Year in Review 2022/23

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CDL AT LAN TIC

AUDYSE TECHNOLOGY AXTION INDEPENDENCE MOBILITY INC. ENAIMCO HOLLO MEDICAL MACH85 INC. PERMALUTION PRAGMACLIN RESEARCH INC. QUICKFACTS SIFTMED ZEN ENERGY CORSPHERE HEFRING MARINE HEFRING ENGINEERING HULLBOT JAIA ROBOTICS NYOKA ONDECK FISHERIES AI PHOTON MARINE SEALUTION VOLTAI 20222023

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

We are part of something massive! Here’s where you can find us.

TORONTO Prime, AI, AdvancedBiomedical,Therapies, Blockchain,Engineering,Patter, Neuro,SpaceQuantum,

ROCKIES

Prime,Ag, Energy

VANCOUVER AdvancedTherapies,Engineering,Biomedical,Climate, Compute

SEATTLE

Computational Health, Manufacturing

2 CDL-ATLANTIC 2022–2023

ATLANTIC

Prime, Oceans

ATLANTA Commerce, Space

BERLIN Health

WISCONSIN Therapies,AdvancedHealth & Wellness, Risk

OXFORD

Advanced Therapies, AI, Climate, Health, FinTech

PARIS Climate, Space

ESTONIA DigitalSociety

1 CDL-ATLANTIC 2022–2023
MONTREALChain,AI,SupplyWeb3

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.

2 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.

3 CDL-ATLANTIC 2022–2023
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
5 CDL-ATLANTIC 2022–2023 20 Prime 2 Oceans 19 Prime 10 Oceans 10 Prime CDL-Atlantic Statistics 2022-23 39 Oceans 33 Prime 13 Both Countries Represented by Ventures Admitted Ventures Graduating Ventures 85 Total Active Mentors 20 Oceans $8.8 MILLION raised capital by ventures Canada Australia Iceland Germany USA Belgium
Norway 21 Total Atlantic Canadian Ventures
UK

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

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

6 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

Hefring Engineering

Boston, USA

→ hefringengineering.com

Hefring Marine

Reykjavík, Iceland

→ hefringmarine.com

Hullbot

Sydney, Australia

→ hullbot.com

Jaia Robotics

Newport, USA

→ jaia.tech

Nyoka

Vancouver, Canada

→ lightbynyoka.com

OnDeck Fisheries AI

Vancouver, Canada

→ ondeck.fish

Photon Marine

Portland, USA

→ photonmarine.com

Sealution

Sint-Martens-Latem, Belgium

→ sealution.io

Voltai

Dartmouth, Canada

→ voltai.ca

7 CDL-ATLANTIC 2022–2023

The CDL Effect

We asked our graduates…

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

Underwriting Comparisons for Insurance Brokers

“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.”

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.

8 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

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).

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

10
2022–2023
CDL-ATLANTIC
Øyvind Fylling-Jensen, CEO of Nofima AS, CDL-Atlantic Mentor WOTIS welcomed the Prime Minister of Canada, Justin Trudeau, who shared his views on climate change, government support and innovation in ocean technology.

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.

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CDL-ATLANTIC 2022–2023 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)

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.

12 CDL-ATLANTIC 2022–2023
Rhiannon Davies, Managing Partner at Sandpiper Ventures & CDL-Atlantic Mentor

CDL-Atlantic participants

20 graduating ventures

3 alumni ventures

23 mentors

13 CDL-ATLANTIC 2022–2023
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

In the News

Kevin

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

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!

14 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

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.

15 CDL-ATLANTIC 2022–2023

Picketa Systems raises $1.4 Million for plant tissue analysis

Fredericton-based agtech 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

and the United Kingdom. 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.

16 CDL-ATLANTIC 2022–2023
In the News
FROM LEFT TO RIGHT: Maxime Dumont, COO; Dominic Levesque, CTO; Zachary Andersen, CGO; Xavier Hébert-Couturier, CEO Picketa Systems
ecoSPEARS

wins

Edison Award for breakthrough solution to eliminating ‘forever chemicals’

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.

Scan to view videos and learn more about featured CDLcompanies

1.

2.

3.

4.

5.

17 CDL-ATLANTIC 2022–2023
Ashored Innovations
Graphite Innovation & Technologies
Planetary Technologies
SafetyNet Technologies
XOCEAN

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

18 CDL-ATLANTIC 2022–2023

$1.2 Billion CAD EQUITY VALUE CREATION

$27.9M Dive Technologies Inc.

$30M Chinova Bioworks

$33M ECOncrete Tech LTD.

$50M Graphite Innovation & Technologies

$71M CapIntel Inc.

$75.2M Arcturus

19 CDL-ATLANTIC 2022–2023

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

$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

$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

20 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

$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

$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

21 CDL-ATLANTIC 2022–2023

MBA Students

52

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.

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.

→ Develop an understanding of how to allocate scarce resources

→ Recognize the importance of innovation-driven entrepreneurship

22 CDL-ATLANTIC 2022–2023
“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!”

“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!”

