Year in Review 2022/23

AT LAN TIC 20222023

AUDYSE TECHNOLOGY AXTION INDEPENDENCE MOBILITY INC. ENAIMCO HOLLO MEDICAL MACH85 INC. PERMALUTION PRAGMACLIN RESEARCH INC. QUICKFACTS SIFTMED ZENENERGY CORSPHERE HEFRINGMARINE HEFRINGENGINEERING HULLBOT JAIAROBOTICS NYOKA ONDECKFISHERIESAI PHOTONMARINE SEALUTION VOLTAI

CDL

CDL’s mission is to accelerate the commercialization of science for the betterment of humankind.

NTO TORO AI , Prime, erapies, ced Th Advan medical, Bio ering, Engine , Patter, hain Blockc , Quantum, Neuro pace S

We are part of something massive!

Here’s where you can find us.

ROC KIES Prim e,A Ener g, gy

ER ies, V p OU era , C h al, ate N T VA ed edic lim c C an iom ing, te v d B r A e mpu e n gi Co n E

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CDL-ATLANTIC 2022–2023

SEATTLE Computational Health, Manufacturing

MO

ATLANTIC Prime, Oceans

NTR EAL AI , S u Cha p in, W ply eb3

BERLIN Health

ON S I N WISC ced Advan Health pies, Thera lness, Risk & Wel

TA ATLAN erce, Comm ce S pa

OXFORD Advanced Therapies, AI, Climate, Health, FinTech

IS PAR ate, Climace Sp

E Dig STO N ita l S IA oc iet y CDL-ATLANTIC 2022–2023

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A Year of Remarkable Achievements

As we reflect on the past year, we are overwhelmed with pride and excitement as we share the remarkable accomplishments that have defined the journey of Creative Destruction Lab Atlantic in the 2022-23 Annual Year in Review. $1 Billion Equity Value Milestone One of the most remarkable accomplishments of this year is the momentous milestone we have reached–surpassing $1 billion in equity value creation. This incredible achievement is a testament to the boundless potential of our ventures, the hard work of our founders, and the dedicated support of our mentors, partners and the entire CDL-Atlantic community.

Partnerships that Pave the Way Our collaboration with The Economist’s World Ocean Technology and Innovation Summit catapulted CDL-Atlantic onto the global stage. This collaboration showcased the expertise of our mentors, ventures, and alumni in the field of ocean technology, reaffirming our position as a leader in driving innovation in this critical domain.

Strengthening Bonds with New Brunswick Our commitment to nurturing local innovation and entrepreneurship has never been stronger. This year, we were honoured to deepen our ties with New Brunswick by offering Session 4 of the Prime stream in partnership with the University of New Brunswick (UNB). We also expanded our presence by hiring a venture manager based in the province, further solidifying our dedication to the region.

A Global Footprint Our reach continues to expand far beyond our shores, with companies as far away as Australia participating in the CDL-Atlantic ecosystem. This international engagement underscores the global relevance and impact of our program.

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CDL-ATLANTIC 2022–2023

Championing Diversity and Inclusion At CDL-Atlantic, we believe that diversity fuels innovation.

We are thrilled to report that an outstanding 70% of the companies admitted to the Prime stream cohort and 30% of the Oceans stream cohort had female founders or C-suite representation. These numbers demonstrate our steadfast commitment to building an inclusive ecosystem where groundbreaking ideas know no gender boundaries.

These milestones and accomplishments are a testament to the dedication, hard work, and collaborative spirit of our entire CDL-Atlantic community. It is through this unwavering support, mentorship, and the relentless pursuit of excellence that we continue to push the boundaries of innovation.

We look forward to another year of groundbreaking achievements and transformative innovation.

