Innovative Solutions Canada
Government fundOttawa · Pre-Seed–Growth
Find your way into Innovative Solutions Canada
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 203 of 259 portfolio companiesDeep Tech ×74Hardware ×73Cleantech ×56AI & Machine Learning ×45Advanced Manufacturing ×40New Materials ×38Climate Tech ×29Enterprise Software ×29
HQs:Canada×134United States×9United Kingdom×2
Who they back
founder profiles across 71 portfolio companiesFounding team size:solo founder×492 founders×133 founders×44+ founders×5
Where their founders studiedfrom 62 founders with education data
University of Waterloo ×15University of Alberta ×6McGill University ×5University of Ottawa ×4University of Toronto ×4Concordia University ×2Queen's University ×2Sharif University of Technology ×2
What their founders studiedfrom 59 founders with field-of-study data
Engineering ×30Computer Science ×11Life Sciences ×7Business & Management ×6Physics ×6Mathematics & Statistics ×4Economics ×2Finance & Accounting ×2
Where their founders worked beforefrom 66 founders with career history
University of British Columbia ×5Institute for Quantum Computing ×3Nortel Networks ×3University of Calgary ×3Logistik Unicorp Inc. ×2McGill University ×2National Research Council Canada / Conseil national de recherches Canada ×2Perimeterinstitute ×2
25 founders hold a PhD · 3 hold an MBA (of 63 with degree data)
Investments · 259 tracked
founders shown can be your intro pathBy year:2026 · 12024 · 12019 · 12011 · 14 dated
Labforge offers a 3D tracking and positioning system using AI-powered smart cameras to detect and monitor multiple objects in real-time without markers or tags, displaying results on an interactive geospatial map for situational awareness in critical operations.
Advanced ManufacturingAI & Machine LearningDeep TechDefense TechHardwareWaterloo, CA
Yassir Rizwan(CEO, co-founder)inThomas Reidemeister(CTO, co-founder)inSebastian Fischmeister(Director, co-founder)in
FEED Engineering (FFED) provides comprehensive front-end engineering and design (FEED) services for oil and gas production and processing facilities, including mechanical design, process engineering, instrumentation and control systems, electrical design, and civil engineering.
EnergyEnterprise SoftwareHardware
Co-investorsForesight
EdgeFirst AI, from Au-Zone, is a technology suite and MLOps platform for 3D visual and 4D spatial perception, combining AI perception models, a radar-vision fusion engine, annotation and training tools, and field-ready sensor hardware modules.
AI & Machine LearningMobility & TransportationRoboticsCalgary, CA
Brad Scott(CEO)in
1QBit develops computational tools that enable organizations to reimagine and solve complex, previously intractable problems across industries.
Deep TechEnterprise SoftwareQuantum Computing
Andrew Fursman(Founder)in
Co-investorsGen CapitalSCB 10X
AccessNow is a technology and community platform that helps people discover accessible places and opportunities while advancing cultural change toward inclusion.
ConsumerImpact & Social GoodSocial
Maayan Ziv(Founder, CEO)in
Acuva 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
Co-investorsBDC Fund Investments (Fund-of-Funds)BDC Venture CapitalForesightBDC Capital Corporation
Aerosystems International manufactures specialized electrical and mechanical assemblies, harnesses, cables, and ground support equipment for aircraft.
Advanced ManufacturingHardwareSpace Tech
Afel Technologies is a startup that turns ideas into prototypes to raise their Technology Readiness Level, offering services such as mechanical, electrical and industrial design, firmware, simulations, and manufacturing.
Deep TechHardwareRobotics
aiRadar develops compact, lightweight radar imaging systems with high resolution and adaptive cognitive capabilities for commercial and military applications.
AI & Machine LearningDeep TechDefense TechHardwareBurnaby, CA
Peter Foxin
Akimbo Technologies builds an intrusion-tolerant cybersecurity system based on its patented Fault-Tolerant Distributed Computing (FTDC), branded DEFENSA, which detects and corrects cyberattacks in real time on mission-critical operating systems without a cloud connection.
CybersecurityDeep TechDefense TechKanata, CA
Behrouz Poustchi(Founder, Director & CEO/CTO)inRod Weir(Chief Revenue Officer)inLance Davis(Chief Financial Officer)inMassoud (Mac) Poustchi(Vice President - Marketing)
AllSeeing develops electromagnetic detection technologies including radar, lidar, and sonar solutions for defense, aerospace, and environmental applications.
Deep TechDefense TechHardware
AMTech Group provides engineering services including aircraft modification and repair design with regulatory design approvals (Transport Canada, FAA, EASA), defence systems prototyping and integration specializing in military engineering, autonomous vehicles and chemical/biological defence, and automation work such as PLC/SCADA and HVAC building control systems.
Defense TechRoboticsSpace Tech
Brickeye offers an IoT-enabled construction risk intelligence platform combining ruggedized job site hardware, connectivity, and software to detect site conditions like water risks and provide early warnings.
Construction TechInsurTechIoT
Co-investorsGreenSky Ventures
Applied Mind Inc. develops wireless sensor technology, including its Hyperion software-defined radio (SDR) sensors and applications, for the security and public safety sector.
Deep TechDefense TechHardware
Applied Quantum Materials designs and manufactures silicon, carbon, and germanium nanomaterials and their chemical precursors for advanced technology applications.
