Halifax, NS – Prosaris Solutions Ltd (“Prosaris”) has been selected as part of Innovacorp’s Fall 2020 Sprint program. Prosaris is one of nine companies to advance to the final round from an initial pool of 60 companies. As part of its selection, Prosaris will receive $25,000 and access to Innovacorp’s wealth of entrepreneurs and business professionals.
Innovacorp’s Sprint program finds and supports high potential, early-stage knowledge-based companies, and encourages entrepreneurial activity in Nova Scotia.
Funding from the Sprint program will allow Prosaris to ready its OL1 Directional Ultrasonic Leak Detector for commercialization, while Innovacorp’s Entrepreneur-in-Residence will advise the company on its strategic objectives. Together, the participation of Prosaris in the Sprint program will propel the company’s innovation further and bring the OL1 to market faster.
Prosaris is challenging the status quo of leak detection. The ultrasonic technology used in the Prosaris OL series helps operators track down and manage even the smallest leaks quickly and efficiently. That’s better for business, the environment, and for the safety of staff and customers. And that’s good for us all.[[SC1]](#_msocom_1) Learn more at prosaris.ca.
Innovacorp is Nova Scotia's early stage venture capital organization. It works to find, fund and foster innovative Nova Scotia start-ups that strive to change the world. Early stage investment is at the core of Innovacorp’s business model. It also gives entrepreneurs access to world-class incubation facilities, expert advice and other support to help them accelerate their companies. Target industries include information technology, life sciences, clean technology and ocean technology. Learn more about the Sprint Program.