Five Atlantic Canada-based tech startups have been selected to receive $25,000 each as part of the Volta Cohort pitch competition held on Wednesday night.
The five startups will also be joining Volta’s spring cohort. Fifteen startups took part in the pitch night, which was held virtually.
“As we move beyond the two-year pilot and work toward a new normal, we’re excited to see how this program will continue to grow.”
The $25,000 investment is done through a microfund co-founded by Volta, BDC Capital, Innovacorp, and the Atlantic Canada Opportunities Agency (ACOA). Along with the funding, the companies will also receive mentorship entrepreneurs, as well as various resources to grow their businesses as part of the Volta Cohort program.
“Companies selected to participate in the Volta Cohort program continue to outperform when it comes to job creation, rapid growth, and raising venture capital investments,” said Martha Casey, COO and interim CEO of Volta following the departure of former CEO Jesse Rodgers.
“Their impact and ambition – especially in uncertain times such as this – remind us of the importance of remaining agile in order to persevere,” added Casey. “As we move beyond the two-year pilot and work toward a new normal, we’re excited to see how this program will continue to grow, and to support these startups as they reach global markets and scale.”
The companies joining the next Volta Cohort include:
- KorrAI, (Halifax, NS) is an artificial intelligence platform with domain expertise-led learning to improve the operational efficiency of industrial systems.
- Kute Lab, (St. John’s, NFLD) is creating a platform to offer a mobile application that simplifies cosmetics ingredients, as well as provide market assessment to beauty manufactures.
- SmartMed, (Halifax, NS) has created SmartShift, a tool that helps auto-schedule 800 shift positions in one minute.
- Habit Forming Technologies, (Halifax, NS) is creating JackHabbit is a growth management system using persuasive technology, sentiment analysis, human interaction, and more, to provide an individualized solution that combines physical and mental health together under the umbrella of behavioural science. The company was formerly known as Vendura Wellness.
- VMOpro Inc., (River Ryan, NS) is a remote physiotherapy solution that enables patients to self-manage their injuries and conditions at home. The platform combines smart PhysioBalls that communicate with a mobile app and are monitored by physiotherapists through a clinical dashboard.