BiotechDeep TechNew MaterialsQuantum ComputingSemiconductorsEdmonton, CA
Dr. David Antoniuk(CEO & Co-founder)Dr. Jonathan Veinot(CTO & Co-founder)
Arise Industries builds custom AI software and forensics tools for high-stakes operational environments, serving public sector clients including law enforcement and defense.
AI & Machine LearningDefense TechGovTech
Ashored develops fixed-gear fishing technology aimed at reducing marine animal entanglements caused by traditional buoy-and-rope trap systems.
Climate TechHardwareImpact & Social Good
Co-investorsCreative Destruction Lab (CDL)
AKA Energy Systems designs, manufactures, and supports power and propulsion systems for island, microgrid, marine, offshore oil and gas, and land-based applications.
Advanced ManufacturingCleantechEnergyHardwareMontague, CA
Atmose builds instruments to measure and condition ultrafine aerosol particles in a range of field locations, addressing gaps in conventional air-quality measurement systems.
CleantechClimate TechHardware
Tyler Johnson(Founder)in
Co-investorsCreative Destruction Lab (CDL)
Audesse designs intelligent autonomous systems and electronic control units for automotive fleets to reduce operating costs and enable vehicle innovations.
AI & Machine LearningHardwareIoTMobility & TransportationKitchener-Waterloo, CA
Co-investorsWaterloo Accelerator Centre
Axipolymer develops advanced plastic materials for industrial applications with a focus on environmental sustainability and circular economy principles.
Advanced ManufacturingCircular EconomyCleantechNew Materials
BC Research Inc. is a chemistry-focused contract research and development company offering laboratory, bench-scale, and pilot-scale research services for chemical process innovation.
BiotechCleantechDeep TechEnergyNew MaterialsVancouver, CA
A provider of cloud platforms and solutions for enterprise data management, machine learning, customer relationship management, and virtual machines, serving business customers.
AI & Machine LearningCloud ComputingData & InfrastructureEnterprise Software
Block 64 provides unified IT asset visibility and inventory management across SaaS, cloud, software, endpoints, and on-premises infrastructure through a single platform.
Cloud ComputingCybersecurityEnterprise SoftwareSaaS
Bluink provides remote identity verification and digital ID solutions for Canadian organizations seeking to verify customer identities and mitigate fraud risk.
CybersecurityEnterprise SoftwareFintechSaaSOttawa, CA
Steve Borza(Founder)in
Co-investorsL-SPARK
Bornea Dynamics provides research and development, AI/machine learning, engineering, and cyber intelligence services across mechatronics, electrical, and chemical disciplines.
AI & Machine LearningDeep TechEnterprise SoftwareHardware
BOSK Bioproducts develops, manufactures, and distributes biobased, compostable, food-contact certified PHA-based compounds and finished products under the REGEN™ brand as an alternative to petrochemical plastics.
Circular EconomyCleantechNew Materials
BRAEBON is a single-source provider of PSG sensors, accessories, Home Sleep Testing (HST) systems, therapeutic intraoral appliances, and software solutions for sleep medicine.
Digital HealthHardwareMedical Devices
Richard A. Bonato(Founder & Chief Executive Officer)Don C. Bradley(Retired Founder)Richard A. Bonato, Ph.D, RPSGT(Founder & Chief Executive Officer)Don C. Bradley, B.Sc(Retired Founder)
Brash is a product design and engineering studio that helps entrepreneurs, startups, and established companies develop products from concept to launch.
Deep TechHardware
Tengiva builds commerce software designed specifically for the textile industry, serving manufacturers, distributors, and retailers across fashion, uniforms, and technical textiles.
AgTechB2B MarketplacesE-commerceSaaS
Annie Cyr(CEO & co-founder)inCarlos Agudelo(COO & co-founder)in
Stablecorp issues QCAD, a Canadian dollar stablecoin backed 1-to-1 by reserves held at regulated financial institutions and governed by a Canadian prospectus-based regulatory framework.
Crypto & Web3Fintech
Co-investorsBorderless VentureCoinbase VenturesCircle VenturesDeFi TechnologiesSide Door Ventures
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
Akeem Gardner(Founder)in
Co-investorsWaterloo Accelerator Centre
CarbiCrete develops a carbon removal technology that enables the production of cement-free concrete by using industrial steel slag and injecting CO2 to provide strength while sequestering carbon.
Circular EconomyCleantechClimate TechConstruction TechNew MaterialsQuebec, CA
Co-investorsAera VCBDC Climate Tech Fund IINew Climate VenturesSQN Venture Partners, LLCFondactionFonds de solidarité FTQ+1 more
CBCL is an engineering firm that develops practical solutions integrating social, economic, and environmental considerations into project design and implementation.
CleantechClimate TechConstruction TechImpact & Social Good
CEMWorks develops physics-based electromagnetic simulation software for electronic design automation (EDA), targeting engineers working on semiconductors, wireless systems (5G/6G), aerospace, automotive, and defense applications.
Deep TechSaaSSemiconductors
Jonatan Aronsson(Founder & CEO)in
Chaac provides VR training modules, drone-based data collection, and photogrammetry solutions for immersive learning and field operations across industries including construction, surveying, and defense sectors.
AI & Machine LearningDeep TechDefense TechEnterprise SoftwareFuture of WorkHardwareSector Agnostic
Chalumeau develops electrification technologies to reduce carbon emissions in cement manufacturing.
Advanced ManufacturingCleantechClimate TechEnergy
Benoit Boulet(Chief Executive Officer)Mostafa Darabi(Chief Operating Officer)Pooya Maghoul(Chief Technology Officer)
Co-investors2 Degrés
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.
