive effective treatment options get a cure for retinal diseases.

Brink Bionics

Non Equity Assistance in 2020
Brink Bionics Inc, founded in 2018 and based in Waterloo, Canada, specializes in developing advanced bionic technology aimed at enhancing user experiences in gaming. 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 improved hand dexterity. Additionally, Brink Bionics has created an impulse neurocontroller that integrates seamlessly with gaming setups, allowing users to enhance their gaming performance without the need for replacing existing hardware. This innovative technology not only facilitates communication between users and their devices but also aims to improve reaction times and overall engagement in gaming activities.

EnPowered

Non Equity Assistance in 2020
EnPowered is a company focused on helping businesses manage their energy consumption and costs effectively. It offers free audits of energy bills that can lead to cost reductions of up to 70%. The company utilizes analytics to further optimize energy usage, providing energy retrofits that help lower consumption. EnPowered also enables small businesses to collaborate in group-buying initiatives, allowing them to secure lower electricity rates. Additionally, the company has developed a platform that tracks energy usage, facilitates on-bill payment, and predicts spikes in electricity prices, encouraging users to adjust their consumption accordingly. This empowers both energy providers and homeowners to monitor and control their energy usage, ultimately leading to reduced electricity bills and enhanced savings.

Open Ocean Robotics

Non Equity Assistance in 2020
Developer of wind and solar-powered autonomous boats intended to provide real-time data and information to protect the oceans. The company's boats are equipped with sensors and cameras to make oceanic observations and instantly relay them, offering a safe, efficient, and affordable way of collecting data compared to conventional crewed vessels, enabling clients to monitor ocean traffic, watch for illegal fishing, collect information on marine mammals and understand the impacts of climate change.

Freshr Technologies

Non Equity Assistance in 2020
Freshr Technologies, formally known as Impactful Health Research and Development Inc., specializes in the development of compostable packaging solutions aimed at extending the shelf life of fresh fish. Established in 2017 and based in Montréal, Canada, the company focuses on creating active packaging materials from naturally-derived resources. These innovative materials help preserve the texture and quality of fish by maintaining its water content and targeting harmful bacteria, thereby enabling fish processing companies to minimize waste. Additionally, Freshr's solutions contribute to reducing organic waste and plastic pollution, while also decreasing reliance on petrochemicals and lowering greenhouse gas emissions. By addressing the challenges faced by retailers, exporters, and processors in the seafood industry, Freshr Technologies promotes sustainability and efficiency in food preservation.

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.

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.

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.

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.

MicroTraffic

Non Equity Assistance in 2020
MicroTraffic specializes in analyzing traffic video to extract near-miss data, providing valuable insights for traffic engineers to enhance road safety. By utilizing artificial intelligence, the company's platform reviews intersection camera footage to identify collisions and near-miss incidents, allowing clients to make informed decisions regarding safety measures and budget prioritization. In addition to serving traffic engineers, MicroTraffic is aggregating this data to develop behavioral risk anticipation mapping products aimed at advanced driver-assistance systems (ADAS) and self-driving vehicles. The company has gained traction in five states and five provinces and is currently seeking to raise $2 million in a seed round, targeting one corporate strategic investor and one financial lead.

PanTHERA CryoSolutions

Non Equity Assistance in 2020
Developer of cryopreservation system designed to preserve small molecules used in clinical research and studies. The company designs and manufactures patented ice recrystallization inhibitors for use in the cryopreservation of cells, and tissues that maintain cellular function after extended frozen storage, thereby enabling physicians to use less costly storage and transportation systems for cell therapeutics.

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.

Arolytics

Non Equity Assistance in 2020
Developer of a data management platform designed to help the energy industry optimize its emission reduction strategies. The company's platform focuses on enterprise management of methane data, collating and synthesizing data from any emissions sensor, automatically generating regulatory compliance reports, and suggesting steps to reduce pollution, enabling energy firms to gain insights into methane measurement data, and emissions reductions at lower costs.

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.

Workwolf

Pre Seed Round in 2020
HRTech _ Workwolf is a Toronto based Start-Up releasing their first commercially available version of their technology in December 2020. The platform is designed to reduce the occurrence of resume-fraud which costs the North American market $600B/yr. The tech addresses the "root problem" of all hiring efficiencies by verifying self-proclaimed, inaccurate resume data at the beginning of the hiring cycle for enterprise customers. The new, tamper-proof resume (once authenticated) can then be verified by employers or recruiters in real-time and repurposed/refreshed by the user for their entire career.

Carbon Block

Non Equity Assistance in 2020
Operator of a carbon technology platform intended to reduce pollution and maintain economic growth. The company's platform automates the environmental audit using proprietary technology that is backed by blockchain to decrease costs, enabling clients to reduce carbon emissions to create valuable carbon offsets.

Covalent

Non Equity Assistance in 2020
Covalent Research & Development Inc. is a technology company based in Vancouver, Canada, focused on enhancing transparency and accountability in the cryptocurrency sector. Established in 2018, Covalent develops a data analytics suite that addresses significant infrastructure challenges obstructing blockchain adoption. Its offerings include on-chain data and analytics for the Ethereum network, as well as APIs that provide visibility and transparency across various blockchain networks. The company aims to bridge centralized databases with decentralized blockchain technologies, thereby facilitating adoption among enterprises and consumers. Covalent supports several leading decentralized finance protocols and is actively building tools like SafeKeeep, which aims to improve data availability and record-keeping in the DeFi space. The company’s team comprises industry veterans with extensive experience in database and distributed systems, underscoring its commitment to driving innovation in blockchain technology.

