Invest Nova Scotia has announced the 12 companies joining the second 2023 cohort of its Accelerate startup program.
Now in its third year, Accelerate offers participating startups four months of business and technical training and $40,000 of funding. It is completely virtual and aimed at companies that have already established market opportunities for products based on science or engineering-related intellectual property, as well as having completed or nearly completed a proof of concept or prototype.
Four of the cohort companies are software plays, one is a bluetech business, three are in cleantech and three are in healthtech. One company, Aruna Revolution Health, is producing a consumer goods product, but is classed as an agtech business by Invest Nova Scotia because its manufacturing process uses fibres derived from crop waste.
Here’s a look:
AGTECH
Rashmi Prakash, Gurleen Bajwa
Halifax
Aruna has developed compostable menstrual pads made from natural fibres extracted from food and crop waste.
CLEANTECH
Acuicy
Allison Murray, Dawn Skinner
Halifax
Acuicy sells business intelligence software designed to help reduce emissions from supply chains.
Lab 4
Nifemi Oguntuase
Halifax
Ensuring sustainable access to vital minerals through lithium-ion battery recycling
Sarah Graham, Roya Aghighi
Sydney
Lite-1 is working on sustainable dyes produced by microorganisms to replace synthetic colours.
HEALTHTECH
KardioDiagnostix
Robert Chen, Santokh Dhillon
Halifax
KardioDiagnostix is developing an artificial intelligence system to help doctors assess whether a patient’s cardiac murmur is caused by a heart defect.
Rafaela Andrade, Dylan Deska-Gauthier
Halifax
Myomar has developed a urine test to monitor muscle degeneration, which can be caused by diseases like amyotrophic lateral sclerosis, or ALS.
Resolve Health Data
Chris Crowell
Halifax
Resolve aims to solve the problem of unstructured data in the healthcare sector, which can interfere with efficiently treating patients.
OCEANTECH
Dilan Jaunky
Sydney
GC Lipid Tech plans to use microalgae as an ingredient to make sustainable fish feed.
SOFTWARE
Ashwin Razdan, Katerina Msafari
Halifax
Software that bridges social media platforms with common metrics to deliver actionable insights for marketers.
Jane Crowell, Faran Siddiqui, Ryan Grant
Halifax
East Bay sells white label trading and exchange systems for low-latency, high-frequency trading shops.
Jybe Financial
Michael Tiller
Halifax
Jybe is a buy-now-pay-later platform to help consumers save money on digital subscriptions. (Digital subscriptions billed annually usually come with a discount, but have historically required a greater up-front outlay.)
Zac Davies, Donald Jessome
Halifax
Oltre sells software for personalized tax and estate planning.