FROM LEFT TO RIGHT: CDL-Atlantic Senior Leadership Team— Louis Beaubien, Academic Lead; Leslie McNabb-Kyritsis, Director, and Jeff Larsen, Site Lead and AVP, Innovation and Entrepreneurship, Dalhousie University CDL-ATLANTIC 2022–2023

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CDL-Atlantic Statistics 2022-23 Admitted Ventures

Graduating Ventures

20 20 Oceans

10

Countries Represented by Ventures

Oceans

Prime

Canada

10

USA

Prime

Iceland

$8.8 MILLION raised capital by ventures

21

UK

Total Atlantic Canadian Ventures

Australia

2

Oceans

85

Belgium

Germany

Total Active Mentors

19 Prime

39 33 13 Oceans

Prime

CDL-ATLANTIC 2022–2023

Both

Norway

5

Graduated Ventures 2022-23

Prime For founders pursuing state of the art technological innovations across diverse industries.

Audyse Technology St. John’s, Newfoundland and Labrador → audysetech.com Axtion Independence Mobility Inc. Halifax, Nova Scotia → theibexlift.com Enaimco St. John’s, Newfoundland and Labrador → enaimco.com Hollo Medical Halifax, Nova Scotia → hollomedical.com Mach85 Inc. Fredericton, New Brunswick → mach85.com

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Permalution Sherbrooke, Quebec → permalution.com PragmaClin Research Inc. St. John’s, Newfoundland and Labrador → pragmaclin.com QuickFacts Bedford, Nova Scotia → quickfactsinc.com SiftMed St. John’s, Newfoundland and Labrador → siftmed.ca Zen Energy Halifax, Nova Scotia → zenebikes.com

CDL-ATLANTIC 2022–2023

Oceans For founders focused on disrupting the ocean economy with digital technologies and sustainable solutions.

CORSphere St. John’s, Canada → corsphere.com

Nyoka Vancouver, Canada → lightbynyoka.com

Hefring Engineering Boston, USA → hefringengineering.com

OnDeck Fisheries AI Vancouver, Canada → ondeck.fish

Hefring Marine Reykjavík, Iceland → hefringmarine.com

Photon Marine Portland, USA → photonmarine.com

Hullbot Sydney, Australia → hullbot.com

Sealution Sint-Martens-Latem, Belgium → sealution.io

Jaia Robotics Newport, USA → jaia.tech

CDL-ATLANTIC 2022–2023

Voltai Dartmouth, Canada → voltai.ca

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The CDL Effect

↘

We asked our graduates…

WHAT DID YOU FIND WAS THE MOST VALUABLE ELEMENT IN THE PROGRAM?

“ The breadth and depth of the experience of the mentors. They are drawing upon their own entrepreneurial experience as well as experiences from other ventures they mentor, plus their expansive networks. CDL holds their mentors to strict standards, and I appreciate the caliber of the people we were able to work with. It would have taken a great deal of courage and/or consulting dollars to approach input of that nature outside of the program.”

Freda Zifteh Co-founder & CEO Hefring Engineering

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Christy Silvestri Co-Founder, President & CEO QuickFacts

Ravi Kempaiah Co-Founder & CEO Zen Energy

Underwriting Comparisons for Insurance Brokers During the first session, QuickFacts, a platform dedicated to enhancing operational efficiency for insurance brokers, made a notable pivot in its fundraising strategy. QuickFacts had decided to forgo seeking significant investment to instead opt for a smaller loan. The mentors advised against this and encouraged the venture to stand by their initial fundraising plan.

QuickFacts agreed and raised an impressive $1.3 million in a funding round, with 70% of the capital coming from CDL mentors and their VC firms, including Sandpiper Ventures who led the round.

Sandpiper Ventures’ investment in QuickFacts marks the eleventh successful venture in their portfolio.

World-class Battery Development for a Cleaner World Zen Energy, a forward-thinking company in the sustainable energy sector, entered our program with a primary focus of scaling their e-bikes sales.

However, through their discussions with the CDLAtlantic mentors, they quickly recognized the potential applications of their battery technology in various industries and as a result, they pivoted their attention towards these new markets.

They expanded their scope to include battery solutions for two and three-wheeled vehicles operating in hot climates. By leveraging the mentors’ expertise, Zen Energy developed battery systems that improve the performance and range of these vehicles, which addresses the unique challenges of these extreme weather conditions. This strategic shift has allowed Zen Energy to move towards becoming a leader in battery technology while expanding their offering of sustainable and efficient energy solutions.

