Innovative Solutions Canada
Government fundOttawa ยท Pre-SeedโGrowth
Investment thesis
Innovative Solutions Canada is a federal government program operating two funding streams. Under the challenge stream, government organizations set problems and Canadian small businesses compete for funding to prove feasibility and build prototypes. Under the testing stream, the program purchases and tests innovations in real-life settings. The initiative aims to support early-stage development, testing, and validation of prototypes from Canada's top innovators, providing non-dilutive funding to eligible Canadian small businesses to help bring pre-commercial solutions to market.
Source: firm website, verified Aug 7, 2026.
What they invest in
from 34 of 259 portfolio companiesDeep Tech ร12Hardware ร11Cleantech ร9AI & Machine Learning ร8Climate Tech ร7Healthtech ร5Quantum Computing ร5Energy ร4
HQs:Canadaร16United Statesร2United Kingdomร1
Investments ยท 259 tracked
founders shown can be your intro pathAcuva Technologies designs and manufactures UVC LED water disinfection systems for residential, recreational, commercial, and remote water treatment applications, using its IntenseBeam optical lensing technology for mercury-free purification.
CleantechClimate TechHardwareVancouver, CA
1QBit develops computational tools that enable organizations to reimagine and solve complex, previously intractable problems across industries.
Deep TechEnterprise SoftwareQuantum Computing
Bluink offers identity verification, digital ID/digital wallet, and mobile driver's licence (mDL) solutions that let users store encrypted identity data on their own devices and choose what to share.
CybersecurityFintechSaaS
Canurta Therapeutics develops multi-target botanical drugs using its AI-backed PolyKye platform to identify bioactive compounds and guide compound selection, disease targeting, and formulation.
AI & Machine LearningBiotechHealthtech
Circuit Mind develops a platform that converts hardware architecture into verified schematics and bills of materials using algorithms and software for electronics engineers and design teams.
AI & Machine LearningDeveloper ToolsHardwareLondon, GB
TomideBasilioEd
Cloud DX develops the Connected Health platform, including remote patient monitoring software, mobile apps, and devices such as VITALITI for capturing vital signs.
Digital HealthHealthtechMedical DevicesKitchener, CA
Browse all 259 investments with full details โ
โถ59 more tracked companies
Screen-Shot-2021-12-10-at-1.23.16-PMSecureKey Technologies Inc.SEIN Industries LTDSensoreal Inc.SensorUp IncShaddari Inc.Shift Environmental Technologies Ltd.Single Quantum Systems WebsiteSingular Solutions Inc.Sinopa Energy Inc.Sirati and Partners Consultants LtdSkyWatch Space Applications Inc.Smarter Alloys Inc.SoftwareQ Inc.Solana Networks Inc.Solutions AvancรฉesSpace Strategies ConsultingSparta Manufacturing Inc.Spartan Bioscience Inc.Spectra Plasmonics Inc.Spectronix IncStedfast incSteel Mirror Inc.Stema Punch and Die Inc.STRATUSCENT INC.Studio 1 Labs Inc.SUNSET Renewable Asset MgtTacteris Systems IncTelops Inc.Terra CO2 Technologies IncTerraFixingTerragon Environmental Technologies Inc.TerrisTetra Bio-Pharma Inc.Thorntech IncTitan Clean Energy Projects Corp.Tradvo Inc.TransEON Inc.Tribal Wi-Chi-Way-Win Capital CorporationTrido Industries Inc.TRIUM Environmental Inc.Troo CorporationTruly Northern Inc.Universal Matter Inc.VascuBio Innovation Inc.Vectis Drive Inc.VEI Contracting Inc.Vertex Environmental Inc. (VEI) ContractingVision Composites Inc.Vital Biosciences Inc.Volta Energy IncWebisoft Technologie Inc.Western Maple Bio ResourcesWin-Shield Medical Devices Inc.Worldreach (Formerly AMITA Corporation)Xanadu Quantum Technologies IncXtract Technologies IncXVP PhotonicsZentek Ltd.
Portfolio news
latest coverage across their companiesNord Quantique ยท techtimes.com ยท Jul 14, 2026
SensorUp Inc ยท privatecapitaljournal.com ยท Jun 3, 2026
Frequently asked questions
- What stage does Innovative Solutions Canada invest at?
- Innovative Solutions Canada invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth stages.
- What is Innovative Solutions Canada's typical check size?
- Innovative Solutions Canada typically writes checks of $2M.
- What sectors does Innovative Solutions Canada focus on?
- Innovative Solutions Canada focuses on Cleantech, Deep Tech, Defense Tech, GovTech, Sector Agnostic.
- Where is Innovative Solutions Canada located?
- Innovative Solutions Canada is headquartered in Ottawa, CA.
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