MaRS Investment Accelerator Fund (IAF) — Full Portfolio

Ayrton Energy develops a hydrogen storage and transport solution based on a proprietary liquid organic hydrogen carrier (LOHC) and electrochemistry, storing hydrogen as a liquid at ambient conditions so it can be moved using existing fuel infrastructure.

CleantechClimate TechEnergyCalgary, CA

Co-investorsBDBDC Climate Tech Fund IICLClean Energy VenturesCRCreative Destruction Lab (CDL)FOForesightMAMaRSTHThe 51 Ventures+5 more

Cognota provides a platform for learning and development (L&D) and talent professionals to manage workforce development and transformation.

AI & Machine LearningEnterprise SoftwareHR TechSaaSToronto

RARyan Austin(Founder)inDavid Sikora(Director)

BoardLaura Lenz(Director)

Co-investorsBLBlossom Street VenturesDIDifferential VenturesHOHouston Angel NetworkTITIA VenturesBDBDC Capital CorporationGEGeneration Ventures+3 more

FeX Energy develops iron-based thermochemical energy storage systems that convert electricity into sustained high-temperature heat up to 900°C for industrial applications.

CleantechDeep TechEnergyMontreal, CA

JBJeffrey Bergthorson(Professor)

Co-investorsAMAmplify CapitalANAntares Ventures Pte. Ltd.FAFathom Fund

Growcer provides modular growing infrastructure and ecosystem support to enable communities to produce fresh food year-round locally.

AgTechFoodTechHardwareImpact & Social Good

CECorey Ellis(Co-founder)inABAlida Burke(Co-founder)in

Co-investorsONOntario Centre of InnovationONOntario Centre of Innovation programsSHSheBoot

Innerspace is a health-tech company that helps pharmaceutical companies improve quality, efficiency, and compliance in aseptic manufacturing.

Advanced ManufacturingAI & Machine LearningBiotechHealthtechSaaS

SSSebastian Scheler(Founder)in

Co-investorsMAMatterwave VenturesRIRiverside Acceleration CapitalHTHTGFYAYaletown Partners

Innerspace provides occupancy analytics technology that collects and analyzes space utilization data while maintaining privacy through anonymization of device identifiers and no storage of personally identifiable information.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFuture of WorkIoTLogistics & Supply ChainPropTechSaaSNew York, CA

JWJames Wu(CEO)inJason GamblenMatt MacGillivrayin

Co-investors50500 GlobalBEBeresford VenturesYAYaletown PartnersHTHTGF

Litus develops advanced chemistry and nanotechnology solutions to address energy challenges.

CleantechDeep TechEnergyNew MaterialsCalgary, CA

Dr. Nafie(Founder)Dr. Vitale(Founder)Dr. Pereira-Almao(Founder)

Co-investorsSTStartup TNTUCUCeed Funds

Ayrton Energy develops liquid organic hydrogen carriers using electrolysis to enable safe storage and transport of hydrogen through existing fuel infrastructure, reducing costs by up to 50 percent.

CleantechDeep TechEnergyImpact & Social GoodSector AgnosticToronto, CA

NKNatasha KostenukBrandi Kinkead

Co-investorsSOSOSVCLClimate InvestmentSCScale AI

Metafold provides a geometric intelligence platform that analyzes 3D CAD data to enable manufacturers to make rapid design and manufacturing decisions.

Advanced ManufacturingAI & Machine LearningDeep Tech

Co-investorsDIDifferential VenturesJEJetstreamACActive Impact Investments

Mission from MaRS is a program of MaRS Discovery District that identifies, accelerates and scales the adoption of Canadian climate technology solutions across multiple sectors including public procurement, carbon removal, and building decarbonization.

CleantechClimate TechImpact & Social GoodToronto, CA

GLGrace Lee Reynolds(CEO)inTHTyler Hamilton(Senior Director, Climate)in

Nfinite makes ultra-high barrier paper that is 100% curbside recyclable and designed as a drop-in replacement for flexible plastic packaging on high-speed form-fill-seal lines.

Circular EconomyDeep TechNew Materials

Chee Hau Teoh(Cofounder)KMKevin Musselman(Founder)

Co-investorsCOCollateral GoodFTFTW Ventures

Peak Power enables energy service companies, solar developers, and energy brokers to offer battery storage solutions to customers through a fully financed energy-storage-as-a-service model.

