Prime

For founders pursuing state of the art technological innovations across diverse industries.


  • All Ventures
  • CDL-Atlantic
  • CDL-Melbourne
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Lab4 Inc.

Lab4 Inc. (Lab4) has developed ARC (advanced recovery circuits), a sustainable mineral extraction process that can recover over 99% of the economic value of lithium ion batteries. The global lithium-ion battery recycling market was valued at $1.5B USD in 2019 and is projected to reach $18.1B USD by 2030. The global shift towards renewable energy has increased demand for batteries and therefore critical minerals which have geographical, environmental, and political constraints. Lab4 has developed a closed loop, zero waste process that is less capital intensive than what is currently available in the market and allows for rare earth minerals to be reused rather than mined. 

lab4inc.com

CDL Mentor Endorsement
"It is shockingly simple as to why I raised my hand. A few years ago, when I became involved in CDL, I did so to help guide the Ventures to best path and contacts to improve the chance of success. While I have been involved at a Board level with a prospective Rare Earths project, Lab4 Inc was something completely different. A fresh approach, incorporating technology, a new way of tackling the issue, environmental focus, and efficiency at the fore. Nifemi captures a room of seasoned mentors with a casual confidence and belief and has the work ethic and focus to drive this to become a true CDL success story. CDL mentors have jumped at the opportunity to assist, and I believe rightly so. Proving out Lab4’s technology and process from a scientific and practical perspective has that real and true shot to be something truly big and exciting." Ken Marshall, Director, KTM Ventures Inc

AlumaPower Corporation

AlumaPower Corporation (Aluma) is a clean energy company that uses inexpensive, scrap, or recycled aluminum as fuel to generate long-duration, high-power, and emissions-free energy. Instead of emitting CO2, Aluma’s byproducts are energy, water, and a slurry of aluminum trihydrate and alloying elements that have value in different processes like eco-cement or are recycled as new fuel grade aluminum. AlumaPower provides a clean, quiet, and safe energy source that works well in all temperature profiles and provides power comparable to internal combustion engines (ICE).

alumapower.com

CDL Mentor Endorsement
"The venture has developed a novel solution to providing clean backup electric power by consuming waste aluminum as a fuel. They have made significant progress towards a commercially viable solution. While working with CDL they have identified several ICPs, including one which presents very significant revenue growth potential - operators of large data centres. One target customer from that ICP sector (a global leader in several sectors including data centres) is interested in working with the venture to prove the solution. I like the technical solution, and I really like the team. The team is experienced and confident while being keen to receive advice and support." - Mike Morris, Consultant, Independent

Oltre Financial Inc.

Oltre Financial (Oltre) has developed a financial planning platform, Optiml™, that helps its users minimize tax burdens otherwise overlooked by one-size-fits-all financial strategies, enhancing estate values by up to 10%. Through proprietary algorithms and machine learning techniques, Optiml precisely navigates the complexities of tax optimization and creates personalized estate plans tailored to each Canadian’s unique goals. By providing tailored solutions that consider individual financial situations, Optiml aims to educate users about tax-efficient practices and enable them to manage their finances more effectively.

optiml.ca

CDL Mentor Endorsement
"I raised my hand because I’d already watched Oltre Financial up close at Volta turn a complex pain point—optimizing retirement plans under Canada’s convoluted tax code—into a product that users pay for and rave about. Since September they’ve doubled their paying customers, lifted MRR by 80-plus percent, sliced churn by five points, and still sit on ten months of runway, all while staying ferociously coachable and disciplined. In short, this is a driven team that sets targets, executes, and learns fast—success here isn’t an “if,” it’s a “when.” - Matt Cooper, CEO, Volta

Dispension Industries Inc.

