The Canadian Innovation Exchange on Friday named ClearRisk of St. John’s to the 2011 list of Canada’s 20 most innovative technology companies.

Five-year-old ClearRisk Inc. is an SAAS venture that helps mid-level insurance brokers assess risk. Led by CEO Craig Rowe, it got a major boost this year when GrowthWorks Atlantic and the First Angel Network teamed up to back it with $1.2 million.

The CIX Top 20 divides its winners into two groups: Information and communications technologies and digital media. ClearRisk is in the digital media group and will deliver a presentation on its business at a CIX ceremony on Dec. 1 at the MaRS Discovery District in Toronto.

The risk management applications provider was also recently awarded the Hubspot Inbound Marketing Success Story of the Year Award at the 2011 HubSpot User Group Summit. Hubspot is a maker of inbound marketing software based in Cambridge, Mass.