Innovative Solutions Canada
Government fundOttawa · Pre-Seed–Growth
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 200 of 259 portfolio companiesDeep 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 companiesFounding 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 pathBy year:2026 · 12019 · 12011 · 13 dated
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 & TransportationRobotics
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
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
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 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
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 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)
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 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 (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 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 (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 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 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
Axipolymer is an innovation partner in the polymer industry, developing advanced sustainable solutions for the plastics sector.
Circular EconomyCleantechNew Materials
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
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
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 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 offers innovation, research and development, and rapid prototyping services, along with training programs.
Deep TechHardware
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)
Brash is a product design and engineering studio that helps entrepreneurs, startups, and established companies develop products from concept to launch.
Deep TechHardware
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
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
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 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 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
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 develops virtual reality training experiences, UAV/drone applications, aerial 3D modeling, and georeferenced field data collection using emerging technologies.
Deep TechDefense TechHardware
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
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 processes residual organic matter through liquid extraction and biological monitoring to produce nutrient-precise organic liquid fertilizer for commercial farms.
AgTechCircular EconomyCleantech
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 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 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)
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 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
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
Groupe COSIOR is a managed IT services provider (MSP) offering audit, cybersecurity, cloud, and IT architecture services under a hybrid model for small businesses and larger organizations.
Cloud ComputingCybersecurityEnterprise Software
CriSys Limited builds AI-enabled call-handling, dispatch, and response management systems for 9-1-1 and 3-1-1 emergency centres, serving communities of all sizes as well as fire departments and law enforcement agencies.
AI & Machine LearningGovTechSaaS
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 designs and deploys modular air purification and water treatment systems for construction, industrial, municipal, and mining applications.
CleantechClimate TechHardware
Co-investorsForesight
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 builds industrial 3D printing components and systems, including large-format and high-flow pellet extruders, filament extruders, and turnkey robotic printing cells.
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
Co-investorsAweh VenturesDMZ Ventures
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)inBenoit Lessard(Co-founder & Advisor)Adam Shuhendler(Co-Founder & Advisor)inCory Harris(Co-founder & Advisor)Benoît H. Lessard(Co-Founder & Advisor)inAlexander Koglin(Executive Officer, Director, Promoter)
Co-investorsCapital Angel Network
Ekstera builds scalable Stirling engine generators that convert waste heat and carbon-neutral heat sources — such as furnace exhaust gas, compressor station waste heat, biomass, hydrogen, solar thermal, and geothermal — into on-site electricity.
CleantechClimate TechEnergy
Co-investorsUCeed Funds
Enns Brothers is an agricultural, home, acreage, and golf equipment dealer carrying brands such as John Deere, Ariens, Stihl, and Honda Power Equipment.
AgTechRetail Tech
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 Tech
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
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
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 Tech
Sante Facca(Founder)
few-cycle Inc. develops optical technologies for ultrafast laser science, including synchronized ultra-short pulse sources from UV to mid-IR, supercontinuum sources, laser post-compression systems, pulse characterization FROG devices, and vacuum beam routing and beam stabilization systems.
Deep TechHardwareNew MaterialsMontreal, CA
FLUIDEFI is a Canadian fintech company offering a white-label platform and enriched decentralized finance (DeFi) blockchain data for building compliant digital asset products.
Crypto & Web3Data & InfrastructureFintech
Co-investorsPhaze VenturesTDeFi
Forsite provides aerial LiDAR data collection, pipeline patrol, wildfire science, professional forestry, and environmental planning as an integrated geospatial intelligence service.
AI & Machine LearningCleantechClimate Tech
Fourien designs and manufactures microfluidic and BioMEMS-based analytical instruments and sensors for measuring physical, thermal, and chemical properties of very small volumes of reagents.
BiotechDeep TechHardware
FoxWise is a First Nation owned technology company providing IT solutions and services along with government procurement support.
Enterprise SoftwareGovTech
FREDsense builds portable, field-ready sensors and lab services to detect PFAS and other chemical contaminants in water, including an on-site PFAS field test kit and a 5-day PFAS lab analysis service.
CleantechClimate TechHardware
Emily Hicks(Founder)in
Co-investorsEmerald Technology Ventures AgForesightFundersClubHG Ventures
Co-investorsInnovation UBC
Galenvs Sciences develops and manufactures custom nanoparticles and DNA/RNA oligonucleotides, including nucleic-acid extraction kits, assay-grade primers and probes, and specialty oligonucleotides, for diagnostic developers, laboratories, and drug and gene-therapy programs.
