Top 10 New Startups In Canada

Canada is quickly becoming a powerhouse for fresh, forward-thinking startups across a range of industries. From cutting-edge AI companies to climate tech innovators and bold new players in healthcare and finance, the country’s entrepreneurial scene is thriving. With strong support systems, diverse talent, and a growing global reputation, 

Canadian startups are not just launching, they’re scaling fast and turning heads worldwide. These new ventures are helping to shape the future and proving that Canada is more than ready to lead on the world stage.

Why Is Canada a Good Place to Start a Business?

Because of its stable economy, highly qualified workforce, and welcoming business environment, Canada is frequently seen as a good area to launch a business. The nation is a financially secure and stable environment to do business because of its robust economy and track record of positive economic growth. A competitive and dynamic corporate environment is also a result of Canada’s highly educated workforce and strong emphasis on innovation. 

Which Industry Is Booming In Canada?

In Canada, a number of industries are expanding rapidly. Notably, the industries with the fastest rates of growth are mining, manufacturing, renewable energy, agriculture, healthcare, and technology. Certain subsectors, such as the production of spectacles and contact lenses, the wholesale of auto parts, and market research, are also experiencing notable growth. 

Top 10 New Startups In Canada

Canada’s startup scene is buzzing with innovation, from AI breakthroughs to sustainable tech solutions. However, with it being a huge startup scene, it’s hard to keep track of the new contenders. Here’s a list of the top 10 new startups in Canada:

1.  Protexxa

Protexxa offers enterprises state-of-the-art cybersecurity technology to assist them in better safeguarding their most valuable assets. On their website, Protexxa claims that human mistakes are responsible for 90% of cyberattacks. Their B2B cybersecurity platform uses artificial intelligence to “identify, evaluate, predict, and resolve cyber issues for employees.” Cyberattacks will soon be a thing of the past with this incredible technology supporting any business. 

2. Waabi

Waabi is an innovative, female-led firm that is using artificial intelligence to advance self-driving cars. This startup specializes in autonomous semi-trucks. Waabi Driver, their self-driving technology, is a flexible, affordable, and virtual environment that eliminates the need for real-world test drives.

3. Doodles

A company that specializes in NFT and animation, Doodles is sure to make you smile. Follow the exploits of Doodles’ exclusive characters, Hap and Mello. Modern digital experiences that are captivating and ultimately enjoyable are being produced by the Doodles world.

4. Neo Financial

A brand-new credit card from Neo Financial is intended to assist consumers in saving money. Neo Financial provides a new way to save with their Neo Savings Account, a CDIC-backed account that offers deposit protection and is supported by the MasterCard network in addition to a number of financial institutions across Canada. Neo Mortgage, Neo Credit, and even Neo Invest are more of the products they provide that further advance the banking industry’s future. 

5. Felix Health

Patients can quickly and effectively receive the care they require without having to go through a lot of hassles thanks to Felix Health’s digital healthcare platform, which gives easy access to medication through online diagnosis and delivery. Felix Health was established to provide contemporary answers for the modern human, encompassing mental health, sexual well-being, and general prescriptions.  

6. Cohere

By enabling their computers to read and write, Cohere makes big language models accessible, inexpensive, and simple to implement. Their ultimate objective is to create machines that comprehend our reality so that everyone may access it safely. One could say they’re improving the world, one supercomputer at a time, whether it’s to better understand your clients or assist a business in crafting persuasive text to make their point. 

7. Carbon Run

Freshwater ecologists and environmental experts founded Carbonrun. Their team of international specialists is committed to using cutting-edge river restoration methods to fight climate change. With extensive backgrounds in sustainability, engineering, and environmental science, they collaborate to repair harmed ecosystems, save aquatic life, and increase biodiversity in order to leave a healthy Earth for coming generations.

8. ACEL Power

Designing and producing electric outboard propulsion systems for the maritime sector is ACEL Power’s area of expertise. They are credited with launching the first mass-produced 50 and 75-HP electric motors in history and are dedicated to building a smart electric ecosystem that will lead to a sustainable future.

9. Cybin Inc

A biopharmaceutical business called Cybin Inc. is creating psychedelic-based medicines to address mental health issues. By developing cutting-edge treatment choices for people with mental health conditions, they hope to transform mental healthcare.

10. Moment Energy

Reusing used electric vehicle (EV) batteries to power battery energy storage systems (BESS) is the main goal of Moment Energy Inc. They provide economical and environmentally friendly energy storage options for a range of uses, such as microgrids, and commercial, industrial, and utility applications. To guarantee that EV batteries are used safely before being recycled, the firm collaborates with automakers such as Mercedes-Benz.