Advanced ManufacturingAI & Machine LearningDeveloper ToolsHardwareLondon, GB
EdTomide Adesanmi(CEO)inBasilio Gentile(CTO)in
Co-investors7percent VenturesBlackhorn VenturesCreative VenturesDifferential VenturesEntrepreneur FirstEpisode1+4 more
Circulus develops systems that use ion activity monitoring to optimize nutrient concentrations in agricultural operations, replacing chemical fertilizers with organic alternatives while leveraging data analytics to improve extraction efficiency and yield.
AgTechCircular EconomyCleantechMontreal, CA
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
Co-investorsWaterloo Accelerator Centre
Coanda is a research and engineering firm that brings together scientists, engineers, and technologists to solve technical challenges for clients across various industries.
Advanced ManufacturingAI & Machine LearningDeep TechDeveloper ToolsEnterprise SoftwareBurnaby, CA
Darwin Kiel(Founder)in
CogniFrame develops quantum computing and machine learning solutions for financial applications.
AI & Machine LearningDeep TechFintechQuantum Computing
Vish R.(Founder & CEO)
Co-investorsCreative Destruction Lab (CDL)
Columbiad Launch Services is a commercial space launch company developing a high-volume Industrial Sounding System based on gun propulsion technology to provide low-cost access to space.
Deep TechHardwareSpace Tech
Complex System Inc.
Advanced ManufacturingAI & Machine LearningRoboticsCalgary, CA
Convergent Manufacturing Technologies develops software and hardware for computer simulation and risk evaluation in composite manufacturing for the aerospace industry, covering thermal, flow, porosity, stress, and distortion analysis.
Advanced ManufacturingDeveloper ToolsHardwareNew MaterialsSaaSVancouver, CA
Copol International manufactures custom Cast Polypropylene (CPP) films in gauges from 20–200 μm and widths up to 1.9m, offering customized batch sizes and rapid delivery.
Advanced ManufacturingNew Materials
COSIOR Groupe is a managed IT services provider offering flexible hybrid models for companies of all sizes, covering IT infrastructure, cybersecurity, cloud solutions, and helpdesk support.
Cloud ComputingCybersecurityEnterprise SoftwareQuebec, CA
CriSys provides software systems to automate emergency (911) and urgent (311) call center operations for public safety agencies including police, fire, EMS, and emergency management.
AI & Machine LearningEnterprise SoftwareGovTechSaaS
CyberStrykes provides cybersecurity services focused on maintaining the integrity of complex computational systems, including AI camera systems, exploit reversing, secure code deployment, threat intelligence, and IT operations management.
CybersecurityMontreal, CA
D&I Solutions develops technology to detect and interdict unauthorized wireless communications, targeting contraband cell phone use by inmates in correctional facilities.
Deep TechGovTechHardware
DowClear provides water treatment solutions that remove suspended solids, adjust pH, reduce total dissolved solids, and treat biological and chemical contaminants including metals, organic compounds, hydrocarbons, and anions from industrial wastewater.
CleantechClimate TechEnterprise SoftwareHardware
Jason Downey, P.Eng., MBAin
Drone Vision International rents and manages drone-based equipment and provides expertise to capture, digitize, and process aerial images and related data for clients.
Data & InfrastructureHardwareRobotics
Dyze Design develops components for 3D printers, including hotends, extruders, and sensors that control material supply and deposition.
Advanced ManufacturingHardwareRoboticsMontreal, CA
E.O.I Technologies Inc., based in Calgary, is developing a laser-based sensor that measures vibration in industrial equipment from a distance.
AI & Machine LearningIoTCalgary, CA
Co-investorsTechstars
Eco Enviro Labs is a research and development company with a multidisciplinary team in chemistry, biology, material science, environmental sciences, and physics that develops scientific solutions to ecological and environmental problems.
AgTechCleantechClimate Tech
EcoMendix Innovation and Trading Ltd. provides engineering and consulting services in renewable energy (solar, wind, hydrogen, hybrid systems), process engineering for energy, oil & gas and petrochemical industries, building energy efficiency, and AI-driven robotics for precision agriculture and industrial automation.
CleantechEnergyRoboticsVancouver, CA
Amin Mostafavi(Co-Founder & CEO)in
Effigis provides resilience solutions for utility distribution networks, focused on extending the service life of wooden utility poles.
CleantechEnergy
Ekidna develops a lab-on-a-chip system for rapid, decentralized testing of cannabinoids, using electrochemical sensors to detect compounds in various sample types.
AgTechBiotechDeep TechHardwareSanta Fe, US
Nic Boileau(Co-founder & CEO)inAdam Shuhendler(Co-Founder & Advisor)inCory Harris(Co-founder & Advisor)Benoît H. Lessard(Co-Founder & Advisor)inAlexander Koglin(Executive Officer, Director, Promoter)Thomas R. Nickoloff(Executive Officer, Director)
Co-investorsCapital Angel Network
Ekstera develops Stirling engines that convert industrial waste heat into electricity, serving manufacturers seeking to reduce energy costs and carbon emissions.
Advanced ManufacturingCleantechClimate TechEnergyOntario, CA
Brendan MacDonald(Founder)in
Co-investorsUCeed Funds
Enns Brothers is a John Deere dealership offering new and pre-owned agricultural equipment, lawn and garden machinery, golf course equipment, and compact construction vehicles across multiple Manitoba locations.
