CDL-Atlantic Year in Review 2023-24

2023-24

ADHERE GEAR TECHNOLOGY CORP. | ARUNA REVOLUTION HEALTH INC. | ATDEPTH MRV | CARE WEATHER TECHNOLOGIES INC. ELLE, MD BIOTECHNOLOGIES | INFUSD NUTRITION | KATCHI | LOCARIUS | NONA TECHNOLOGIES | OPAS MOBILE | PHOENIX WASTE SOLUTIONS | QUANTUM DEVICES CORP. | RFINE BIOMASS SOLUTIONS INC. | SEASATS | SOS CARBON | UNIFIED.TO | VOLTSAFE INC.

CDL ATLANTIC

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

Together, we are Building Something Massive.

Looking back on the 2023-24 program year, we are reminded of the adage: “It takes a village to raise a startup.” This sentiment has never been more true as we celebrate our seventh year of programming at Creative Destruction Lab Atlantic.

Our focus on collaboration continues to be the cornerstone of our success, both within Atlantic Canada and on the global stage.

Our Prime stream has been a vibrant showcase of many Atlantic Canadian companies. CDL-Atlantic remains dedicated to increasing support for our regional founders.

We were delighted that the Province of Nova Scotia renewed its support for CDL-Atlantic for the next five years. In addition, they have initiated a pilot program to match angel investments originating from CDL, further boosting our local entrepreneurial ecosystem.

(For more details, please refer to our In the News section.)

This year, we also launched a new initiative in partnership with Volta to attract more investors from outside our region to Atlantic Canada. Volta Investment Day, hosted before our two CDL Prime

LEADERSHIP

Welcome

Jeff Larsen, Site Lead

in-person sessions, allowed for cross-attendance of investors at both events, along with increased exposure and investment opportunities for venture founders.

The positive feedback from this initiative has encouraged us to continue this collaboration in the future.

We also explored the appetite for collaboration with other Oceans ecosystems, culminating in the successful kickoff of our Oceans session in partnership with MIT and Dalhousie’s Oceans Frontier Institute (OFI). Delivered as the Oceans Climate Solutions Summit, the

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CDL-ATLANTIC 2023–24

multi-day event engaged in critical discussions and education around some of the most pressing climate issues affecting our oceans, while introducing the companies that are developing solutions to address them.

The success of the Oceans Climate Solutions Summit has forged new connections and garnered support that will allow us to expand our horizons. We are thrilled to announce that CDL will be offering a session in Bergen, Norway during One Ocean Week 2025 and at the Sustainable Oceans Summit in San Francisco in the fall of 2025. These collaborations not only enhance awareness of CDL Oceans but also inject excitement and fresh perspectives into our

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Louis Beaubien, Site Academic Lead

program year, keeping it dynamic and engaging for both returning mentors and new participants.

At CDL-Atlantic, we take immense pride in being a driving force for collaboration, helping to raise startups locally and abroad. The combined efforts of our community— mentors, partners, investors, and entrepreneurs—have once again demonstrated the power of working together towards a common goal.

As we look ahead, we remain committed to fostering these vital connections and supporting the next wave of groundbreaking startups.

Thank you for being an integral part of our journey.

Leslie McNabb-Kryritsis, Director

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61 51

71

91 81

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2023-24 SITE LOCATIONS

Here is where you can find us

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101

CDL-Atlantic

131

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1. Vancouver 2. Seattle 3. Rockies 4. Wisconsin 5. Atlanta 6. Toronto 7. Montréal

8. Atlantic 9. Oxford 10. Paris 11. Berlin 12. Estonia 13. Melbourne

GLOBAL EQUITY VALUE CREATION (EVC) HAS REACHED

$38B

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100 2023-24 AT-A-GLANCE

Admitted Ventures

18 20 Prime

Admitted Atlantic Canadian Ventures

CDL-ATLANTIC IMPACT

Since its inception in 2017, 236 ventures have participated in CDL-Atlantic with 113 of these ventures successfully completing the program. CDL-Atlantic alumni companies have raised over $408M in capital, and generated $1.6B in cumulative equity value.

