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 that connects financial professionals with consumers, aiming to deepen advisor-client engagement, streamline processes, and broaden access to financial advice. It includes a consumer mobile app and a professional web portal, supporting financial planning, data collection, and access to a marketplace of financial products. The platform provides real-time actionable insights and automated reports through the advisor portal, enabling instant guidance across financial matters and helping investors improve financial literacy.

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. It offers services for fish and marine mammal deterrence, guidance, attraction, and control or eradication of invasive species, aiming to improve marine environments and reduce environmental impact.

Ubiquity Health

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

Formula Consulting

Grant in 2022
Formula Consulting develops software aimed at reducing time and cost in heavy civil construction projects. Their innovative digital solutions address common formwork challenges, providing accurate estimates and designs that adhere to industry codes.

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 is a chemical company that leverages micro-organisms to produce dyes, serving as a compact dye-production platform for textiles, paints, and coatings. It manufactures masterbatches and textile dyes, delivering environmentally friendly color solutions intended to reduce industrial water pollution.

Gaia Refinery

Grant in 2022
Gaia Refinery develops modular carbon removal technology that integrates with existing industrial operations to convert bio-based waste streams into permanent CO2 removal. Its Bio-DAC plug-in system leverages underutilized biomass and industrial waste to capture carbon dioxide with lower energy requirements than traditional direct air capture, aiming for scalable decarbonization of bio-industrial sectors such as biochar, bio-oil, pulp and paper, ethanol, and forestry. The technology is designed to be embedded in refineries and industrial facilities to provide cost-effective, permanent CO2 removal, including storage in underground, soil, oceans or trees, depending on deployment. Gaia aims to help organizations meet net-zero targets while improving resource efficiency and waste management. The company positions itself as enabling practical decarbonization by turning waste streams into climate value, offering a pathway to reduce industrial emissions through a modular, feedstock-friendly approach.

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
Founded in 2015, Oneka Technologies develops wave-powered desalination systems that convert ocean water into drinkable water. Its modular units aim to provide sustainable and affordable drinking water solutions for water-scarce regions worldwide, reducing costs by up to 75% compared to traditional methods.

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 digital inventory tracking and traceability solutions for the seafood industry. They facilitate the transition from manual processes to digital tools, providing real-time visibility of 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 develops a directional ultrasonic leak detector compatible with tablets and smartphones. Its product identifies and quantifies leaks in industrial facilities, utilizing cloud-based software for analysis and reporting to streamline leak management processes, reduce energy consumption, and minimize environmental impact.

myFlock

Grant in 2020
myFlock streamlines poultry farming by offering flock management services that enhance efficiency and reduce operational risks. Their solutions include automated reporting, smart alarm monitoring, and trend analysis, empowering farmers and poultry owners to effectively manage their flocks.

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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