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National Research Council Canada, VC Fund

National Research Council Canada

VC Fund

Ottawa, Canada

National Research Council Canada is a VC fund in Ottawa focused on Software and Health Care. NRC is the Government of Canada's leading resource for research, development and technology-based innovation. NRC comprises some 20 institutes and national programs, spanning a wide variety of disciplines and offering a broad array of services.

Total investments:
63
Last investment:
Lead investor:
41%

Last updated:

Industries National Research Council Canada invests in

SoftwareHealth CareManufacturingArtificial IntelligenceMedical

Stages National Research Council Canada invests in

GrantPre-SeedNon-equity AssistanceSeedFunding Round

Countries National Research Council Canada invests in

CanadaUnited Kingdom

Round sizes

Grant $36k–$847kPre-Seed $47k–$828kNon-Equity Assistance $7.5k–$707k

Contacts

NameEmailPhoneSocials
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Round size

Grant
$36k–$847k
Pre-Seed
$47k–$828k
Non-Equity Assistance
$7.5k–$707k

Investment Focus

Industry

  • Software 11 (17%)
  • Health Care 9 (14%)
  • Manufacturing 7 (11%)
  • Artificial Intelligence 7 (11%)
  • Medical 6 (10%)
See all 101 industries →

Stage

  • Grant 36 (57%)
  • Pre-Seed 5 (8%)
  • Non-equity Assistance 4 (6%)
  • Seed 3 (5%)
  • Funding Round 2 (3%)
See all 6 stages →

Country

  • Canada 48 (76%)
  • United Kingdom 2 (3%)

Team

NameTitleInvestmentsLinksEmail
Benoit Julien
Benoit Julien Industrial Technology Advisor
Industrial Technology Advisor Total investments: 0
Find email
Carolyn Watters
Carolyn Watters Chief Digital Research Officer
Chief Digital Research Officer Total investments: 0
Find email
Duncan Stewart
Duncan Stewart Director General
Director General Total investments: 1
Find email
Jean-François Houle
Jean-François Houle Director General
Director General Total investments: 0
Find email
Kathleen Fraser
Kathleen Fraser Research Officer
Research Officer Total investments: 0
Find email
See all 13 team members →

Investments

CompanyDescriptionRoundLinks
D-Wave Quantum develops quantum computing systems, software, and cloud-based services for commercial, government, and research organizations. The company provides both annealing and gate-model quantum computing technologies, along with application development tools, hybrid solvers, and cloud access that support the development and deployment ofquantum applications. Its technologies are used to address computational challenges in areas such as optimization, materials science, artificial intelligence, logistics, manufacturing, financial services, and scientific research. The company also offers professional services and software development tools that help organizations integrate quantum computing into existing workflows. Through its combination of hardware, software, and cloud services, D-Wave Quantum supports the development and execution of quantum computing applications across a range of industries. $215.4K / Grant / Aug 12, 2026
Pioneering the Future of Computational ChemistryAt Compute Everything, we develop cutting-edge tools powered by the fastest classical and quantum algorithms, enabling breakthroughs in materials science, drug discovery, and beyond.By mastering classical, quantum, and hybrid algorithm development, we tackle problems once thoughtimpossible—accelerating innovation where it matters most. Our proprietary technology gives us a decisive advantage in solving the most complex quantum chemistry challenges.Our toolset is designed to unlock transformative discoveries, from next-generation battery materials and high-performance catalysts for green hydrogen production to protein folding solutions that revolutionize drug design. Adaptable and versatile, our platform can be tailored to solve virtually any problem at the frontier of science and technology. $89K / Grant / Jul 30, 2026
CarbiCrete is a Montreal-based carbon removal technology company that develops innovative, low-cost building solutions that reduce greenhouse gas emissions. $705.1K / Grant / Jun 23, 2026
PlasCred is accelerating the progress towards a climate-positive future for Earth with innovative and revolutionary technology transforming the way the world handles waste plastic and plastic recycling. $1.7M / Grant / Feb 09, 2026
Nfinite Nanotechnology is an advanced material company that enables breakthrough innovations to redefine how we live, use, and create using open-air atomic layer deposition (ALD) technology. Nfinite makes functional nanomaterials that accelerate the development and commercialization of transformative technologies for a sustainable future, such assustainable packaging, batteries, and photovoltaics. They have created a rapid open-air nanocoating system that produces large-area, high-quality, ultrathin films at up to 100x the speed of conventional ALD at a lower cost. $3.3M / Grant / Dec 09, 2025
CereCura Nanotherapeutics is developing novel RNA therapeutics for central nervous system disorders. $348.7K / Grant / Mar 05, 2025
Hydron Energy is a cleaner fuel company helping hard-to-decarbonize sectors of transportation and industry. Grant / Feb 18, 2025
Laserax manufactures industrial laser machines and systems for specific applications in the automotive, primary metals, as well as other manufacturing markets. Grant / Oct 23, 2024
Virica Biotech is a biotechnology company that addresses the unmet needs in production and development to positively change human health. Its Viral Sensitizer technology consists of a library of over one hundred small molecules that can safely overcome the natural immunological defenses in the human and animal body that suppress effective viralmedicines. Grant / Oct 17, 2024
Maia provides B2B production of CanPro, a mushroom-based protein to the food manufacturers seeking a high-quality ingredient. Grant / May 02, 2024
See all 63 investments →

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FAQ

What does National Research Council Canada invest in?

National Research Council Canada invests primarily in Software, Health Care and Manufacturing startups, most often at Grant and Pre-Seed stage. Most of the 63 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

What is National Research Council Canada's check size?

National Research Council Canada typically joins rounds of $36k–$847k at Grant, $47k–$828k at Pre-Seed and $7.5k–$707k at Non-Equity Assistance. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds National Research Council Canada participates in.

How do I contact National Research Council Canada?

Public channels for National Research Council Canada 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 National Research Council Canada?

The team at National Research Council Canada includes Benoit Julien (Industrial Technology Advisor), Carolyn Watters (Chief Digital Research Officer) and Duncan Stewart (Director General), among 13 team members tracked by Shizune. 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 Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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