Innovacorp

Innovacorp is an early-stage venture capital firm based in Halifax, Canada, dedicated to supporting knowledge-based startups in Nova Scotia. Established in 1995, Innovacorp focuses on helping entrepreneurs commercialize their technologies for the global market. The firm combines venture capital investment with business mentoring and offers incubation facilities to foster the growth of early-stage companies. Through its comprehensive approach, Innovacorp aims to enhance the entrepreneurial ecosystem in the region.

Robert Burns

Venture Capital Investment Manager

Andrew Ray

Managing Director

Past deals in Grant

Voltai

Grant in 2022
Voltai is a manufacturer of energy generators designed to harness energy from oceanic motion, primarily serving the marine industry. The company's innovative technology captures energy from the movements of water, helping to reduce reliance on fossil fuels and stored energy. By absorbing shocks and vibrations that can lead to material fatigue, Voltai's generators not only lower maintenance costs for vessels and offshore installations but also contribute to fuel savings and reduced emissions. Through its focus on sustainable energy solutions, Voltai aims to support the marine sector in transitioning towards more environmentally friendly practices.

Hollo Medical

Grant in 2022
Hollo Medical is a developer of innovative spacers designed for use with asthma inhalers, addressing the frustrations of inhaler users who find traditional valved holding chambers cumbersome. The company focuses on creating a medical device that surpasses current industry standards while being compact enough to easily fit into a child's pocket. By streamlining the manufacturing process and simplifying regulatory approval, Hollo Medical aims to enhance the user experience and reduce the burden associated with chronic respiratory diseases.

Pocket Finance

Grant in 2022
Pocket Finance is a dual-interface FinTech platform designed to enhance the interaction between financial professionals and consumers. It offers a consumer-facing mobile app alongside a web portal for financial advisors, facilitating smoother communication and engagement in financial planning. The platform aims to improve financial literacy among small investors by providing easy access to financial advice and a marketplace of financial products. It streamlines data collection and enhances the advisor-client relationship, allowing users to obtain real-time, actionable information and request automated reports on various financial matters. Through this innovative approach, Pocket Finance seeks to make financial guidance more accessible and effective for its users.

OVERGantt

Grant in 2022
OVERGantt incorporates tried-and-true techniques with a special Project Flow Diagram that combines the top elements of whiteboards, Gantt charts, network diagrams, and Kanban.

Rising Tide BioAcoustics

Grant in 2022
Rising Tide BioAcoustics specializes in underwater acoustic solutions designed to enhance marine environments. The company offers eco-friendly methods to improve the efficiency of commercial fishing operations while reducing bycatch. Its services include noise cancellation systems for commercial vessels and strategies for the control or eradication of invasive species. By utilizing these innovative acoustic technologies, Rising Tide BioAcoustics aims to assist clients in minimizing their environmental impact and lowering operational costs across various sectors, such as power generation, waterway management, commercial fishing, and aquaculture.

Ubiquity Health

Grant in 2022
Ubiquity Health is a SaaS business aimed a claims management.

Formula Consulting

Grant in 2022
Formula Consulting specializes in developing software solutions aimed at enhancing efficiency in the civil construction sector. By addressing common challenges associated with formwork, the company provides innovative digital tools that significantly reduce both the time and costs associated with heavy civil construction projects. Their software enables construction professionals to generate accurate and timely estimates and designs that comply with industry codes, ultimately promoting improved constructability and safety on job sites. Through these advancements, Formula Consulting positions itself as a valuable partner in the construction industry, streamlining processes and facilitating better project outcomes.

Atlantic Institute for Resilience (AIR)

Grant in 2022
AIR’s coaching, education and training programs build resilience, helping people to recover more quickly and effectively.

Sideline Learning

Grant in 2022
Sideline Learning is a compliance-tracking platform that allows organizations to verify, educate, and certify their members in one central location.

Axtion Independence

Grant in 2022
Axtion Independence is a mobility aid for fall prevention and recovery.

ZeroIN

Grant in 2022
ZeroIN is a food-tech company focused on developing innovative sugar reduction technologies. The company produces natural sweeteners designed to counteract the negative effects of excessive sugar consumption. Its flagship product, Sweet Fiber, is a scalable and cost-effective sugar substitute that meets consumer demand for healthier options. By providing drop-in sugar replacements derived from natural sources, ZeroIN caters to the food, beverage, and pharmaceutical industries, helping them incorporate healthier sugar alternatives into their offerings.

