Five Atlantic Canadian early-stage startups receive $25,000 investment
Five Atlantic Canadian technology startups were selected to each receive a $25,000 investment from Volta Cohort, a microfund co-founded by Volta, BDC Capital, Innovacorp and the Atlantic Canada Opportunities Agency (ACOA). The companies will also receive mentorship from experienced entrepreneurs and resources to help grow their businesses.
Companies were selected at a pitch event in Halifax on May 22. Fourteen Atlantic Canadian startup founders pitched their businesses to a panel of judges, including representatives from Volta, Innovacorp, ACOA and the region’s startup community. The companies chosen to join the next Volta Cohort were:
Arolytics is developing web applications to help production and manufacturing industries cost-effectively manage and mitigate emissions of greenhouse gases and air toxics.
Atomo is a continuous discovery platform for product teams.
BlackWatch.Tech produces innovative safety equipment and is currently developing a few products, including a man-overboard device for fishermen.
Gibli Innovations is developing a revolutionary sensor that provides cyclists and triathletes with real-time aerodynamic feedback while training or racing to optimize their riding position and see upwards of 20 per cent efficiency gains.
ReelData offers remote monitoring technology for the aquaculture industry, allowing fish farms to know the biomass, appetite and welfare of finned fish in real time, without manual intervention.
“Volta Cohort has proven to help talented, early stage founders in Atlantic Canada’s startup ecosystem build momentum,” said Jesse Rodgers, CEO of Volta. “Those founders are not only attracting investment, they are also generating quality jobs and developing innovative products to compete in the global market.”
Thirty-one full-time employees have been hired through Cohort companies; $3,800,000 in investments have been raised ($2,100,000 in investments secured and $1,700,000 pending), and $532,500 in grant dollars have been received by Cohort companies.