AgTechData & InfrastructureRetail TechWinnipeg, CA
Envisioning Labs is a deep tech innovation firm that co-develops technologies to counter climate change and reduce greenhouse gas emissions, working across sectors such as mining, wildfire detection, marine conservation, and advanced manufacturing.
CleantechClimate TechDeep TechVancouver, CA
Evenset is a software development agency that builds custom digital products, offering backend, frontend, and mobile development, machine learning, and product design services.
AI & Machine LearningDigital HealthSaaS
Mahshid Yassaei(Founder)in
Excir develops proprietary chemistry to extract precious metals — gold, palladium, and platinum — from sources such as e-waste and spent catalytic converters.
Circular EconomyCleantechNew Materials
Aaron LoganinAaron Logan, P.Eng(Chief Executive Officer, and Board Director)Jim Fox, MBA(Executive Chairman, and Board Director; former CEO)
Voxia is a wearable control interface that converts intentional vocal cord activation, such as a hum, into real-time input, allowing people with severe motor and speech impairments (e.g.
Digital HealthHardwareMedical Devices
Facca Incorporated is a heavy-civil construction contractor specializing in bridges and culverts, serving clients including the Ontario Ministry of Transportation.
Construction TechRuscom Station, CA
Sante Facca(Founder)
A company that manufactures ultrafast laser systems and optical components for pulse compression and frequency generation, serving scientific research and industrial applications.
Advanced ManufacturingDeep TechHardwareNew MaterialsMontreal, CA
FLUIDEFI is a professional services and platform provider specializing in AI, blockchain, and decentralized finance solutions for enterprise clients including banks, law enforcement agencies, accounting firms, and blockchain networks.
AI & Machine LearningCrypto & Web3Data & InfrastructureFintech
Louis Sirico(CTO)Lisa Loud(CEO)in
Co-investorsGrizzly CapitalPhaze VenturesTDeFi
Forsite operates an integrated aerial and geospatial intelligence platform combining LiDAR data collection, pipeline patrol, wildfire science, and professional forestry services for critical infrastructure operators and land managers across North America.
AI & Machine LearningCleantechClimate TechData & InfrastructureEnergy
Fourien develops microfluidics-based instruments and sensors for nanoscale diagnostics and analytical measurements in biotech and pharmaceutical industries.
BiotechDeep TechHardwareMedical Devices
FoxWise provides security and hardware/software solutions, offering comprehensive digital security services and multi-vendor hardware and software integration for organizational resilience and optimization.
Cloud ComputingCybersecurityEnterprise SoftwareGovTechHardwareOttawa, CA
FREDsense builds biologically-based sensing technology that uses synthetic biology, electrochemistry, and electrical engineering to monitor water quality.
BiotechCleantechClimate TechHardware
Emily Hicks(Founder)inDavid Lloyd(CEO & Co-Founder)inMaggie Renaud-Young(Lead Scientist (Co-Founder))inMelanie McClare(Chief Commercial Officer)inSusan Sutherland(Head of Marketing)in
Co-investorsEmerald Technology Ventures AgForesightFundersClubHG VenturesBDC Capital Corporation
Galenvs is a contract research organization offering design, development, testing, and bio-manufacturing services for healthcare and industrial customers.
BiotechMedical DevicesNew Materials
Roa A. Gawad(Founder)in
Sweet Gazoil develops patented pyrolysis and Surface Flash Cracking technologies that convert mixed waste plastics and heavy or used/waste oils into diesel fuels and other useful products.
Circular EconomyCleantechEnergy
Gene BioSystems manufactures ready-to-use qPCR reagent kits for quantitative PCR analysis across major real-time PCR systems.
BiotechDeep TechE-commerceHealthtechToronto, CA
A maritime domain awareness and intelligence platform that transforms operational data into actionable intelligence for logistics and shipping organizations to optimize operations, manage risks, and maintain supply chain visibility.
AI & Machine LearningClimate TechData & InfrastructureEnterprise SoftwareLogistics & Supply Chain
Co-investorsEcofuel Fund
GLC Inc. develops custom graphene applications and solutions for global markets.
Advanced ManufacturingCleantechDeep TechMedical DevicesNew MaterialsEdmonton, CA
Green PI Inc. provides design engineering services spanning mechanical, electrical, and structural disciplines, along with energy management and software services.
CleantechEnergySaaSMississauga, CA
GreenMantra Technologies transforms plastic waste into high-performance materials through molecular recycling technology, breaking down post-consumer polypropylene and polyethylene for use in commercial applications and circular economy solutions.
Circular EconomyCleantechNew MaterialsToronto, CA
Co-investorsArcTern VenturesClosed Loop PartnersCycle Capital
GWS Farms Inc. is a family-owned agricultural business focused on grain production in northwest Iowa with five generations of farming experience.
AgTechLogistics & Supply ChainSioux Rapids, US
Haply develops force-feedback haptic devices and robotics workflow tools that let users physically feel digital, simulated, and robotic interactions through resistance, texture, pressure, and contact.
Deep TechHardwareRoboticsMontreal
Colin Gallacher(Director)inNicolas Gravel(Director)Yi Ding(Director)
BoardShachar Oren(Director)in
Co-investorsDraper AssociatesHustle FundSound Media Ventures
Hatfield is an environmental consultancy providing multidisciplinary services in environmental and social sciences to advance sustainable development, serving private sector clients in industries like mining, energy, and forestry, as well as public sector organizations and Indigenous communities across Canada and internationally.
CleantechClimate TechImpact & Social GoodNorth Vancouver, CA
Chris Hatfield
Hoola One designs and manufactures technologies for decontaminating soils affected by plastics and microplastics, with a focus on plastic pellet (nurdle) spills.
