Bioenterprise Canada

Bioenterprise Canada is a business accelerator based in Guelph, Canada, established in 2003 to support the growth of companies in the agri-tech sector. It serves as a commercialization agent, assisting businesses at various stages, from startups to established enterprises. By leveraging a global network of industry contacts and professionals, Bioenterprise helps assess and mitigate the risks associated with early-stage ventures. The organization collaborates with researchers and entrepreneurs to facilitate the transition of innovative ideas into market-ready products and services. Its offerings include business plan development, financial and marketing strategy support, investment preparation, and access to various funding sources. Through its focus on commercializing agri-businesses, Bioenterprise plays a crucial role in fostering innovation and growth within the agricultural technology landscape.

Dave Smardon

CEO, President and Board Member

6 past transactions

FireRein

Seed Round in 2019
FireRein Inc. manufactures water additive firefighting solutions. Its products include Eco-Gel, which is a water additive that prevents, protects, and extinguishes fires; Eco-Rinse that allows end users to clean equipment, pumps, and nozzles; and FireRein TPP, which helps to draft and control the thickness and viscosity of the Eco-Gel into firefighting water stream. The company also conducts training programs for the usage of Eco-Gel. FireRein Inc. was founded in 2012 and is based in Napanee, Canada.

DaganTech

Seed Round in 2019
DaganTech applies deep learning and machine learning to satellite images and historical farm data to predict crop yields and loss risks. We are currently launching enterprise applications for Crop Assurance and Reinsurance firms. Their vision is to track development on every farm on earth.

Spornado

Pre Seed Round in 2018
Spornado is an Agtech company providing an early alert system for crop disease that detects disease in the field. Its low-technology device sits in a field and collects disease spores from the air and water that enable farmers to decide when to spray fungicide.

Ardra

Seed Round in 2018
Ardra Inc. is a renewable chemicals company based in Toronto, Canada, specializing in the production of petroleum-free specialty chemicals for the personal care and cosmetics industry. Utilizing technology developed at the University of Toronto, Ardra employs model-guided metabolic engineering and synthetic biology to create biocatalysts that convert renewable resources into essential chemicals. The company's flagship product is 1,3-butanediol, a sustainable alternative to petroleum-based counterparts, which is utilized in various applications including cosmetics, food, polymers, and pharmaceuticals. With the cosmetics sector relying heavily on petroleum chemicals, valued at approximately $2.6 billion, Ardra aims to provide environmentally friendly solutions that stabilize and sustain the supply chain while reducing ecological impact.

teaBOT

Grant in 2017
teaBOT is a company focused on revolutionizing the tea-drinking experience through its innovative robotic kiosks. These kiosks allow customers to customize their tea blends quickly and conveniently, either using a touch screen or a smartphone. Within a minute, patrons can enjoy a personalized cup of loose-leaf tea tailored to their preferences. Recognizing that many tea enthusiasts find the process of creating their own blends at home to be tedious or costly, teaBOT aims to streamline this experience by offering a fast and user-friendly solution. Customers can explore new flavors, reorder favorites, or try blends created by friends, making the tea experience interactive and enjoyable. After sampling various combinations, they also have the option to purchase their preferred blends in pouches for home use.

Betterfrost Technologies

Seed Round in 2017
Betterfrost Technologies Inc., founded in 2014 and based in Toronto, Ontario, specializes in energy-efficient refrigeration and ice-management systems. The company develops innovative ultra-low energy defrost and de-icing technologies applicable to various sectors, including electric vehicles, refrigeration, and aerospace. Utilizing high-power energy pulses, Betterfrost's systems effectively melt thin layers of ice at the surface interface, achieving results with significantly reduced energy consumption—up to 20 times less than traditional methods. This approach not only enhances efficiency but also provides substantial time and energy savings for clients across multiple industries.
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