Dispension Industries (Dispension) has developed a suite of secure and intelligent Smart Robots powered by proprietary enterprise resource planning (ERP) software and security controls to distribute restricted products without direct supervision. Following the COVID-19 pandemic, consumers and retailers increasingly seek low-contact, frictionless solutions that reduce overhead while expanding means to generate more revenue. Dispension’s automated robots use biometric authentication to securely verify consumers’ ages or identities, allowing safe and efficient access to restricted products such as alcohol, cannabis, or prescription medications.

dispension.com

CDL Mentor Endorsement
"Dispension has developed a smart front end for standard dispensing machines, which has been demonstrated in a couple of venues to be capable of delivering improved controls, higher sales and revenue generating for the vendors using the equipment. They have entered a period where they have a significant pipeline of potential customers and a solid set of performance data that should resonate with venue operators looking to improve margins and productivity. The founders are looking to close a $3M round and with a sharp pitch deck of what they've demonstrated so far, along with their solid story of how they got to where they are, the next year should put them on a sustainable growth path. Their present financial approach, converting MRR to an upfront payment with a reasonable cost of interest, is a good plan for the short term and even long term if they are growing exponentially." - Rick Janega, COO (Retired), Emera Inc.

Pain Coach Inc.

Pain Coach is building software that enables physicians to personalize their patients’ prescriptions of opioids after orthopedic surgery. Despite increasing regulations, opioid medications continue to be a mainstay of orthopedic postoperative pain control. Leaving patients to navigate their pain at home with these drugs can result in poor outcomes and increases in health system burden, including returns to the emergency department. Pain Coach supports patients at risk for addiction by providing guidance for post-operative opioids and supports physicians with individualized plans to identify where opioid tapering plans would be helpful to facilitate better patient outcomes and ease the burden on the healthcare system.

paincoachapp.com

CDL Mentor Endorsement
"I raised my hand for Pain Coach because it addresses the critical healthcare challenge of opioid overuse and its consequences. Founder Emily Johnston brings deep frontline experience and clinically-informed solutions. Unlike generic pain trackers or tapering apps, the solution integrates education, real-time tracking, and tailored prescribing. There is good early traction, a clear AI-enabled long-term vision, and a committed founder backed by top clinical and technical advisors." Dr. Frank Rudzicz, Associate Professor, Dalhousie University Faculty of Computer Science

Retellio (formerly Aucure)

Retellio offers AI-powered podcasts of first-hand customer feedback for customer-focused business-to-business (B2B) software companies. High-growth companies often record thousands of hours of customer conversations but struggle to convert this information into actionable intelligence. Retellio analyzes the information in customer calls and interviews, then clusters themes, insights and snippets into manageable 30-minute podcasts to help teams uncover the "why" behind user behaviour and inform business decisions. 

retellio.com

CDL Mentor Endorsement
"I raised my hand for Retellio because they are building a full suite, not just a clever feature, at exactly the right moment. Their use of AI is timely, but what sets them apart is their focus on real customer problems and a methodical approach to validating both demand and pricing. The team is sharp, fast-moving, and incredibly coachable, taking full advantage of every introduction and suggestion from the CDL community. They are not just iterating. They are compounding." - Scott Pelton, Co-founder, RiSC Capital

Tracktile

Tracktile is developing an intelligent manufacturing platform that allows small to medium-sized food and beverage manufacturers to trace and streamline operations across all departments. The manufacturing industry has become more complex and competitive, and current solutions are either too expensive and robust for medium-sized companies or very limited in functionality. The venture’s platform aims to provide a customizable solution that ensures seamless communications and data visibility at a more affordable price. 

tracktile.io

CDL Mentor Endorsement
"Tracktile is driven by founders with deep food manufacturing expertise who combine coachability with a drive to succeed. Their understanding of food manufacturing challenges, position them to solve real market problems, while their openness to mentorship and enthusiasm make them a compelling bet for building a successful company." - Paul Hill, Founder and Managing Director, Sparkasa Capital

Cell Bauhaus

Cell Bauhaus develops digital twins of biological cells to provide modelling and simulation tools for bioengineers. This enables in-silico exploration of how genetic changes influence cellular behaviour, reducing the time and cost associated with laboratory experiments for sustainable manufacturing and precision medicine.

