Innovation Factory (Canada)
- Company typePrivate
- Founded2010
- HeadquartersHamilton, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
Innovation Factory (Canada) firmographics
Firmographics- Name
- Innovation Factory (Canada)
- Website
- https://innovationfactory.ca
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Innovation Factory (Canada) industry classification
Industry- Product category
- Startup Accelerator Services
- akta.pro primary industry
- Accelerators & Incubators (Investor-Operated) (FSANAAAM)
- akta.pro secondary industries
- Youth Business Incubators & Accelerators (EDAMAHAC), Innovation & Design Thinking Programs (EDAMAHAD)
Keywords
Where Innovation Factory (Canada) is headquartered
LocationHeadquarters
- HQ city
- Hamilton
- HQ country
- Canada
- HQ region
- North America
Markets served
Innovation Factory (Canada) business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Innovation Factory (Canada) product offering
Product offeringCore offering
Innovation Factory is a not-for-profit business accelerator that supports early-stage and growth-stage startups through structured programs combining workshops, mentorship, and investor pitching events. Its flagship Catalyse Accelerator Programme is a climate technology accelerator delivered in partnership with ASEAN Centre for Energy, UNIDO, and BLOCK71 Indonesia, preparing startups for a final pitching event at the ASEAN Energy Business Forum.
Product overview
No product information available in source data. The provided sources focus on accelerator program partnerships and a startup called AlertRx, but do not contain details about Innovation Factory (Canada)'s own product or service offerings.
Differentiator
Problem solved
Functional benefit
Products and services
- Catalyse Accelerator Programme
Quantifiable outcome
- 30 startups supported per accelerator cycle
- +1 more outcomes
Companies that use Innovation Factory (Canada)
Customer profileSegments1 record
Ideal customer profiles1 record
Innovation Factory (Canada) technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Innovation Factory (Canada) partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- ASEAN Centre for Energy (ACE)coreThe ASEAN Centre for Energy collaborates with Innovation Factory on the Catalyse Accelerator Programme, a second-phase initiative in Jakarta. ACE provides regional energy sector expertise and access to the ASEAN Energy Business Forum for the final pitching event. This is a core partnership enabling Innovation Factory's support of climate tech startups across the ASEAN region.
- UNIDOcoreUNIDO (United Nations Industrial Development Organization) collaborates with Innovation Factory as part of the Catalyse Accelerator Programme. UNIDO provides international development expertise and support for industrial development aspects of climate technology startups, contributing to the program's legitimacy and global reach.
- BLOCK71 IndonesiacoreBLOCK71 Indonesia, a prominent startup ecosystem enabler, co-hosts the Catalyse Accelerator Programme workshops in Jakarta. The partnership leverages BLOCK71's local startup ecosystem infrastructure, networks, and operational capabilities to deliver the accelerator program to climate tech startups.
Scale indicators1 record
Recent moves5 records
Expansion highlights4 records
Innovation Factory (Canada) competitors and assessment
Company assessmentBroad incumbents
- MaRS Discovery District: Toronto-based innovation hub supporting high-impact startups across multiple verticals including cleantech. Comparable as a major Canadian not-for-profit innovation center with accelerator programming and corporate sponsor relationships, though considerably larger in scope than Innovation Factory.
- Creative Destruction Lab: Global seed-stage program affiliated with the Rotman School of Management, providing structured mentorship to science- and technology-based startups. Comparable as a Canadian-headquartered non-profit accelerator with cohort-based programming.
- Plug and Play Tech Center: Global innovation platform operating industry-specific accelerator programs (including energy/sustainability) with extensive corporate partner network. Comparable as a multi-vertical accelerator with corporate sponsorship model and global footprint overlapping Innovation Factory's ASEAN ambitions.
Direct peers
- Communitech: Kitchener-Waterloo innovation hub operating accelerator and founder-support programs with corporate and government partners. Directly comparable as a Canadian not-for-profit tech/innovation ecosystem operator with sponsor-funded programming for early-stage startups.
- Velocity (by Waterloo): University-affiliated Canadian startup incubator/accelerator providing mentorship, programming, and founder support. Comparable business model (non-profit, sponsor-funded, cohort-based support) and similar focus on early-stage tech ventures.
- DMZ (Toronto Metropolitan University): Leading Canadian startup accelerator offering cohort-based programs, mentorship, and corporate sponsor partnerships. Directly comparable as a Canadian not-for-profit accelerator serving early-stage startups with programming tailored to specific verticals.
- Greentown Labs: Largest climate-tech startup incubator in North America, providing labs, prototyping space, and corporate partnerships to hardware-enabled climate ventures. Comparable vertical focus (climate tech) and similar cohort/accelerator support model.
- Elemental Excelerator: US-based non-profit accelerator deploying funding and partnerships to climate-tech startups across energy, mobility, and built environment. Closely comparable as a non-profit climate-tech accelerator with corporate sponsor architecture.
- BLOCK71 (global network): NUS Enterprise's global startup ecosystem platform with locations including BLOCK71 Indonesia—Innovation Factory's core program partner. Highly comparable as an ASEAN-anchored accelerator infrastructure operator running cohort programs for early-stage startups.
Regional players
- HATCH (Norway): Norway-based accelerator historically focused on aquaculture and blue-economy startups, now expanding into climate-tech ventures. Comparable as a non-profit climate/sustainability-focused accelerator with corporate sponsor model and cohort-based programming.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks4 records
Key highlights5 records
Customer concentration
Innovation Factory (Canada) social profiles
Digital presenceInnovation Factory (Canada) financial estimates
Financial estimateRevenue estimate
Valuation estimate
Innovation Factory (Canada) leadership team
Management profileNumber of profiles
Profiles1 record
Innovation Factory (Canada) funding detail
Funding detailFunding overview
Funding rounds3 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Innovation Factory (Canada) M&A and investment
M&A and investmentM&A
Investments7 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Innovation Factory (Canada)
What does Innovation Factory (Canada) do?
Innovation Factory is a not-for-profit business accelerator that supports early-stage and growth-stage startups through structured programs combining workshops, mentorship, and investor pitching events. Its flagship Catalyse Accelerator Programme is a climate technology accelerator delivered in partnership with ASEAN Centre for Energy, UNIDO, and BLOCK71 Indonesia, preparing startups for a final pitching event at the ASEAN Energy Business Forum.
Is Innovation Factory (Canada) a public or private company?
Innovation Factory (Canada) is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Innovation Factory (Canada) founded?
Innovation Factory (Canada) was founded in 2010. It employs 11 to 50 people.
Where is Innovation Factory (Canada) based?
Innovation Factory (Canada) is headquartered in Hamilton, Canada, in the North America region.
Who are Innovation Factory (Canada)'s main competitors?
Broad incumbents on record are MaRS Discovery District, Creative Destruction Lab and Plug and Play Tech Center. Direct peers are Communitech, Velocity (by Waterloo), DMZ (Toronto Metropolitan University), Greentown Labs, Elemental Excelerator and BLOCK71 (global network). HATCH (Norway) is listed as a regional player.
Does Innovation Factory (Canada) have an API?
No public API is recorded for Innovation Factory (Canada).
What industry is Innovation Factory (Canada) in?
Innovation Factory (Canada)'s product category is Startup Accelerator Services. Its primary akta.pro industry code is FSANAAAM, Accelerators & Incubators (Investor-Operated), with a secondary code of EDAMAHAC, Youth Business Incubators & Accelerators.