Total Active Mentors

48 38 14 Prime

Oceans

Both

8 Nove Scotia

Oceans

Graduating Ventures 2 Newfoundland and Labrador

8 9

Oceans

$1.6 BILLION

Prime

2 Prince Edward Island

EVC to date

Countries Represented by Ventures

Canada

Dominican Republic

France

Germany

India

Norway

Panama

Scotland

Singapore

USA

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CDL-ATLANTIC 2023–24

Oceans

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

2023-24 Graduates

Adhere Gear Technology Corp.

Beaverton, Oregan, USA → adheregearpodpaq.com atdepth MRV Cambridge, Massachusetts, USA → atdepthmrv.com Care Weather Technologies Inc. Provo, Utah, USA → careweather.com Katchi Yarmouth, Nova Scotia, Canada → katchi.tech NONA Technologies Cambridge, Massachusetts, USA → nona-technologies.com Seasats San Diego, California, USA → seasats.com SOS Carbon Santo Domingo, Dominican Republic → soscarbon.com

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VoltSafe Inc. Vancouver, British Columbia, Canada → voltsafe.com

VENTURES

Prime

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

2023-24 Graduates

Aruna Revolution Health Inc. Dartmouth, Nova Scotia, Canada → arunarevolution.com

Infusd Nutrition Halifax, Nova Scotia, Canada → infusd.ca

OPAS Mobile St. John’s, Newfoundland, Canada → opasmobile.com

Quantum Devices Corp.

Halifax, Nova Scotia, Canada → quantumdevicescorp.com

Unified.to Toronto, Ontario, Canada → unified.to

Elle, MD Biotechnologies New Minas, Nova Scotia, Canada → ellemd.ca

Locarius Charlottetown, Prince Edward Island, Canada → locarius.io

Phoenix Waste Solutions Chauvin, Louisiana, USA → phoenix-waste-solutions.com

RFINE Biomass Solutions Inc. Halifax, Nova Scotia, Canada → rfinebiomass.com

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CDL-ATLANTIC 2023–24

The CDL Effect A big aspect of the CDL effect is the magic created in the room when the program brings together venture founders, mentors, partners and students.

Below are just a few examples of the impact on some of our graduating companies.

Following their graduation from the 2023-24 CDL Oceans cohort, atdepth MRV co-founder Raphael Ouillon was nominated to present on the CDL Super Session Main Stage in Toronto.

OCEANS

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Ocean Simulations in Real-Time atdepth MRV is building a real-time ocean modelling and monitoring platform for carbon dioxide removal measurement, reporting, and verification. Through CDL, the mentors guided atdepth MRV towards a slow-burn strategy and helped them map out alternative markets for their platform.

Being in a highly uncertain and nascent industry, this set them up to withstand inevitable changes to the market. Over the course of the program, atdepth MRV secured a $3M USD grant from the U.S. Department of Energy, generated their first pilot project revenues, and tripled their fulltime team.

THE CDL EFFECT PRIME

PRIME

Quinn Cavanagh Founder & President, RFINE Biomass Solutions Inc.

Rashmi Prakash CEO, Aruna Revolution Health Inc.

“The single element of CDL that was most valuable was the time spent with mentors. Not only were the strategy discussions and recommendations very helpful, but the introductions that they made to other “experts” were most helpful. Our lead mentor also made key introductions to coffee operators who may participate as prototype early-adopter partners.”

“One of our CDL-Atlantic mentors introduced us to a FANTASTIC advisor. I cannot tell you how long we have been looking for someone to help us with sales and marketing! What took us over 6 months of trial and error to learn, they told us in an hour-long meeting! That is going to be the key to speeding up our sales, and attacking that front with much more efficiency and effectiveness.”

RFINE Biomass Solutions Inc. (RFINE) is an upcycling technology company focused on converting spent coffee grounds (SCG) into value-added food ingredients to help quick-service coffee vendors reduce waste disposal costs and benefit from new revenue opportunities.

Aruna Revolution Health Inc. offers 100% compostable menstrual pads made from local food and crop waste fibers, addressing the environmental impact of non-compostable products while providing chemical-free and affordable alternatives.

During the CDL program, RFINE secured a non-compete agreement with SureShot Solutions, connected with the head of Impact and Sustainability at McDonald’s Canada, and submitted a proposal for Stage 2 of their Tim Hortons’ pilot.

In 2022, Aruna’s first handmade pad cost approximately $8000 to make. Now, with optimized processes, they can manufacture pads at $0.18 each and can produce up to 2 million pads monthly.