cellbauhaus.com

CDL Mentor Endorsement
"Megan and Michael have been the standout participants in this cohort, in terms of the problems they are seeking to solve, their presentation professionalism and adoption of the mentor opportunities and the support by Tin Alley and Gates Foundation etc. There is overwhelming logic in their approach to engineering cell models using interpretable whole-cell modelling and machine learning to predict, design and optimise cellular behaviour in biotechnology. If the POC can be built out, the opportunities will be vast. I was especially keen to support them on this last phase to optimise their commercial model, using a combination of my experience and IP licence structures to help them maximise their position. " - Scott Bouvier, Partner, King & Wood Mallesons

Brightspace

Brightspace improves building energy efficiency with wireless edge AI sensors that optimize HVAC operations in real-time. By privately tracking occupants, the system adjusts services per person, reducing energy use without disruptions, offering a cost-effective solution for both new and existing buildings.

brightspace.ai

CDL Mentor Endorsement
"Brightspace delivers a smart energy-saving solution powered by Edge AI, enabling buildings to significantly reduce operating costs while improving energy efficiency. I was particularly inspired by the clarity of their approach, the measurable impact of the technology, and the strength of the founding team. The co-founders bring a “can-do” mindset, simultaneously advancing early deployments, building a robust sales pipeline, and raising capital to scale. They’ve identified Southeast Asia as a priority market and are already in advanced conversations with potential partners in Sri Lanka, Malaysia, and Singapore. Notably, their solution is attracting interest across several sectors — from airports and malls to large commercial buildings. Brightspace is a team to watch, and I believe the CDL community should be paying close attention to their progress." - Claudia Salem, Former Regional Property & Casualty CEO, Allianz Asia Pacific

Forge Photonics

Forge Photonics is developing gyroscopy solutions for inertial navigation that meet performance, price and safety requirements for autonomous vehicles. Their systems will target the price per performance gap which restricts safe autonomous vehicles from being built at consumer prices.

forgephotonics.com

CDL Mentor Endorsement
"Accurate, low-cost, vector-based inertial navigation systems are a long-standing "holy grail" in Deep Tech — requiring deep, multi-domain expertise and offering enormous cross-market potential. I’m looking forward to continuing to work with the team as they bring their vision to life and create a meaningful impact through this unique technology." - Malcolm Allen, Director, Trembrook Services

Captivate Technology

Captivate Technology's solid-state adsorbent unlocks low-cost, energy-efficient CO2 capture from industrial emissions. The captured CO2 can be stored or converted into sustainable aviation fuel or methanol. MUF-16 reduces energy consumption by a factor of 3 compared to liquid amines for CO2 capture and surpasses other solid-state adsorbents in selectivity for CO2 over N2, as well as in water vapor and impurity tolerance, and manufacturing costs.

captivatetechnology.com

Kite Magnetics

Kite Magnetics is an advanced materials company developing Aeroperm, a nanocrystalline magnetic material for electric motors. Its key innovation lies in reducing energy losses by up to 55%, enabling motors and cooling systems to be half the size and weight without requiring redesigns or new manufacturing equipment. This breakthrough simplifies adoption, offering significant efficiency gains with minimal disruption to existing processes.

kitemagnetics.com

CDL Mentor Endorsement
"The global EV market is just starting to gain traction, with all major global car makers ramping up production to meet a fast growing demand. EV price and performance are key to success, and car makers are looking to meaningful cost reduction and performance improvements in batteries and electric motors to gain an edge. Kite Magnetics has developed an innovative and unique nanocrystalline magnetic material to substantially improve the performance and reduce the cost of EV electric motor stators, providing a compelling solution for EV makers. Kite founder, Dr Richard Parsons, is an inspiring and thoughtful scientist entrepreneur and with his management team have developed a top-notch business plan to fully realize the business potential of their unique technology. A new age tech company that has an exiting future!" - Blair Healy, Investor & Advisor, FST Innovation