NeoCare

Grant in 2022
NeoCare detects illnesses like anaemia, jaundice, and hypoxia in neonates without invasive testing or pain.

Liven Proteins

Grant in 2022
Liven creates plant-based foods' maximum potential in terms of flavor, texture, and cooking experience by creating animal-free protein ingredients. The company generates protein ingredients to meet functional requirements for plant-based food formulations, such as the ideal gelling strength, anticipated property changes during cooking, and desired emulsification properties. Liven's goal is to make the food industry more sustainable by enabling the circular economy.

Galaxia

Grant in 2022
Galaxia is a space systems company specializing in the manufacturing of cloud and artificial intelligence-based computing systems for satellites. The company develops advanced hardware and software-defined satellite technology aimed at enhancing space computation. Its focus is on designing intelligent satellites and edge compute platforms that support space-based mission services. Galaxia offers clients customized, pay-per-use access to real-time data and comprehensive system capabilities, enabling effective detection and identification of vessels on the ocean surface. By leveraging innovative technologies, Galaxia aims to optimize satellite performance and provide valuable insights for various applications in the aerospace sector.

Material Futures

Grant in 2022
Material Futures Lab is a chemical company that specializes in transforming micro-organisms into miniature dye factories. By utilizing innovative biotechnology, the company produces masterbatches, paints, coatings, and textile dyes that are eco-friendly. This approach not only provides clients with sustainable dyeing solutions but also contributes to the reduction of industrial water pollution, addressing significant environmental concerns in the textile and coatings industries.

Gaia Refinery

Grant in 2022
Gaia Refinery is focused on developing innovative technologies to address environmental challenges through carbon removal. The company is creating wind-driven methane-capture technology aimed at producing rocket-grade natural gas. Additionally, Gaia specializes in Biomass Carbon Removal and Direct Air Capture technology, which effectively extracts carbon dioxide from the atmosphere and securely stores it in various forms, including underground, in oceans, soil, and trees. By providing these energy refining services, Gaia Refinery aims to contribute to the restoration of Earth's balance by offering cost-effective solutions for carbon removal from both the atmosphere and biomass.

Scient Analytics

Grant in 2022
Scient Analytics provides simplified data analytics tools that standardise the collection and processing of visual data.

Symbi Medical

Grant in 2021
Symbi Medical is a digital health company that provides a procedural care navigation platform designed to help patients manage their health before and after medical procedures. The platform is HIPAA and PHIPA compliant, facilitating thousands of patient interactions through seamless integration with electronic medical record (EMR) vendors. By delivering personalized care journeys at scale, Symbi aids healthcare organizations in enhancing clinical decision-making, managing risk, and improving health outcomes for their patient populations. The company boasts a team of medical advisors affiliated with prominent institutions such as the University of Michigan, St. Michael's Hospital, and Nova Scotia Health. Symbi Medical was acquired by Blue Charm Adherence in March 2021, further expanding its capabilities in the healthcare sector.

Oneka Technologies

Grant in 2021
Oneka Technologies Inc., founded in 2015 and based in Sherbrooke, Canada, specializes in the development of innovative wave-powered desalination systems that convert ocean water into potable water. The company addresses the challenges of traditional desalination methods, which are often costly and environmentally damaging, by utilizing wave energy to drive the desalination process. This technology enables the production of fresh water with zero greenhouse gas emissions and minimal land use. Oneka's modular units are designed for water-scarce regions, offering a sustainable and affordable solution that can reduce water costs by up to 75%. The company has successfully demonstrated its technology in ocean settings and aims to make the oceans a primary source of drinking water for private islands and coastal communities while ensuring low maintenance and significant cost savings.

Plasma Agricultural Solutions

Grant in 2020
Plasma Agricultural Solutions develops treatments that improve seed health and quality.

Marecomms

Grant in 2020
Marecomms specializes in the development of underwater acoustic communications systems that facilitate wireless communication over extensive distances. These systems are designed to enhance data throughput in both shallow and deep water environments. By employing advanced cellular communication technology, signal transmission, and processing techniques, Marecomms significantly reduces total power consumption compared to industry standards for similar distances. This innovative approach enables clients to efficiently gather data in challenging oceanic conditions and provides critical support for applications such as mine detection and pipeline exploration.