BiotechMedical DevicesNew Materials
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 Bio Systems supplies molecular biology products for research laboratories, including PCR/qPCR reagents, DNA/RNA isolation and protein purification kits, NGS library preparation kits, cloning kits, competent cells, lab instruments, and plastics/labware.
BiotechE-commerceToronto, CA
Global Spatial Technology Solutions (GSTS) develops OCIANA®, an AI and big-data platform providing real-time predictive intelligence, planning, and risk management for the maritime and logistics industry.
AI & Machine LearningClimate TechLogistics & Supply Chain
Co-investorsEcofuel Fund
Graphene Leaders Canada (GLC) develops and commercializes graphene and carbon-based materials, including graphene oxide, reduced graphene oxide, and pristine graphene, used as additives for coatings, concrete, and lubricants.
CleantechMedical DevicesNew MaterialsEdmonton, CA
Green PI Inc. provides design engineering services spanning mechanical, electrical, and structural disciplines, along with energy management and software services.
CleantechEnergySaaS
GreenMantra uses a patented molecular recycling technology to convert waste plastic that would otherwise reach landfills and oceans into specialty polymer additives for industrial applications.
Circular EconomyCleantechNew Materials
Co-investorsArcTern VenturesCycle Capital
GWS Farms is a family-owned, asset-based trucking carrier specializing in the transportation of non-food grade bulk liquid loads for the agricultural, pet food, and animal feed industries.
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 AssociatesSound Media Ventures
Hatfield is a Canadian owner-operated environmental consultancy offering multidisciplinary services in environmental and social sciences to support sustainable development.
Climate TechImpact & Social Good
HumanSystems® Incorporated (HSI) provides human system integration, human factors engineering, and human performance consulting to make systems and personnel safer and more effective.
Deep TechDefense Tech
IMRSV builds software, including its ANVIL product, to help national defence and security organizations process mission-critical information and improve intelligence workflows and performance.
AI & Machine LearningDefense TechGovTech
Integran develops electrodeposited nanocrystalline metal technologies under its "Nanovate" platform, offering protective coatings, structural hybrid components, electroformed alloys, and functional additive manufacturing.
Advanced ManufacturingDeep TechNew Materials
Integrated Nanotherapeutics (INT) is a preclinical-stage biotech developing antigen-specific immune tolerance therapies using lipid nanoparticles to treat autoimmune diseases such as Type 1 Diabetes, Multiple Sclerosis, and allergy.
BiotechDeep TechHealthtech
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)Trevor Coleman(Executive Officer, Director)Derek Luke(Executive Officer)
BoardJason Wong(Director)Sid Paquette(Director)
Co-investorsIter 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 for multi-location enterprises, aggregating over 160 carriers across Canada into a single managed network with centralized control, SLA-backed uptime, and one invoice.
Cloud ComputingCybersecurityEnterprise Software
Jeosal Materials Research Corporation is a Kingston, Ontario lab developing economically viable recycling processes for fibre reinforced plastics, particularly fibreglass (GFRP) from end-of-life watercraft.
Circular EconomyCleantechNew MaterialsKingston, CA
Co-investorsForesight
Ki3 Photonics develops hardware for quantum networking, enabling entanglement distribution over fiber telecommunication networks.
Deep TechHardwareQuantum Computing
Kraken Robotics develops subsea sensors and imaging systems, including underwater LiDAR, synthetic aperture sonar (SAS), sub-bottom imagers, and acoustic corers, for surveying and inspecting underwater assets, infrastructure, and seabed conditions.
Deep TechHardwareRobotics
KWI develops and supplies polymer solutions, including thermoset, thermoplastic, elastomer and rubber polymers made from virgin and recycled materials, with specialized expertise in nano-additives and their dispersion and surface functionalization.
Advanced ManufacturingDeep TechNew Materials
Labforge develops and deploys vision-based (computer vision) technology aimed at safety and security applications, with additional use cases in farming, construction, and industry.
AI & Machine LearningDeep TechHardwareWaterloo, CA
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 Chain
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
Longan Vision develops the Fusion Vision System, a helmet-mounted thermal imaging and augmented reality device that provides firefighters with hands-free, real-time situational awareness in smoke-filled and low-visibility conditions.
Deep TechHardwareIoT
Co-investors15th Rock
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 TechEnergyIoT
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
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)
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 & Fitness
Co-investorsEcofuel Fund
Meaglow builds hollow cathode plasma sources for use in ALD, ALE, and CVD systems, offering both standard and custom-made units to reduce oxygen contamination in nitride layer deposition.
Deep TechHardwareSemiconductors
Mecanum develops acoustic measuring instruments, simulation software, material characterization services, and consulting for noise and vibration control.