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CDL-ATLANTIC 2023–24

In the News Over the past year, mentors, partners and alumni ventures have been making an impact and have been recognized for their accomplishments.

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ALUMNI SPOTLIGHT

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NovaResp receives $3M to support clinical trials Alumni companies like NovaResp—Respiratory AI (Prime 2021-22) embody CDL’s mission

by working towards a better future for all.

They recently secured $3 million to advance the clinical testing of their innovative cMAP CPAP therapy software

which aims to improve adhesion and comfort for patients.

“In our small group meetings with CDL mentors, we discussed NovaResp being a

IN THE NEWS

hardware vs. software company. Those initial comments, along with conversations with our board of directors, triggered our decision to focus on our core capability which is software and artificial intelligence.

After that, we started developing the algorithm that would address the main market problem, which is patient comfort and adherence to CPAP therapy. We then used artificial intelligence to drop the pressure of therapy compared to the conventional Positive Airway Pressure (PAP) algorithm, called, APAP. After experiments, we turned the software into standalone software, cMAP, which can be used on any CPAP machine on the market. Ultimately, this will improve patients’ adherence to therapy by improving comfort through low-pressure therapy while not compromising therapy efficacy.

There is feedback from patients in this trial about how comfortable our therapy is, making it a better experience for not only the patient but their partners as well.

That’s the impact we hope to have on

CDL-Atlantic alumni James Rockwood, Founder & CEO of Capintel (left), is pictured with Mo AlGermozi, CEO of GIT Coatings (right), attending Prime Session 4 at Dalhousie University as Alumni Associate Mentors.

This new initiative was introduced to allow alumni to give back to the program that helped them scale, by connecting them with current cohort ventures.

already adherent patients—to have a better therapy experience for them and their partner, for brand new patients to acclimate faster and to help all patients avoid any comorbidities associated.

Some mentor connections made at CDL resulted in investment and having CDL mentors back up the company helped in raising future rounds.

It’s an effect that keeps giving.” —Dr. Hamed Hanafi, Founder & CEO of NovaResp

GIT Coatings makes strides in durable marine coating GIT Coatings (Prime 2017-18), founded by Dalhousie graduates Mo AlGermozi and Marciel Gaier, is revolutionizing the marine coatings industry with a graphene-based solution.

Supported by investments from key players like StoltNielsen and John Risley, GIT has grown rapidly.

Their coating has been applied to over 150 vessels globally, with

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CDL-ATLANTIC 2023–24

supply agreements in place with major shipowners. To scale up production, GIT is constructing a new facility in Dartmouth, funded in part by a loan from the Atlantic Canada Opportunities Agency (ACOA).

Additionally, they’ve partnered with Halifax Transit to apply their coating to the Rita Joe ferry, contributing to Halifax’s goal of becoming carbon neutral by 2050.

Chinova Bioworks —Chiber ™ in Whole Foods Since their participation in Prime 2017-18, Chinova Bioworks has celebrated the approval of Chiber™,

the first mushroom fiber accepted by Whole Foods Market.

Chiber™ is a natural, clean-label, shelf-life extender derived from upcycled white button mushrooms. This innovative product offers broad spectrum protection against spoilage-causing microorganisms, while preserving the taste, texture, and appearance of food and beverages.

Whole Foods Market, as America’s largest natural food retailer, operates a rigorous “Quality Standards” program. Chiber™’s approval by Whole Foods Market signifies a major milestone for Chinova Bioworks, showcasing their dedication to

Chinova Bioworks’ Natasha Dhayagude, Co-Founder & CEO and David Brown, Co-Founder & COO

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developing products that support both health and environmental sustainability.

CDL-Atlantic mentor Kathryn Lockhart named Top 25 Most Powerful Women in Business in Atlantic Canada Kathryn Lockhart’s dedication and vision have earned her recognition as one of 2024’s “25 Most Powerful Women in Business” award winners.

Kathryn is a powerhouse in the business world and a driving force behind women’s empowerment in entrepreneurship. As the CEO of Propel and Managing Director of the Atlantic chapter of Women’s Equity Lab, Lockhart is making waves in the investment landscape.

As a mentor with CDL-Atlantic, participating ventures have the opportunity to gain invaluable insight from Kathryn.

IN THE NEWS Myomar Molecular Inc. recently received Health Canada’s approval in the form of a Medical Devices Establishment License.

