Innovacorp is offering innovation support to Nova Scotia ocean technology companies through three opportunities: Demo at Sea Program, Early Adopter Program and OceanTech Development Program.

Important Dates: 
January 12, 2017 (5:00 pm AST)
Expression of Interest Deadline - OceanTech Development & Demonstration Programs

The three programs aim to help ocean technology companies accelerate commercialization of new innovative products.

Our OceanTech Development and Demonstration Programs are now closed to submissions. The deadline for expressions of interest was Thursday, January 12, 2017, at 5:00 pm AST.

All applicants will be notified about the results the week of January 23-27. Projects must be completed by Friday, March 24, 2017.

Demo at Sea Program

The Demo at Sea Program lets Nova Scotia companies demonstrate pre-commercial ocean technologies in a real-life setting.

The demonstration options are:

  • Access to a LeeWay Marine vessel for a one- or two-day charter. LeeWay offers highly skilled and experienced marine operators and well-maintained, reliable vessels. The charter will give several companies the opportunity to deploy and test their products in the ocean. Funding for LeeWay excursions will cover vessel and accommodation costs.
  • Access to the Fundy Advanced Sensor Technology (FAST) Platform at FORCE. The FAST Platform will enable testing and demonstration in high flow environments. Funding for this option will also cover 50 per cent of travel and accommodation costs, if required.
  • Access to the Flume Tank at the Marine Institute in St. John’s, Newfoundland and Labrador. This facility is used to carry out performance evaluations, gear tests and other observations on newly developed or existing fishing gear and other related equipment in simulated underwater and near surface conditions. Funding for this option will also cover 50 per cent of travel and accommodation costs, if required.
  • Other demonstration options will be considered if a strong business case is provided.

The ocean technology demonstration opportunities will happen during February and March 2017. Exact dates will be determined based on the availability of participants accepted into the program, and the demonstration options implemented will depend on demand.

Early Adopter Program

The Early Adopter Program provides Nova Scotia ocean technology companies with up to $20,000 each towards the first deployment and testing of a product with an early adopter customer.

Potential customers can include government entities, academic institutions, and private companies anywhere in the world. Customers must agree to provide test data and feedback.  

The strongest expressions of interest will include a letter of intent from an identified customer. However, interested companies can also get our assistance in finding potential customers.

Funds can be used to build the product and operate it during testing, as well as for company travel and other costs related to product deployment. Travel costs to secure an early adopter customer are ineligible.

OceanTech Development Program

The OceanTech Development Program provides Nova Scotia companies with up to $20,000 each to address short-term milestones in their technology development plan.

Funds can be used to build the product and operate it during testing, engage academic and industry expertise, and perform other technology validation activities (e.g., prototypes, pilot tests, and certification). Expenses such as founder salaries, multi-use equipment, and marketing are excluded. Eligible expenses are limited to incremental, project-specific costs.

Eligibility for Programs

Candidates for the Demo at Sea Program, Early Adopter Program and OceanTech Development Program must be a registered small to medium-sized company based in Nova Scotia with an ocean technology product or service.

Location:  Nova Scotia-based
Company Stage:  Sales of less than $10 million per year
Product Stage:  New product with zero sales and the following technology readiness levels (refer to this page for level descriptions): Demo at Sea Program: Levels 5-7; Early Adopter Program: Levels 7-9; OceanTech Development Program: Level 4 or higher
People:  Founders and/or management team have industry knowledge, management experience and commitment to the venture
Market:  Large, growing international market
Competition:  High barrier to competitive entry
Execution:  Credible plan to reach key milestones

How to Apply

The Demo at Sea Program, Early Adopter Program and OceanTech Development Program are closed to submissions. The deadline for expressions of interest was Thursday, January 12, 2017, at 5:00 pm AST. We asked you to use the EXPRESSION OF INTEREST FORM, answering the questions in the boxes provided, and then submit it to us via email.

Shortlisted companies will be notified on Friday, January 13, 2017, and will be invited to present on Monday, January 23, 2017. All applicants will be notified about the results the week of January 23-27. Projects must be completed by Friday, March 24, 2017.

For more information, contact Shelley Hessian via email or by phone at 902.424.8670 ext. 1123 or 1.800.565.7051 (Toll Free in Atlantic Canada).