Fundraising Fox

Innovative Solutions Canada

Government fund

Ottawa · Pre-Seed–Growth

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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.

Stage
Pre-Seed–Growth
Check
$2M
HQ
Ottawa, ON, CA
Instruments
Grants
Last 12 months
1 investment
Tracked investments
259

What they invest in

from 200 of 259 portfolio companies

Deep Tech ×63Hardware ×63Cleantech ×51New Materials ×37AI & Machine Learning ×35Advanced Manufacturing ×25Climate Tech ×25Defense Tech ×21

HQs:Canada×85United States×4United Kingdom×1

Who they back

founder profiles across 44 portfolio companies
68%
solo founders
30 of 44 mapped founding teams
25%
repeat founders
of 12 founders with career history

Founding team size:solo founder×302 founders×83 founders×44+ founders×2

Where their founders studiedfrom 12 founders with education data

University of Ottawa ×3McGill University ×2

Investments · 259 tracked

founders shown can be your intro path

By year:2026 · 12019 · 12011 · 13 dated

028_companies_FEfeedengineering.com

Co-investorsForesight

11811347 Canada Inc. (Au-Zone)edgefirst.aiin

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 & TransportationRobotics

1QB Information Tech/Irreversible1qbit.comin𝕏

1QBit develops computational tools that enable organizations to reimagine and solve complex, previously intractable problems across industries.

Deep TechEnterprise SoftwareQuantum Computing

Co-investorsGen CapitalSCB 10X

2Keys Corporation2keys.cain𝕏acquired by Interac

CybersecurityFintechSaaS

3D Currax3dcurrax.com
5REDO5redo.cain

5REDO (5R Enabler Designs and Operations Inc.) is a circular economy consulting firm offering services in circularity integration, sustainability and ESG reporting, life cycle assessment, and sustainable materials R&D for businesses.

Circular EconomyCleantechClimate TechKitchener, CA

6Harmonics6harmonics.com
9419-8488 Quebec Inc. (Alfapur Technologies)alfapur.com
AccessNowaccessnow.com𝕏

AccessNow is a community-driven mapping platform and mobile app that lets people search, rate, and discover places with specific accessibility features for people with disabilities.

ConsumerImpact & Social GoodSocial

Acuva Technologiesacuvatech.comin

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 CapitalForesight

Advanced Interactive Canada Incadvintive.com
AeroContain Technologies Inc.aero-contain.com
AEROSYSTEMS INTERNATIONAL INC.asiiweb.comin

Aerosystems International (ASI) manufactures Electrical Wiring Interconnection Systems (EWIS) and Ground Support Equipment (GSE), offering build-to-print, low-volume high-mix production including after-market and retrofit parts.

Advanced ManufacturingHardwareSpace Tech

Afel Technologies Inc.afel.ca

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 Inc.airadar.com

AI Radar builds compact scanning radar and synthetic-aperture radar (SAR) systems for imaging and real-time monitoring through visually denied environments from fixed or mobile platforms.

AI & Machine LearningDefense TechHardware

Akimbo Technologies Inc.akimbotechnologies.comin

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 Tech

Behrouz Poustchi(Founder, Director & CEO/CTO)Rod Weir(Chief Revenue Officer)Lance Davis(Chief Financial Officer)Massoud (Mac) Poustchi(Vice President - Marketing)

AllSeeing Corpallseeingtech.cain

All Seeing Tech develops radio frequency (RF) hardware supporting a 225MHz to 2600MHz frequency range with up to 8MHz instantaneous bandwidth, customizable wideband and narrowband waveforms for voice, video, and data, and MIMO transmit/receive capability.

Deep TechDefense TechHardware

Amtech Aeronautical Limitedamtech-group.com

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

Aoms Techaoms-tech.comin𝕏

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.appliedmind.ca

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 Inc.aqmaterials.com

Applied Quantum Materials (AQM) develops and manufactures metal-free, biocompatible silicon quantum dots, silicon-based nanomaterials, and semiconductor photolithography resists using patented synthesis methods.

New MaterialsQuantum ComputingSemiconductorsEdmonton, CA

Arise Industries Incariseindustries.net

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 Inc.ashored.cain𝕏

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)

Aspin Kemp & Associates incaka-group.comin𝕏

AKA Energy Systems (Aspin Kemp & Associates) designs and manufactures hybrid and high-reliability electrical power, energy storage, and automation/control systems (SCADA, PLC, industrial control) for marine, naval, defence, and industrial applications.

Advanced ManufacturingCleantechEnergyMontague, CA

Atmose Ltdatmose.cain

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)

Audesseaudesseinc.comin

Audesse builds the FlexSeries embedded controls platform, including electronic control units (ECUs), controllers, and connected-vehicle software for OTA updates and fleet telemetry, along with turnkey custom solutions.

HardwareIoTMobility & Transportation

Co-investorsWaterloo Accelerator Centre

Avateqavateq.comin

Avateq designs and manufactures RF signal monitoring and analysis hardware for broadcast transmitter operators, including receivers, analyzers, and synchronizers supporting standards such as ATSC 1.0/3.0, DAB/DAB+, and ISDB-T.

Deep TechHardwareMedia & Entertainment

Axipolymeraxipolymer.comin𝕏

Axipolymer is an innovation partner in the polymer industry, developing advanced sustainable solutions for the plastics sector.

