Volta announces sixteen finalists to pitch for $25,000 at the Volta Cohort Pitch Event
HALIFAX, NS (October 25, 2021) – Sixteen early stage technology startups based in Atlantic Canada have been selected to pitch their business ideas during the Volta Cohort Pitch Event on Wednesday, November 24.
Following the Volta Cohort Pitch Event, up to five companies will be selected to receive mentorship, resources and $25,000 in investment as part of the year-long Volta Cohort program. Since the program began in 2017, 39 startups have been awarded investment. Volta Cohort companies currently employ approximately 175 people, and have raised over $20 million in major VC financing since the program’s inception. These companies continue to demonstrate the significant impact the program has and continues to have on the Atlantic Canadian startup ecosystem and economy.
With the expansion of the fund to allow for follow-up investment, up to five high-growth companies, selected from previous Volta Cohort winners, will have the opportunity to secure $25,000 in additional investment, as long as they remain in the program for six months and meet specific program milestones. This potential $50,000 in total investments for select Cohort companies, results in increased jobs and economic contributions. The Atlantic Canada Opportunities Agency (ACOA) will continue to support the day-to-day operations of the program.
“It is always inspiring to see the impact of the Volta Cohort program on early stage startups across our region. Since the program started in 2017, we have had several Cohort companies continue to create jobs within Atlantic Canada, participate in renowned accelerators and raise significant funding rounds,” said Martha Casey, CEO at Volta. “At our upcoming Cohort Pitch Event, we are thrilled to have companies that span multiple sectors and industries, and significant women representation, with 43% of the companies having at least one woman Founder. We can’t wait to continue to work with these companies and help them with building impressive technologies so that they can flourish in our region and beyond.”
The sixteen finalists include:
- Air Clarity Solutions – is developing an innovative air filtration technology that will reduce indoor air pollution, in turn allowing businesses and people to breathe easier.
- Amp Health – is on a mission to prevent 10 million people from developing chronic disease in the next 10 years. Their first product, Struggle app, uses unique behaviour change techniques and machine learning to help prevent diabetes in prediabetics.
- BlueThumb Technologies – is a FinTech company that develops socially innovative financial technologies with the purpose of ending poverty in Canada.
- Detectica Inc. – has developed a very accurate nanosensor platform to rapidly detect viral pathogens via saliva, blood, or nasal swab. It works for humans as well as animals.
- HOLLO Medical – is developing the next generation of holding chambers for inhaler users.
- HosTech – is a one-stop virtual solution for all your health problems.
- Maritime Reused Plastic Products– is a circular economy solution that diverts plastic waste from landfill to create 100% post-industrial recycled plastic products.
- Materiality.io – is an intelligence platform to engage, track and communicate ESG issues critical to your stakeholders and your success.
- MOC Biotechnologies Inc. – offers hybrid bioprinting technologies to clone hard and soft implants, scaffolds, tissues and organs to deliver world-class solutions for pharmaceutical companies, research centres, universities, laboratories and institutes.
- Myomar Molecular Inc. – is developing a diagnostic tool to detect muscle loss.
- MyPAQ – Is a sustainable way to get your everyday essentials.
- Parados – provides members of high-performance athletics and military organizations with the tools needed to reach and maintain their cognitive potential.
- Reno Tree Inc. – connects homeowners with multiple lenders, and contractors to help streamline the home renovation process from start to finish.
- Shifting Shap3s – helps makers build and make things more responsibly by facilitating the recovery and reuse of plastic waste in 3D printing.
- Spokesfan – is a social media platform for word of mouth recommendations.
- Storybox – is an interactive website that both informs and establishes a sense of community through one-on-one mentorship, videos, blogs, and podcasts.
This event marks the ninth intake of the Volta Cohort program since its inception in 2017. Participants are selected through an application process, which runs twice a year. Winners of the Pitch Event are then accepted into the program, and will receive investment, office space at Volta, and access to a board of mentors, comprised of industry leaders and Founders of Volta’s Resident and Alumni companies. For companies outside of Halifax, support is arranged with partner organizations in other cities across Atlantic Canada.
Volta Cohort was created to address the lack of resources and early stage investment available to technology startups in New Brunswick, Prince Edward Island, Nova Scotia, and Newfoundland and Labrador. The collaboration between Volta, the Atlantic Canada Opportunities Agency (ACOA), BDC Capital, and Innovacorp ensures startup Founders across the region have provincial, regional and national organizations committed to their success.
The Volta Cohort Pitch Competition will be taking place virtually on Wednesday, November 24 at 5:30pm. Members of the public are invited to watch for free, and can register to attend via Eventbrite. More information on the Volta Cohort Program, and the Volta Cohort Pitch Event, can be found at www.voltaeffect.com/cohort.
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. This program has created more than 300 jobs and raised a combined total of over $100-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 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 innovacorp.ca.
For more information contact:
Laura Sinclair, Senior Marketing Coordinator