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Innovacorp is the only such organization in the region, perhaps the country, that combines incubation, accelerator programming, and startup community funding.
Its one-stop-shop approach has proven successful, recently celebrating its first unicorn investment where its $3 million investment in Meta Materials Inc. six years ago brought in $101 million for the state-owned company. Innovacorp operates three separate incubation facilities, Labs, Arrays and COVE.
“They used all of Innovacorp’s services. They have been in our incubation center. They used all of our acceleration programs. We have invested capital in it,” CEO Malcolm Fraser said. “We believe doing all of these things…provides a greater likelihood of success for these companies.”
In his conversation with Don Mills on the latest episode of the Huddle “Insights” podcast, Fraser talks about the direction of Innovacorp and its success, as well as the region’s growing collaboration with like-minded organizations.
You can listen to the conversation with Cooper in the player above. Better yet, search for “Huddle Insights” on a podcast platform like Apple or Spotify. Follow the show and never miss an episode. You can also listen to past episodes on these platforms.
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The “Insights” podcast combines the experiences of economist, David Campbell, and social scientist, Don Mills, to explore the challenges and opportunities facing Atlantic Canada, promote evidence-based decision-making data among decision makers and encourage wider dialogue and debate. leading to greater prosperity for the region.
This episode of Insights is brought to you by MNP Digital, a company that guides, protects and empowers organizations through their digital journey. See how at mnpdigital.ca/atlantic-canada-is-home/