Circular EconomyCleantechNew Materials

B3D Performance Inc.b3dperformance.com
BC Research Inc.bcri.cain

BCRI provides bench-scale chemical process development, specialized analytical chemistry, and contract research, and designs custom pilot and demonstration plants for scale-up in collaboration with NORAM Engineering and Constructors Ltd.

CleantechDeep TechNew Materials

BGC Engineering Incbgcengineering.ca
BI Expertise Incbiexpertise.comin

BI Expertise is a consulting firm with a multidisciplinary team that helps organizations of all sizes with digital transformation, integrating artificial intelligence, big data, and cloud technologies.

AI & Machine LearningData & InfrastructureEnterprise Software

Biosa Technologies Limitedbiosatech.com
Block 64 Corporationblock64.comin

Block 64 is an IT asset management (ITAM) platform that discovers and inventories hardware, software, cloud, SaaS, and licensing across hybrid IT environments, then analyzes usage, security risks, and cost-saving opportunities.

CybersecurityEnterprise SoftwareSaaS

Bluink Ltd.bluink.cain𝕏

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

Co-investorsL-SPARK

Bornea Dynamics Limtedbornea.ca

Bornea Dynamics offers innovation, research and development, and rapid prototyping services, along with training programs.

Deep TechHardware

Bosk Bioproducts Inc.bosk-bioproducts.com

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

BPE Technologiesbpetechnologies.ca
Braebon Medical Corporationbraebon.com

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)

Brash Product Development Incbrashinc.comin

Brash is a product design and engineering studio that helps entrepreneurs, startups, and established companies develop products from concept to launch.

Deep TechHardware

Bulky Incbulky.io
CA Hybrid Inc.cahybrid.com
CACITH Inc.tengiva.comin

Tengiva provides a B2B commerce platform built specifically for the textile industry, offering an all-in-one marketplace where suppliers, buyers, and brands can source, sell, and transact through a unified login.

B2B MarketplacesE-commerceSaaS

Canada Stablecorp Inc.stablecorp.cain𝕏

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

Alex McDougallin

Co-investorsBorderless VentureCoinbase VenturesCircle VenturesDeFi TechnologiesSide Door Ventures

Canada VFD CORPhulkkuffs.com
Canurta Therapeutics Websitecanurta.comin𝕏

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

CarbiCretecarbicrete.comin𝕏

CarbiCrete develops a manufacturing technology that produces cement-free concrete by replacing cement with steel slag and permanently embedding captured CO2 into the material.

CleantechConstruction TechNew Materials

Co-investorsAera VCBDC Climate Tech Fund IINew Climate VenturesSQN Venture Partners, LLC

CBCL Limitedcbcl.cain𝕏

CBCL is an engineering consulting firm offering services across bridge, building, coastal, municipal, transportation, geotechnical, and marine engineering, along with environmental, sustainability, climate resilience, and fire protection work.

CleantechClimate TechConstruction Tech

CEM Works Inc.cemworks.comin𝕏

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)

Chaac Technologies Incchaac.techin

Chaac develops virtual reality training experiences, UAV/drone applications, aerial 3D modeling, and georeferenced field data collection using emerging technologies.

Deep TechDefense TechHardware

Chalumeauchalumeau.cain

Chalumeau develops a patented electric electrode heating system that replaces fossil-fuel combustion in rotary kilns, delivering the ultra-high process temperatures needed for cement production while cutting combustion-related greenhouse gas emissions.

Advanced ManufacturingCleantechClimate Tech

Co-investors2 Degrés

CircuitMind Inc.circuitmind.ioin

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

TomideBasilioEdTomide Adesanmi(CEO)inBasilio Gentile(CTO)in

Co-investors7percent VenturesBlackhorn VenturesCreative VenturesDifferential VenturesEntrepreneur FirstEpisode1+4 more

Circulus Agtech Solutions Inc.circulusagtech.comin

Circulus Agtech processes residual organic matter through liquid extraction and biological monitoring to produce nutrient-precise organic liquid fertilizer for commercial farms.

AgTechCircular EconomyCleantech

Cloud DX Websiteclouddx.comin𝕏

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 Research and Development Corporationcoanda.cain

Coanda is an engineering and R&D consulting firm that helps clients diagnose the root of technical problems, resolve industrial process challenges, and develop new technology through services such as physical modeling, mathematical modeling, and geotechnical analysis.

Advanced ManufacturingDeep Tech

CogniFrame Inc.cogniframe.comin

CogniFrame develops hybrid classical-quantum computing solutions using machine learning and quantum optimization or simulation to solve NP-hard problems for institutions in sectors such as financial services and health care.

AI & Machine LearningDeep TechQuantum Computing

Vish R.(CEO)

Co-investorsCreative Destruction Lab (CDL)

Cole Webber Productions, Inc.insidecwp.com
Columbiad Launch Services Inc.columbiad.ca

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.complexsysteminc.com

Complex System Inc.

Advanced ManufacturingAI & Machine LearningRoboticsCalgary, CA

Convergent Manufacturing Technologies Incconvergent.ca

Convergent provides software and sensor technologies for advanced composites manufacturing, enabling users to evaluate process parameters, design manufacturing processes, troubleshoot production problems, and detect vacuum leaks.

Advanced ManufacturingHardwareNew Materials

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 · 1

IPOs and acquisitions across the tracked portfolio

2Keys Corporationacq. by Interac

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Innovative Solutions Canada made?
Innovative Solutions Canada has 259 tracked investments, 2 of which have exited via acquisition or IPO, 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, Creative Destruction Lab (CDL), among 90 tracked co-investors.

Images

Innovative Solutions Canada photo

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