Design by Science

Grant in 2020
Design by Science is sustainable materials and machines for the 3D printing of large objects and structures.

Mabel Systems

Grant in 2020
Mabel Systems specializes in providing digital inventory tracking and traceability solutions for the seafood industry. Their platform enables businesses to transition from manual, paper-based processes to efficient, real-time digital tools, facilitating seamless tracking of seafood products from ocean to consumer.

Symbi Medical

Grant in 2020
Symbi Medical is a digital health company that provides a procedural care navigation platform designed to help patients manage their health before and after medical procedures. The platform is HIPAA and PHIPA compliant, facilitating thousands of patient interactions through seamless integration with electronic medical record (EMR) vendors. By delivering personalized care journeys at scale, Symbi aids healthcare organizations in enhancing clinical decision-making, managing risk, and improving health outcomes for their patient populations. The company boasts a team of medical advisors affiliated with prominent institutions such as the University of Michigan, St. Michael's Hospital, and Nova Scotia Health. Symbi Medical was acquired by Blue Charm Adherence in March 2021, further expanding its capabilities in the healthcare sector.

Garden manager

Grant in 2020
Garden manager is a software to help grow food in urban environments and on small-scale farms.

Prosaris

Grant in 2020
Prosaris is a company focused on providing advanced leak detection services, specifically for compressed air systems. It develops a directional ultrasonic leak detector that is compatible with tablets and smartphones, enhancing the accessibility and efficiency of leak identification. By utilizing smartphone-integrated ultrasonic sensors and cloud-based software, Prosaris enables industrial facilities to identify and quantify leaks effectively. This innovative approach not only streamlines leak management processes but also contributes to reducing energy consumption and minimizing environmental impact. Additionally, Prosaris offers tailored industry solutions that complement its core leak detection technology.

myFlock

Grant in 2020
myFlock is a provider of flock management services designed to enhance the efficiency of poultry farming operations while lowering production costs. The company focuses on reducing risks and addressing operational inefficiencies within the poultry supply chain. By implementing solutions such as automated reporting, smart alarm monitoring, and trend analysis, myFlock enables farmers and poultry owners to effectively manage their flocks. This comprehensive approach aims to streamline various aspects of farm management, ultimately fostering a more productive working lifestyle for those in the poultry industry.

Prospre Nutrition

Grant in 2020
Prospre Nutrition is a nutrition app with the goal of making nutrition-focused meal planning easy.

VMOpro

Grant in 2020
VMOpro is a remote physiotherapy solution that enables patients to self-manage their injuries and conditions at home. The platform combines smart PhysioBalls that communicate with a mobile app and is monitored by physiotherapists through a clinical dashboard.

Vendura Wellness

Grant in 2020
Habit Forming Technologies is building JackHabbit, an app that uses machine learning and gamification to nudge users into behaviors aimed at improving their physical and mental health. It will offer real-world rewards and in-app payoffs to encourage university students, among others, to cultivate beneficial habits, such as sleeping more and healthier eating.

SmartMed

Grant in 2020
SmartMed mission is to design and implement smart, customizable, and user-friendly software solutions that save time, and empower users to efficiently manage the information they need so they can focus on the quality of the process.

Kute Lab

Grant in 2020
Kute Lab is creating a two-sided platform; one side offers a mobile application to users that simplifies cosmetics ingredients (A chemist in your pocket) and on the other side provides market assessment to beauty manufactures.

BlueNode

Grant in 2019
BlueNode specializes in data cleansing, analysis, auditing, and sharing specifically for marine container ports. The company offers software that integrates and analyzes diverse supply chain data from multiple sources, streamlining the management of data assets. By providing a centralized platform for data sanitation and analysis, BlueNode helps clients reduce complexity and costs associated with data management. This enables marine container ports to enhance their operational efficiency and business development efforts, ultimately improving the overall efficacy of their supply chain processes.

