COVE logo — COVE is where marine technology leaders develop solutions fo...

COVE

COVE is where marine technology leaders develop solutions for a better and sustainable world.

Founded 2017 Canada Canada 40 employees Grant Total: $8.86M

General Information

Company Name COVE
Founded Year 2017
Location Canada Canada
Employees 40
Funding Stage Grant
Social

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About COVE

COVE is a marine technology hub based in Canada, founded in 2016. The company focuses on advancing the marine innovation sector through its state-of-the-art facilities, spanning 51,000 square meters along the waterfront in Canada's deepest harbor. It serves as a collaborative space where ocean technology companies, post-secondary researchers, and marine-based service businesses come together to develop commercial solutions in a dynamic ecosystem.

COVE's recent $8.50M grant investment on 20 July 2023 from the Government of Nova Scotia demonstrates its commitment to sustainable growth and environmental stewardship. The facility's offerings, including offices, shared workspaces, and workshops equipped with electrical capabilities, provide an ideal environment for idea development and commercialization. Moreover, with a marine terminal featuring excellent vessel accommodation and dedicated charging points for electric-powered vessels, COVE prioritizes technological advancement and environmental sustainability within the marine industry.

Taxonomy: Marine Technology, Ocean Innovation, Marine Infrastructure, Start-Up Incubator, Sustainable Growth, Ocean Economy, Ocean Enterprises, Commercialization, Research & Development, Working Waterfront

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Grant $8.50M 1
Government of Nova Scotia
20 Jul 2023
Grant $356.84K 1
Atlantic Canada Opportunities Agency
12 Feb 2020

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FAQ About COVE

COVE is where marine technology leaders develop solutions for a better and sustainable world.
COVE was founded in 2017.
COVE is headquartered in Canada.
COVE has approximately 40 employees.
COVE has completed 2 funding rounds, raising a total of $8.86M. The latest funding stage is Grant.
Top alternatives and competitors to COVE include LU Innovation, Lumai, Klaster LifeScience Krakow, Grupo BEL, InnoCare Pharma. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
COVE and LU Innovation are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for COVE, https://bouncewatch.com/company/cove-5, updated 29 November 2024. When citing, please name BounceWatch and link this page.

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