Organization · Government VC
Innovacorp
Innovacorp, now part of Invest Nova Scotia, was a government-backed organization in Nova Scotia, Canada, focused on supporting early-stage technology companies through venture capital investment, incubation, and acceleration programs.
Overview
What Innovacorp does
What Innovacorp is
Innovacorp, now part of Invest Nova Scotia, was a government-backed organization in Nova Scotia, Canada, focused on supporting early-stage technology companies through venture capital investment, incubation, and acceleration programs.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Government VC
- Founded
- Founded in 1995
- Approximate age
- About 31 years
- Structured capabilities
- Funder
- Last reviewed
- May 5, 2026
Official channels
Find Innovacorp elsewhere
Open the official website or a supported primary organization account.
Capability profile
Innovacorp as a funder
Investment thesis
Innovacorp aims to find, fund, and foster innovative Nova Scotia startups that can change the world and commercialize technologies in global markets, particularly in deep technology and high-growth sectors.
Focus narrative
Innovacorp invests in a diverse range of sectors including advanced manufacturing, agri-food and beverage, clean technology, financial services, interactive media and animation, life sciences, aerospace and defense, ocean technology, seafood, and critical minerals and mining. The organization is committed to nurturing high-growth technology companies in Nova Scotia.
Value beyond capital
Innovacorp adds value to its portfolio companies by offering venture capital investment, access to incubation facilities, acceleration programs, and a network of mentors and advisors. The organization also facilitates connections with co-investors to enhance growth opportunities.
Terms and economics
- Typical check
- $100,000–$1,500,000
- Sweet spot
- $1,000,000
Focus and fit
- Stages
- Angel · Pre-seed · Seed · Series A
- Sectors
- Artificial IntelligenceHealthcareBiotech & Life SciencesConsumerAgTechFintechIndustrial & ManufacturingEnergy
- Regions
- North America
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded notable exits
- Meta Materials Inc.
Portfolio context
Notable portfolio companies include pHathom Technologies, which focuses on carbon dioxide removal technology; RFINE Biomass Solutions, which upcycles spent coffee grounds into food ingredients; Elle, MD Biotechnologies, developing a non-hormonal birth control product; and Sensor Globe, providing aquaculture monitoring solutions.
Common questions
What to know about Innovacorp
Upseed classifies Innovacorp under the Government VC organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
May 5, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.