Three Atlantic Canadian early-stage startups join the 10th Volta Cohort
Three Atlantic Canadian early-stage startups join the 10th Volta Cohort, receiving $25,000 investment, mentorship and resources
HALIFAX, NS (May 25, 2022) – Three Atlantic Canadian early-stage technology startups will join the Spring 2022 intake of the year-long Volta Cohort program. The companies will each receive a $25,000 investment from a fund co-founded by Volta, BDC Capital and Innovacorp, along with resources to help grow their businesses and mentorship from experienced entrepreneurs. The program’s operations are supported by the Atlantic Canada Opportunities Agency (ACOA). Companies in the program will have access to the Volta community space and meet with ongoing advisors to assist them with tackling problems specific to their businesses.
“The Volta Cohort Pitch Competition is an incredible opportunity for Atlantic Canadian companies to showcase our region as a hub for innovation, entrepreneurship and talent with their innovative ideas and technology, and we are thrilled to support them,” said Matt Cooper, Interim CEO at Volta. “Volta Cohort companies continue to see success in our community and abroad – and we’re proud to assist them in their pursuit for growth, expansion and talent.”
Companies were selected at the Volta Cohort Pitch Event – a pitch competition held on May 25 at Volta. Ten Atlantic Canadian startup Founders pitched their businesses to a panel of judges, including experts from the region’s tech and startup community, and representatives from ACOA, BDC, and Innovacorp.
The companies selected to join the next Volta Cohort include:
- dependbuild – Co-Founders, Conor O’Brien and Dr. Tom Cooper (Halifax, NS) – helps municipalities and infrastructure developers identify, assess, and track their risks with their cloud-based risk management software solution.
- Easy Platter – Founder, Mandhir Singh (Halifax, NS) – is a platform that connects you with a local chef for your weekly, in-home meal prep.
- PragmaClin Research Inc. – Co-Founders, Bronwyn Bridges and Gord Genge – (St. John’s, NL) is transforming neurological disease monitoring, by using innovative digital tools to manage movement disorder assessments from home.
Since the inception of the Volta Cohort program in 2017, Volta Cohort companies have raised more than $20 million in secured investments and leveraged over $12 million in grant dollars received. Volta Cohort recipients are currently employing 200 full-time staff and to date have earned over $6 million combined in total lifetime revenue.
Visit voltaeffect.com/cohort to learn more.
Volta, located in Halifax, Nova Scotia, is the largest innovation hub east of Montreal. Focused on creating a space where members of the regional innovation ecosystem can work, connect and grow, Volta provides access to Co-Working Space, programming, mentorship, resources and events. Volta has been home to more than 100 startup companies through the Volta Residency Program. Participants in this program have created more than 3,000 jobs and raised a combined total of over $275 million in equity financing. Learn more at www.voltaeffect.com.
About the Atlantic Canada Opportunities Agency
The Atlantic Canada Opportunities Agency works to create opportunities for economic growth in Atlantic Canada by helping businesses become more competitive, innovative and productive, by working with diverse communities to develop and diversify local economies, and by championing the strengths of Atlantic Canada. Together, with Atlantic Canadians, ACOA is building a stronger economy. For more information, please visit www.acoa-apeca.gc.ca.
About BDC Capital
With more than $2-billion under management, BDC Capital is the investment arm of BDC, serving as a strategic partner to Canada’s most innovative and high potential firms. It offers a range of equity, venture capital and flexible growth and transition capital solutions to help Canadian entrepreneurs scale their businesses into global champions. To find out more, visit www.bdc.ca/capital.
Innovacorp is Nova Scotia’s early stage venture capital organization. It finds, funds and fosters innovative Nova Scotia startups that strive to change the world. The goal is to help those startups commercialize their technologies and succeed in the global marketplace. In addition to risk capital, Innovacorp gives entrepreneurs access to world-class incubation facilities, expert advice and other support to help accelerate their companies. More information at www.innovacorp.ca.
For more information contact:
Interim CEO, Volta