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As we look to 2025, ventureLAB is proud to spotlight ten companies that embody the entrepreneurial spirit and are driving Canada’s hardware and tech ecosystem forward. Representing programs like the Hardware Catalyst Initiative, Capital Investment Program, TechEdge, Accelerated AI, Canada Catalyst, and Accelerated Growth Program, these innovators are shaping the future of technology and redefining their industries.
These ten companies exemplify the excellence cultivated within the ventureLAB community, showcasing the diversity of innovation across industries, from advanced manufacturing and MedTech to AI-driven solutions and sustainable technologies. Join us as we celebrate their achievements and look forward to a transformative year ahead.
Program: Capital Investment Program
Toronto-based expert in scalable additive manufacturing, Mosaic is reshaping supply chains through localized, on-demand polymer part production. Backed by $28M in equity growth funding, Mosaic’s automated 3D printing solutions drive sustainability and power resilient, future-ready economies.
Program: Capital Investment Program | Hardware Catalyst Initiative
Hyperlume is tackling one of the most pressing challenges in data centers: high energy consumption and limited bandwidth. By introducing an ultra-low power microLED optical interconnect that uses light rather than copper wiring for data transmission, Hyperlume reduces carbon footprints and boosts computing capacity for AI/ML applications. As the demand for high-performance computing grows, Hyperlume is perfectly positioned to lead the next generation of AI connectivity.
Program: Tech Edge
Over the past two years, Glyph Platforms has generated over $450K in revenue and made significant strides toward digital sustainability. With ScaleAI funding, the company has further developed its AI-powered computer vision solution, Glyph, bringing innovative and efficient solutions to robotics and industrial automation.
Program: Tech Edge
MedEssist builds an accessible, affordable and connected layer of the healthcare system through the modernization of pharmacies. In line with this mission, MedEssist has integrated with Uber Direct, a white-label Uber delivery service to offer same-day medication delivery across North America, offering the convenience and reliability of Uber's delivery network, rates and technology across community pharmacies at scale.
Program: Accelerate AI
MedReddie, a trailblazer in women-led innovation, offers an AI platform and medical procurement large language model that streamlines healthcare procurement, helping global health systems save time, reduce costs, and accelerate access to medical solutions. The company raised a pre-seed round following its win at The Firehood and Elevate Women+ pitch competition and the investment was made up of funds from angel investors, The Firehood, Forum Ventures, BDC Capital’s Thrive Lab and New Brunswick Innovation Foundation. MedReddie was accepted and graduated from accelerators and scale up programs from Google North America, ventureLAB Accelerate AI, The Firehood's firestarter program, Canadian Women's Network Pathway to Silicon Valley, Canadian Entrepreneurs in Life Sciences (CELS), and supported by Scale AI.
Program: Accelerate AI
Fairly AI is ensuring the ethical and responsible use of artificial intelligence. Backed by $2.9M in funding and ScaleAI support, the company is building solutions to bring safety, security and fairness to AI systems, aligning with global standards and regulations.
Program: Canada Catalyst
Voted the best healthtech of G20 in 2023, LINDA Lifetech changed the way the world combats breast cancer. Based in Toronto the company has operations in Brazil, where it’s available to 4 million women and has increased access to exams by 40% in the country, serving both public and private healthcare systems.
Program: Accelerated Growth Program
RideAlike launched the world’s first AI-powered peer-to-peer car-sharing marketplace tailored for multi-residential communities. The shared mobility solution cuts costs, reduces emissions, and enables residents to rent or swap vehicles with neighbors, addressing first- and last-mile challenges for businesses and institutions.
Program: Hardware Catalyst Initiative
Blumind is on a mission to build the world’s most efficient AI chips using its proprietary analog compute semiconductors delivering 100-1000x lower power without performance or cost compromises. Based in Toronto and Ottawa, Blumind’s team has unique expertise in chip design and machine learning software. Blumind was voted in the Top 100 global silicon startups to watch in 2024 by EETimes.
Program: Hardware Catalyst Initiative
Lumotive is revolutionizing optical technology with its patented Light Control Metasurface chips, delivering groundbreaking solutions for LiDAR, AI data centers, and advanced networking. Backed by over 100 patents and a proven track record, Lumotive is shaping the future of scalable, energy-efficient, and high-performance optical systems worldwide.
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