Innovacorp invites ocean energy start-up bids for COVE

Nova Scotia’s early stage venture capital organization Innovacorp has launched a call for ocean energy start-ups to join its technology incubator inside Centre for Ocean Ventures and Entrepreneurship (COVE).

Under its Start-Up Yard at COVE call, Innovacorp is inviting early stage ocean technology companies to apply for a prize of C$25,000 in non-dilutive funding and access to mentoring, workspace, workshops and experts.

Start-Up Yard is the incubation facility and accelerator at COVE. It helps early stage ocean technology companies commercialize their products and services and succeed in the global marketplace. It offers programs, incubation space and services, funding, shared equipment, expertise and mentoring.

It also partners with post-secondary institutions to help drive commercialization of ocean technologies.

The Start-Up Yard is targeting applications from energy, marine transportation, fisheries aquaculture, marine defense & security, and marine tourism sectors.

Entrants must be a start-up based in Nova Scotia and must be pre-revenue or in-market with sales of less than $1 million per year to be eligible to apply for the call which runs until March 16, 2018.

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