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Innovacorp
AddedFeb 16, 2024
UpdatedJun 28, 2026
Innovacorp

Innovacorp

Operating

Innovacorp, a Canadian venture capital firm, aids startups in global tech commercialization.

Location
Halifax, Nova Scotia, CA
Founded
1995
Firm
Compare
Portfolio
Fundraising
Employees
Website

Innovacorp is a Nova Scotia crown corporation managing an early-stage venture capital fund focused on helping knowledge-based startups commercialize their technologies for global markets. The organization primarily invests in seed and early-stage rounds, with a particular emphasis on Nova Scotia-based companies across various technology sectors.

Notable portfolio companies include Carbide, LightSail Energy, and Planetary. Led by president and CEO Malcolm Fraser, Innovacorp aims to foster innovation and economic growth in Nova Scotia. The firm offers value-added services to its portfolio companies, helping them scale and succeed in the global marketplace while contributing to the province's growing tech ecosystem.

Innovacorp - Portfolio Snapshot

Portfolio activity breakdown across disclosed investments and stages

Total Investments16
Current Portfolio Count10
Total Portfolio Exits0

Top Investment Stages

Seed5 (35.7%)
Grant4 (28.6%)
Pre-Seed2 (14.3%)
Series Unknown2 (14.3%)
Angel1 (7.1%)

Stage Mix

Seed 36%Grant 29%Pre-Seed 14%Series Unknown 14%Angel 7%

Concentration shown as share of disclosed investments by stage.

Recent Investments

Planetary logo

Planetary

Easy Platter logo

Easy Platter

Hollo Medical logo

Hollo Medical

KorrAI logo

KorrAI

ReelData AI logo

ReelData AI

Salient Energy logo

Salient Energy

Carbide logo

Carbide

Volta logo

Volta

Portal logo

Portal

Oris4 logo

Oris4

LightSail Energy logo

LightSail Energy

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Technology Venture logo

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Innovacorp - Classification

NAICS
  • 520000Finance and Insurance
  • 523000Securities, Commodity Contracts, and Other Financial Investments and Related Activities
  • 523900Other Financial Investment Activities
  • 523990All Other Financial Investment Activities
  • 523999Miscellaneous Financial Investment Activities
SIC
  • 6700Holding And Other Investment Offices
  • 6790Miscellaneous Investing
  • 6799Investors, Not Elsewhere Classified
ISIC
  • 7210Research and experimental development on natural sciences and engineering
Show 32 more industry codes
NAICS
  • 540000Professional, Scientific, and Technical Services
  • 560000Administrative and Support and Waste Management and Remediation Services
  • 525000Funds, Trusts, and Other Financial Vehicles
  • 541000Professional, Scientific, and Technical Services
  • 561000Administrative and Support Services
  • 541700Scientific Research and Development Services
  • 541900Other Professional, Scientific, and Technical Services
  • 561900Other Support Services
  • 523910Miscellaneous Intermediation
  • 523940Portfolio Management and Investment Advice
  • 541710Research and Development in the Physical, Engineering, and Life Sciences
  • 541990All Other Professional, Scientific, and Technical Services
  • 561990All Other Support Services
  • 541715Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
SIC
  • 4400Water Transportation
  • 4490Services Incidental To Water Transportation
  • 4499Water Transportation Services, Not Elsewhere Classified
  • 7200Personal Services
  • 7290Miscellaneous Personal Services
  • 7299Miscellaneous Personal Services, Not Elsewhere Classified
  • 8900Services, Not Elsewhere Classified
  • 8990Services, Not Elsewhere Classified
  • 8999Services, Not Elsewhere Classified
  • 6000Depository Institutions
  • 7300Business Services
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 6720Investment Offices
  • 7380Miscellaneous Business Services
  • 8730Research, Development, And Testing Services
  • 6722Management Investment Offices, Open-end
  • 7389Business Services, Not Elsewhere Classified
  • 8731Commercial Physical and Biological Research