How Innovacorp's Unique Approach Helps Startups Become Billion-Dollar Companies

Innovacorp is the only organization of its kind in the region, perhaps the country, that combines incubation, acceleration programming and funding to the start-up community.

Its one-stop approach has been proven successful, recently celebrating its first unicorn investment where its investment of $3-million in Meta Materials Inc. six years ago has returned $101-million to the crown corporation. Innovacorp operates three separate incubation facilities, the Labs, the Bays and COVE.

"They have utilized all of the services at Innovacorp. They've been in our incubation facility. They've used all of our acceleration programs. We invested capital in them," said CEO Malcolm Fraser. "We believe doing all of those things...provides a higher likelihood of success for these companies."

In his conversation with Don Mills on the latest episode of the Huddle "Insights" podcast, Fraser talks about the focus of Innovacorp and its success, as well as the increasing collaboration within the region with similar organizations.

You can listen to the conversation with Cooper in the player above. Better yet, search for “Huddle Insights” on a podcast platform like Apple or Spotify. Follow the show and never miss an episode. You can also listen to past episodes on those platforms.

The “Insights” podcast combines the experiences of an economist, David Campbell, and a social scientist, Don Mills, to explore the challenges and opportunities facing Atlantic Canada, promote data-driven decision-making among policymakers, and encourage a wider dialogue and debate leading to greater prosperity for the region.

This episode of Insights is brought to you by MNP Digital – a firm that guides, protects, and empowers organizations along their digital journey. See how at mnpdigital.ca/atlantic-canada-is-home/