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 Montreal

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.

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.

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. »

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.

Soundskrit

Seed Round in 2019
Soundskrit develops velocity-based directional microphone to improve speech recognition and sound recording in smart devices. The microphone has application in smart-phones to allow audio to zoom in with recording; in smart devices to enhance speech recognition in noisy environments with multiple speakers, in situation-aware devices that allow users to choose which sounds they want to listen in to. The company was founded in 2017 and is based in Montreal, Canada.

InVivo AI

Pre Seed Round in 2019
InVivo AI is a Montreal-based company founded in 2017 that specializes in using artificial intelligence to enhance pharmaceutical research and development. The company primarily focuses on preclinical toxicology, aiming to improve the efficiency and effectiveness of drug development processes. By leveraging advanced AI technologies, InVivo AI seeks to transform traditional methodologies in the pharmaceutical industry, ultimately contributing to faster and more reliable outcomes in drug safety assessments.

Aifred Health

Pre Seed Round in 2019
Aifred Health Inc. develops and offers deep-learning based clinical decision tool for physicians to enable personalized medicine to psychiatry. The company's application software offers treatment prediction, interpretability, patient data tracking, and electronic patient record. Aifred Health Inc. was incorporated in 2017 and is headquartered in Montreal, Canada.

Merinio

Non Equity Assistance in 2019
Merinio Inc. designs and develops cloud based workforce automation software. The company's software provide labor forecasting, auto shift fulfillment, on demand schedule validation, compliance engine, quick schedule, template assistant, multichannel communication, employee portal, reports, employee profile management and time and attendance features. Merinio Inc. was founded in 2016 and is based in Montreal, Canada.

Soundskrit

Seed Round in 2019
Soundskrit develops velocity-based directional microphone to improve speech recognition and sound recording in smart devices. The microphone has application in smart-phones to allow audio to zoom in with recording; in smart devices to enhance speech recognition in noisy environments with multiple speakers, in situation-aware devices that allow users to choose which sounds they want to listen in to. The company was founded in 2017 and is based in Montreal, Canada.

Enkidoo AI

Pre Seed Round in 2018
Enkidoo Technologies Inc. develops and delivers cloud-based business applications that integrate with ERP, CRM, e-commerce, and other business applications. It serves retailers and distributors. The company was founded in 2015 and is based in Montreal, Canada.

HumanFirst

Seed Round in 2018
HumanFirst is a conversational artificial intelligence that helps companies in their transactions. It helps companies leverage their B2C conversations by transforming their raw conversational data into high-quality labelled data at scale to create business value. HumanFirst integrates with platforms like Zendesk, Intercom, Drift, Live Chat, Front, SMS, WhatsApp, messenger to name a few. It was founded in 2017 and is headquartered in Montreal, Quebec.

Contxtful

Pre Seed Round in 2018
Contxtful Technologies Inc. is a Montreal-based company that develops mobile digital solutions utilizing AI-driven technology. Founded in 2018, it leverages sensor-based data from mobile devices to identify user intent and context without compromising privacy, adhering to GDPR regulations. Its software enables businesses to measure brand engagement, optimize advertisement placements, and deliver tailored marketing messages based on real-time insights. The platform provides analytics for audience engagement, segmentation, and viewability, supporting various industries including advertising technology, marketing technology, finance, and video streaming. Contxtful's solutions enhance marketing performance and business intelligence by offering context-aware insights into digital audiences, facilitating improved ad monetization and the effectiveness of marketing campaigns.

Variense

Non Equity Assistance in 2017
Variense is a startup based in Montreal that offers Industrial IoT sensing solutions.

IRYSTEC

Non Equity Assistance in 2017
Faurecia IRYStec Inc. specializes in developing perceptual display platform technology solutions aimed primarily at the automotive industry. The company offers a suite of products, including PDP Vision, a customizable software solution that enhances the functionality of automotive display systems such as instrument clusters and infotainment displays. Additionally, it provides IRYStec DRIVEvue, which improves display visibility in bright light conditions, and IRYStec MYvue, a viewer intelligence solution that personalizes display integration. Founded in 2015 and based in Montreal, Canada, Faurecia IRYStec operates as a subsidiary of Faurecia S.E. after changing its name from IRYSTEC in May 2020. The company draws on a team of experts in computer vision and human visual systems to create ambient intelligent software products tailored to enhance the visual experience for users.