CDL-ATLANTIC 2022–2023

“The single thing I find the most helpful is being held accountable to someone (the mentors) for completing milestones and deliverables. I perform best when I am accountable to others in a 360-degree manner, and CDL is an effective proxy for a Board of Directors. There is no wiggle room for failure… and I LOVE that!”

Tracey McGillivray (Laurence) Co-founder & CEO, Axtion Independence Mobility Inc.

Session Highlights CDL-Atlantic

WOTIS welcomed the Prime Minister of Canada, Justin Trudeau, who shared his views on climate change, government support and innovation in ocean technology.

Øyvind Fylling-Jensen, CEO of Nofima AS, CDL-Atlantic Mentor

The World Ocean Tech and Innovation Summit (WOTIS) Halifax, Nova Scotia, October 2022

Canada’s Ocean Supercluster, in collaboration with the Province of Nova Scotia and the Halifax Partnership, hosted the annual World Ocean Tech and Innovation Summit (WOTIS). The Summit convened innovators, business leaders, thought leaders and investors to learn about and engage with the latest “blue economy” innovators and technologies, and identify solutions that formed the roadmap to a sustainable, thriving ocean economy.

The two-day program showcased local, globallyscalable innovations and welcomed international business leaders, investors and scientists to share learnings and unleash new opportunities for cross-border partnership and investment.

CDL-Atlantic was a key contributor to the event with several of our stakeholders presenting during the Summit (see list).

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CDL-ATLANTIC 2022–2023

↘ CDL-Atlantic WOTIS Presenters Mentors Steven Adler, Øyvind Fylling-Jensen, Ted Janulis, Justin Manley, Melanie Nadeau, Julie Peyrache, Millicent Pitts, Julie Pullen, John Risley, Toby Stapleton, Anya M. Waite Partners Susan Hunt, Jennifer LaPlante Venture Founders M Sazied Hassan, Brian Takeda CDL-Atlantic Staff Eric Siegel, CDL-Atlantic Executive in Residence

CDL-Atlantic Prime Session #4

Fredericton, New Brunswick, May 2023 In collaboration with the University of New Brunswick, CDL-Atlantic hosted Prime Session #4 in person at the Wu Conference Centre in Fredericton, NB on May 10, 2023.

This was CDL-Atlantic’s first time hosting a session in Fredericton, NB, and provided a great opportunity to engage the innovation and entrepreneurial community within this Atlantic province.

Guests and partners from the region had the opportunity to meet and network with CDL-Atlantic’s mentors, partners and guests who traveled to Fredericton to take part in this occasion to build deeper connections and foster valuable relationships beyond Nova Scotia.

CDL-Atlantic Venture Showcase Closing the session, three New Brunswick based CDL-Atlantic alumni shared the progress they have made since participating in the program during a panel moderated by CDL-Atlantic Fellow and Founding Partner, Bill Barrett.

Prior to the session, CDL-Atlantic hosted its Mentor Dinner at the Beaverbrook Art Gallery, in Fredericton, NB. Above, dinner guests are seen viewing Savador Dali’s Santiago el Grande.

LEFT TO RIGHT: panel moderator

Bill Barrett (Co-CEO, Barrett Corporation), Yan Simard (CEO, Kognitiv Spark), Xavier HebertCouturier (CEO, Picketa), Dhirendra Shukla (Co-Founder, Gray Wolf Analytics) CDL-ATLANTIC 2022–2023

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Super Session Highlights CDL-Global

CDL-Global Super Session kicked off Day 1 with a discussion of the book Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity by Daron Acemoglu and Simon Johnson. CDL-Atlantic mentor Rhiannon Davies, Managing Partner at Sandpiper Ventures and advocate for diversity in the early-stage entrepreneurial ecosystem, presented her reflections on chapter one.

John Risley, CDLAtlantic Mentor, Chairman & CEO of Clearwater Fine Foods Inc., presented on the Geopolitics of Ocean Innovation. He talked about the impact of climate change in Oceans, and the economic opportunities that Oceans could provide to the world.

