Five Nova Scotia clean technology companies have been selected to participate in the inaugural cohort of Innovacorp’s CleanTech Accelerate Program, the Nova Scotia innovation agency has announced
Innovacorp exeucutives, including CEO Stephen Duff, for several years has been discussing ways to bring the mentoring available to IT companies, to other parts of the innovation community. Duff has noted that Propel ICT has strong programming from IT companies across the region, but little exists for startups in other sectors.
Innovacorp has also recently announced an early-adopter program for oceans technology companies.
In addition to the financial support, program participants in August joined thenextphase, a three-day business acceleration workshop, at no cost.
The cohort will receive training and mentor support through an Atlantic affiliate of Ecofuel, a Montreal-based clean technology accelerator. Programming will include a mix of videoconferencing and face-to-face sessions.
Innovacorp said it received 23 applications for CTAP from companies across Nova Scotia. A second cohort will be selected in December for a January to March 2017 session, with the deadline for that cohort to be announced in the fall.
The following companies were selected for the cohort and will each receive $20,000 cash to help them prepare to launch the project and move closer to investment readiness:
AgSeed Technologies (Canada) Inc., Sandra Newbold, Trevor Newbold, Bible Hill – AgSeed Technologies develops agriculturally based biochemical and biomaterial products. The company offers proprietary bio-based composite materials for the furniture and green building markets. The technology to make these renewable, sustainable products will be distributed through a licensing model.
Charged Engineering Inc., Lukas Swan, Chris White, Halifax – Charged Engineering develops technologies for lead-acid battery manufacturers. The company is commercializing new methods for measuring and reporting on battery state during production. The innovations enable manufacturers to save money and increase efficiency while making higher quality batteries.
Dingbot Ltd., Jonathan Underwood, Halifax – Dingbot uses emerging and established technologies to simplify the collection and mining of data in aquatic environments. The company designs and builds small robotic vessels that ease the execution of on-water data collection missions. Powered by electric motors, these vessels are emissions-free and safe for protected environments.
NeoThermal Energy Storage Inc., Louis Desgrosseilliers, Moe Kabbara, Jill Johnson, Halifax – NeoThermal Energy Storage, or NeoTES, has developed patent-pending chemical heat storage cells, improving the form and function of electric storage room heaters. The technology will help homeowners, renters and businesses take advantage of time-of-day electricity rates, saving customers up to 50 percent on their heating bills.
XTidal Inc., Craig Chandler, Sue Molloy, Rob Crutcher, Steve De Belie, Bedford – XTidal develops small-scale in-stream energy solutions. The XTidal Instream Platform, or XIP, technology uses tidal or river currents to generate renewable electricity for small applications. The product is ideal for communities, remote locations, or facilities that want electrical utilities to supplement grid power supply. The technology will be brought to market through direct and channeled sales and a licensing model.
Disclaimer: Innovacorp is a client of Entrevestor.