XPRIZE finalist— Planetary Technologies Planetary Technologies (CDL-Atlantic Oceans 2021-22) was named one of the top 20 finalists for the prestigious XPRIZE carbon removal competition. The four-year global competition is designed to combat climate change by rebalancing Earth’s carbon cycle.

It offers $100 million USD to innovators who can create and demonstrate solutions that remove carbon dioxide (CO2) directly from the atmosphere

or the oceans, and sequester it durably and sustainably.

Myomar Molecular CEO Rafaela Andrade recognized as Inspiring Immigrant while company secures $1.1M in funding It has been an exciting year for Rafaela Andrade, CEO of Myomar Molecular Inc. (Prime 2021-22). Voted amongst the Most Inspiring Immigrants in Atlantic Canada, the award aims to recognize and celebrate immigrants

who have made significant positive contributions to their communities in the East Coast region.

Honorees are chosen based on criteria such as leadership, vision, social responsibility, and impact in their communities.

Adding another win to the year, they also closed $1.1 million in pre-seed funding to commercialize its muscle health monitoring device.

Myomar also added $50,000 in prize money from The Firehood Angel Camp.

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CDL-ATLANTIC 2023–24

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CoLab Software raises $28.6M in Series B funding as it looks to expand its team and incorporate AI into its platform Newfoundland’s CoLab Software Inc. (Prime 2018-19) is a powerful cloud-based software platform that lets large engineering teams collaborate effectively on design files. The company plans to add 30-40 jobs, bringing its headcount to 125.

CoLab’s tool allows cloud-based editing of 2D and 3D design files, and the Series B funding will enhance platform development, including ReviewAI, aimed at assisting engineers with routine tasks. CoLab has previously raised pre-seed, seed, and Series A rounds, totalling $21 million in 2021.

CDL-Atlantic Founding Member awarded Order of Canada Jim Spatz has added another remarkable

CoLab Software Inc.’s Adam Keating, Co-Founder & CEO and Jeremy Andrews, Co-Founder & CTO

accolade to his distinguished career.

Recently appointed to the Order of Canada, this prestigious honour recognizes Jim not only for his business acumen but also for his unwavering community leadership and philanthropic support for diverse causes and initiatives.

Jim is a Founding Partner of the Creative Destruction Lab and, through mentorship, has helped shape the startup landscape in Atlantic Canada.

This recent appointment to the Order of Canada further solidifies Jim Spatz’s legacy as a leader, philanthropist, and a driving force

behind positive change in both the business and academic realms.

Canada’s Ocean Supercluster and CORSphere: Advancing Marine Operations with AI Canada’s Ocean Supercluster (OSC) has teamed up with CORSphere Software Inc. (Oceans 2022-23) to introduce the OceanAI Navigator Project, aiming to transform marine fleet operations through AI. With OSC investing $950K out of the $2.4 million total project value, the initiative signals a significant push towards

Province announces renewed funding for CDL-Atlantic Nova Scotia’s Economic Development Minister Susan Corkum-Greek

announced the Province’s renewed support for the Creative Destruction Lab Atlantic program with an annual investment of $250,000 over five years.

Additionally, Invest Nova Scotia will launch a pilot program to match venture capital invested by CDLAtlantic mentors. For startups addressing healthcare or housing challenges, investments will be matched 100% up to $500,000.

Companies in other sectors will have investments matched 50% up to $250,000.

“Every day, I am more and more inspired by the innovative startups that are taking shape in Nova Scotia with the help of the Creative Destruction Lab,” said the Honourable Susan Corkum-Greek.

“The magic of this program is the way it connects experienced entrepreneurs as mentors and investors in these developing companies. As government, we want to ensure these startups have the support they need to successfully scale and grow right here in Nova Scotia.”

IN THE NEWS

sustainable growth in the maritime sector.

The pivotal project addresses key challenges in marine shipping, such as fuel emissions and operational efficiency.

This partnership between OSC and CORSphere signifies a collaborative effort towards a cleaner and more sustainable global ocean economy.

Hon. Susan Corkum-Greek announces funding for CDL-Atlantic on May 14, 2024.