Circular EconomyCleantechHardware
Jean-Félix Tremblay(Founder)in
Co-investors2 Degrés
HSI delivers human factors and systems integration services across defense, nuclear power, emergency response, healthcare, and occupational safety sectors.
Deep TechDefense TechHealthtechSaaS
ANVIL is a data fusion and intelligence platform serving Canadian and allied defense organizations for operational intelligence, strategic threat analysis, and tactical field operations.
AI & Machine LearningData & InfrastructureDefense TechGovTech
Integran Technologies provides electrochemistry and materials science expertise to help customers develop advanced products from concept through mass production.
Advanced ManufacturingDeep TechNew Materials
Dr. Gino Palumbo(President & CEO)
Integrated Nanotherapeutics develops lipid nanoparticle science and drug formulations for therapeutic applications.
BiotechDeep TechHealthtech
Chris Tam(Co-founder and CEO)inSam Chen(Co-founder and Director of Formulation Development)inHeather Denroche(Co-founder and Director of Preclinical Development)inJosh Zaifman(Co-founder and Director of Chemistry)in
Intelligent Technologies, Inc. is a consulting firm offering business planning, market research, due diligence, and early-stage business development services, with a particular focus on eCommerce and Amazon eCommerce.
E-commerceEnterprise Software
Muse is a brain-sensing wearable platform that combines EEG and fNIRS technology to help users improve sleep, manage stress, and enhance cognitive performance through real-time neurofeedback.
AI & Machine LearningConsumerHardwareHealthtechWellness & FitnessToronto
Ariel Garten(Co-founder and Chief Evangelism Officer)inChris Aimone(Co-founder and Chief Innovation Officer)inTrevor Coleman(Executive Officer, Director)inDerek Luke(Executive Officer)
BoardJason Wong(Director)Sid Paquette(Director)in
Co-investorsFf Venture CapitalIter InvestmentsNew Ground VenturesOMERS Ventures
Iris R&D Group provides an AI and computer vision system for automated road patrolling and roadway asset management, combining plug-and-play dash cameras (irisGO) with a data visualization dashboard (irisCITY).
AI & Machine LearningGovTechSaaS
Co-investorsWaterloo Accelerator Centre
iTel Networks provides managed connectivity and network services for multi-location enterprises across North America, aggregating over 160 carriers into a unified managed network with centralized control, SD-WAN, voice, and cloud integration capabilities.
Cloud ComputingCybersecurityEnterprise SoftwareHardwareIoTSaaSCanada, CA
Co-investorsAnzu Partners
Jeosal Materials develops polymer-based materials to replace rare metals in electrical conductivity applications and advances recycling technologies to divert plastics from landfills.
Circular EconomyCleantechNew MaterialsKingston, CA
Co-investorsForesight
Ki3 Photonics develops hardware and software modules for quantum photonics networks, enabling scalable deployment through components that integrate with standard optical fiber and Ethernet infrastructure.
Deep TechHardwareQuantum Computing
Kraken Robotics develops subsea imaging sensors, software, and integrated systems for defence, offshore energy, and ocean science applications.
Deep TechDefense TechHardwareRobotics
KWI Polymers produces nano-additives and polymer modification solutions for manufacturers, enabling weight reduction and performance enhancement in commodity and engineering polymers used in automotive, aerospace, and industrial applications.
Advanced ManufacturingDeep TechNew Materials
PickPack provides reusable, returnable shipping packaging for online stores, where customers choose the PickPack option at checkout and return the bag or box for free via Canada Post to be cleaned and reused.
Circular EconomyE-commerceLogistics & Supply ChainGranby, CA
Aleo VR develops a series of virtual reality games and educational exercises based on remedial-education (orthopedagogy) clinic methods, aimed at supporting the development of school-age children with learning disabilities.
Digital HealthEdTechGaming
LFAnt Medical develops the Compact, a handheld, Bluetooth-connected diagnostic testing platform with embedded biosensing and automated results interpretation for the early detection of diseases and conditions such as sexually transmitted infections.
Digital HealthHealthtechMedical Devices
LuminUltra provides microbial monitoring and testing solutions, including ATP field testing (Bugcount), qPCR diagnostics (Genecount), lab services, and a digital platform (Relay), to help industries detect and manage microbial risks.
AgTechBiotechCleantechDeep TechEnergyIoTFredericton, CA
Patrick Whalen(Chairman and CEO)
Co-investorsXPV Water Partners
LxNGen develops, manufactures, and sells fiber-optic monitoring systems for the electric power industry, enabling higher capacity and uptime of generation and transmission assets such as hydro-electric generators, wind turbines, high-power switching equipment, and utility-scale batteries.
EnergyHardwareIoT
Claude Beaulieu(Co-founder)Peter Ficocelli(Co-founder)Qing He(Co-founder)inPaul Lefebvre(Co-founder)inAndre Vincelette(Co-founder)in
Mavennet is a venture creation and technology consulting firm that builds digital products and advises organizations on data management, digital identity, blockchain, and AI.
AI & Machine LearningCrypto & Web3Data & Infrastructure
Patrick Mandic(CEO)in
Mawashi designs body-worn systems, including its UPLIFT modular and lite exoskeletons that provide physical assistance for the back, knees, and shoulders to manual workers in construction, masonry, material handling, and manufacturing, as well as the T-RED training protection equipment.