Watfern
23 CDL-ATLANTIC 2022–2023
Ben Fabello, MBA STUDENT
VENTURE FOUNDER

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.

24 CDL-ATLANTIC 2022–2023
2023 CDL Apprentice Summit Oceans Breakout Room

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)

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 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

25
2022–2023
CDL-ATLANTIC
OCEANS 6 FEMALE FOUNDERS
↘ ↘
PRIME 13 FEMALE FOUNDERS 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.

27 CDL-ATLANTIC 2022–2023
FELLOW INVESTIGATOR ASSOCIATE John Risley Chairman & CEO of CFFI Ventures Inc. Erika Heine Montague Chief Technologist, Schmidt Marine Technology Partners Chris Neumann Partner, Panache Ventures

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

ASSOCIATE

Steven Adler CEO, Ocean Data Alliance ASSOCIATE

David Alston Co-Founder, TimberTop Adventures ASSOCIATE

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

Toby Balch Science Partnership Coordinator, Fisheries and Oceans Canada SCIENTIST

Rob Barbara Partner, Build Ventures

ASSOCIATE

Bill Barrett Co-CEO, Barrett Corporation

FELLOW, FOUNDING PARTNER

Cathy Bennett Partner, Sandpiper Ventures

ASSOCIATE

Colin Calvert CFO, Nicoya Lifesciences Inc.

ASSOCIATE

Kyle Campbell Founder, CTO.ai

ASSOCIATE

Kent Carson Chief Financial Officer, LuminUltra Technologies Ltd.

ASSOCIATE

Matt Cooper CEO, VOLTA

ASSOCIATE

Rhiannon Davies Managing Partner, Sandpiper Ventures

ASSOCIATE

Adam de Sola Pool Partner, Blue Angels Investment Group

ASSOCIATE

Mark Dobbin President, Killick Capital

FELLOW, FOUNDING PARTNER

Gus Domel Investment Associate, Boost VC ASSOCIATE

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

Malcolm Fraser Managing Partner, Nadarra Ventures ASSOCIATE

Spencer Fraser Founder & CEO, Landing Zones International ASSOCIATE

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

Ted Graham Principal, GM Ventures ASSOCIATE

Jim Hanlon

Owner, Convergent Consulting

ASSOCIATE

Erika Montague Chief Technologist, Schmidt Marine Technology Partners INVESTIGATOR

Paul Hill

Founder and Managing Director, Sparkasa Capital ASSOCIATE

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

Richard Janega

Former COO, Emera Inc. ASSOCIATE

Ted Janulis

Founder & Principal, Investable Oceans ASSOCIATE

Faizal Javer Managing Partner, Greyhill ASSOCIATE

28 CDL-ATLANTIC 2022–2023

Mark Jollymore President, Innovasea Systems Inc.

ASSOCIATE

Savior Joseph President, Breathing Green Solutions

ASSOCIATE

Rangesh Kasturi President, L3Harris Maritime International 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

Allen Lau

Co-founder and Venture Partner, Two Small Fish Ventures

ASSOCIATE

Lauren Ledwell CEO, Discovery Garden Inc. ASSOCIATE

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

John Lindsay Chairman, East Port Properties ASSOCIATE, SUPPORTER

Eric Lindstrom Chief Scientist, Saildrone SCIENTIST

Atle Lohrmann President, General Oceans AS ASSOCIATE

Scott Loong Partner, Panache Ventures

ASSOCIATE

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

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

29 CDL-ATLANTIC 2022–2023 CDL Affiliation -Prime, -Oceans

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

John Risley Chairman & CEO, CFFI Ventures Inc. FELLOW, FOUNDING PARTNER

Marc Savoie Executive In Residence, East Valley Ventures

ASSOCIATE

Brice Scheschuk Managing Partner, Globalive Capital ASSOCIATE

Ian Smith CEO, Clearwater Seafoods ASSOCIATE

Jim Spatz Executive Chairman, Southwest Properties Ltd. FELLOW, FOUNDING PARTNER

Matt Stanley Investment Director, Cleantech, BDC Capital ASSOCIATE

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

Richard Stavis Founder, Stavis Consulting, LLC

ASSOCIATE

Neil Wainwright CEO, UpHabit ASSOCIATE

Jeff White CEO, New Brunswick Innovation Foundation ASSOCIATE

Pamela Winsor Principal, Winsor Healthsystems Consulting ASSOCIATE

Boris Worm Professor, Dalhousie University SCIENTIST

30 CDL-ATLANTIC 2022–2023
CDL Affiliation -Prime, -Oceans
Thank You

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

Supporters

Atlantic Canada

Opportunities Agency

Invest Nova Scotia

Genesis

John Lindsay

Volta

31 CDL-ATLANTIC 2022–2023

2023-24 Session Dates

Oceans BOSTON

October 19, 2023

January 23, 2024

March 20, 2024

May 8, 2024

Session #1

Session #2

Session #3

Session #4

Prime HALIFAX

November 16, 2023

January 24, 2024

March 21, 2024

May 15, 2024

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

Session #1

Session #2

Session #3

Session #4

32 CDL-ATLANTIC 2022–2023
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