Invisible Agents

Grant in 2019
Invisible Agents is a Halifax-based company, established in 2018, that specializes in developing technology solutions to enhance fundraising efforts for non-profits and churches. By leveraging machine learning and analytics, the company provides a tailored platform designed to bridge the gap between organizational data and effective fundraising actions. Invisible Agents empowers these organizations to utilize advanced technology, such as data visualization and cross-channel communication, to optimize their fundraising strategies. The company's focus is on making data-driven fundraising accessible and actionable, enabling non-profits to raise more funds and improve their overall effectiveness in achieving their missions.

ReelData AI

Grant in 2019
ReelData AI specializes in developing artificial intelligence software tailored for the aquaculture industry. Based in Halifax, Canada, the company offers advanced monitoring solutions for fish farms, utilizing feed cameras to measure key metrics such as biomass, sea lice presence, and overall fish health in real-time. This technology enables fish farms to optimize their operations by providing crucial insights into weight distributions, feeding patterns, and growth analysis. By improving the efficiency of feed usage and enhancing fish health, ReelData AI aims to support aquaculture businesses in maximizing their productivity and sustainability. The company was established in 2019.

Symbi Medical

Grant in 2019
Symbi Medical is a digital health company that provides a procedural care navigation platform designed to help patients manage their health before and after medical procedures. The platform is HIPAA and PHIPA compliant, facilitating thousands of patient interactions through seamless integration with electronic medical record (EMR) vendors. By delivering personalized care journeys at scale, Symbi aids healthcare organizations in enhancing clinical decision-making, managing risk, and improving health outcomes for their patient populations. The company boasts a team of medical advisors affiliated with prominent institutions such as the University of Michigan, St. Michael's Hospital, and Nova Scotia Health. Symbi Medical was acquired by Blue Charm Adherence in March 2021, further expanding its capabilities in the healthcare sector.

Nexus Robotics

Grant in 2018
Nexus Robotics, established in 2017 and headquartered in Halifax, Canada, specializes in developing autonomous robots for the agriculture industry. Their primary product is a weeding robot that effectively removes weeds while preserving crops, using a camera system and AI to differentiate between the two. This robot not only extracts weeds but also provides farmers with crop health data, enabling more informed decision-making.

Ashored Innovations

Grant in 2017
Ashored Innovations specializes in developing sustainability-enabling technologies for the ocean harvest industries. The company is focused on bringing to market innovative solutions, such as an underwater buoy release system designed for trap fishing. This ropeless fishing system allows fishers to deploy ropes and buoys on the ocean floor, which can be recalled when needed, thereby minimizing interactions with marine life and surface vessels. By reducing gear conflict, preventing gear loss and damage, and decreasing ocean waste, Ashored's technology promotes sustainable fishing practices. Additionally, the system incorporates machine learning, sonar, and geo-tracking to collect data on lost traps, allowing for their retrieval and enabling fishing in areas that are typically restricted while safeguarding sensitive marine habitats.

Volta Labs

Grant in 2017
Volta Labs, co-founded by Jevon MacDonald, focuses on fostering a vibrant startup ecosystem in Halifax by prioritizing a founder-first philosophy. Rather than functioning as a traditional accelerator, Volta positions itself as a hub for mentorship and community support, aiming to cultivate world-class founders who can establish successful companies. The organization seeks to nurture new startups and bolster the growth of existing ones while creating supportive frameworks and enhancing the overall brand of the Atlantic startup community. Currently, Volta is home to 13 companies, including TitanFile, FundMetric, and IntroHive, which benefit from the collaborative environment and resources provided. Volta Labs is supported by notable partners, including Omers and Deloitte, reinforcing its commitment to advancing entrepreneurship in the region.

Spring Loaded

Grant in 2014
Spring Loaded Technology Inc. is a Canadian company that specializes in the design and development of bionic knee braces aimed at enhancing leg strength and mobility. Its flagship product, the Levitation knee brace, is recognized as the world's first compact and powerful device that assists with knee extension while alleviating pain and joint compression. The company offers a variety of knee braces tailored for diverse applications, including athletic activities such as skiing, running, and cycling, as well as for individuals dealing with knee osteoarthritis, injuries, and mobility impairments. Spring Loaded's products are engineered to improve performance, reduce fatigue, and support individuals in daily activities, including skilled trades. Established in 2012 and based in Dartmouth, Canada, the company prioritizes the intersection of research and development to create innovative solutions that enhance quality of life. Its products are available for purchase online.
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