Rhiannon Davies, Managing Partner at Sandpiper Ventures & CDL-Atlantic Mentor

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CDL-ATLANTIC 2022–2023

CDL-Atlantic participants

20 graduating ventures

3

alumni ventures

23 mentors

FRONT ROW-RIGHT TO LEFT: Daron Acemoglu, Shivon Zillis,

Patrick Pichette, Alison Sunstrum, Sten Tamkivi, Anousheh Ansari; BACK ROW-RIGHT TO LEFT: Frantz Saintellemy (not showing), Albert Wenger, Rhiannon Davies, Andrew Thompson, Scott Stornetta, Peter Settel CDL-ATLANTIC 2022–2023

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In the News

Kevin Spencer President, Director & Co-Founder and Patrick Hennessy Co-Founder, Director of Development Ring Rescue

Ring Rescue featured on Season 17 of Dragons’ Den Ring Rescue landed a deal in the Dragons’ Den. Led by the talented entrepreneur Kevin Spencer, the Ring Rescue team captivated the dragons with their innovative product and secured an impressive combined deal worth $400,000 CAD. Ring Rescue, a groundbreaking device designed to remove stuck rings effortlessly, garnered significant attention from

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the panel of esteemed investors. With its unique and user-friendly design, Ring Rescue promised to revolutionize the way people deal with the frustrating problem of stuck rings.

The Dragons recognized the product’s potential and were eager to join forces with the Ring Rescue team.

Congratulations to Kevin Spencer and their team!

CDL-ATLANTIC 2022–2023

Graphite Innovation & Technologies raises $10M to take its marine paint global The Business Development Bank of Canada led a $10 million fundraising round for Graphite Innovation & Technologies, a Halifax-based firm that manufactures eco-friendly maritime coatings. The investment will be used to raise manufacturing of its antifouling marine coatings to one million liters per year, relocate to a larger facility in the Halifax area, and expand into other international markets. The company aims to minimize carbon emissions from the shipping industry by making its technology available to every vessel.

“Graphite Innovation & Technologies’ strategic vision is for every vessel in the world to use its technology.

In addition to this latest round of venture capital funding, the company and Invest Nova Scotia have focused

Mo AlGermozi, CEO, Graphite Innovation & Technologies

on conducting market research and recently getting into trade markets in Europe, Singapore, and the Middle East” said Peter MacAskill, Invest Nova Scotia President and CEO.

CDL-ATLANTIC 2022–2023

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In the News

Picketa Systems raises $1.4 Million for plant tissue analysis Fredericton-based agtech and the United Kingdom. startup, Picketa Systems, has successfully raised $1.4 million in a seed round to advance its plant tissue analysis technology. The funding round included notable investors specializing in the agricultural sector such as Tall Grass Ventures, Emmertech, Koan Capital, Desjardins Group, East Valley Ventures, and Startup TNT. Picketa Systems intends to deploy 10 units of its technology across Canada

Their innovative solution enables real-time plant tissue analysis, offering agronomists and agricultural professionals the ability to integrate this data seamlessly into their workflows. By eliminating the need for a third-party laboratory, Picketa’s platform reduces costs and time associated with traditional manual plant tissue testing.

This application of precision agriculture aligns with the goal of reducing greenhousegas emissions, contributing to sustainable farming practices. The growing demand for agricultural testing technologies, driven by the need to maximize food production, is projected to result in a market valuation exceeding $1.26 billion USD by 2032.

FROM LEFT TO RIGHT:

Maxime Dumont, COO; Dominic Levesque, CTO; Zachary Andersen, CGO; Xavier Hébert-Couturier, CEO Picketa Systems

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CDL-ATLANTIC 2022–2023

ecoSPEARS wins Edison Award for breakthrough solution to eliminating ‘forever chemicals’

Serg Albino, CEO, Co-Founder, Ian Doromal, Co-Founder ecoSPEARS

ecoSPEARS has been recognized with the prestigious Edison Award for its revolutionary solution to eliminate ‘forever chemicals’. These persistent pollutants, known as per- and poly-fluoroalkyl substances (PFAS), have been a growing concern due to their harmful effects on human health and the environment. ecoSPEARS’ innovative technology utilizes a sorbent material to capture and remove PFAS from various sources, providing a promising approach to address the global challenge of PFAS contamination.