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CDL-ATLANTIC 2023–24

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CDL-Atlantic partners with MIT

The launch of our 2023-24 Oceans stream in partnership with the Martin Trust Center for MIT Entrepreneurship, SeaAhead, the New England Aquarium, and the Ocean Frontier Institute (OFI) marked a milestone in our mission to foster innovation and collaboration in ocean-based climate solutions. This initiative was not just a series of events, but a convergence of visionary minds, with a shared commitment to the health of our oceans and the planet.

The journey began with OFI hosting the Ocean-Climate Solutions Summit, a gathering that brought together leaders from diverse fields including science, technology, finance, and policy. The discussions centred on ocean-based climate mitigation solutions, identifying strengths, gaps, and opportunities to create an aligned value chain.

The collaborative spirit of the summit set the tone for the CDL Oceans stream session, fostering a sense of urgency and possibility.

Several participants attended CDL Oceans the next day to meet early-stage tech founders working on ocean and climate solutions. This not only created greater awareness for our Oceans stream, but also attracted new mentors who have become invaluable supporters of the program by providing expertise, guidance, and new perspectives.

One of the highlights was the Mentor and Partner Dinner held at the New England Aquarium. Surrounded by marine life, guests were treated to a keynote address by Johan Odjfell. As the head of his 4th generation family business in the shipping industry and the driving force behind Farvatn Ventures, Odjfell shared his deep commitment to supporting ocean technology companies.

Hosting the event at MIT was made possible through Site Lead Jeff Larsen’s work with Bill Aulet, Managing Director of the Martin Trust Center for MIT Entrepreneurship.

The shift from Dalhousie to the prestigious MIT campus was a strategic move that enticed new international mentors to participate, broadening the reach of the program.

New mentors from Ireland and Norway, have continued to work with CDL-Atlantic, bringing valuable international perspectives and expertise.

The 2023-24 cohort launch showcased the strength of our partnerships and highlighted future opportunities for collaboration in other ocean ecosystems, such as Norway and California. The event underscored cross-border collaborations in driving innovation and scaling solutions that can make a significant impact on ocean health and climate change.

SLUG TK Johan Odjfell, guest speaker and CDL Oceans mentor

CDL-ATLANTIC 2023–24

Student Engagement MBA students from Dalhousie, University of New Brunswick and Memorial University of Newfoundland participate in a unique work integrated learning experience through the CDL Course offering oneof-a-kind opportunities including: → Working directly with venture founders to deliver consulting projects for their early-stage science and technology start-ups →G aining exposure to our Mentors and Corporate Partners by attending our CDL Sessions

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→ Learning how to work lean and grow a business on scarce resources → Understanding the economic impact of innovative entrepreneurial pursuits

MUN MBA students and Dr. Carlos Bazan, Assistant Professor, pictured with Newfoundlandbased CDL Venture Manager Bronwyn Woolfrey.

MBA STUDENTS DALHOUSIE

MEMORIAL

UNIVERSITY

UNIVERSITY OF NEWFOUNDLAND

Michael Allain MBA 2024

“CDL was a driving force in my decision to pursue my MBA at Dalhousie University, which presented a unique pairing of formal education and exposure to startups through the CDL course. I ended up joining the CDL-Atlantic team as a Venture Analyst for my 8-month corporate residency, participated in the course and worked hands-on with a biotechnology startup, and am now working with CDL full-time post-grad as a Venture Manager.”

Precious Dela Cruz MBA Candidate

“The Creative Destruction Lab program was an enriching experience that inspired me to consider launching my own venture in the future.

Observing the mentoring process between the ventures and seasoned industry experts provided me with valuable insights on entrepreneurship, while the support I provided to the venture enhanced my skills in research, marketing, and business development.”

UNIVERSITY OF NEW BRUNSWICK

Ray Fitzpatrick UNB Instructor

“The partnership that UNB has with Creative Destruction labs enables the MBA students unprecedented access to real world start-ups and the challenges they’re faced with. The students apply the academic lessons learned in an applied way that just can’t be replicated in business cases.

Every year we receive tremendous feedback from the students pointing to this class as the highlight of their MBA program!”

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CDL-ATLANTIC 2023–24

CDL Apprentice Program

The Apprentice Program is a CDL initiative that aims to support young women-identified individuals, including two-spirit, transgender and non-binary individuals interested in STEM and entrepreneurship.

The vision of the CDL Apprentice Program is to create an immersive, technology-focused learning experience for young students that expands their awareness of possible career paths and increases the probability that young women+ individuals pursue opportunities in STEM, business and entrepreneurship.