HardwareRoboticsWellness & FitnessSaint-Jean-sur-Richelieu, CA
Etienne Lamoureux(Directeur général)in
Meaglow develops deposition equipment and plasma sources for the semiconductor industry, particularly for atomic layer deposition (ALD) and atomic layer etching (ALE) processes.
Advanced ManufacturingDeep TechHardwareSemiconductorsCarleton, CA
Dr. Scott Butcher(Chief Scientist / Founder)
Mecanum manufactures acoustic material characterization instruments and offers consulting services in noise and vibration control for building, transportation, and material acoustics.
Advanced ManufacturingDeep TechHardwareNew MaterialsSherbrooke, CA
Noureddine Atalla(Co-founder)Raymond Panneton(Co-founder)in
Metabolic Insights (Mii) has developed a rapid, non-invasive insulin test designed to measure metabolic markers without lab work or a separate reader.
Digital HealthHealthtechWellness & Fitness
MGO Systems makes prefabricated C3 Engineered Wall Systems and C3 Fireboard, building materials manufactured to client specifications for construction projects.
CleantechConstruction TechNew MaterialsCalgary, CA
Microbiome Insights provides microbiome analysis and testing services using advanced bioinformatics for research applications in academia, pharmaceuticals, consumer goods, and environmental sectors.
AI & Machine LearningBiotechDeep TechHealthtechRichmond, CA
Subash Lingareddy(Co-Founder)Dr. Brett FinlayDr. Bill MohnMalcolm KendallinAnu Acharya(CEO)inWilliam Mohn(Executive Officer, Director)
Mika Health provides AI-powered patient triage and appointment booking solutions for clinics and healthcare practices.
AI & Machine LearningDigital HealthHealthtechCalgary, CA
Co-investorsThin Air Labs
Minerva Intelligence builds a cognitive AI platform for organizing and analyzing complex technical data in domains where machine learning training data is limited, offering the TERRA suite for mineral exploration and mining and the GAIA platform for climate and natural-hazard risk assessment.
AI & Machine LearningClimate TechDeep Tech
ML Analytix provides information technology solutions with a focus on big data analytics, software architecture, and application development.
AI & Machine LearningData & InfrastructureEnterprise SoftwareGovTechSaaS
Metaspectral develops ClarityAI, a platform that applies deep learning and explainable analysis to hyperspectral data so teams can classify materials, detect hidden or sub-pixel targets, monitor emissions, and review the evidence behind results.
AI & Machine LearningDeep TechDefense TechSpace TechVancouver, CA
Francis Doumet(Co-Founder & CEO)in
Co-investorsVictory Square Technologies
MMSense develops highly integrated millimeter wave multi-antenna, multi-transceiver beamforming systems spanning GHz to THz frequencies.
Deep TechHardwareSemiconductorsWaterloo, CA
Co-investorsWaterloo Accelerator Centre
MOC Biotechnologies builds hybrid 4D bioprinters and biomechatronic systems that print hard and soft tissue, organs, and cell scaffolds using hydrogels, polymers, and drugs for preclinical drug discovery and regenerative medicine.
BiotechHardwareMedical Devices
Ali Mousavi(CEO & Co-founder)in
Mode40 is an operational software and strategy firm that works with customers' teams to improve business operations through better data and decision-making.
Advanced ManufacturingEnterprise SoftwareSaaSSteinbach, CA
Cameron Bergen(Founder and CEO)in
Momentaj is a software development and consulting firm that creates custom digital solutions for businesses seeking to modernize their operations.
AI & Machine LearningCloud ComputingDeveloper ToolsSaaS
Morgan Solar develops solar energy technology designed to reduce manufacturing costs and improve efficiency.
AI & Machine LearningCleantechEnergyHardwareIoT
John Paul Morgan(President & CTO)inNicolas Morgan(Vice President, Business Development and Marketing)in
Co-investorsArcTern Ventures
Myant delivers innovative healthcare technology solutions at scale.
Digital HealthHardwareHealthtechNew MaterialsToronto, CA
Mycionics designs hybrid robotic systems for mushroom harvesting, combining custom 3D vision, mechanical arms, and specialized grippers to automate labor-intensive picking and packing tasks.
Advanced ManufacturingAgTechAI & Machine LearningHardwareRoboticsWhitecrest, US
Stefan(Co-founder)Murray Good(Co-founder)
Nanogrande develops and sells precision 3D printing systems using patented FluidBed technology, alongside materials and engineering services.
Advanced ManufacturingDeep TechHardware
Juan Schneiderin
NEXE Innovations manufactures compostable coffee pods and related platform technology for the coffee industry.
Advanced ManufacturingCircular EconomyCleantechFoodTechNew MaterialsWindsor, CA
Darren(Co-founder)Ash(Co-founder)
Nicoya provides digital biosensing instruments for biophysical characterization, enabling scientists to study molecular behavior and protein interactions in drug discovery and structural analysis.
BiotechDeep TechHardwareHealthtechMedical Devices
Ryan Denomme(CEO)in
Co-investorsGarage CapitalGraphite VenturesWhitecap Venture PartnersMaple Leaf AngelsRipple VenturesTorch Capital
Nord Quantique develops error-corrected quantum computers using superconducting bosonic codes that embed error correction at the hardware level to achieve a 1:1 logical-to-physical qubit ratio.
Deep TechHardwareQuantum Computing
Co-investorsPanache VenturesPresidio VenturesQuantonationCelesta Capital
NovaGraphene works with graphene, a high-performance carbon material used to improve strength, durability, conductivity, and efficiency in advanced industrial applications.