Beyond Innovation: showcasing the trailblazing alumni ventures from CDL-Atlantic Beyond Innovation has showcased several remarkable alumni ventures from CDL-Atlantic Oceans Stream. These interviews spotlight the significant benefits offered by their groundbreaking technologies.

CDL-Atlantic takes pride in supporting and nurturing such exceptional ventures, which serve as inspiring examples of the program’s success in fostering innovation and driving positive change.

CDL-ATLANTIC 2022–2023

Scan to view videos and learn more about featured CDLcompanies 1. Ashored Innovations 2. Graphite Innovation & Technologies 3.Planetary Technologies 4. SafetyNet Technologies 5. XOCEAN

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CDL-Atlantic Surpasses $1 Billion in EVC

One of our program’s key contributions lies in fostering equity value creation within the startups and early-stage companies we work with.

Equity value creation is a critical performance metric for companies as it drives their short-term and longterm success. It can be viewed as a direct result of a company’s successful execution of its business plan, achieving sustainable growth, and generating substantial returns for investors. Since its start, CDL-Atlantic has successfully created $1.2 Billion CAD in equity value ($51M CAD in 2022-23 alone).

CDL-Atlantic’s commitment to nurturing and supporting companies in equity value creation will continue to contribute to the overall growth and success of these innovative tech-based businesses that are shaping our future.

Learn more about each featured company on the next page.

$158.7M XOCEAN

$105.4M

CoLab Software Inc.

$100M

Mysa Smart Thermostats

$99.2M

Flux Marine

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CDL-ATLANTIC 2022–2023

$27.9M

Dive Technologies Inc.

$30M

Chinova Bioworks

$33M

ECOncrete Tech LTD.

$50M

Graphite Innovation & Technologies

$1.2 Billion CAD EQUITY VALUE CREATION

$71M

CapIntel Inc.

$75.2M Arcturus

CDL-ATLANTIC 2022–2023

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Top CDL-Atlantic Equity Value Creation Companies

$158.7M XOCEAN has made substantial strides in the field of Ocean data collection and unmanned maritime services. Their innovative solutions have proven instrumental in advancing our understanding of the world’s oceans. → xocean.com

$105.4M CoLab Software Inc. has made its mark in the collaborative design and visualization space.

Their cutting-edge software solutions have transformed how teams work together, fostering creativity and efficiency. → colabsoftware.com

$99.2M Flux Marine has made waves in the marine electric propulsion industry. Their innovative electric outboard motors provide a cleaner and more sustainable alternative to traditional gasoline engines. → fluxmarine.com

$75.2M Arcturus has made remarkable advancements in the field of genetic medicine. Their cutting-edge RNA-based therapeutics hold immense potential for treating various diseases. → arcturus.studio

$100M Mysa Smart Thermostats has revolutionized the energy efficiency sector.

Their intelligent and userfriendly thermostats empower consumers to reduce energy consumption and make sustainable choices. → getmysa.com

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CDL-ATLANTIC 2022–2023

$71M CapIntel Inc. has emerged as a leader in financial technology. Their sophisticated platform enables investment managers to make datadriven decisions and optimize their portfolios effectively. → capintel.io

$50M Graphite Innovation & Technologies has made significant strides in developing graphenebased materials. Their groundbreaking solutions hold promise for various industries, including aerospace, automotive, and renewable energy. → grapheneenterprise.ca

$30M Chinova Bioworks has revolutionized the food and beverage industry with its natural, clean-label antimicrobial solutions. Their products enable extended shelf life and improved food safety without compromising taste or quality. → chinovabioworks.com

$27.9M Dive Technologies Inc. has made significant strides in developing autonomous underwater vehicles (AUVs).

Their advanced technology allows for deep-sea exploration, data collection, and underwater mapping with increased efficiency and accuracy. → divetechnologies.com

$33M ECOncrete Tech LTD. has made a notable impact on sustainable infrastructure.