The apprentices are invited to our in-person sessions and shadow one of our mentors, meet founders and

learn how science and technology startups are built.

After spending the day at an in-person CDL-Atlantic session, one high school apprentice reflected on their time spent with us: “As someone who has long aspired to become a medical doctor, my participation in the CDL sessions has instilled in me the confidence to explore alternative fields, particularly biomedical engineering.

Inspired by entrepreneurs like Dr. Jennifer Johnston, who transitioned from medical practice to founding a successful company like Elle, MD, I envision myself developing a product in the future.”

At Prime Session 4 in May, our apprentices were invited to meet Dr. Jennifer Johnston, founder of Elle, MD Biotechnologies, for a Q&A about founding a medical device startup!

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CDL-ATLANTIC GIVES BACK

Shimrit Perkol-Finkel Memorial Scholarship

2023-24 Shimrit Perkol-Finkel Scholarship Recipient

On March 7, 2021, the CDL family lost one of our 2020-21 Oceans Stream founders, Dr. Shimrit Perkol Finkel, Co-Founder & CEO of ECOncrete. Shimrit was a passionate innovator in the ocean tech space and a pioneer specializing in sustainable management of urban marine habitats. ECOncrete’s innovative and high-performing environmentally sensitive solutions enhance the biological and ecological environment of coastal infrastructure.

To honour and remember Shimrit, CDL-Atlantic established a memorial scholarship in her name to support female undergraduate students pursuing STEM-related studies.

We are grateful to all who donated, especially the CDL community members who contributed to this scholarship.

Anneka, a first year, Bachelor of Science, student at Dalhousie University participated as a CDL-Atlantic apprentice in 2021-22.

“I have been surrounded by the ocean my entire life, and I grew up sailing. I am very lucky to have parents who educated me on the ocean, and how important it was to the environment. This unique experience grew my love for the ocean, and the science/technology associated with it.

My favourite part of the CDL Apprentice Program was being surrounded by such a supportive and empowering community. The whole experience opened my eyes to the endless possibilities there are for innovation and entrepreneurship in the Ocean. Dr. Perkol-Finkel’s legacy inspires me to strive for greatness in my academic pursuits, and this scholarship serves as a reminder of the impact of her life, creativity, and entrepreneurship.”

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CDL-ATLANTIC 2023–24

Mentor of the Year CDL-Atlantic’s “Mentor of the Year” award is given annually to celebrate the impactful work that our fellows, associates, investigators, and scientists have made in our CDL Community.

Mentors are the heart of our program, and their support for our ventures help these startups build something massive! These awards were announced at the beginning of the program year for each stream.

OCEANS

PRIME

Justin Manley Founder, Just Innovation

Savior Joseph President, Breathing Green Solutions

“CDL provides entrepreneurs and mentors the opportunity to evolve and learn together, growing businesses and personal relationships. I enjoy every conversation I have at CDL and look forward to each session.”

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“I was honoured and humbled to receive mentor of the year, particularly because there are such passionate, dedicated and experienced mentors in the program. CDL is an amazing place to be. The learnings and knowledge I have gained, even as a mentor, have been significant.

The impact of this type of mentorship and coaching is immeasurable. I’m excited to continue to support great companies that are building something massive.”

Dr. Jennifer Johnston Elle, MD Biotechnologies

SLUG TK

“CDL provided an amazing opportunity to rethink and expand my business strategy. The CDL network of mentors and founders has been invaluable for helping us become investment-ready.”

CDL-ATLANTIC 2023–24

Thank You to our Mentors We are grateful for the support and engagement of the business leaders who were active mentors in 2023-24.

Bill Adams President, JCove Holdings Limited ASSOCIATE

Mo AlGermozi CEO, GIT Coatings GUEST MENTOR

Rob Barbara Partner, Build Ventures ASSOCIATE

Bill Barrett Co-CEO, Barrett Corporation FELLOW, FOUNDING PARTNER

Cathy Bennett Partner, Sandpiper Ventures ASSOCIATE

Rakim Brooks President, Alliance for Justice/AFJ Action GUEST MENTOR

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Michael Brown Founder & Managing Partner, TLT IMPACT VENTURES GUEST MENTOR

