TitanFile Inc. is a young company with a mighty full trophy cabinet.

The Dartmouth enterprise on Tuesday was named runner-up in the Alpha Exchange Innovation Campaign Live Pitch-Off Competition at the OCE Discovery 2012 show in Toronto.

More than 200 innovators from across the country entered the contest, and 10 finalists were invited to attend OCE Discovery, an event showcasing the leading-edge technologies from the health, manufacturing and technology sectors.

TitanFile, whose technology offers better ways to communicate and collaborate online without having to worry about security and privacy, took second place, receiving a $15,000 prize pack. Toronto-based EidoSearch, a search and discovery tool for financial professionals, was the overall winner.

“The competition was fierce, and we were honoured to be among such talented entrepreneurs,” said Milan Vrekic, co-founder and CEO. “We are truly humbled to be recognized among the top innovative companies in Canada.”

TitanFile was recently named by the Branham300 as one of the Top 25 Canadian Up and Coming ICT companies and is a finalist for this year’s Manning Innovation Award. Last year, TitanFile Inc. won a Canada-U.S. Innovation Award as well as a Cloudy Award in the category of People’s Choice: Best Cloud Newcomer, presented at SXSW.

The company was launched in 2010 and last year was a finalist for the 2011 Deloitte Technology Fast 50 companies-to-watch list.