Advanced ManufacturingDeep TechHardware
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 Materials
Microbiome Insights provides microbiome analysis and research services, delivering sequencing data and scientific expertise to clients advancing microbiome research.
BiotechDeep TechHealthtech
Mikata Health offers an AI assistant ("Mika") that automates clinical and administrative tasks for medical clinics, including AI scribe documentation, referrals and forms, coding and billing, patient triage, booking, reminders, and secure messaging.
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
MLAnalytix builds confidence- and risk-managed AI orchestration systems that coordinate multiple models, route uncertain or high-impact cases to human review, and generate auditable evidence trails.
AI & Machine LearningEnterprise SoftwareGovTech
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)
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)
Mode40 offers an industrial technology consulting and implementation service positioned as an alternative to large consulting firms, focused on delivering measurable operational outcomes faster and connecting to systems.
Advanced ManufacturingEnterprise Software
Momentaj is a software services firm that provides custom software development, AI consultation and development, web and mobile development, API integration, cloud/DevOps, and IT consulting for businesses.
AI & Machine LearningCloud ComputingSaaS
Morgan Solar builds IoT-enabled hardware and machine learning software (DeepSweep) to collect on-site data, validate photovoltaic system performance, and forecast solar output for solar asset owners.
CleantechEnergyIoT
Myant develops "Textile Computing" — smart connected textiles with embedded sensors that passively capture biometric data to create digital twins, using AI to monitor and provide proactive, remote healthcare.
Digital HealthHardwareNew MaterialsToronto, CA
Mycionics builds fully automated mushroom-picking systems that combine computer vision and robotics with AI-powered harvest planning to pick and pack produce.
AgTechAI & Machine LearningRobotics
Nanogrande develops additive manufacturing systems using its patented FluidBed layer deposition technology, which produces material layers from micron to nanometer scale with support for metals, ceramics, oxides, and polymers.
Advanced ManufacturingDeep TechHardware
NEXE Innovations develops proprietary compostable resins and manufactures BPI-certified, fully compostable single-use coffee pods compatible with Keurig and other single-serve brewing systems, as an alternative to plastic and aluminum pods.
Circular EconomyCleantechNew MaterialsWindsor, CA
Nicoya develops instruments and platforms for protein interaction and dynamics analysis, including SPR (Revo, OpenSPR, Alto), millisecond HDX-MS (FastHDX), and circular dichroism systems for measuring binding, kinetics, structure, and stability.
BiotechDeep TechHardware
Co-investorsGarage CapitalGraphite VenturesWhitecap Venture PartnersMaple Leaf AngelsRipple Ventures
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 VenturesQuantonation
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 is a research and development group that also provides on-site technology training tailored to organizations.
Deep TechEdTechMississauga, CA
NP Aerospace manufactures composite armour and integrates vehicles, producing lightweight survivability solutions from advanced materials for defence and security applications.
Advanced ManufacturingDefense TechNew Materials
O-Eland designs, manufactures and markets fiber optics and photonics products, including fiber Bragg grating sensors, laser sources, and optical instrumentation.
Deep TechHardware
Ocean Diagnostics builds instruments and lab services for monitoring microplastics and environmental DNA (eDNA) in freshwater and marine environments, including automated depth samplers, imaging systems, and community-science toolkits.
CleantechClimate TechHardware
Ocean Legacy Foundation recovers marine plastic debris from coastlines and waterways, collects it at Ocean Plastic Depots across Canada, and recycles it into Legacy Plastic pellets and products such as plastic lumber and park benches.
Circular EconomyImpact & Social GoodNew MaterialsRichmond, CA
OCI Vacuum Microengineering Inc. manufactures surface analytical instruments for thin-film research, including Auger electron spectroscopy (AES), low energy electron diffraction (LEED), mass spectrometry, and ion and electron sources.
Deep TechHardwareNew Materials
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
OrthoBioMed develops medical devices such as spinal implants and wearable sensors for monitoring patient progress, and enhances existing devices with AI capabilities.
AI & Machine LearningHealthtechMedical 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 offers a platform combining digital product labelling and supply chain traceability, using blockchain/distributed ledger technology and AI to capture and verify product data across multiple supply chain tiers.
Crypto & Web3Logistics & Supply ChainSaaS
Performance BioFilaments developed and produced nanofibrillated cellulose (NFC) materials.
BiotechNew Materials
Phantom Photonics develops quantum 3D remote sensing technology, including specialized sensors for undersea asset monitoring with defense and civilian applications.
Deep TechDefense TechQuantum ComputingWaterloo, CA
PharmaPlanter operates a collaborative ecosystem for translational innovation in life sciences, connecting biotech technology platforms, talent, and partners to bridge discovery and development.
