Andrew Ray

Andrew Ray
Vice President, Investment | Managing Director, Nova Scotia First Fund

Andrew Ray is vice president of investment and managing director of the Nova Scotia First Fund at Innovacorp. As part of the senior management team, he leads Innovacorp’s work to find, fund and foster innovative Nova Scotia start-ups that strive to change the world.

Previously, Andrew was an investment manager at Innovacorp, focused on identifying attractive pre-seed and seed investment opportunities and managing all aspects of the investment review, approval and closing cycle.

Andrew works hands-on with Innovacorp’s portfolio companies to assist them in building teams, accelerating their growth, achieving milestones and securing additional financing. He is a board member at Ubique Networks, QRA, VineView and LeadSift, and a board observer at Proposify.

Prior to joining Innovacorp, Andrew was the CEO of Bazari, a mobile banking services provider for microfinance institutions in India. At Bazari, he helped financial institutions set up technology infrastructure and oversaw the rollout of the company’s mobile payment platform. Prior to this, he worked for MacDonald, Dettwiler and Associates on the Radarsat-2 Spacecraft, from design through launch, specializing in spacecraft guidance and navigation.

Andrew holds a B.Sc. in astrophysics from Saint Mary’s University, an space studies from France’s International Space University, and an MBA from Brigham Young University’s Marriott School of Management.