Shakepay

Non Equity Assistance in 2017
Shakepay Inc. is a technology company based in Montreal, Canada, that offers financial applications aimed at helping users build wealth through digital currencies. Founded in 2015, Shakepay enables Canadians to buy and sell Bitcoin and facilitates peer-to-peer payments among users. Additionally, the company provides a VISA debit card that allows cardholders to load and spend Bitcoin for various transactions, including point of sale purchases, ATM withdrawals, and online orders. Through its mobile app, Shakepay aims to simplify the process of engaging with cryptocurrency for its users.

Audible Reality

Non Equity Assistance in 2017
Audible Reality Inc. designs and develops an artificial intelligence (AI) based three dimensional (3D) audible reality solutions. The company solution uses AI to offer 3D audio and also processes sound through multiple channels. The company also develops Audible Reality Player, a device which uses the company's software and offers customized audio solutions. The company was founded in 2015 and is based in Montreal, Canada.

ODS Medical

Non Equity Assistance in 2017
ODS Medical Inc. is a medical device company that seeks to commercialize their exclusive Raman spectroscopy system for real-time detection of tissue abnormalities through the development, manufacture and sales of products for a range of clinical settings. ODS Medical Inc. is dedicated to bringing to the hands of physicians the next generation of diagnostic tools. Building on our revolutionary proprietary platform technology, we integrate cutting edge optical probes with the most sophisticated software, based on machine learning algorithms, to empower doctors to make critical decisions- in real-time - with unprecedented sensitivity, specificity and accuracy.

Noze

Non Equity Assistance in 2017
Stratuscent Inc., based in Montreal, Canada, specializes in developing an advanced electronic chemical sensing platform known as CloudSense. This innovative technology leverages artificial intelligence algorithms and material innovations to identify and quantify various chemical footprints present in the environment. By integrating robust additive manufacturing techniques, Stratuscent aims to enhance the capabilities of its chemical sensors, enabling them to detect a wide range of chemicals. The company's focus on vertical AI positions it uniquely in the market, as it seeks to provide accurate and efficient solutions for environmental monitoring and analysis.

Heyday AI

Non Equity Assistance in 2017
Heyday Technologies Inc. specializes in developing a conversational artificial intelligence and messaging application tailored for e-commerce and retail brands. Founded in 2017 and based in Montreal, Canada, the company offers a product that facilitates seamless communication between sales and support teams and their AI assistant. Heyday’s application connects with customers, managing chat interactions to enhance the overall customer experience. By leveraging Conversational AI, Heyday enables retailers to provide instant, personalized service at scale, transforming how businesses engage with their clientele. The company's solutions are particularly beneficial for industries such as sporting goods, cosmetics, and furniture, where delivering a VIP experience to every customer is a priority.

Fluent.ai

Non Equity Assistance in 2016
Fluent.ai is a company that specializes in advanced speech recognition solutions, founded in 2015 and headquartered in Montreal, Canada. The company adopts a unique machine learning approach that enables its technology to understand spoken language without requiring conversion to text. This allows Fluent.ai's speech recognition engine to interpret natural phrases accurately across various languages, accents, and challenging environments, such as smart homes and connected vehicles. Its system is designed to function both online and offline, making it versatile for different applications, including wearables and virtual reality. Fluent.ai's solutions emphasize personalization and reliability, providing businesses with the tools to create secure and user-friendly voice interfaces tailored to their specific needs.

Vention

Non Equity Assistance in 2016
Vention Inc. operates a cloud platform to design and order custom machines. The company provides 3D Machine Builder, a cloud based assembly software; MachineMotion that allows automation specialists and first timers to automate their design; and T-slot aluminum extrusion systems for precision and rigidity. Its products and services allow mechanical designers to design, order, and share their custom machines directly from web browsers. The company was founded in 2016 and is headquartered in Montreal, Canada.