Voltavate

Voltavate distributes its electrospinning technology by installing the machinery directly at battery manufacturing sites. Enabling the production of electrode-coated nanofiber separators applied straight onto the electrodes, streamlining assembly and allowing manufacturers to customise separators for specific battery applications.

voltavate.com

PlasmaShield Ltd

Plasma Shield offers a medical-grade air treatment system that utilizes three distinct methods to eliminate nearly all contaminants, including particles, pollutants, bacteria, viruses, mould, odours, smoke, and volatile organic compounds. This solution addresses the high energy consumption associated with over-conditioning outdoor air and the serious health issues stemming from poor indoor air quality.

com.au

CDL Mentor Endorsement
"I was very impressed with the results of PlasmaShield’s trials and the advantages they offer hospitals for purifying air to an excellent degree (of both pathogens and contaminants) while doing so efficiently. Obviously customers agree as the company’s team is fielding an enormous amount of interest and winning significant contracts. I love their “can do” attitude even in the face of a shortage of staff due to the very encouraging initial sales volumes." - Kristine Hegarty, Managing Director, Kristine Hegarty Consulting

NovoLabs Ltd

NovoLabs deploys its Supercritical UV™ technology directly on-site, integrating UV light with supercritical flow to efficiently disinfect low-UVT wastewater in various industries. This approach reduces environmental impact and cost and can be adapted to pasteurise beverages.

co.nz

CDL Mentor Endorsement
"NovoLabs have patented technology which provides a scalable simple solution to treating wastewater, including from meat processing plants and in water treatment facilities. The team are committed and currently well supported financially. They are good listeners, fast learners, execute well and a pleasure to mentor. The technology is globally important and should be able to be successfully scaled up and deployed any where in the world. It will enable the more productive re-use of water and is clean and chemical free. With further funding and strong distributors, its Supercritical UV technology could be rolled out in 1000s of facilities worldwide and make a strong contribution to he more sustainable and clean use of water. " - Scott Bouvier, Partner, King & Wood Mallesons

Miruku

Miruku is reprogramming oilseed crops like safflower and canola to produce nature-equivalent proteins and dairy-like fats. This enables animal-free alternatives for a wide range of applications, from food products to cosmetics. Miruku's technology uses existing agricultural infrastructure, offering a sustainable, scalable, and cost-effective solution for producing high-quality proteins without relying on animal sources.

miruku.com

CDL Mentor Endorsement
"Miruku's alternative approach to producing proteins addresses a key 21st century challenge of feeding a growing population in a more sustainable way. The chief scientist Professor Oded Shoseyov has a very impressive track record, they have strong IP protection and an experienced group of supporters and regulatory advisers. Recently gaining approval for a GMO trail in Australia and landing a pilot with a leading dairy company are very impressive milestones. Miruku have been a keen and appreciative participant in the CDL program. They have listened to and implemented feedback and they have the potential to build a very successful IP based business which addresses a global need." - Scott Bouvier, Partner, King & Wood Mallesons

Loop Hydrometallurgy Operations Pty Ltd

Loop Hydrometallurgy is developing the Halion Loop™, a copper production technology that operates at low temperatures and atmospheric pressure to produce high-purity copper metal. This is done directly at the mine site without emitting noxious gases or liquid effluents. The technology captures the full range of valuable metal co-products and by-products while stabilising and rendering safe contaminant metals such as arsenic.

com.au

CDL Mentor Endorsement
"Loop represents the kind of transformative, deep tech venture I actively seek out — one with the potential to reshape an entire industry through bold, ambitious innovation. Their focus aligns closely with Australia's strengths in resources, and I’ve found the founder to be thoughtful, grounded, and highly coachable — a rare and valuable combination." - Malcolm Allen, Director, Trembrook Services

