Four Halifax clean technology startups have been accepted into Innovacorp’s CleanTech Development Program.

The provincial venture capital and innovation agency established the program to help early-stage companies meet technical and business goals. It awards each winner as much as $50,000 in non-dilutive, non-repayable funds to help them bring their products to market. The goal is to help these businesses access international markets.

The CleanTech Development Program, which is funded in part by the Atlantic Canada Opportunities Agency, opened applications in January to companies with less than $1 million in cumulative sales. 

Here are the companies that will participate in the program, as well as the amount of funding each received:

Global Spatial Technology Solutions, $50,000: 
This company, headed by Richard Kolacz, uses data monitoring and analysis via satellite data to optimize routes for the region’s shipping industry.

Peer Ledger, $50,000: 
Dawn Jutla’s company uses blockchain technology to identify and ensure ethical supply of precious metals and minerals for the electronics manufacturing industry.

Rimot.io, $25,000:  
Founded by Andrew Boswell and James Craig, Rimot monitors and manages remote infrastructure like radio towers, marine navigation equipment etc. to lower disruptions and maintenance costs.

B-Line, $25,000:   
Founders Aaron Short and Torrin Swanson are developing a technology that helps property managers and engineers easily collect transportation-usage data from occupants to maintain green-building certifications.

Disclosure: Innovacorp and ACOA are clients of Entrevestor.