Tim Burke Serial Founder & Advisor, Self Employed GUEST MENTOR

Colin Calvert CFO, Nicoya Lifesciences Inc. ASSOCIATE

Kent Carson Principal, DTP Developments ASSOCIATE

Matt Cooper CEO, VOLTA ASSOCIATE

Rhiannon Davies Founding & Managing Partner, Sandpiper Ventures ASSOCIATE

Wade Dawe Chairman & CEO, Numus Financial FELLOW

Adam de Sola Pool Partner, Blue Angels Investment Group ASSOCIATE

Gus Domel Senior Investment Associate, Boost VC ASSOCIATE

Samuel Edandison Director of Global Customer Support, Danaher GUEST MENTOR

Malcolm Fraser Managing Partner, Nàdarra Ventures ASSOCIATE

Spencer Fraser Founder & CEO, Landing Zones Canada Inc. ASSOCIATE

Oyvind Fylling-Jensen Board Member & Advisor, PaaFyll Holding AS ASSOCIATE

Ted Graham Principal, GM Ventures ASSOCIATE

Jim Hanlon Owner, Convergent Consulting ASSOCIATE

Andy Harris VP Strategic Engagement (Former), BMO Radicle ASSOCIATE

Kory Henn Associate, Concrete Ventures GUEST MENTOR

Bobby Hennessey Senior Industry Manager, Retail & eCommerce, Pinterest GUEST MENTOR

Peter Hickey Founder, SUMS Captial GUEST MENTOR

Paul Hill Founder & Managing Director, Sparkasa Capital ASSOCIATE

Monica Jain Partner, Fish 2.0 Ventures INVESTIGATOR

Richard Janega COO, Emera Inc. (Retired) ASSOCIATE

Faizal Javer Managing Partner, Greyhill ASSOCIATE

Yohann John Director, Venture Scouting, Antler GUEST MENTOR

Mark Jollymore President, InnovaSea Systems Inc. ASSOCIATE

Savior Joseph President, Breathing Green Solutions ASSOCIATE

Rangesh Kasturi Semi-Retired President, Chairman, and Director, Ex-L3Harris Maritime International ASSOCIATE

Patrick Keefe Partner, Build Ventures ASSOCIATE

Chris Keevill CEO, VERSOS AI ASSOCIATE

Caitriona Kelleher Managing Director, Early Stage Investments, Hatch Blue INVESTIGATOR

David Kelly CEO & CTO, InnovaSea Systems Inc. ASSOCIATE

Andrea King Director, Media & Government Relations, Nasdaq INVESTIGATOR

Shelley King CEO, Natural Products Canada

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

John Lindsay Chairman, East Port Properties

ASSOCIATE

ASSOCIATE

Jennifer LaPlante Chief Growth & Investment Officer, Canada’s Ocean Supercluster

Kathryn Lockhart CEO, Propel

GUEST MENTOR

Allen Lau Co-founder & Operating Partner, Two Small Fish Ventures ASSOCIATE

Michael J. Lavigne Senior Advisor, MC Advisory GUEST MENTOR

Lauren Ledwell CEO, Discovery Garden Inc. ASSOCIATE

THANK YOU

CDL Affiliation -Prime, -Oceans

INVESTIGATOR

Atle Lohrmann President, General Oceans ASSOCIATE

Scott Loong Partner, Panache Ventures ASSOCIATE

Michael Lyon CEO, Lyon Capital Services ASSOCIATE

Jevon MacDonald Co-Founder, Tier FELLOW

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CDL-ATLANTIC 2023–24

Thank You to our Mentors Laurie MacKeigan President, Backman Vidcom ASSOCIATE

Marion MacKenzie Executive Coaching Practice Lead, Royer Thompson GUEST MENTOR

Bob MacKinnon Former President & CEO, Nova Scotia Gaming Corporation

ASSOCIATE

FELLOW

Chris Moyer President, Pelorus VC

Reece Pacheco Partner, Propeller Ventures

SCIENTIST

ASSOCIATE

GUEST MENTOR

Ken Marshall Director, KTM Ventures Inc.