Tethys

Tethys has developed a microfluidic technology with a centrifugal pump that rotates up to 10K rpm to move fluids throughout microcircuits and thermoelectric modules at ~2m/s. When this technology is integrated into Tethys’ patented vest design, the microfluidic technology provides thermal comfort. This vest operates in extreme temperature conditions of -10 to 70°C and uses microfluidics to heat or cool users to 20-40°C within 20 seconds enhancing worker safety and productivity. The microfluidic technology is long lasting with 8 hours of operation between 2 interchangeable and rechargeable batteries.

tethys.cool

CDL Mentor Endorsement
"Giacomo impressed me with his technical background combined with his enthusiasm to grow a business to solve a real problem. He has developed a patented vest which provides comfort and increased productivity to workers in extreme hot and cold environments for up to eight continuous hours. The engineering work to develop the vest and create a unique solution beyond what is currently available has already resulted in significant customer interest, especially in the steel-making industry, which is a beachhead. Giacomo is a mature, coachable founder who delivers. He was a pleasure to work with, and I strongly believe that he and his team will be successful in growing an impactful venture which will ultimately serve a number of vertical markets in numerous geographies." – Elizabeth Cannon, President Emerita, University of Calgary

Pills with Wheels

Pills with Wheels has developed a last-mile delivery system that offers pharmacies with a consistent and privacy-compliant service to provide prescription medications deliveries for patients while increasing their revenue generation by 3x. By offering same-day delivery, the venture allows any pharmacy to become an online pharmacy without building any e-commerce infrastructure to provide prescription deliveries for free with a patient-centric approach enabling medication adherence.

pillswithwheels.com

Octagon Spine

Octagon Spine has manufactured a one-piece expandable spinal cage that offers the largest bone window for spinal surgery. It’s design reduces the risk of incomplete spinal fusions and costly re-operations and allows insertion through a smaller incision point than the current standard of care.

linkedin.com

Cubbi

Cubbi is a food service platform that delivers fresh, healthy meals to workplaces through optimized bulk delivery and production systems, reducing in-office catering costs by up to 65%. The platform integrates within a company’s human resources offering, enabling managers to create healthy and accessible meal programs without the significant capital and risk associated with in-house cafeterias and food delivery platforms. 

cub.bi

Nexodata Inc

Nexodata is a proprietary data management software solution that utilizes network coding technology to increase data security, improve storage and bandwidth efficiency for enterprises that utilize multi-cloud data storage systems. Through it’s enhanced fault response capability and the ability to scale to meet increased data demand, Nexodata offers a more secure and cost-effective platform for managing data across multiple servers. This improves data centre storage and bandwidth efficiency by 25-50% which allows for improved data security and operational resiliency.

nexodata.io

CDL Mentor Endorsement
"Nexodata has a market-ready solution for companies who have concerns of ransomware attacks and are looking for a more sophisticated process to restore backups. I have personally invested in the company, as they have a strong team, the market is huge, and the timing is optimal. The product can be bolted on top of existing backup systems to provide this additional functionality." – Laurie Wallace, Co-Founder and Past President, FlyOver Entertainment and Datum Telegraphic

Accelerate Wind, Inc.

Accelerate Wind’s rooftop wind turbine leverages a patent-pending spoiler technology to harness faster wind speeds at the edges of commercial buildings, producing 70% more power than conventional turbines. This enables commercial buildings to generate 25% more renewable energy and achieve a 4-6-year payback period identical to solar.

acceleratewind.com

CDL Mentor Endorsement
"Erica Boeing and Sophie Schaffer, founders of Accelerate Wind, made great use of the program and mentors, accepting ideas and feedback openly and applying it successfully. They have an excellent product that can stand alone in the energy transition tool kit, and is further enabled by past-installed solar and future installation of solar. They are fortunate in their timing to address an acute need of hyperscalers to rapidly change their GHG footprint, and Accelerate Wind has the traction with them to prove it." – Douglas Beach, Chair of the Board, Eavor Technologies Inc