Deep TechNew Materials
Nova Institute offers educational courses and workshops led by industry experts across various fields.
Deep TechEdTechMississauga, CA
Maja Maher(CEO & Research Lead)in
NP Aerospace manufactures ultra-lightweight personal protection equipment including body armour plates, helmets, ballistic shields, and EOD suits for military, law enforcement, and security personnel.
Advanced ManufacturingDefense TechHardwareNew Materials
O/E Land manufactures fiber optic sensors and photonics instruments for industrial and scientific measurement applications.
Deep TechHardwareIoT
Ocean Diagnostics develops technologies to monitor microplastics and environmental DNA in marine environments, serving researchers and community scientists studying ocean health and plastic pollution.
CleantechClimate TechDeep TechHardwareImpact & Social Good
Dr. Dean Wenham(Co-Founder & Chief Impact Officer)Ethan Edson(Co-Founder & CEO)in
Ocean Legacy Foundation is a Canadian-based international non-profit, founded in 2013, working to end ocean plastic pollution through its EPIC program spanning education, policy, infrastructure, and cleanup.
Circular EconomyCleantechClimate TechImpact & Social GoodNew MaterialsRichmond, CA
Chloé Dubois(Co-founder)in
OCI Vacuum Microengineering manufactures electron spectroscopy instruments and related analytical equipment for materials research across scientific laboratories.
Deep TechHardwareNew MaterialsLondon, CA
One Lightwave Mfg. builds Charli-5, a UVGI (ultraviolet germicidal irradiation) air purification system that combines UV-C lamps, air supply ducts, and HEPA filtration to deliver whole-room air purification and pathogen inactivation.
CleantechHardwareHealthtech
Ortho BioMed combines expertise in medicine, engineering, and data science to develop medical technology solutions that improve patient outcomes.
AI & Machine LearningBiotechDigital HealthHealthtechMedical Devices
OTI Lumionics develops advanced materials for electronics, focused on key enabling materials for OLED displays used in next-generation consumer electronics and automotive, including electrode materials and self-assembly patterning technology.
Deep TechHardwareNew Materials
Co-investorsAnzu PartnersFundersClubLG Technology VenturesStruck Capital
Peer Ledger uses blockchain technology to provide supply chain visibility and data integrity for organizations, helping them improve sustainability standards, reduce counterfeiting and conflict financing risks, and protect human health and environmental performance.
Circular EconomyCrypto & Web3Enterprise SoftwareLogistics & Supply ChainSaaS
Performance BioFilaments developed and produced nanofibrillated cellulose (NFC) materials.
BiotechNew Materials
Phantom Photonics develops quantum-enhanced sensing technologies designed to operate in challenging environments where conventional sensors fail.
AI & Machine LearningDeep TechDefense TechQuantum ComputingWaterloo, CA
Co-investorsForma Prime
PhmaPlanter develops biotechnology platforms for recombinant proteins, antibody development, gene editing, nutraceutical research, and advanced cellular technologies including gas vesicles and organoid culture systems.
AI & Machine LearningBiotechDeep TechHealthtechBurnaby, CA
Dr. Hongwei Cheng(Co-Founder, CEO & CSO)
Photon etc. distributes optics and photonics technologies through a global network of specialized partners, serving researchers and industries in life science, material science, and industrial applications.
Deep TechHardwareMedical DevicesNew MaterialsMontreal, CA
Sébastien Blais-Ouellettein
Plantee develops renewable-based bio products and biocomposites from waste and by-product streams sourced from forestry, agriculture, and marine ecosystems to replace fossil inputs in consumer products.
BiotechCircular EconomyCleantechClimate TechConstruction TechNew Materials
Co-investorsForesight
Plascon Plastics develops sustainable plastic products and materials solutions by repurposing waste materials like old tires and ocean plastics for clients across consumer and industrial sectors.
Advanced ManufacturingCircular EconomyNew MaterialsVancouver, CA
Scott Vigliotti(President)in
PlasmaGear provides end-to-end R&D and manufacturing services for high-performance nanofiber materials, using plasma treatment and nanofiber engineering to create customized, PFAS-free products.
Advanced ManufacturingCleantechNew MaterialsMontreal, CA
Pliteq engineers and manufactures products for buildings and infrastructure, including sound and vibration control solutions and specialty rubber flooring, using post-consumer recycled rubber from processed used tires.
Circular EconomyConstruction TechNew MaterialsVaughan, CA
POSS Design manufactures mechanical separators for poultry, pork, beef, and fish processing to recover meat and byproducts.
Advanced ManufacturingFoodTechHardwareVancouver, CA
Werner Poss(Founder)
PRE Labs manufactures body armour and protective equipment for defence and law enforcement organizations, incorporating advanced materials and technologies to deliver lightweight, breathable and certified protective products.
Defense TechHardwareNew MaterialsPhoenix, CA
Brad Field(CEO)in
Aventura, US
Eduardo Sultan Gampel(Executive Officer, Director, Promoter)
Co-investorsAt One VenturesCerity Partners VenturesFulcrum Global CapitalGolden Opportunities FundNYA VenturesVerdex Capital+1 more
Precision ADM provides metal additive manufacturing services and solutions for industrial applications.
Advanced ManufacturingHardwareMedical DevicesWinnipeg, CA
PyroGenesis is an aerospace and defense technology company that operates under board leadership including executives with extensive experience in military logistics, space engineering, and international trade.