Sarah Murphy Partner, Pelorus VC

Thomas Park Partner, BDC Deep Tech Fund

ASSOCIATE

ASSOCIATE

ASSOCIATE

Larsen Mettler Managing Director, S2G Ventures

Melanie Nadeau CEO, COVE

Scott Pelton Co-founder, RiSC Capital

Matt MacLellan President, Soley Cove Holdings

Lian Michelson Investment Director, Vala Capital

GUEST MENTOR

Leslie Magee Principal, Maytree Developments ASSOCIATE

Robert Orr Managing Director, Cuna del Mar LP

GUEST MENTOR

ASSOCIATE

Kevin Madill Partner, Graphite Ventures

Mike Morris Former CEO, Resson Aerospace

Paola Marignani Professor, Dalhousie University

GUEST MENTOR

ASSOCIATE

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Justin Manley Founder, Just Innovation

GUEST MENTOR

Erika Montague Chief Technologist, Schmidt Marine Technology Partners INVESTIGATOR

ASSOCIATE

Chris Neumann Partner, Panache Ventures ASSOCIATE

Carolyn O’Keefe Owner, Thinkwell Research + Strategy ASSOCIATE

Johan Odfjell Director, Farvatn Venture ASSOCIATE

ASSOCIATE

Millicent Pitts Executive Director, Ocean Exchange, Inc. ASSOCIATE

Emmanuel Priniotakis Principal, Sustainability Venture Fund, BDC Capital Inc. GUEST MENTOR

Julie Pullen Partner & Chief Scientist, Propeller Ventures GUEST MENTOR

Ram Raju President & CEO, Kunkum Film Company GUEST MENTOR

Akash Rastogi Lead Strategist, Ocean Frontier Institute GUEST MENTOR

Olivier Raybaud Managing Director, SWEN Capital Partners ASSOCIATE

John Risley Chairman & CEO, CFFI Ventures Inc.

Frank Rudzicz Associate Professor of Computer Science, Dalhousie University GUEST MENTOR

David Savoie CEO, Acadian Construction GUEST MENTOR

Marc Savoie Executive In Residence, East Valley Ventures ASSOCIATE

FELLOW, FOUNDING

Ian Smith CEO, Clearwater Seafoods

PARTNER

ASSOCIATE

Susan Robinson Partner, Advisory, EY

Ben Soltoff Entrepreneur in Residence, Martin Trust Center for MIT Entrepreneurship

GUEST MENTOR

James Rockwood Founder & CEO, Capintel GUEST MENTOR

GUEST MENTOR

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

Kevin Stover Venture Partner, Sterling Capital Brokers GUEST MENTOR

Duncan Turner General Partner, SOSV

THANK YOU

CDL Affiliation -Prime, -Oceans

Anya Waite CEO & Scientific Director, Ocean Frontier Institute SCIENTIST

Jeff White CEO, New Brunswick Innovation Foundation ASSOCIATE

Sean Williams Co-founder & Brand Strategist, Dashboard Marketing Inc. GUEST MENTOR

GUEST MENTOR

Ron van der Giesen Chief Supply Chain Officer, Plastic2green GUEST MENTOR

Gerry Verner Founder & CEO, FocusLine Strategies GUEST MENTOR

Neil Wainwright CEO, UpHabit ASSOCIATE

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PARTNERS

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

Government and Corporate Partners ACOA BDC BMO Canada’s Ocean Supercluster ExxonMobil Invest Nova Scotia KPMG Osler Walton Family Foundation’s Builder’s Initiative

Ecosystem and Individual Supporters Genesis John Lindsay Ocean Frontier Institute Volta

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CDL-ATLANTIC 2023–24

2024-25 Session Dates

OCEANS

In conjunction with OCEANS 2024 HALIFAX Conference

September 27, 2024

HALIFAX, NS

Session #1

November 21, 2024

VIRTUAL

Session #2

February 5, 2025

VIRTUAL

Session #3

April 6, 2025

BERGEN, NORWAY

Session #4

In conjunction with ONE OCEAN WEEK

PRIME

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November 13, 2024

HALIFAX, NS

Session #1

February 6, 2025

VIRTUAL

Session #2

March 26, 2025

VIRTUAL

Session #3

May 14, 2025

HALIFAX, NS

Session #4

SLUG TK

Creative Destruction Lab Atlantic (CDL-Atlantic) is housed within the Faculty of Management at Dalhousie University. The CDL program is a ninemonth objectives-based mentorship program for science and technology-based ventures looking to accelerate their path to commercialization. With guidance from experienced entrepreneurs, industry leaders, and accomplished scientists, founders learn to sharpen their focus on the priorities that will help them gain traction and positively impact their company’s trajectory. creativedestructionlab.com