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Innovate BC, VC Fund

Innovate BC

VC Fund

Vancouver, Canada

Innovate BC is a Crown Agency of the Province , which funds entrepreneurial support programs in the province. Innovate BC focuses on the support of technology startups and entrepreneurs through programs, sponsorship and competitions that facilitate technology commercialization

Total investments:
74
Last investment:
Lead investor:
68%

Last updated:

Industries Innovate BC invests in

ManufacturingBiotechnologySoftwareInformation TechnologyElectronics

Stages Innovate BC invests in

GrantPre-SeedSeedSeries BNon-equity Assistance

Countries Innovate BC invests in

CanadaUnited States

Contacts

NameEmailPhoneSocials
Peter Cowan Peter Cowan
Carl Anderson Carl Anderson
Elicia Maine Elicia Maine
Raghwa Gopal Raghwa Gopal

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Investment Focus

Industry

  • Manufacturing 11 (15%)
  • Biotechnology 9 (12%)
  • Software 7 (9%)
  • Information Technology 7 (9%)
  • Electronics 6 (8%)
See all 101 industries →

Stage

  • Grant 64 (86%)
  • Pre-Seed 2 (3%)
  • Seed 1 (1%)
  • Series B 1 (1%)
  • Non-equity Assistance 1 (1%)

Country

  • Canada 66 (89%)
  • United States 1 (1%)

Team

NameTitleInvestmentsLinksEmail
Peter Cowan
Peter Cowan President and CEO
President and CEO Total investments: 1
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Carl Anderson
Carl Anderson Interim Entrepreneur-In-Residence
Interim Entrepreneur-In-Residence Total investments: 0
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Elicia Maine
Elicia Maine Director, Board Of Directors
Director, Board Of Directors Total investments: 0
Find email
Raghwa Gopal
Raghwa Gopal President & CEO
President & CEO Total investments: 10
Find email

Investments

CompanyDescriptionRoundLinks
Jointly Jointly
Jointly is an online platform that provides family law education and digital tools to draft legally compliant and personalized prenuptial, postnuptial, and cohabitation agreements. $7.3K / Grant / May 14, 2026
NAQI Logix NAQI Logix
Naqi Logix is a technology company specializing in neural interface platforms that allow hands-free and voice-free control of various devices. Its proprietary technology, integrated into wearables like earbuds, detects brain waves and muscle impulses, converting them into digital signals for device interaction. The company aims to enhanceaccessibility and productivity by providing intuitive control solutions across multiple applications.​ $36.5K / Grant / May 13, 2026
Voltai Voltai
Voltai harvests energy from motion to help marine industries reduce reliance on fossil fuels and stored energy. $72.6K / Grant / Apr 15, 2026
Cleohydron Innovation Cleohydron Innovation
CleoHydron creates and implements modular hydrogen energy systems that make decarbonization feasible, scalable, and accessible – for industries, communities, and governments striving for net-zero. $72.6K / Grant / Apr 15, 2026
Mostar Labs Mostar Labs
Mostar Labs develops the Lilypad mobile maritime charging platform solutions to support businesses in the blue economy. $72.6K / Grant / Apr 15, 2026
Ascent Systems Technologies Ascent Systems Technologies
Ascent Systems Technologies (Ascent) is a Canadian technology company specializing in advanced autonomous systems for defence, security, and disaster response operations. Drawing on deep expertise in aerospace engineering and complex systems architecture, Ascent develops integrated hardware-software platforms that enhance situational awareness,operational resilience, and domain monitoring in high-risk and inaccessible environments. Ascent’s flagship innovation, the Autonomous Environment Monitoring and Surveillance (AEMS) platform, is a modular robotic system designed for rapid deployment in Arctic and remote locations. Combining autonomous operation, multi-sensor data fusion, edge-AI analytics, and resilient communications, with drone hosting capabilities, AEMS operates as a bona fide terrestrial “planetary explorer”. Ascent is now expanding into next-generation autonomous, hybrid space-terrestrial systems and other emerging platforms focused on uninterrupted critical services in remote and extreme environments for both military and civilian applications. Ascent delivers true autonomy and intelligence where humans and conventional technologies fail. $72.6K / Grant / Apr 15, 2026
Reach Technologies Reach Technologies
Incorporated in 1993, Reach Technologies' first product was a telemetry recorder used for PCM data acquisition in satellite ground stations and flight test. Over the first few years of existence, Reach cemented its position as a leader in aerospace telemetry acquisition and expanded its product line with the addition of test equipmenttargeted towards telemetry applications. $82.6K / Grant / Apr 07, 2026
MarineLabs Data Systems Inc. MarineLabs Data Systems Inc.
Real-time Coastal Intelligence $222.7K / Grant / Apr 07, 2026
DROP Marine DROP Marine
DROP Marine is a designer and manufacturer of hammerhead drive systems, vessels, and ferry components for the marine industry. $280K / Grant / Apr 07, 2026
EMP Metals EMP Metals
With a professional team in place, EMP Metals is an early-entry lithium exploration and development company with a focus on resource development and low-cost land acquisition in business- and mining-friendly jurisdictions in North America. $732.5K / Grant / Mar 02, 2026
See all 74 investments →

Co-Investors

New Ventures BC New Ventures BC 5 deals together
National Research Council of Canada Industrial Research Assistance Program National Research Council of Canada Industrial Research Assistance Program 3 deals together entrepreneurship@UBC entrepreneurship@UBC 2 deals together
Centre for Drug Research and Development Centre for Drug Research and Development 1 deal together
Dimension Capital Dimension Capital 1 deal together
Government of British Columbia Government of British Columbia 1 deal together

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FAQ

What does Innovate BC invest in?

Innovate BC invests primarily in Manufacturing, Biotechnology and Software startups, most often at Grant and Pre-Seed stage. Most of the 74 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

How do I contact Innovate BC?

Public channels for Innovate BC include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

Who are the partners at Innovate BC?

The team at Innovate BC includes Peter Cowan (President and CEO), Carl Anderson (Interim Entrepreneur-In-Residence) and Elicia Maine (Director, Board Of Directors). The Team section lists each member with their title, investment count and links.

Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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