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 Quebec

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.

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.

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.

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%.

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.

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.

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

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.

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.

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.

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. »

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.

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.

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.

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.

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.

Ubenwa Health

Non Equity Assistance in 2020
Ubenwa is a speech analytics company that leverages artificial intelligence and mobile computing to address challenges in healthcare. Its pioneer product is a cry-based diagnostic mobile app for birth asphyxia which leverages the audio processing and computational capabilities of smart mobile devices to analyze newborns'​ cries and provide a qualitative assessment of whether or not the newborn has or is at risk of asphyxia. It is a response to the pressing need for useful, affordable, and sustainable medical tools/devices that can help tackle the high rate of neonatal morbidity and mortality.

Botpress

Pre Seed Round in 2019
Botpress, Inc. is a company that specializes in designing and developing an open-source chatbot development platform. Founded in 2016 and based in Newark, Delaware, Botpress provides software that enables the creation of various types of chatbots, including scripted, artificial intelligence, and application-based options. The platform is widely used by developers, organizations, and individuals, facilitating the building, deployment, and management of chatbots. Key features include a conversational flow management system and natural language understanding, allowing businesses to create customizable conversational experiences. Additionally, the platform is designed to be manageable by non-developers after deployment, making it accessible for a broader audience to enhance their conversational strategies.

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.

Nomic

Pre Seed Round in 2019
Nplex Biosciences is a biotechnology company based in the United States that specializes in proteomic technology. The company has developed a platform that utilizes DNA nanotechnology to understand, detect, and treat diseases. Nplex offers a range of instruments and automation tools for measuring multiple proteins from blood samples, providing cost-effective solutions for protein data analysis. Its technology integrates seamlessly with industry-standard cytometers, enabling high-throughput analysis and the development of custom protein panels. Nplex aims to enhance existing instruments and workflows while facilitating automation in proteomic research and applications.

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.

Zilia

Non Equity Assistance in 2019
Zilia is a medical technology company that has developed a non-invasive platform utilizing imaging, spectrometry, and artificial intelligence to assess various biomarkers in the human eye. The focus is primarily on measuring oxygen levels, which play a vital role in ocular diseases such as glaucoma, diabetic retinopathy, and age-related macular degeneration. Zilia's flagship product, the Zilia Ocular, is an innovative ocular oximeter that integrates hardware and software to assist eye care professionals in the prevention, diagnosis, and management of these conditions. The technology combines interactive analytical software with devices and data management tools to provide valuable insights into the metabolic state of ocular tissues and their relationship to overall health, enabling healthcare providers and researchers to effectively monitor and understand eye diseases.

Imeka

Non Equity Assistance in 2019
Imeka Solutions Inc. is a Canadian company specializing in medical image processing services, particularly in the field of brain imaging. Founded in 2011 and based in Sherbrooke, the company provides a range of advanced imaging techniques including diffusion tensor imaging, tractography, free water imaging, and fiber bundling. Imeka's platform leverages high-resolution MRI and deep learning algorithms to assist researchers and healthcare professionals, including neurologists and pharmaceutical companies, in quantifying and understanding brain connectivity and white matter. The technology also offers insights into neuroinflammation, demyelination, and axonal loss, supporting both clinical and research applications in neuroscience.

Nanogrande

Non Equity Assistance in 2019
Nanogrande offers a disruptive technology for the 4.0 industrial revolution high definition manufacturing with its services, devices and powders. Our devices offer a wide range of freedom in design, as well as a broad variety in the materials that can be used. Our patented process allows the production of particle layers as thin as one nanometre, creating 3D objects with unprecedented definition. This way, we developed the world first nanoscale 3D printer! The multiple material capacity extends to size, shape and nature, which is currently impossible by other competing technologies. We therefore can work with metals, polymers and ceramics. These unique technological feats open us the door to manufacturing solutions that can claim a fair part of the fast-growing multibillion-dollar market of Metal injection moulding (MIM), precision metal casting, as well as passive components for Microelectromechanical systems (MEMS). We are bridging nanotechnology and additive manufacturing.

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.

Reaction Dynamics

Non Equity Assistance in 2019
Reaction Dynamics is a Canadian company based in Saint-Jean-Sur-Richelieu, incorporated in 2008, specializing in the development of space transportation technologies. The company focuses on creating agile and affordable access to orbit, primarily through the production of specially adapted rockets and a cost-effective engine. Utilizing additive manufacturing and specialized supply chains, Reaction Dynamics aims to facilitate spaceflight by enabling the launch of small satellites into orbit.

Waste Robotics

Grant in 2019
Waste Robotics designs and delivers intelligent recycling robots to replace the increasingly expensive and rare 90,000 human pickers in North American recycling centres. By combining sophisticated computer vision, artificial intelligence software and state-of-the-art robotic technologies, Waste Robotics offers Its clients adaptable robotic solutions for all waste sectors. Waste Robotics is in the business of revolutionizing the waste recycling industry.

Stamped Technologies

Non Equity Assistance in 2019
Stamped is changing the game with year-end accounting services, and is aiming at challenging this $ 60 B North American market. With our proprietary technology, we quickly produce accurate reports and audits at a fraction of the current market costs. It is empowering our auditors for greater productivity with year-end accounting services without compromising on the quality. Our technology also eradicates clerical and mundane year-end tasks for finance leaders, allowing productivity gains and focus on value-added tasks for their organizations. We want to make year-end audit relevant again.

FZ Engineering

Non Equity Assistance in 2019
FZ Engineering is a 3D printing company that develops processing systems for industries to integrate 3D-printed metal and polymer parts.

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.

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.

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.

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.

Saccade Analytics

Non Equity Assistance in 2017
Saccade Analytics began in 2016 with Dr. Mimi Galiana, whose research at McGill University led the field of eye and head movement analysis for over 30 years. She came to understand that although her work had tremendous potential, much more was needed before it would help patients. With this goal, she founded Saccade Analytics and recruited Isabel Galiana to assist in building the business. Since then, we have grown under the mission to improve the standard of neurological care by translating advanced research into accessible tools.

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.

Local Logic

Non Equity Assistance in 2017
Local Logic focuses on collecting, cleaning, and combining data to help travelers, home buyers, and consumers make better, more informed decisions when it comes to location. Co-founded in 2014 by urban planners turned data scientists, Local Logic™ focuses on collecting, cleaning, and combining data to help travellers, home buyers, and consumers make better, more informed decisions when it comes to location. Location in a city determines your experience. The location of your hotel determines what you can do on your vacation. The location of your restaurant determines the ambiance of your night out. And the location of your home determines how you will commute every single day. They want to enable people to harness the power of location to live great experiences.

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.

True Positive Medical Devices

Non Equity Assistance in 2017
True Positive MD develops imaging software analytics to assess brain health.

Optina Diagnostics

Non Equity Assistance in 2017
Optina Diagnostics Inc. develops a technology for the early detection of Alzheimer’s disease through hyperspectral imaging of the eye. Its Optina Diagnostic retinal imaging test serves the healthcare industry. The company was founded in 2010 and is headquartered in Montréal, Canada.

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.