Jenthera Therapeutics

Pre Seed Round in 2020
Developer of a cell-targeted nuclease drug designed to provide precision gene alteration. The company's platform offers a novel cell-targeted nuclease approach for therapeutics that addresses the fundamental challenges faced by CRISPR-based gene editing and allows for exquisite polyvalence in targeting and significantly shortened target identification phases in drug discovery, enabling healthcare clients with immunogenicity, safety, and cost-effective products.

Bidali

Non Equity Assistance in 2020
Bidali is a payment platform that facilitates next-generation payments for businesses of all sizes, enabling them to accept digital currencies. The platform employs proprietary blockchain technology to enhance security and inclusivity in the financial system. It provides developer-friendly APIs and e-commerce plugins for seamless integration of digital currency payments into applications and websites. Additionally, Bidali offers a mobile wallet that allows users to easily send, receive, and store cryptocurrencies. Users can also purchase gift cards for online and in-store transactions, with cashback incentives that can be reinvested in further purchases. This approach helps businesses increase sales while reducing fraud risks associated with traditional payment methods.

Specific Biologics

Non Equity Assistance in 2020
Developer of novel gene-editing technologies designed to treat diseases at the genetic level in cells inside the body. The company's technology consists of a dual-cleaving nuclease that can be delivered to cells to treat various genetic diseases, enabling customers to exploit the cell's naturally occurring DNA repair pathways through enhanced repair or predictable deletions.

Babbly

Pre Seed Round in 2020
Babbly is focused on creating a comprehensive data platform aimed at assisting parents in monitoring and supporting their child's development. The company has developed a mobile application that enables parents to track their baby's speech development through video recordings. This platform harnesses artificial intelligence and machine learning to analyze voice data, offering insights into a child's cognitive growth and social skills from birth to twenty-four months. By utilizing this technology, parents can effectively assess their child's speech and brain development, allowing them to monitor progress over time and provide the necessary support for their child's early development.

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.

Revolve Surgical

Pre Seed Round in 2020
Developer of a robotic surgery platform intended to lead value-based care by offering all patients the benefits of robotic surgery. The company's platform is a hybrid manual-robotic approach that eliminates teleoperation and aims to reduce the size, cost and training of current surgical robots, enabling patients to access the benefits of surgical robotics.

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.

BioIntelligence Technologies

Non Equity Assistance in 2020
Developer of an intelligent bioprocess analytics platform intended to help clients increase conversion yields and reduce product losses. The company's platform helps clients to take real-time inline snapshot measurements of multiple bioprocess variables such as products, nutrients, and intermediate metabolites, enabling clients to de-risk bioprocess scale-ups and maximize full-scale profitability.

Epineuron

Grant in 2020
Epineuron Technologies, Inc. is a medical device company based in Hamilton, Canada, focused on developing innovative treatment solutions for peripheral nerve injuries. Founded in 2016, Epineuron is pioneering bioelectronic medicine with a mission to set new standards in nerve repair and regeneration. The company is creating a range of surgical solutions, including an electroceutical device that provides electrical stimulation to enhance the natural healing processes of injured peripheral nerves. By accelerating nerve regeneration, Epineuron aims to offer patients advanced care options and aims to establish itself as a leader in the field of bioelectronic nerve 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 an innovative research and development company focused on sustainable wastewater treatment solutions, particularly in the context of mining operations. The company has developed technologies that aim to transform the treatment of mining tailings, offering environmentally friendly and cost-effective alternatives that enhance performance and efficiency. By utilizing low-cost, eco-friendly reagents, EnviCore's solutions can be seamlessly integrated into existing tailings treatment facilities, thereby reducing the demand for freshwater resources. This approach not only minimizes the environmental impact associated with mining waste but also supports mining operators in pursuing resource development in a more responsible manner.

Provision

Grant in 2020
Provision Analytics Inc., founded in 2018 and headquartered in Calgary, Canada, provides a cloud-based solution designed to enhance food safety by tracing and tracking food products throughout the supply chain. The company's software automates food safety processes for food processors and manufacturers, significantly minimizing the time required for data input and recall procedures. By linking detailed process data with production results, Provision Analytics generates analytics that help reduce food loss and improve product quality.

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 Technologies specializes in providing innovative solutions for large mining companies to manage the liabilities and safety costs associated with tailings ponds. The company has developed a specialized field robot, known as HELIX, which can safely access tailings ponds to deploy sensors and sampling payloads. This technology minimizes human risk by keeping personnel out of hazardous areas, while also enhancing operational efficiency and reducing costs. Additionally, Copperstone's expertise in electrical and mechanical design, along with advanced robotic systems, allows it to offer robotics-as-a-service for data collection in remote or dangerous environments. This capability enables clients to monitor the performance of their equipment effectively, ensuring operational integrity in challenging locations.

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. is a technology company based in St. John's, Canada, that focuses on augmented reality applications for the electronics industry. Founded in 2018 and currently a subsidiary of Cadence Design Systems, InspectAR develops software that enhances the inspection, debugging, and reworking processes for printed circuit boards (PCBs). The platform overlays design information directly onto the physical board, allowing electrical engineers and technicians to interact with hardware more intuitively. This innovation aims to streamline the hardware prototyping process and accelerate PCB assembly, ultimately reducing errors and improving efficiency in electronic manufacturing.
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