Their innovative concrete formulations and designs enhance marine life habitats and reduce the ecological impact of coastal and marine structures. → econcretetech.com CDL-ATLANTIC 2022–2023

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MBA Students

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MBA students from Dalhousie University, Halifax, NS; Memorial University, St. John’s, NFLD; and the University of New Brunswick, Fredericton, NB, participated in t he CDL-Atlantic program in 2022.

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MBA students that participate in the CDL-Atlantic Program again unique opportunities and benefits such as: → Work with exciting, world-class, earlystage companies on defined venture consulting projects in our Prime or Oceans streams. → Gain exposure to Mentors and Corporate Partners through participation in CDL-Atlantic Sessions.

CDL-ATLANTIC 2022–2023

→ Develop an understanding of how to allocate scarce resources → Recognize the importance of innovation-driven entrepreneurship

VENTURE FOUNDER

“Working with MBA student, Ali Shuparski has been amazing!

She smashed through some really valuable US market discovery work.Thank you so much for setting up such an awesome person to work with!”

Ben Fabello, MBA STUDENT “The CDL course was an invaluable aspect of my MBA experience. It was an incredible opportunity to immerse myself in the world of startups and entrepreneurship, gaining real-life experience that cannot be taught in a classroom. Working closely with Aera Agriculture was a highlight of the course, allowing me to apply the skills and knowledge I acquired during class in a practical setting. The mentorship and guidance I received throughout the class were exceptional, and I feel grateful for the support that helped shape my understanding of business development. Thank you to the CDL team for an unforgettable experience!”

CDL-ATLANTIC 2022–2023

Karl Watfern Co-founder & CTO, Hullbot

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CDL Apprentice Program

The CDL Apprentice Program aims to establish an engaging educational journey centered around technology, which encourages young students to explore various career options and increases the likelihood of young women+ individuals venturing into STEM, business, and entrepreneurship.

Young women-identified individuals, including two-spirit, transgender and non-binary individuals between the ages of 14-18, interested in STEM and entrepreneurship, are invited to attend virtual and site-specific, in-person sessions over the CDL program year. At our in-person sessions, students can shadow one of our mentors for a day, meet and interact with venture founders and other stakeholders and learn first-hand about innovation and entrepreneurship.

*PitchBook: The US VC Female Founders Dashboard

2023 CDL Apprentice Summit Oceans Breakout Room

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CDL-ATLANTIC 2022–2023

Female Venture Founder Statistics 2022-23 Women represent ~50% of the population yet continue to be underrepresented in technical studies and careers, with less than ~3% of venture capital being deployed to solely women-led startups.

(PitchBook: The US VC Female Founders Dashboard)

↘

OCEANS 6 FEMALE FOUNDERS

↘

PRIME 13 FEMALE FOUNDERS

Apprentice Summit 2023 This year, for the first time, the CDL Global network hosted a virtual Apprentice Summit to celebrate International Women’s Day. All CDL sites across the network took part in contributing to the programming. 30+ speakers participated in the event, and 250+ Students attended.

CDL-Atlantic hosted an Oceans stream breakout room moderated by Leslie McNabbKyritsis, Director CDL-Atlantic. Invited panelists include CDL-Atlantic Mentor Millicent Pits (Executive Director of Ocean Exchange) and CDL-Atlantic Venture Founders Paige Whitehead (Founder of Nyoka), and Seu-Jane Gallagher (Co-founder and General Manager of Repela Tech).

The panelists provided students the opportunity to learn more about the topic of eco-friendly oceans, and how innovation in particular can contribute to making our oceans healthier and more sustainable.

CDL-ATLANTIC 2022–2023

CDL hosted five virtual sessions focused on different technological streams over the program year, with a total of 125 apprentice participants.

OCTOBER 11, 2022 Oceans NOVEMBER 29, 2022 AI JANUARY 10, 2023 Fintech FEBRUARY 28, 2023 Blockchain APRIL 4, 2023 Supply Chain

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Beaverbrook Art Gallery, in Fredericton, NB. Location of the Mentor Dinner.

