Investor

Innovate BC

Last cheque observed May 2026; 43 cheques on record.

Deploying nowGovernment

GrantVentureSeedBiotechnologyManufacturing

Deploying now
88%of best year15cheques in 12 months, 43 on record
Since the last cheque178days00hrs00min00sec
Median round$667KRounds led0 of 43Sole investor10 roundsMostly inCanada, 95%
Pitch Innovate BC

Innovate BC highlights

  1. 01

    15 cheques in the last 12 months

  2. 02

    Mostly Grant and Venture: 76% of its rounds

  3. 03

    Sole investor in 10 rounds, median $733K

What they do

Fostering innovation to drive a thriving, sustainable, and inclusive economy.From their own website
Type
Government
Cheque size
Not stated
Sectors
BiotechnologyManufacturing
Cold pitches
Not stated

The record

Every round we can evidence, newest first43 appearances

  1. 2026

    11 rounds

  2. May
    NAQI LogixGrant · CA$36KSole investor
  3. May
    Human in Motion RoboticsGrant · CA$2.2MWith 2 others
  4. May
    EMP MetalsCA$2.1MSole investor
  5. Apr
    Aspect BiosystemsGrant · CA$57MWith 2 others
  6. Apr
    Hydron EnergyVenture · CAUndisclosedWith 1 other
  7. Apr
    pH7Debt · CA$7.5MWith 2 others
  8. Apr
    VoltaiGrant · CA$73KWith 2 others
  9. Apr
    MarineLabs Data Systems Inc.Grant · CA$223KWith 2 others
  10. Mar
    EMP MetalsGrant · CA$733KSole investor
  11. Jan
    FireSwarm SolutionsVenture · CAUndisclosedWith 2 others
  12. Jan
    NuPort RoboticsVenture · CAUndisclosedWith 2 others
  13. 2025

    9 rounds

  14. Nov
    Rockburst TechnologiesVenture · CAUndisclosedWith 2 others
  15. Nov
    Hydron EnergyGrant · CA$245KSole investor
  16. Nov
    ThisFish Inc.Grant · CA$70KWith 1 other
  17. Nov
    Hydra EnergyGrant · CA$1.0MWith 2 others
  18. Oct
    SenseNetSeries A · US · TechStartups$14MWith 7 others
  19. Oct
    MarineLabs Data Systems Inc.Seed · CA$4.0MWith 2 others
  20. May
    VerdiSeed · CA$4.7MWith 5 others
  21. Mar
    Novarc TechnologiesSeries B · CA$50MWith 2 others
  22. Mar
    Flash ForestGrant · CA$35KWith 2 others
  23. 2024

    9 rounds

  24. Nov
    Gitxaala EnterprisesGrant · CA$320KSole investor
  25. Nov
    Gene Bio MedicalVenture · CAUndisclosedSole investor
  26. Nov
    NanoVation TherapeuticsVenture · CAUndisclosedWith 1 other
  27. Sept
    Industrial PlanktonGrant · CA$667KWith 2 others
  28. Jul
    RainStickSeed · CA$1.9MWith 2 others
  29. May
    ThisFishGrant$72KWith 1 other
  30. Apr
    Ecoation Innovative SolutionsGrant · CA$278KWith 2 others
  31. Mar
    Poseidon Ocean SystemsSeries B · CA · Firms' own news pages$21MWith 3 others
  32. Jan
    NupeakSeed · CA$500KWith 4 others
  33. 2023

    2 rounds

  34. Apr
    Jetti ResourcesVenture · USUndisclosedWith 2 others
  35. Jan
    Origen Air Systems Ltd.Venture · CAUndisclosedSole investor
  36. 2022

    6 rounds

  37. Sept
    DaanaaGrant · CA$300KWith 1 other
  38. Sept
    TerrameraGrant · CA$219KWith 3 others
  39. Aug
    Edvisor.ioSeries B · CA$150KWith 1 other
  40. Jun
    Avivo BiomedicalVenture · CAUndisclosedSole investor
  41. May
    Acuva TechnologiesGrant · CA$3.0MWith 1 other
  42. May
    CamDo Solutions Inc.Venture · CAUndisclosedWith 2 others
  43. 2021

    2 rounds

  44. Jul
    Navigate Surgical TechnologiesVenture · CA$848KSole investor
  45. Mar
    ARTMSGrant$300KWith 1 other
  46. 2020

    2 rounds

  47. Sept
    CryoLogisticsGrant$1.4MWith 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

Who they invest alongside

The investors most often in the same rounds as Innovate BC. A count of rooms they were both in, not a relationship either has claimed.

BDC CapitalVC firm5rounds togetherNational Research Council of Canada Industrial Research Assistance ProgramVC firm5rounds togetherPacific Economic Development CanadaInvestment firm5rounds togetherCreative Destruction LabAccelerator4rounds togetherGovernment of CanadaGovernment4rounds togetherExport Development CanadaGovernment3rounds togetherSustainable Development Technology CanadaVC firm3rounds togetherTechstarsVC firm3rounds togetherNatural Resources CanadaGovernment2rounds togetherRight Side Capital ManagementVC firm2rounds together

Recently backed

The latest companies Innovate BC put money into.

NAQI Logix$36K · May 2026EMP Metals$2.1M · May 2026Aspect Biosystems$57M · Apr 2026Hydron EnergyApr 2026pH7$7.5M · Apr 2026Voltai$73K · Apr 2026

Quick answers about Innovate BC

What does Innovate BC invest in?

Innovate BC invests most often at Grant and Venture (76% of the rounds on record), in sectors such as Biotechnology and Manufacturing.

How active is Innovate BC?

43 investments on record, 15 of them in the last 12 months. The most recent was in May 2026.

What has Innovate BC invested in recently?

Its most recent investments on record: NAQI Logix (Grant, May 2026), Human in Motion Robotics (Grant, May 2026) and EMP Metals (Undisclosed round, May 2026).

How big are Innovate BC's cheques?

The median round it joins is $667K.

Does Innovate BC lead rounds?

Rarely, if at all: none of its 43 investments on record names it as the lead.

Where does Innovate BC invest?

Most of the companies it backs are in Canada (95%) and the United States (5%).

Is Innovate BC investing now?

Yes: it is actively investing, with 15 investments in the last 12 months.

Who does Innovate BC invest alongside?

Most often BDC Capital (5 rounds together), National Research Council of Canada Industrial Research Assistance Program (5 rounds together) and Pacific Economic Development Canada (5 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it