BiotechDeep TechHealthtech
Plantee focuses on developing plant-based or nature-derived materials with the aim of using resources sustainably and returning unused byproducts.
Circular EconomyClimate TechNew Materials
Co-investorsForesight
Plascon Plastics is an injection molding manufacturer that develops and produces plastic molded products for businesses, including through the use of PCR and other sustainable materials.
Advanced ManufacturingCircular EconomyNew MaterialsVancouver, CA
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 Materials
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 designs and manufactures mechanical separation equipment used to process products such as mechanically deboned meat, bony trim, spent hens, ground chicken, and pet food.
Advanced ManufacturingFoodTechHardware
PRE Labs designs, tests, and manufactures ballistic body armour for security, defence, military, and police organizations, with products certified to NIJ 0101.06 standards.
Defense TechHardwareNew Materials
Aventura, US
Eduardo Sultan Gampel(Executive Officer, Director, Promoter)
Co-investorsAt One VenturesCerity Partners VenturesFulcrum Global CapitalGolden Opportunities FundVerdex Capital
Co-investorsPage One Ventures
Precision ADM provides engineering, prototyping, and additive and subtractive manufacturing services for parts and assemblies, with expertise in medical device production.
Advanced ManufacturingHardwareMedical Devices
PyroGenesis designs, manufactures and commercializes advanced plasma processes, including plasma torches, plasma waste treatment, and high-temperature metallurgical processes, along with contract research and turnkey process equipment.
Advanced ManufacturingCleantechNew MaterialsMontréal, CA
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 microwave systems based on superconducting circuits that generate entangled signals and filter noise to detect, image, and communicate with signals otherwise hidden in ambient noise.
Deep TechDefense TechQuantum ComputingSherbrooke, CA
Co-investorsQAI VenturesWaterloo Accelerator Centre
Reach Technologies Inc. develops and manufactures data acquisition, telemetry, and precision timing products and systems, and provides design, integration, and test services for turnkey systems.
Deep TechDefense TechHardware
Co-investorsCaruso VenturesMEDINA VENTURES
Risk Sciences International (RSI) is a risk consultancy that provides evidence-based risk assessment, management, and communication services—including scientific analyses, software tools, training, and messaging—to government entities, private corporations, and civil society organizations.
Deep TechGovTechSaaS
Robert Allan Ltd. is a naval architecture firm that designs a wide range of vessels, including high-performance tugs, ferries, and research vessels.
Advanced ManufacturingHardwareMobility & TransportationVancouver, CA
Saltworks designs, builds, and delivers modular systems for treating industrial wastewater and refining lithium, including desalination, evaporation, and zero liquid discharge processes.
CleantechEnergyNew Materials
Co-investorsWUTIF Capital
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 portfolio2Keys Corporationacq. by Interac
Portfolio news
latest coverage across their companies
Nord Quantique · techtimes.com · Jul 14, 2026
SensorUp Inc · privatecapitaljournal.com · Jun 3, 2026
Xanadu Quantum Technologies Inc · stocktitan.net · Apr 9, 2026
CarbiCrete · prnewswire.com · Mar 30, 2026
Canada Stablecorp Inc. · investing.com · Sep 25, 2025
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
Similar investors
Heliad is a publicly listed evergreen investment firm that backs founders from early stage through IPO and beyond, providing access to capital markets via its balance sheet and its early-stage vehicle Collective Ventures.
8VC is a venture capital firm investing across logistics, life sciences, healthcare, IT infrastructure, and government/defense, guided by its Smart Enterprise thesis focused on data integration and platform network effects.
Friends & Family Capital is a Silicon Valley-based venture capital firm founded by Colin Anderson, former CFO of Palantir, and John Fogelsong, a second-generation venture capitalist. The firm partners with founders and CFOs by providing deep operational expertise, hands-on support, and strategic advice focused on three key areas: building finance teams, optimizing operations, and supporting capital raising.
Khosla Ventures is a venture capital firm that invests in early-stage companies focused on technology, mobile, and clean energy sectors, including biotechnology applications. The firm provides capital and strategic support to entrepreneurs developing breakthrough technologies across multiple markets.
Coinvest Capital is an evergreen venture capital fund that co-invests in startups alongside business angels and other VC funds, aiming to fill funding gaps and strengthen the business angel community in Lithuania.



























































