Mentors of the Year At CDL-Atlantic, we hold the annual “Mentors of the Year” awards to recognize and celebrate the outstanding contributions our fellows, associates, investigators and scientists have made in the CDL Community. These awards were announced at the beginning of the program year.

FELLOW

ASSOCIATE

INVESTIGATOR

John Risley Chairman & CEO of CFFI Ventures Inc.

Chris Neumann Partner, Panache Ventures

Erika Heine Montague Chief Technologist, Schmidt Marine Technology Partners

CDL-ATLANTIC 2022–2023

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Thank You We are grateful for the support and engagement of the business leaders who were active mentors in 2022-23 Bill Adams President, JCove Holdings Limited

Cathy Bennett Partner, Sandpiper Ventures

ASSOCIATE

ASSOCIATE

Steven Adler CEO, Ocean Data Alliance

Colin Calvert CFO, Nicoya Lifesciences Inc.

ASSOCIATE

ASSOCIATE

David Alston Co-Founder, TimberTop Adventures

Kyle Campbell Founder, CTO.ai

ASSOCIATE

Andrew Anderson Chief Technology Officer, Sonar Systems at Ultra Maritime ASSOCIATE

Toby Balch Science Partnership Coordinator, Fisheries and Oceans Canada SCIENTIST

ASSOCIATE

Geoff Flood Tech Advisory Leader, Atlantic Canada, MNP Digital ASSOCIATE

Jim Hanlon Owner, Convergent Consulting ASSOCIATE

Erika Montague Chief Technologist, Schmidt Marine Technology Partners INVESTIGATOR

Malcolm Fraser Managing Partner, Nadarra Ventures

Paul Hill Founder and Managing Director, Sparkasa Capital

ASSOCIATE

ASSOCIATE

Matt Cooper CEO, VOLTA

Spencer Fraser Founder & CEO, Landing Zones International

Chris Huskilson President and CEO, 5-H Holdings Inc.

ASSOCIATE

ASSOCIATE

PARTNER

Rhiannon Davies Managing Partner, Sandpiper Ventures

Oyvind Fylling-Jensen CEO, Nofima AS, The Norwegian Institute of Food Fisheries and Aquaculture Research

Richard Janega Former COO, Emera Inc.

ASSOCIATE

Kent Carson Chief Financial Officer, LuminUltra Technologies Ltd. ASSOCIATE

ASSOCIATE

Rob Barbara Partner, Build Ventures

Adam de Sola Pool Partner, Blue Angels Investment Group

ASSOCIATE

ASSOCIATE

Bill Barrett Co-CEO, Barrett Corporation

Mark Dobbin President, Killick Capital

FELLOW, FOUNDING

FELLOW, FOUNDING

PARTNER

PARTNER

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Gus Domel Investment Associate, Boost VC

ASSOCIATE

Ted Graham Principal, GM Ventures ASSOCIATE

CDL-ATLANTIC 2022–2023

FELLOW, FOUNDING

ASSOCIATE

Ted Janulis Founder & Principal, Investable Oceans ASSOCIATE

Faizal Javer Managing Partner, Greyhill ASSOCIATE

CDL Affiliation -Prime, -Oceans

Mark Jollymore President, Innovasea Systems Inc. ASSOCIATE

Savior Joseph President, Breathing Green Solutions

Allen Lau Co-founder and Venture Partner, Two Small Fish Ventures ASSOCIATE

Lauren Ledwell CEO, Discovery Garden Inc.