Advanced ManufacturingCleantechDeep TechDefense TechNew MaterialsMontréal, CA
P. Peter Pascali(President, Chief Executive Officer, Director)inPierre Carabin(Chief Technology Officer and Chief Strategist)in
Q-Block develops quantum infrastructure across three platforms: AllanQ for quantum timing independent of GPS/GNSS, LuciaQ for quantum networking and entanglement distribution, and PolarisQ, a containerized quantum computer.
Deep TechHardwareQuantum Computing
Kyung Choi(Founder)in
Co-investorsEdmonton Unlimited
QSi (Quantum Silicon) develops atomic-scale silicon quantum chips that perform "field controlled computing" by rearranging electrons within single-atom silicon quantum dots instead of using transistors.
Deep TechQuantum ComputingSemiconductors
Robert A. Wolkow(CTO)in
Co-investorsPrivilège VenturesStartup TNT
Qubic develops quantum hardware designed to improve RF sensing and quantum information systems by addressing signal quality, measurement sensitivity, and thermal constraints.
Deep TechDefense TechHardwareQuantum ComputingSherbrooke, CA
Co-investorsQAI VenturesWaterloo Accelerator Centre
Reach Technologies develops data acquisition equipment, instrumentation recorders, and IoT monitoring solutions for industrial, aerospace, and transportation applications, enabling predictive maintenance and performance tracking across sectors including aviation, shipbuilding, and heavy equipment.
Data & InfrastructureDeep TechDefense TechHardwareIoT
Resonance is a deep-tech market intelligence holding company that owns and operates intelligence platforms, advisory practices, and media brands focused on quantum technologies, artificial intelligence, and the commercial space economy.
Data & InfrastructureDeep TechQuantum Computing
Co-investorsCaruso VenturesMEDINA VENTURESCraft VenturesFika VenturesThird Prime
Response Bio develops the RAMP platform, which delivers acute care diagnostic testing with lab-quality results within minutes to support rapid clinical decision-making in healthcare settings.
BiotechDigital HealthHealthtechMedical DevicesVancouver, CA
Anastasios Tsonis(Executive Officer)
BoardDr. Peter A. Thompson(Executive Officer, Director)Dr. Anthony F. Holler(Director)Clint Severson(Director)Dr. David Wang(Director)Lewis J. Shuster(Director)
Risk Sciences International is a boutique consulting firm specializing in risk assessment, management, and communication for organizations across private, public, and civil sectors.
Deep TechEnterprise SoftwareGovTechHealthtechImpact & Social GoodMedical DevicesSaaSSector AgnosticOttawa, CA
Greg Paoli(CEO)inDaniel Krewski(Chief Risk Scientist)
Robert Allan Ltd. is a marine design firm that develops vessel designs for diverse global markets.
Advanced ManufacturingDeep TechHardwareMobility & TransportationVancouver, CA
Michael S. Fitzpatrick(President & CEO)
Saltworks designs and delivers technology systems that treat industrial wastewater and refine lithium for battery production, serving industrial customers across the full project lifecycle from design through implementation.
Advanced ManufacturingCleantechEnergyNew MaterialsBC, CA
Co-investorsWUTIF Capital
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
3D Currax6Harmonics9419-8488 Quebec Inc. (Alfapur Technologies)Advanced Interactive Canada IncAeroContain Technologies Inc.B3D Performance Inc.BGC Engineering IncBiosa Technologies LimitedBPE TechnologiesBulky IncCA Hybrid Inc.Canada VFD CORPCole Webber Productions, Inc.Deep Biologics Inc.Drinkfill Beverages ltde2ip technologies (GGI Solutions)Ecoli SenseEconnomiEnviroluv Inc.Exonetik IncFeedband Labs Inc.Formi 3DP Inc.FUTURi Power Inc.GreeNovel Inc.H2O Geomatics Inc.Health Tech Connex Inc.Integrity Co Solutions Inc.IPtoki Inc.Kaeras Inc.Lixar I.T IncMagemi Mining Inc.Maxwellian IncOptima Analytics IncPrecision NanoSystems Inc.Redline Communications Group Inc.ReGenerate Biogas Inc.Roswell Downhole TechnologiesSageTea inc.Sanozone Technologies IncorporatedSecureKey Technologies Inc.
Browse all 259 investments with full details →
▶59 more tracked companies
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 AvancéesSpace 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 MgtSwap RoboticsTacteris 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.WinGlobalWorldreach (Formerly AMITA Corporation)Xanadu Quantum Technologies IncXtract Technologies IncXVP PhotonicsZentek Ltd.
Exits · 3
1 IPOs · 2 acquisitions · showing 12Keys Corporationacq. by Interac
Portfolio news
latest coverage across their companiesResonance · propertyweek.com · Aug 6, 2026

Nord Quantique · techtimes.com · Jul 14, 2026
SensorUp Inc · privatecapitaljournal.com · Jun 3, 2026
Swap Robotics · arraytechinc.com · May 29, 2026
Xanadu Quantum Technologies Inc · stocktitan.net · Apr 9, 2026
CarbiCrete · prnewswire.com · Mar 30, 2026
Ekstera · innovateon.ca · Mar 9, 2026
Frequently asked questions
- How many investments has Innovative Solutions Canada made?
- Innovative Solutions Canada has 259 tracked investments, 3 of which have exited, including 1 dated in the last 24 months.
- 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.
- Who does Innovative Solutions Canada co-invest with?
- Innovative Solutions Canada most often shares deals with Foresight, Waterloo Accelerator Centre, ArcTern Ventures, among 99 tracked co-investors.
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