AI & Machine LearningCleantechClimate TechEnergyOntario, CA

DLDerek Lim Soo(CEO)in

Co-investorsTHThe Atmospheric FundBDBDC Capital CorporationOSOsmingtonWAWaterpoint LaneEXExport Development Canada (EDC)

Planetary Technologies develops ocean-based carbon removal technology to address climate change.

CleantechClimate TechDeep TechNova Scotia, CA

DGDr. Greg Rau(Senior Scientist & Co-Founder)MKMike Kelland(Chief Executive Officer, Co-Founder & Board Member)in

Co-investorsAMAmplify CapitalASAstanor VenturesNUNucleation CapitalXAXAngeGRGreen Generation Fund

Promise Robotics builds robotic automation and AI-optimized workflows for residential homebuilding, offering a Factory-as-a-Service platform that spans digital design, robotic production, and on-site logistics.

Construction TechPropTechRoboticsToronto, CA

RARamtin Attar(Co-Founder & Chief Executive Officer)inRNReza Nasseri(Co-Founder & Chief Innovation Officer)

Co-investorsALAlate PartnersHOHorizons VenturesRARadical VenturesRERelay Ventures

Relion provides operations and maintenance software for managing EV charging networks, offering real-time monitoring, issue detection, and field service dispatch capabilities across hardware from multiple vendors.

EnergyIoTMobility & TransportationSaaSCanada, CA

Co-investorsANAnges QuebecDIDiagramANAnges QuébecAQAQC CapitalCHChrysalixCYCycle Momentum

RetiSpec develops AI-based technology that analyzes eye imaging to detect signs of disease, with a focus on early identification of Alzheimer's and other neurological conditions.

AI & Machine LearningDigital HealthHealthtechMedical Devices

Co-investorsIGiGan PartnersMAMaRSVEVerge HealthTech Fund

Smile provides a loyalty platform for Shopify merchants, enabling customizable rewards programs and customer retention features for e-commerce brands of all sizes.

E-commerceRetail TechSaaS

MRMike Rossi(Founder)inBill Curtisin

Co-investorsOMOMERS VenturesWAWaterloo Accelerator Centre

Sprout is Canada's end-to-end family-building platform that connects users with fertility clinics, expert care, and support resources for fertility treatments, surrogacy, and adoption.

Digital HealthFemTechHealthtechCanada, CA

Not explicitly named on page(Co Founder & COO)

Co-investorsBLBlue CollectiveMAMaRSSTStand Up VenturesTHThe 51 Ventures

StellarAlgo offers a customer data platform (CDP) built for sports teams that consolidates fan data, enables no-code audience segmentation, and automatically pushes fan segments to marketing and sales channels to grow ticket sales and reduce churn.

AI & Machine LearningData & InfrastructureMarketing TechSports Tech

VIVincent Ircandia(Founder)inSFSean Fynn(Co-Founder & Chief Technology Officer)inJoseph King(Co-Founder & Chief Operating Officer)in

Co-investorsACAccelerate FundCOComcast VenturesINInterGen CapitalMAMaRSRBRBCxTHThin Air Labs+1 more

Vivid Machines provides real-time crop intelligence and vision-based technology for fruit producers, offering insights on crop load management, yield forecasting, plant health, and disease detection.

AgTechAI & Machine LearningHardwareToronto, CA

JBJonathan Binas(Co-founder)inJLJenny Lemieux(Co-founder)in

Co-investorsENEntrepreneur FirstSPSpatial CapitalSTStand Up VenturesTATall Grass VenturesBDBDC Capital CorporationBDBDC Venture Capital+5 more

Willful operates an online estate planning platform that guides individuals through creating legally valid wills and power of attorney documents.

FintechLegalTechSaaS

EBErin Bury(Co-founder & CEO)inKOKevin Oulds(Co-founder & Head of Research and Innovation)inJWJulia Wilkie(Head of Customer Experience and Operations)inCLChris Long(Head of Product)in

Co-investorsBABackbone AngelsFOFounderFuelTATacticoMAMaRS