ASSOCIATE

ASSOCIATE

Rangesh Kasturi President, L3Harris Maritime International

Marlon Lewis Prof. Emeritus/ Senior Ocean Advisor, Dalhousie/ Cox&Palmer

ASSOCIATE

Patrick Keefe Partner, Build Ventures ASSOCIATE

Chris Keevil COO, Mariner Partners ASSOCIATE

David Kelly CEO, Innovasea ASSOCIATE

Shelley King CEO, Natural Products Canada ASSOCIATE

SCIENTIST

John Lindsay Chairman, East Port Properties ASSOCIATE, SUPPORTER

Eric Lindstrom Chief Scientist, Saildrone SCIENTIST

Atle Lohrmann President, General Oceans AS

Michael Lyon Chief Executive Officer, Lyon Capital Services ASSOCIATE

Laurie MacKeigan President, Backman Vidcom ASSOCIATE

Matt MacLellan President, Soley Cove Holdings ASSOCIATE

Leslie Magee Principal, Maytree Developments GUEST MENTOR

Justin Manley Founder, Just Innovation ASSOCIATE

Paola Marignani Professor, Dalhousie University SCIENTIST

ASSOCIATE

Scott Loong Partner, Panache Ventures

Ken Marshall Director, KTM Ventures Inc ASSOCIATE

Rick Moignard Former CEO, GEOVIA ASSOCIATE

Chris Moyer President, Pelorus VC ASSOCIATE

Sarah Murphy Partner, Pelorus VC ASSOCIATE

Melanie Nadeau CEO, Centre for Ocean Ventures & Entrepreneurship (COVE) ASSOCIATE

Chris Neumann Partner, Panache Ventures ASSOCIATE

Carolyn O’Keefe Owner, Thinkwell Research + Strategy ASSOCIATE

ASSOCIATE

CDL-ATLANTIC 2022–2023

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Thank You

Robert Orr Managing Director, Cuna del Mar LP FELLOW

Andy Osburn Principal Consultant, Nymi ASSOCIATE

Thomas Park Partner, BDC Deep Tech Fund ASSOCIATE

Scott Pelton Co-founder, RiSC Capital ASSOCIATE

Milly Pitts Executive Director, Ocean Exchange, Inc. ASSOCIATE

Olivier Raybaud Managing Director, SWEN Capital Partners ASSOCIATE

CDL Affiliation -Prime, -Oceans

Marc Savoie Executive In Residence, East Valley Ventures ASSOCIATE

Brice Scheschuk Managing Partner, Globalive Capital

Richard Stavis Founder, Stavis Consulting, LLC ASSOCIATE

Neil Wainwright CEO, UpHabit ASSOCIATE

Ian Smith CEO, Clearwater Seafoods

Jeff White CEO, New Brunswick Innovation Foundation

ASSOCIATE

ASSOCIATE

Jim Spatz Executive Chairman, Southwest Properties Ltd.

Pamela Winsor Principal, Winsor Healthsystems Consulting

ASSOCIATE

FELLOW, FOUNDING PARTNER

Matt Stanley Investment Director, Cleantech, BDC Capital

ASSOCIATE

Boris Worm Professor, Dalhousie University SCIENTIST

ASSOCIATE

John Risley Chairman & CEO, CFFI Ventures Inc.

Tobias Stapleton Co-founder, Managing Director, Blue Venture Forum

FELLOW, FOUNDING

INVESTIGATOR

PARTNER

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CDL-ATLANTIC 2022–2023

Partners

Thank you to all of our partners that support us in our Prime and Oceans streams.

Founding Partners George Armoyan Bill Barrett Mark Dobbin Chris Huskilson John Risley Ken Rowe Frank Sobey Rob Sobey Jim Spatz Rob Steele

Corporate Partners Bank of Montreal Business Development Bank of Canada Builders Initiative Canada’s Ocean Supercluster Canadian Special Operations Forces Command ExxonMobil KPMG Ocean Frontier Institute Osler Royal Canadian Navy

CDL-ATLANTIC 2022–2023

Supporters Atlantic Canada Opportunities Agency Invest Nova Scotia Genesis John Lindsay Volta

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2023-24 Session Dates

Oceans

BOSTON

October 19, 2023

Session #1

January 23, 2024

Session #2

March 20, 2024

Session #3

May 8, 2024

Session #4

Prime

HALIFAX

November 16, 2023

Session #1

January 24, 2024

Session #2

March 21, 2024

Session #3

May 15, 2024

Session #4

Sessions highlighted in pink will be held in person; all other sessions will be held online via Zoom.

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CDL-ATLANTIC 2022–2023

creativedestructionlab.com