Innovacorp, Nova Scotia’s venture capital Crown corporation, has announced 18 companies joining its five Innovacorp Accelerate streams: bluetech, healthtech, agtech, cleantech and software.
The participating companies, which have sales of less than $1 million each and equity investment of less than $250,000, will all receive up to $40,000 in grants -- up from $25,000 for previous cohorts. They will also have access to coaching, monthly workshops and market research from Ontario-based MaRS Market Intelligence Services.
Accelerate, which Innovacorp retooled last summer, replaces both the old, longer program of the same name and the shorter Sprint accelerator. 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.
Here's a look at the participating companies:
AGTECH
Fei Luo — Sydney
Liven is developing fermentation technology to make animal-free protein ingredients and enhance the texture of plant-based foods.
Ed Sosa – Halifax
ZeroIN is a sugar substitute for food and beverage manufacturers.
CLEANTECH
Gaia Refinery
Qinhong (Tammy) Cai – Sydney
Gaia is developing wind-driven methane-capture technology to produce rocket-grade natural gas.
Iris Redinger – Sydney
Material Futures is working on bio-based dyes for textiles and plastics to reduce industrial water pollution.
HEALTHTECH
Atlantic Institute for Resilience (AIR)
Dr. Jackie Kinley and Tim Trussel – Halifax
AIR aims to help enterprises and their staff develop individual and organizational resilience.
Axtion Independence
Tracey McGillivray and Liam Maaskant – Wolfville
Axtion is designing a mobility aid to prevent falls and enable fall recovery.
David Hodgson – Halifax
HOLLO has designed a spacer for asthma inhalers that is small enough to fit in a child's pocket.
NeoCare
Soumendra Singh — Halifax
NeoCare is building a device to non-invasively, painlessly and instantly detect diseases in newborns, including anemia, jaundice and hypoxia.
BLUETECH
Arad Gharagozli – Halifax
Galaxia is an AI-powered system for nanosatellites to detect and identify vessels on the ocean surface.
Rising Tide
Geoff Lebans – Dartmouth
Rising Tide is working on acoustic systems for fish and marine mammal deterrence, guidance and attraction, and control or eradication of invasive species.
Maja Maher – Dartmouth
Voltai has designed compact generators capable of harvesting energy from motion to power marine electronics.
SOFTWARE
Mandhir Singh – Halifax
Easy Platter is a platform for users to hire personal chefs to do their in-home meal-prep on a weekly basis.
Alan Uren – Halifax
Endfirst's OVERGantt is project management software that minimizes errors by finding and verifying hidden dependencies before work begins.
Formula Consulting
Mitchell Kane – Halifax
Formula Consulting makes software to reduce the time and cost of civil construction projects by solving common concrete formwork problems.
Sheldon Brow – Halifax
Pocket Finance is a platform to help financial advisors and their customers improve engagement, data collection and decision-making.
Scient
Masoud Ali – Halifax
Scient is an imaging platform for streamlined geophysical data acquisition and processing for environmental assessments.
Mike Johnson – Hubley
Sideline is a platform that helps sports organizations create safer playing environments by streamlining member screening and education requirements.
Ubiquity Health
Liam McCormick – Sydney
Ubiquity is desveloping software for data collection and verification, coordination and collaboration for insurance claims management.
Disclosure: Innovacorp is a client of Entrevestor.
